New York, May 15. The cotton market early slumped on speculative and foreign selling, substantially lower Liverpool and Bombay cables and aggressive liquidation, Later, prices partially rallied on some trade buying and shorts covering at the decline, Finally, the market again reacted on realizing and spot house and stop-loss selling and closed weak, with quotations ranging from 23 to 26 points down.
Prices in the rubber market today early slipped on outside liquidation, easier cables and profit taking. Later, the market further eased on mixed routine trading, switching and the possibility of the removal öf quota restrictions. At the close, quotations ranged from 12 to 47 points down.
Wheat futures in Chicago today again finished with maximum losses on the weakness of Winnipeg advices, heavy aggressive liquidation and distress selling, uncertainty over the Italian situation and the lack of export demand, At the final bell, losses of 10 points were recorded.
New York Cotton New York Rubber May 962-83—26 July 930-30 Juy (NE)
94141—23 July 2228-99—2 9.0 Sept. 2090-2 15 ec. 20.05-10—45 Ge) Jan. 1990 N. 47 887-87—24 t ds Jan. (N.C)
331-81—25
Mar, (Ni sun
Text read from the printed page and cleaned; old type leaves the occasional error.