The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-27
COTTON UP DESPITE
TENDERS FOR $4,000
Leading Spot Houses Purchase
1alr, Showing Disposition
% Hold Spots.
HEAT COMPLAINTS AGAIN
Little Rain in Southeast; Poor
OutlocN for Moisture,
Say Bulls.
gEAT COMPLAINTS AGAIN
rn;,nn Sinie. MtRtNer.

p, Ncr,h Carolina. South Carolina and
G,,-sl, local thunder showers to-day and
,,ob,h.y tomorrow; light to moderate shift
las winds
ror Alabama fair In north, local thunder
showers IN south portion to-day: local
tsunl,r showers tomorrow; light TO mod.
rate shifting wind.
For Mississippi and Louisiana. generally
fair and continued warm to-day and prob
,hy tomorrow. light south winds
For eastern Texas fair, continued warm
t,.d,y. FAIR and not quite 80 warm In north
rest portion tomorrow: light to moderate
south winds on the coast.
For western Texas generally fair to-day
ard tomorrow. somewhat cooler to-day In
IN. Panhandle
For oklahoma. fair. continued warm to-
day. tal- 70 morrow; not quite SO warm.
For Arkansas, fair. continued warm to-
DAY and probably tomorrow.
Holders az contracts were greatly en-
outraged Yesterday because of the obvious
buying for the account OF leading spot
concerns This demand. however. was
confined 10 the near positions. There
we're tenders for $4,000 bales OF July. The
effect Of these notices was small con-
cess!ons just at the opening of the mar
keL bu, those who were forced to liqui-
date found ready buyers 1t was gem
orally conceded that spot people were
no, anxious to lose control Of the local
spo, situation. but on the other hand too
much significance was apparently at
,sched to the absorption of summer
months, as distant deliveries were sold in
equal volume.
Nevertheless, offerings were restricted
-. of hA IL
cessant complaints from the East owing
70 the dry. hot weather were the cause
for increased apprehension. Several au-
thor!ties argued that no actual deteriora-
ton was taking place. although II waa
admitted tina, subsoil moisture was be-
Ing sapptd rapidly by the excessive heat.
Many stations reported temperatures OF
over 100 degrees aud comparatively ttW
POINTS IN the Carolinas and Georgia r0-
csiyed cousequ initial showers Accord.
.ng to private predictions no important
ra.niau was imminent and the outloo'i
was not particularly favorable Tor the
dissipation Of the heat wave.
The feeling in the trade is still very
much mixed. During the day there ap-
reared 10 he selling for interests whh
we're not inclined to have extensive conf
mltments over the Government report
which is scheduled for next Wednesday.
IN line with this conservative disposition
assertions were made that " would he
difficult to arouse much bullish en-
'husiasm In course OF 'he next several
DAYS unless the dissatisfaction expressed
from Southern points became more pro-
rounced Cordill wired that the East
would require general rains next week
The relative frmness NJ the New Or
'eans marke, attracted great deal of
attention. II WAS first notice day also
a, that centre. but only 5000 bales were
delivered on contract. and these tenders
were readily Stopped. presumably nv q
Philadelphia spot house, In the southern
market operators bullishly inclined were
Internationally bidding for larg" blocks
~ cotton. These tactics were regarded
nv some as superficial and seasHtiona
rather han convincing. The statis'iH'
from, New Orleans occasloned scattered
pror, taking for time. but In the
ori the insistent demand for ;he neal
months dominated.
Sninners' takings for the week totalec
only iSo, ono bales. ms against 10000
ana with the into sight movemea. slightly
in excess OF last year the visible supply
81 cotton decreased $4,000 Dales. rs
against n reduction OF $4,000 for ;h'
corresponding week In 1918.
N'urcs closed steady, . to ~ points mp