The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-12
BETTER UNDERTONE
IN COTTON MARKET
Further Advance on Covering
Induced by Higher
Temperatures.
CENSUS REPORT is NEAR
Expected That Consumption
Figures for May VIII Show
a Reduction.
CENSUS REPORT is NEAR
Cotton states Weather.

20 North Carolina and South Carolina,
,,a.r..y fair to-day and tomorrow, With
AL decided temperature change; light to
,,,t,rato winds, mostly south and south
Nest.
80 Georgia local thunder showers to-day
And probably tomorrow: light 10 moderate
,ipds mostly south.
Vor Alabama, local thunder showers to-day
and probably tomorrow. light shifting
winds
For Mississippi, partly cloudy to-day,
r-oh,biy thunder showers In southeast por-
lion. fair tomorrow; light, shifting winds
For Louisiana. fair to-day, except thunder
,houers In extreme southeast portion; fair
to.morrow. light TO moderate south winds.
For eastern Texas, generally fair to-day
and Tomorrow.
For western Texas. fair to-day. except
showers In extreme west; fair Tomorrow.
For oklahoma, fair to day and Tomorrow.
For Arkansas generally fair to-day and
tomorrow.
Cotton yesterday showed even a better
undertonc than on Wednesday and a fur
Their advance of s to points was scored.
This price Improvement came In the face
OF rather general selling and liquidation.
and ~ times offerings appeared SO heavy
that il seemed unlikely they would be alb
sorbed There was Just enough profit TAX
ing Ivy professional scalpers at the close
10 cause a recession OF to points from
the highest.
Temperatures In the Eastern and CEN
trail belts we're again far above the sea-
sonal average. with forty weather stations
In Arkansas, Louisiana, Alabama, Ten
nessee Mississippi and Georgia reporting
maximum heat Of 100 TO Ill degrees. This
can hardly help being injurious, but such
is the optimism OF the reactionist element,
III L.. laNs.. 90
buy, that early relief Is counted on through
the medium OF showers. The hot wave
Is construed as largely local. and generally
such a phenomenon Is soon terminated by
thunder storms.
IL is fashionable to describe the pr s.
ent market as purty a weather affair,
but developments recently hardly sub
stantiate this view. Generally speaking,
the prevailing conditions. with the ex-
ception OF the extreme heat. have been
favorable 10 the growing crop. and Ha-
bersham King the Georgia crop authority,
In his review for the hrst week In Juns,
published yesterday in this market. said
that the developments had been favorable
over practically the entire belt. Al the
same time the n lrket shows a stubborn
upward tendency and the hammering tao
tlcs OF the professional element failed
TO produce much impression. Is pos.
s.ble that IL IL a weather nsssket, but
the strong technical position makes II
susceptible OF advancing more on bad
weather than II will decline on good
weather..
The census report on supply and dis
,ribution, to be issued tomorrow morn
ing is expected TO make quite bearish
showing. II IL believed that at last the
curtallment that has been quietly put
INTO effect In this country will be re-
fieCted in the figures for the consumption
OF cotton by American mills during May.
Last year the consumption In May
amounted TO 100000 bales. including a.
GOO bales OF linters. This would make
ne, consumpt. on OF 1000 bales Some
OF the local authorities who make a
speciality OF foTecasting American con-
sumption are predicting that tomorrow {
report will not show over 100000 bales
exclusive OF linters.