New York. Apr. 17.
Higher Liverpool and Bombay cables influenced new buying and covering in the cotton market today, whilst opposition to the proposed subsidy and marketing plans allayed prevailing fears. Trading was fairly active and, with new buying and pearing, prices closed from points above the previous close.
Prices in the rubber market eased today on selling and liquidation, despite steady London cables, due to fears of a probable increase in quotas at the next meeting of the International Rubber Regulation Committee in May. However, the undertone of the market remains good. and final quotations showed losses ranging from 9 to 11 points, compared with Saturday's close.
Wheat in Chicago was a trading affair The advance in Liverpool about offset the better European outlook and, on balance. fractional gains were recorded, ranging from % to!4 cent up.
New York Cotton New York Rubber May July Oct Dec.
May, 1565-65—10
July 1567-67—09 Sept. 1567-69—09 Dec. 1565-00—11
Text read from the printed page and cleaned; old type leaves the occasional error.