Show Cotton NEW ORLEANS May 6 AP AP Cotton futures closed steady at net declines o of 4 14 points High Low Cos Close May 1180 1178 1176 1119 July 1185 1172 1172 October 1160 1148 1142 December 1166 11 1155 55 1156 January 1167 1160 1160 March 1175 1169 1169 Spot cotton closed quiet li 14 points down sales middling 1222 NEW YORK May 6 AP Cotton API-Cotton Cotton was Irregular Monday All contracts were heavy under liquidation and hedging after advances advances ad ad- vances to within 8 or 10 points of the cent 12 level The forward positions were relatively steady however because of un unfavorable unfavorable un- un favorable rains in the Mississippi valley and the action of stocks and wheat July eased from 1192 to 1179 cents or 11 points net lower while December rallied gal ral lied from 1162 to 1169 or 4 points net higher At the of the last hour the generaL central market was 11 points net lower loiter to 6 higher Futures closed barely steady 7 lo to IS 15 points lo lower er High Low Last May 1100 1174 July 1192 1175 1173 Oct 1165 1149 11 9 1150 Dec 1169 1155 1155 1153 jan 1173 1169 March 1182 1169 1169 Spot quiet 1215 cents |