The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-24
COTTON STRONGER
ON DROUGHT NEWS
showers in Texas Reported to
Be Generally Light
and Local.
injury TO CORN CROP
Damage to Coarse Grain Often q
Forerunner to Shortage
in Cotton.
INJURY TO CORN CROP
Cotton states weather.

yo- <orth carolina. fair to-day and to-
marrow. moderate south and west winds.
ror south Carolina and Georgia, generally
ar today and tomorrow; liEht variable
VIVID.
vor Alabama. Mississippi and Louisiana
met. cloudy to-day and tomorrow. prob
atf, stoVcrs near coast. southeast winds.
Pc eastern Texas. generally fair to- day
.r4 tomorrow. moderate south winds
r.r western Texas. probably fair to-day
ana 90 morrow
ror Oklahoma and Arkansas. generally
, fair to-day and so morrow.
Chiffon showed another one OF it's pecu-
In changes Of tone yesterday. and out
O, the confusing irregularity emerged an
active market with a firm undertone.
The orening Vas marked by temporary
define caused nv reports of showers In
various parts OF eastern. northern and
southeastern Texas II was also thought
that more general precipitation would fol-
low TIE Western belt forecast. however.
som dlspered these hopee on predicting
r.n.ralIy fair weather, with the exception
" showers along mo coast of east Texas
today.
Tho heref tnat cne rstnfail had been
.sht and local and without effect In
breathing tns drought, combined with the
view thar no moro rain was to he OK
pec,-d In Texas for tho present put
hhorts IN the anxious seat Detailed
weather reports showed thirteen stations
IN Texas with temperatures ranging from
100 10 los degrees. In Oklahoma twenty
stations reported 100 10 los degrees. Yes
,.rday was the twelfth day Of excessive
heat in Oklahoma and crops are begin
ming 20 show the effects II was pointed
OUT that the corn crop OF Oklahoma has
been literally fired" by the extreme heat
and drought. and cotton will be the next
10 60 This is the usual procession in
Southwestern crop fsilures-corn first and
hen cotton Last year, when the Okla
ioma corn crop went 70 pieces. cotton
traders. to their sorrow. ignored IL. Cot
ion later advanced about 300 points, and
me cue TO the market was furnished by
The damage 30 the Southwestern corn
crop.
Thus far there has been very little de-
maud from spinuers The buying basis
the premium for certain grades ana ship
| ments over futures-ha4s dropped about
| ~ points in the last week. II Is not
likely To go lower. as shippers would be
'al,ur a great risk on the weather Thi.
deferred demand. II is believed. will lay
| he basis for strong and active market
| later on The course of the market, how
ever depends almost entirely on the char
s-sr ~ the weather IN Texas and Okla
hor1t in the next week or ten days.
There was rumOr in circulation II
| the effect that the National Ginners A.
| soc.I'ou would make the condition oil
| the crop for the end Of July about sos
| This would be over the ten year average
which IS SO II the Government, SHOULD
4 rl' GU, such a figure II might receive
| temporarily besrish construction. but 4
| would produce no permanent depression
| N long As the weather remains dry anC
| ho' IN the Southwest.
The market showed a good underton
n The last hour. and the close wa
around the hest prices Of the day.