The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-15
BEARS AGGRESSIVE
IN COTTON MARKET
Moderately Bullish Census Re-
port Fails to Stimu-
late Buying.
DRY AND HOT IN TEXAS
Favorable Advices, However,
Are Being Received From
the Eastern Belt.
DRY AND HOT IN TEXAS


var virginia. North Carolins. South caro-
INA and Georgia, local thunder showers
,,ssy and probably tomorrow; moderate
winds.
ro- Florida, local thunder showers 10 day
And tomorrow; light to moderate variable
winds
ro- Alabama local thunder showers to-
Az. Marty cloudy tomorrow. probably
,b,csrs on the coast; moderate variable
srfs
For Mississippi and Louisiana, partly cloudy
10 day ana tn. morrow: probably showers on
N. coast. light to moderate south winds.
For Texas generally fair to-day and to-
morrow. moderate south winds.
For Tennessee partly cloudy to-day prob
,b,v thunder showers IN east portion; fair
tomorrow.
Cotton was weak and lower yesterday,
notwithstanding moderately hullish re-
nor, from the Census Bureau on the supply
and distribution Of cotton for Juno and
N. prevalence OF drought and high tenn
psrstures In portions OF the Southwest
Although there was moderate rally
shortly before tfre close tho undertone
during most 81 tho day was heavy and
besrs wero more than urually aggressive
The census report placed consumption
~ American Aills during June ~ AS
~ bales compared with $4,000 IN June
Inst year This gain over last year was
something OF n surprise an tho May
report showed falling OF compared with
last season Total consumption for the
ten months ended Juno 30 was placed
a. I745.o0o bales. against t.5ss0oO last
year The number of active spindles was
given as 30,95s,9 600. against 30.046, 600
,ar year. Stock OF cotton In manufac-
turing establishments was placed at 1,l54,-
900, against 100000 last year.
Although the trade had been figuring
on a showing OF about 49,. 900 bales,
there was heavy selling on the report,
ard Il looked rs II plans had been made
FOR a concerted raid on prices and that
cotton was sold regardless of what the
figures showed The market opened up
a few points upon the issuance OF the
census report, but broke sharply, about
10 70 10 points on general local selling.
Liverpool later turned easier and sent
selling orders here New Orleans on the
other hand, was a moderate buyer here.
The weekly weather report read quite
favorshy on tho States In the Eastern
belt and said that cotton generally had
made satisfactory growth The only ex-
cept on for the Eastern belt was Mlssis-
sppi where drought was said TO he in
furious I'm one section. while others were
suffering from the raVdgcs Of the boil
wec'il The report also read more ia
vorlhly than expected regarding Texa,
and Oklahoma and the statement was
made that while cotton vas In need OF
"a tho carly planted cotton was doing
fairly well, although the late planted was
suffering for lack OF moisture.
The ,'fd" beginning to regard Texas
- being .u critical condition just now
II good rains come anxiety will he al
larcd for a time, but a continuance OF the
present drought and high temperatures
would nNict severe injury on the cror
in the state, particularly the young cotton
There is a growing bear sentiment or
The exchange at present and four or hv'
influential firms are predicting an cXtcn
sv. decline. Most of these interests wer,
very bulish at higher prices. but hav,
become discouraged and dumped over theil
holdings. owing to the improved crop out
look and the failure OF the market 10 dis
PLAY more huoyancy.
Futures closed steady. to 7 point,