New York, May 5.
Cotton prices early declined on liquidation and profit taking, but later advanced on the growing opposition to the Export Subsidy Bill and the tightness of the spot situation both here and in Liverpool Final quotations ranged from 5 to 8 points above the previous close.
Conditions in the rubber market were quiet and featureless. Some trade interest was in evidence, but the lower figure for April automobile sales had a depressing effect. At the close, prices ranged from 4 to 6 points up.
Reports of scattered showers in the south-west brought out some liquidation and profit taking, but fluctuatiens were confined to a narrow range. At the final bell, prices ranged from unchanged to % cent down.
Text read from the printed page and cleaned; old type leaves the occasional error.