The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-05-13
Strength Of Near Positions in
Liverpool a Big Factor
i'm the Advance.
WEATHER ALSO Is WORSE
More Rains i'm the Southwest,
With Predictions for Lower
Temperatures.


ro- North carolina. South Carolina and
. r,crsn. partly cloudy and cooler to-day:
,.,r tomorrow. moderate, variable winds.
becom,ng west
Foe Florida partly cloudy to-day and to-
marrow. cooler In north portion. moderate.
variable Winds
yor Alabama. Mississippi and Louisiana.
s,r,ly cloudy and cooler to-day. fair to-
norroN fresh north winds.
FOR eastern Texas. cloudy to-day: proba-
,y showers aud cooler IN south portion;
nlr tomorrow. with rising temperature.
fresh north winds.
For western Texas. generally fair o-day
and tomorrow; rising temperature.
For oklahoma. fair and rising tempers-
sure to-day and tomorrow.
For Arkansas, partly cloudy to-day. fair
and rising temperature tomorrow.
For Tennessee aud Kentucky. cloudy and
cooler to-day. fair and rising temperature
Tomorrow.
Cotton took a sharp upward turn yes
erday and closed II to 90 points higher.
with old crops leading the advance, al
though the distant positions at all times
we're steady. There was moderate
. amount of covering. but 1t looked AS II
fresh buying had entered after the UNI
favorable weather forecasts were pub
Ushed. The undertone at the close was
Arm. with quite furry among local
shorts
Although the weather continues to be a
factor OF importance the strength of the
technical position is a primary influence.
For some time past Liverpool has shown
an upward tendency. British spinners haN e
aad difficulty IN fiNing the price on call"
cotton except ON an advancing scale. The
nddling spot quotation yesterday WAS
,s7d. and at that time May-Junc was
bout 20 points lower. There are believed
o be heavy commitments based on July
August and when spinners begin calling
their midsummer supplies this option also
. expected to advance sharply to get
loser TO a basis with the middling price.
In fact. Il looks as il every old crop
posiion in the Liverpool market would be
forced upward as a result OF trade buy
ing
II seems hardly natural that the New
York market for old crop months should
lag 10 such an extent that differences
would become abnormaly wide. For this
reason il is believed that old crop months
IN the local market will show marked
strength whether the weather is good or
bad.
The weekly weather report yesterday
was less favorable than expected. Th'
report stated that favorable conditions
had prevailed, but some stress was lait
, upon the point that Texas still needed 4
long period of warm sunshiny weather II
order 10 recover from the effects of the
recent damaging rains. The weather oven
the South was somewhat unsettled. par
,cularlv in Arkansas oklahoma and
north Texas The forecast called Tor
unsettled conditions and there were pre-
dictions of frost in the northern parts o'
Oklahoma and Arkansas. II Is not he
leved that these frosts will do any
damage to cotton aside from the fact tha'
low temperatures are likely TO chill tn,
ground and interfere with satisfactory
termination. particularly II they Shout
be followed by cold rains, as seems likely
Advc,s from Texas report conditions
critical in the eastern. central ana north'
ern parts Of that State. with the ian'
badly washed and a large area due foi
rerlant'ng
Futures closed firm, Il to 90 points