New York, June 19.
After ruling slightly easier early in the session on Bombay selling. lower Liverpool advices and the continued uncertainty over the Cotton Subsidy question, the New York cotton market advanced on continued unfavourable weather in the Central belt and firm conditions prevailing in textile markets. The strength of New Orleans advices and the tightness of spots were contribu tory factors to late firmness of the market, Final quotations ruled from 1 to 4 points up from the previous closing levels.
Trading in the New York raw rubber market was dull today. The underlying trend showed some improvement, influenced by the decrease in United Kingdom's stocks and some manufacturers' buying. At the close, gains ranging from 7 to 9 points were recorded.
Prices in the Chicago Grain Pit moved downward today in sympathy with lower Liverpool advices, favourable weather reports and hedging. At the final bell, losses from % to 1 vent were registered.
New York Cotton New York Rubber July 931-31 +04 Oct. 846-46 +01
Dec. 820-20 +02 Jan. 808 N +02
Mar. 800-00 +01
Text read from the printed page and cleaned; old type leaves the occasional error.