The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-23
COTTON IRREGULAR
ON SMALL TRADING
Operators Inclined to Sell, FIX
pecting a Break in the
Texas Drought.
SOME RAINFALL RECORDS
Summer Moisture Seldom Able
10 offset Effects of
Poor Start.
SOME RAINFALL RECORDS

70 N,.,h Carolina. South ca rolina and
.,,-a.l nrobah NV fair to-day and to-
r,--oo. ught variable winds.
~ Alabama Mississippi and Louisiana
,.-fv cloudy to-day and to- morrow; cooler
r.,- tho coast. fresh east winds.
70 eastern Texas. generally fair to-day
49,, "a. morrow; moderate showers in north
portion.
w. Ck thorna generally fair to-day and
"a marrow: not much change In temperature
For Arkansas, generally fair to-day and
to.norrov
Tne-e was very small volume OF
trading IN cotton yesterday. The market
was irregular AID generally dull. The
undsrtone was a tri1e heavier as traders
ne-slsted IN believing that the Texas
,,r,ght stood a chance of being relieved
In -Na near future Some OF the weather
.Narrs predicted showers In Oklahoma
over night and the barometric lines
Indicated tho probability OF lower tenn
pr.,ures to-day. As a matter OF fact the
man readers' on the local exchange have
s.laorn been moro puzzled over indica-
ucns nan they have been in the last
80 dayv and almost any kind of weather
mint come out or tho mixup
n looks a. II TIM market miIht -
exhsr freely sold IN the event OF showers
IN sf,e Southwest. although there II sOnre
doubt as TO their ultimate benefit The
sfect probably would be moro senti-
mental than agricultural but owing to
IN. heaviness OF tho market on bulees
/ (, 4. believed that there Is now a fairly
l. larye long interest MS result OF buying
s,rr. the close Of last week One Arm
which had been credited with temporarily
b,arish convictions. Is estimated TO have
bought over $4,000 bales since last
Friday. and ring professionals probably
would make every effort 20 compel these
holders 10 disgorge In case Of a favorable
urn In the southwestern weather.
Viewed from the standpoint OF the effect
mon the crop showers either In Okla
homa or Texas probably would prove OF
small value. In order to figure out the
Texas crop situation 1t should he borne
m mind that the plant had an extremely
unfavorlble start. with the season even
more wet and backward than that Of
1907. II was the poor start Of seven
Years ago which ruined the crop and
furnished production OF only 2,261,OO0
bales. compared with 4.O66, 900 bales the
year previous. In July of 1907 the rain
'al. was @.N5 inches. followed by an av-
craze precipitation Of / 81 inches in Au-
gust lu the first three weeks OF July
his year the average rainfall In Texas
has been only .s2 OF an inch, and the
smallest rainfall for the whole month OF
July In any year was 90 IN 1898. II no
mportaut precipitation occurs in Texas
Neforc IN. end OF the month OF July this
year may break the drought records for
he state From the standpoint OF eli
matte conditions, therefore, the season thus
'tr In Texas Is much worse than II was II
're disastrous year OF 1907.
Some optimistic crop experts call at
.ertllu 90 good crop sections In Texas
ut last year AT this time Texas average
N.tte- than the best sections this year
Manufacturing this and the fact als'
tina, TEXAS had l.29 inches of rain durnf
July ldSt year the crop proved dlsap
polntingly small. II is believed, therefore
that with a smaller rainfall this year anC
Nth much less thrifty plant tho erol
should result IN 4 greater comparative
failure
Speculative interest In cotton Just nov
y 30 small, however. that no importan
movement is expected until later In tn
season. Sentiment at the moment II
somewhat bcarsh.
\. III