Washington, June 8.
Representatives of the Railway Labour Association conferred today with Senator Robert F. Wagner, Democrat of New York, and Mr.
Robert Crosser, Democratic Representative of Ohio, regarding a resolution to provide for Government Operations of railroads if the wage dispute between railroads and workers will not be settled by mediation prior to the wage cut effective July 1.
The Alternative, they said, was a possible strike by 1,000,000 railroad workers—United Press.
After early firmness, wheat prices in Chicago drifted down on profit-taking, the failure of the upturn in Liverpool to stimulate broader buy ing, the official Australian crop esti mate being placed at 187,000,000 bushels, against 150,000,000 bushels last year, favourable weather reports from the south-west and prospects of hedge pressure soon. At the final bell, losses of a % to % of a cent were registered, The sugar market closed quiet but steady om trade buying and scattered covering, due to light offerings and steady London advices. At the close, quotations were unchanged compared with yesterday's final levels.
Prices in the silk market today early reflected lower cables, the slackness of demand for actuals and hedge-selling against the new crop, which found support limited chiefly io trade and shorts covering. Spe-curative interest was negligible At the close, quotations ranged from a to 1 cent. down.
New York Cotton New York Rubber July 798-98 +09. Oct. 802-02 +09
Dec, 805-05 +09 Jan. 805-05 +09 Mar. 340-10 +10 May 813-13 +09
July 1173-3 417 Sept. 1187-88 +18 Dec. 1203-044 +17
Jan. 1208N, +17
Text read from the printed page and cleaned; old type leaves the occasional error.