New York, June 7, Quiet conditions prevailed at the opening of the cotton market today, with initial quotations ruling from 3 points down to 4 points up, compared with yesterday's close, Later, the market turned active and strong on trade and speculative buying, less hedging, unfavourable weather re-paris and favourable conditions in the dry goods trade, Finally, the market closed strong on anticipation of full parity benefits for planters, with quotations ranging from 17 to 26 points up.
Wheat futures in Chicago today closed firm on mills and speculative buying, shorts covering, the definite settlement of the Government loan rate and persistent wet weather in the South-West, At the final bell, gains of 2% to 2% cents were recorded.
Text read from the printed page and cleaned; old type leaves the occasional error.