New York, May 3.
Trading in the cotton market was active, with old crops showing an exceptionally steady appearance, whilst more distant options also moved up. Trade and commission house buying was better today, whilst the stiffening opposition to the Government Export Subsidy Bill was a contributory factor to the advance. Closing quotations recorded gains ranging from 2 to 8 points above the previous close.
After a lower opening, prices in the rubber market advanced on good buying and more active participation by the trade, despite the nearness of the quota meeting with possibilities of an increase in the quota. At the close, quotations ruled from 12 to 15 points up from yesterday.
Weather considerations claimed most attention on the Chicago Board of Trade today. After opening fairly steady, the market showed a tendency to ease on forecasts. of moisture, liquidation and profit-taking and lower Liverpool advices. At the final bell, losses were only fractional, ranging from % to % cent.
New York Cotton New York Rubber May 851-51 +08 July 1607-08 +14 July 824-25 +07 B/A Oct. 7.75-75 +03 Sept. 16.10-10 +12 Dec. 7.58-58 +02 Dec. 16.10-12 +12 Jan. 756N 402 Mar. 1615 N +15 Mar, 753N +02
New York Sugar No. 4 New York Silk July 148-4815—12 May (No. 1 cent.) Sept. 127-272—2 254B-65A +2
Chicago Wheat Chicago Corn July 7W2-72%—% July 50%-50%—t2 Sept. 723%4-712%—le Sept. 51%-51t2—t2
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