New York, June 12, Steady conditions prevailed at the opening of the cotton market today, with initial quotations ruling from I to 8 points up, compared with yesterday's close, The market early advanced on trade buying and shorts covering, but later reacted on profit-taking. Subsequently, prices further slipped on reports of rains in the drought sections and the market finally closed easy on persistent realizing, with losses of 6 to 10 points recorded, Prices in the market for raw rubber futures finished easier, with nears under pressure of speculative liquidation, less factory interest and profit taking. At the last call-over, losses of 7 to 28 points were registered, Wheat futures in Chicago declined on clearing weather, heavy receipts, liquidation and' hedge-selling, At the final bell, losses of % to cent were recorded.
New York Cotton New York Rubber July 1372-73 09 July Oct. 1391-81—06 Sept. Dec. 1402-08—08 Jan. 14004—06 Dec. Mar. 1406-0—0 Mar. May 1407-07—03
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