The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-26
CLAFLIN FAILURE
DISTURBS COTTON
For a Period High Tempera-
lures in the South Were
Offsetting.
VARIED ACREAGE REPORTS
Fairly Liberal Tenders Are Elk
pccted To-day on July
Contracts.
VARIED ACREAGE REPORTS
Cotton States weat her.

For S0rth Carolina, local thunder showers
to-day and probably tomorrow; continued
warm iisht 20 moderate shifting winds
For South Carolina. local thunder showers
10 day. generally fair and continued warm
tomorrow light to moderate shifting winds
For Georgia. local thunder showers to-day:
TAR IN north thunder showers In south and
continued warm tomorrow: light to mod
crate shifting winds.
For Alabama, local thunder showers to-
day generally fair tomorrow; light 10 mod /.
crate shifting winds.
For Mississippi generally fair to-day and
tomorrow; light shifting winds.
FOR louisiana fair to-day ana to morrow
continued warm. light to moderate south
Wind,
For Texas fair to-day and Tomorrow:
ush, TO moderate southeast to south winds
on tbs coast.
For oklahoma fair. continued warm "a.
day and probably Tomorrow
For Arkausas fair. continued warm to-day
and tomorrow.
Ths cotton market was called upon TO
cope with unusual and conflicting innu-
enees yesterday. Chief among these was
the embarrassment OF the Clafin corpo.
ration. which absorbed the attention. the
news permeating every business district
In the country and abroad. For time
cotton values withstood the pessimistic
feeling caused by the mercantile disturb
ance and prices ruled from to 10 points
net higher. These gains were based al
most entirely on bull support In reflection
Of continued hot weather in the South
west, and before the close OF the session
the list sagged. with early gains obllter-
s,ed.
There was evidence of commitments be-
ms evened up. To-day is first tender day
for july delivery, and while opinions vary
the general impression is that the notices
will amount to approximately 50, 600
bales. spot concerns were identified on
the buying side OF the near months but
In line with their recent operations far
Of positions were sold. Relative heavi-
ness Of the July during the last several
days would suggest that many long ac-
counts have been thrown over, not 10
mention the extensive liquidation that oc-
Cured since the issuance OF the last bu-
reau report.
Another factor leading to curtailment
OF outside commitments is the uncertainty
over the next Government report to he
given out on July /. Yesterdays news did
not clarity the situation In this respect
The Journal OF Commerce reported that
while conditions In Texas and Oklahoma
had improved the showing was still con-
sderab'y below that at this date last
year and the area had suffered a reduc-
ton. The Turner Bureau estimated the
condition OF the plant at rs, against 756
month ago and Sl.3 last year. with the
area placed at ID under the acreage OF
1918.
In contrast the Financial Chronicle is
sued a surprising statement. placing the
acreage this season at 39.t7S 900, a gain
OF 2.3i per cent over last year These
hEuges are new record for cotton land
The consensus of opinion in local quar-
tiers was that the official estimate will
not indicate any increment in area.
The advices from Liverpool were an
aid TO the bulls for time. Cables were
shade better than due. Some British
trade authorities were inclined to look
for betterment OF conditions at Man
CHESTER. Such predictions were based
partly on the advices stating that the
prospects OF the monsoon were more
favorable. European orders In the local
market were on both sides yesterday.
Futures closed steady, 3 to s points
lower