New York, May 9, The cotton market opened steady, with quotations ruling from. unchanged to 6 points up. Subsequently, the. market forged further ahead, carrying quotations to new seasonal highs, on general buying, influenced by reports of good textile sales and the request of the Commodity Credit Corporation for an additional $1,000,000,- 000 to meet higher parity loan costs. The Government warning issued yesterday regarding excessive speculation was ignored by traders. At the close, quotations ranged from 18 to 26 points up from-íhe previous final levels.
The rubber market ruled fairly acive and steady today, with prices rising moderately on good demand for physicals and improved speculative buying. At the last call-over, gains from 15 to 25 points were recorded.
Firm conditions were witnessed in the Chicago Wheat Pit, with prices touching new seasonal high ground, influenced by Eastern and mills buying and the report that the Commodity Credit corporation has requested an additional $1,000,000,000 to defray high loan payments. At the final bell, gains from 1% to 1% cents were registered.
New York Cotton New York Rubber May 1235 N. +06 July 2397-97 +21 July 1235-08 +25 Sept. 2950-50 +15 Oct 1250.72 +23 Dec, 2918.19 +23 Dec, 1251-53 +18 Mar. 2235 №. +25 Jan. 1250-50 +18 Mar 1258-54 +19
N. Y. Sugar No. 3 N. Y. Sugar No.
Text read from the printed page and cleaned; old type leaves the occasional error.