New York, May 9.
Active and strong conditions prevailed in the cotton market today on higher Liverpool advices. The rally was. accentuated: by trade and commission house buying,. some short-covering and Wall Street participation. At the close of trading from 12 to 17 points were recorded.
With the outlook favourable, new buying further extended recent gains in the rubber market, with prices advancing from 13 to 16 points from yesterday's closing levels.
Reports. of. the continued dryness in part-of the wheat belt brought about a further hardening of values in the Chicago Wheat Pit. The cash position' is ruling very firm. At the final bell, quotations for active positions showed advances of 1% cents, compared. with the previous close.
New York Cotton New York Rubber May 889-89 +15 July 16.08B-11A +15 July 855-55 +15 Sept 1611-11 +5 Oct. 199-98 +17 Dec. 16.12B-14A +18 Dec. 781-81 +16. Mar. 16.14B. +14 Jan. T1/9N. +14 Mar. 777-11 +12
New York Sugar No. 4 New York Silk July 1404019—8
Sept. 1815-19—5 B/A.
May 262B-64A—1
Text read from the printed page and cleaned; old type leaves the occasional error.