The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-18
DROUGHT IN TEXAS
SENDS COTTON UP
Fears Of Severe Damage Unless
General Rains Come in
Few Days.
pIyNERS AND SHORT TIME
Got Believed Curtailment in
Lancashire Will BE Put
Into Effect.
pIyNERS AND SHORT TIME


.~--.A carolina. local thunder showers
,.i.y probably Fair tomorrow. fresh
,,s,npss' v'-''
-, ,s.a!e- showers to-day and to-
....,r moderate variable winds.
e. A,ae,raa and Mississippi local thun-
IL. ,,oas-. day sni probably tomorrow;
--.s.ra'. variable winds
%. tension. parity cloudy to-day ana
,.-o-.,s o.. '-ss~ south Ulods
p. .,s.a-- -ANas parity CLOUDY to-day,
/ s.,. .-... showers ami not quite 30
am be- -a-'n portion, fair to-morro"
.,,h s-l'r v'ais
e.. o..,s-, rexa, partly cloudy to-day
..,,,,, local showers in extreme vsst
,,.,,on 'a.r tomorrow
p, Oklahoma proeAely fair to-day and
", k-k.n.as partly cloudy to-day; fair
,o.mor-or
ro.,o- we vs-,. irregular yesterday.
SO, ~. u-Asr,ore was better and prices
"A. = recovery ~ about - points over
rsu-sday's c.os.ng The Giles report fur
.,sh,a me bears with rather unpleas-
ant sunrise. by reporting deterioration
a, 2 OF | point since the end OF June
,,.smuch as cotton people generally have
hem quite sure Of an improvement during
,hs hrs, half OF July the figures gave
ann. q, the shorts a rather rude Jolt. An
| o.h.r Influence ~ bearish character was
Furnished by cabled reports 20 the effect
,ha; British sp!nners had decided TO cur
.,u her operations the equivalent OF
one week for each month for the next
,,re4 months Fears o. damage from
5-ough, ard 10, winds, however. furnished
me chief Incentive for the buying move
.s..l laa hos
txures Of ,he day. Unless Texas gets
airs or some Indications OF early relief
Nv Monday morning II seems probable
,1a. general buying movement VIII
| ,sk, place early in the coming week.
There i some disposition to critcise
| n, Giles report. inasmuch as Il IS so far
l out o. line with the adVices received
throughout the trade Cotton people are
quit. V.lnrg to admit that the Govern
nent report on July rs may show some
ds,s-o-at.on. hut they feel that this will
-4sul, from deterioration that has oc-
| CURED after the middle Of the month.
n. strange feature ~ the Giles report
lav IN the fact that 1t credited Alaoama
WITH a falling Of Of points, which placed
N. state o points below Georgia. Prac-
.ca,ly ever cotton man familiar with
conditions IN the south believes that Ma
Aama has the highest percentage cond. =
Tso-ga may Ne a close second
m N. other hand the report gave an
,---oyen,ent for Texas and Oklahoma
ron q. which states are now suffering
'r-, the effects ~ drought
I'm. concerted short time movement or
80 English sp,rne-s has quite few ele-
--s-,s ~ absurd!ty about H. especially
.,.,zt4e publicity given 20 the tentative
,,,.As ~ the movement. The cables IN
re- fsrA indicated that the short tire
rovsr.sr, had been definitely adopted.
Sg,r e not me case. however. The com
-..,As II the Federation Of Master spin
-4-s rere.y passed a resolution agree
uz % submit the question To ballot by
'Ns Ird.v 'ua primers, and y there ar"
| s,,ep;arces amounting To So per cent,
- cur'a!'rent plan will be pu, 81 t0
.-ec, l. seems absolutely unlikely, how
ever IA, as much as so per cent. OF the
srl-re-S Will i0in IN the movement. and
,he rlsr probably will he abandoned
At any rate, he English sp!nners arc the
only on-s favoring the step. FOR the
G~-rlr splnners could get only between
81 and a per cent. Of the acceptances
ard 10 attempt AZ organized short time
-~.'l b. made by them
re week end fgures We're wthou,
effect. The New York Cotton Exchange
made The INTO : ght for the week 1881
ta'es against 35.sis last year. For the
teason 50 FAR l43sj.175 bales against
bfsss3s last year New York figures
made sp'n7srs' takinrs l25.S33 bales
ssainst 1919 last year. Decrease In
American visible for the week 1868
aEains- lS7.4e0 last year
Everything hinges on the weather ir
ere southwest, and curtailment or no cur,
tlmen' there e likely 20 he a stamped,
among shorts unless the Southwest gets
vars within few days
Futures closed steady, rs 20 80 point.
VI