The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-04-28
COTTON REACTS ON
BETTER WAR NEWS
Firmness Of Liverpool Market
After Local slump Causes
Surprise.
MAY PRICES FLuCTCATE
Liquidation Subsidies, Partly by
Reason Of Improved Weather
Conditions i'm South.
NAY PRICES FLUCTCATE
Cotton Belt Forecast :.

For North Carolina, increasing cloudiness
to-day. probably showers tomorrow. eN.
oept fair near the coast, light to moderate
shifting winds.
For South Carolina, increasing cloudIness
to day; showers tomorrow light winds.
mostly south.
For Georgia. increasing cloudiness to-day
showers at night or tomorrow; light south
winds
For Alabama. thunder showers this after
room or night and probably tomorrow .
colder tomorrow. light south winds.
For Mississippi thunder showers and
cooler to-day. showers tomorrow: cooler
in east portion; light to moderate south
winds. becoming variable by tomorrow.
For Louisiana, thunder showers to-day
cooler in east and south portions. fair
tomorrow. except showers and cooler In
southeast portions: moderate shifting winds.
For eastern Texas. showers to-day; prob
ably fair tomorrow; moderate TO fresh
shifting winds on coast
For western Texas. fair to-day except
showers and cooler In the Panhandle, fair
TO morrow.
For Oklahoma. showers to-day; cooler In
vest portion; fair tomorrow
Tor Arkansas. showers to-day: cooler in
central and east portions; unsettled to-
morrow: probably showers in east portion.
There was renewed activity and de-
cided reaction In favor OF the bulls in the
cotton market yesterday, due largely To
favorable news OF the war. Another fac
tor was that the Liverpool market was
firm again under the New York slump
at the close OF last week. and news from,
Texas OF rainy weather. together with the
prospect Of more heavy rains and colder
weather for Texas and Oklahoma
strengthened the combination for the
bulls.
Local liquidation and Southern selling
completely subsidci. except in the May
option. The probability OF a large number
OF notices being issued to-day for the de-
livery of cotton on such contracts caused
further liquidation and as result May
prices huctuated. To-day Is the first DAY
that tenders are made for actual deliveries
In that crop.
The total contract cotton now here I,
about $4,000 bales and all OF IL is avail
able for deliveries on such contracts. al
though 1t is not expected that the Who'll,
stock will be turned over on the notices
issued to-day.
The market opened strong in the face %
the bull news. and was very active al
Gay. compared with recent tradings
There was an advance of IL to IA point
shortly after the opening. May went I,
1858, July 1850 and August 12.43. Th'
new crop months were also strong. octo
her and December going TO Ills and Jan
uary TO HE.
Tho early advance was followed by q
slump of from to points. which rep
resented the profit taking. Then there
was another rally. which reflected III,
rally in the stock market
There WAS a strong demand for spo
cotton in Liverpool nj a decline Of point
with middling quoted at 7.35d. Sales were
10000 bales. and receipts were 1000. al
foreign cotton.
Futures in Liverpool opened steady a;
a decline of "a to 81. points which Is
ght IN the face of our Saturdays dc
cline. Later in the session there was an.
other rally. and the market there CLOSED
AT a net decline OF only IA 10 points
for the day.