The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-05-12
Failure to Respond to Liver
pools Strength Disap-
points Local Bulls.
WEATHER Is FAVORABLE
Expected That Weekly Report
From Washington Will
Make Good Showing.


ror North Carolina. fair to-day. partly
.,oydv and cooler, probably showers to-mor-
NV moderate south winds. becoming var
iate
,o.morrow moderate south winds
ror Georgia. fair to-day; partly cloudy
,o.morrow. proba bly, showers and cooler in
.o-th portion; moderate south winds
For Alabama. Mississippi and Louisiana.
,,lr to-day. unsettled and cooler; probably
shovsrs tomorrow: moderate south winds.
ror eastern Texas. cloudy to-day: prob
ANY local showers and cooler In the interior: :
.bovers and cooler tomorrow; fresh south
Winds
For western Texas. fair to-day; cooler In
.or,h portion fair tomorrow
For Oklahoma. partly cloudy and much
cooler to-day; probably fair tomorrow.
Fer Arkansas. cloudy and much cooler,
With probably showers to-day; cloudy to-
morrow
Yesterdays cotton market was quite
heavy In tone. and although the net
change for the day was trivial. the failure
Of prices to advance proved something
Of disappointment and surprise to many
traders. Liverpool, as has been usual
rrcen,ly, showed rather impressive
strength. Spot sales were $4,000 bales
II q decline of only points. and fu-
lures which were due TO come to .
points lower. were about 1 point lower
70 Q points higher.
Notwithstanding this, however. the local
market, after opening At an advance OF
to Z points. turned easier and closed
around the ANAL prices Of Saturday. The
weather undoubtedly was the chief in
huence in bringing about the pressure.
The market was n very small one. and
trading was chiefly professional. The
poor response to Liverpool. however,
caused some liquidation OF July and new
crop months The favorable weather map
induced some short selling and lquida-
ton
There has been no rain OF consequence
during tho last four or fvc days. and
the weekly weather report to-day Is eN-
pected to make a favorable SHOWING
The last report Of the Weather Bureau
stated that dry weather WAS needed in
Texas and rain would be beneficial In
portions of the Eastern belt. There
has been no rain in Texas. and IN,
needed showers have visited the caro-
linss. Georgia and parts Of Alabama.
Habersham King. the Georgia cottor
crop authority. who bases his conclusions
regarding crop conditions almost entirely
on the official weather reports. stated INA
the developments for the first week In May
mad been tdNOrdDlc As 10 w per 'ei''' "
the belt and unfavorable only as TO Ar
Kansas. Tennessee and parts of Louisiana
and Mississippi.
Tho steadiness OF Liverpool merely EN-
rhasizes the strength OF the old crop posi-
'lon. \ private cable from Liverpool stated
that a close examination OF the stock o.
cotton al that point disclosed the fact ina
there were about 100000 bales that were
not t.udcrahlo on contract Whether this
Is true or not. the large amount OF un
n,cicnautsh'e cotton in the present crop Is
a factor In causing steadiness in the OLE
crop months IL looks Az II every
old crop option in Liverpool woul'
move IN sharply before expiration. or "A
least come nearer TO the price Of middlin'
m that market, The spot month naturalll
cannot sell too much below the middlini
spot quotation. As,to whether this mean
higher prices for tho old crop months II
the New York market or merely widen
ing Of differences between the summe
positions In the two markets is largely
matter Of the technical position and the at
titude OF the leading market interests
Futures closed barely steady. unchange'
10 one point higher.