New York, May 5.
The cotton market opened with an advance of 1 to 10 points on speculative buying, but later hesitancy developed at the higher levels end prices reacted on Southern selling and realizing. Closing quotations ranged from 1 to 8 points down from Saturday's close.
Fairly active and firm conditions were early witnessed, in the market for raw rubber futures on a broad spe-curative demand, Subsequently, ruincurs of the closure of the London rubber market today imparted an uncertain tenor, while nervous liquidation end shorts selling erased early gains. At the close, new contract options ranged from 2 to 28 points down from the previous final levels.
The Chicago Wheat Pit ruled irregular today, with prices advancing moderately earlier in the day on spe-curative buying and mill demand. Later, a reaction set in on realizing and reports'of favourable weather in the wheat belt. At the final bell, quotations were from % cent down to X cent up.
New York Cotton New York Rubber May 11.73 N.—08 July 1175-76—08 Oct, 1180-81 08 11.86.87—03 1136-86—01
May 2380 N, +67 July (N.C)
2356-51—28 Sept. (N.C)
2925-25—02
1186.86 unc.
Dec. (N.C) 2085 N.—10
Sugar No. 3 N. Y, Sugar No. 4
248-50 +01 July 07914-80
B/A B/A
July 250-51 +03 Sept, 085-85!5 unc.
B/A B/A
Text read from the printed page and cleaned; old type leaves the occasional error.