The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-19
COTTON Is NARROW
BUT HOLDS STEADY
Market Rcsists Selling That Is
Based on Favorable Crop
Accounts.
SOME ACREAGE REDUCTION
4 Falling OFF of 13 Per Cent.
in the Cotton. Area Of
Oklahoma.
SOME ACREAGE REDUCTION
Cotton States Weather.

Iur Nnrtn carolina tnoWeFs lp-uAE anu
e-obaby tomorrow: somewhat warmer to-
s,y In the interior. light to moderate winds,
mostly east
FOR South Carolina and Georgia. showers
"a day and probably tomorrow: somewhat
warner to-day In the interior, ight to
moderate shifting winds.
vor Alabama, local thunder showers to-
ssy: warmer IN the Interior; probably fair
10 morrow, light to moderate shifting winds.
For Mississippi. generally fair to-day. ex-
cent thunder showers In southeast and es-
IRENE south portion. somewhat warmer.
probably fair to-day; light to moderate
south Winds
For Louisiana. fair to-day. except thunder
showers In southeast portion: probably fair
20 morrow: lisht to moderate south winds.
For rcNss. fair to-day ana tomorrow;
moderate southeast to south winds on the
ccas'
FOR oklahoma, fair and continued warm
to-day aud tomorrow.
for Arkansas. fair to-day and probably to
marrow, without decided temperature
change
With the exception OF periods of ir-
regularity. cotton showed n remarkably
s.eady undertone yesterday. especially
phen one considers the bearlsh character
Of the news on crop ane trade conditions.
There Was quite furry of liquidation
IN the first hour, with Liverpool and New
orleans selling here and local profess
SIGNALS hammering freely In an effort TO
uncover stop loss orders The break at
one time carried prices to 10 points I'M
der Wednesdays closing, but final prices
shovud only "A triiing loss for tho day.
Ideally perfect weather conditions, with
good showers In the eastern belt and
Gearing weather in the West, furnished
the best weather map of the season. Tho
drought In the eastern belt appears to have
been broken with the exception OF a rev
isolated and unimportant drought areas.
Yahershsm King the Georgia crop au-
thority. stated that the developments for
the second week in June were Favorable
over practically the entire belt.
Very gloomy news accounts OF condi-
lions in the European textile trade were
expressed by Sir Charles w. NIAGARA,
president OF the international Cotton
spnners Committee, which has been hold
Ing A session at Paris. Macsra's de-
scrlption OF conditions, however. is &C
cepted with n grain OF salt. as his voice
has frequently been lifted before when
Europe has failed TO get low priced raw
material with a shortage or cotton and
high prices staring tho trade In tho face
At any rate 1t looks as II present cron
accounts had reached what Theodore IL
Price used to call the "apogee OF perfec'
ton" In other words. crop accounts, SC
far as the Eastern belt Is concerned. car
hardly get any better. and the psychology
cal effect OF beneficial showers and good
growing weather has worn off.
II Is probable that some OF the Iona
pull bills have had a hand In giving sup
port during this favorable period. but they
take the stand that It Is possible to ac-
emulate n limo OF cotton when crop ac-
counts are good end they might have &c
climb for IL IL they waited until bad
weather set In and prices began soaring
again
report OF the Oklahoma State Board oi
Agriculture placing the reduction in cot
ton acreage in that State at 10 per cent
below last year. This report was ISSUED
early IN the month, but had not become
public IN this market, one reason for the
oklahoma cotton crop reduction Is inter
esting. Very frequently In the fall good
deal OF land is sown in wheat with view
10 making pasturage for the cattle In tbs
winter and early spring. This land Is
usually broken UP and planted TO cottor
after the cattle have grazed on II during
the winter and spring. This season. how
ever the outlook for making a wheat cror
on this land was SO encouraging that Il
was left in wheat and a good deal OF cot
ton acreage therefore. was lost At an,
rate IN $ Ia true In the case OF western
oklahoma, while IN eastern Oklahoma 9
great deal OF cotton acreage has been in
voluntarily abandoned owing to baC
weather.