New York, May 13.
The cotton market early moderately advanced on shorts covering and trade buying. Later, prices mildly reacted on profit taking and liquidation. Finally, the market again rallied on renewed trade buying and the steadiness of spots and closed steady, with quotations ranging from 3 to 5 points Prices in the rubber market today slumped on increased selling pressure, lower cables, a slow coüsumer interest and realizing. At the close, Quotations ranged from 32 to 49 points down, Wheat futures in Chicago today reacted on favourable crop reports of Spring wheat, liquidation, weak stock market, commission house selling and a lack of support, At the final bell, losses of 2% cents were recorded, New York Cotton New York Rubber May 1039-40 +04 July 1004-06 +03 Juy (NE)
1020-22 -+04 Oct. (N.C.) July 93-74 403 Sept.
Text read from the printed page and cleaned; old type leaves the occasional error.