New York, June 29.
Cotton prices early declined on foreign selling and liquidation, i duced by the increased political tension in Europe. Sentiment was somewhat clouded by uncertainties over the subsidy question, combined with other Washington developments. Later, however, steadier Liverpool and Bombay cables brought about a slight rally. The market closed irregular, with quotations ruling from 3 points down to l point up, compared with the previous closing levels, The rubber market was a trading affair. Some nervous short-covering was in evidence, while factories also showed more interest, However, fluctuations were narrow, and final price changes ranged from 5 points up to 2 points down.
A substantial rally was witnessed in wheat futures on the Chicago Board of Trade today. Good cables, together with reports of fair exports and increasing tension in Europe contributed to the hardening of prices. At the final bell, gains of 1 to 1% cents were recorded, New York Cotton New York Rubber July 94141—02 Oct. 873-74 unc.
Dec. 854-94—01 Jan. 84444 401 Mar. 837-37—01 May 830-90—03
July 1635-35 +05 Sept. 1640-42 +02
Dec. 1645-45 unc. Mar. 1641-50—02
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