New York, June 8.
Trading in the cotton market was early inactive and narrow, and prices advanced on Liverpool and Bombay cables and trade and foreign buying, with offers comparatively small Later, prices partially reacted on liquidation, especially of July option, ihe absence of new buying and the lack of new incentives and business developments. Finally, the market again rallied on covering and closed very steady, with quotations ranging irom 9 to 10 points up.
Prices in the rubber market were very steady on the continued absorption of December ənd March options by Akron interests and some shorts covering. Foreign dealers sold, while Far Eastern offerings vere small, At the last call-over, gains of 17 to 18 points were record-
Auto Palace Meeting The eighth annual general meeting of The Auto Palace Company Limited was held at the offices of Messrs Wheelock & Ca., Ltd. 2-3 French Bund, on June 9 at 1145 am. There were present, Mr, G. E. Marden, Chairman of the Board of Directors, Mr. E. Hayim, Mr. W. R. McBain, and shareholders, the number of shares represented being 11,250, The following resolution were passed unanimously, The Report and Accounts f r ihe year ended December 51, 1937.
"To pay dividend of $2.6) per share.
Re-election of Mr. F. R. Davey and Mr. G. E. Marden as Directors.
He-election of Messrs. Lowe Bingham Matthews as auditors.
Text read from the printed page and cleaned; old type leaves the occasional error.