New York, May 18.
An irregular opening was recorded in the cotton market, but on good trade and New Orleans buying prices advanced soon afterwares, with near pos is ruling steady and more distant options showing slight easiness. Subsequently, the market further hardened on good buying and covering and foreign buying, and, at ihe close, quotations ruled from 11 points up to 3 points down, compared with yesterday's final levels.
The rubber market reflected the dullness prevailing in London. Prices drifted idly downwards, but at the lower levels, some support was received. Closing quotations showed losses ranging from 9 to 15 points from yesterday.
The Chicago Grain Pit was again dominated by crop news. Reports of scattered showers in parts of the wheat areas were ignored, whilst increasing concern is being felt over damage reports from the south-west. At the final bell, gains from 2 to 1% cents were registered, compared with. yesterday's close.
New York Cotton New York Rubber July 819-19 +11 July 1597-98—09 Oct. 792-92 +06 Sept. 1598-99—11 Dec. 772-72 405 Dee. 16.00-03—15 Jan. 788 N +04 B/A
May 158 N—03 Mi 1-62 +01 Mar. 1604 N—15
New York Sugar No. 4 New York Silk July 10-904—05
Sept. 117-18
Text read from the printed page and cleaned; old type leaves the occasional error.