The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-07
Shutting OFF Of German Potash
Brings Big Fertilizing
Problem.
FINANCING QUESTION TOO
Banks Here and in South Arc
Expected TO Agree on
Plan Soon.


'"' .N"rth 'aronna ava south Carolina.
generally fair to dav and tomorrow
moderate % Hight winds. mostly east
For Georgia, partly cloudy to-day. prob
ably thunder showers In south portion:
warmer In Interior; local thunder shower.
tomorrow. light to moderate shifting winds.
For Alabama, local thunder showers to-day
ana prooably tomorrow: warmer to-day In
north portion. moderate shifting Winds
f"r Mississippi local thunder shower.
today and tomorrow. moderate shifting
winds
FOR Louisiana. local thunder showers 70.
gay warmer !n west portion. partly cloudy
Z" morrow; probably thunder shower, N
east portion moderate shifting winds.
For eastern TcNas. local thunder shove.
south winds
For Arkansas generally fsir. continued
warm to day aud tomorrow.
EFFORTS arc being made iu . dozen dr.
Ie!cht directions and from various angle.
l" unraNel the tangled situation I'm cotton.
ii mo existing chaos several big prob
ieins have to lie COnsid cred among which
are the strengthening out OF the local
future contract situation. the financing OF
ts new cotton crop and some method OF
paying for II. means of ocean ttanspor,a-
ton ana other features which involve
countless details
Although the cotton trade is not con-
CcIhing itSeli over contingencies arising
rom the ncNt cotton crop the one to be-
planted ~ tho spring of ioii-the fact
was brought sternly HON. Yesterday that
II tho war should last for several ,nou,ha
II would be difficult for the South to
raise big crop next year. no matter
now much II might desire TO do so.
Nothing probably could eNempIifv moro
''e'TlN ~" ehdltss indications Of tho
present European conflict than TO show
thtt bis cotton crop next wear would he
linh"ssinle II the struggle Is 81 several
Hl"hthS duration. Moreover not only the
COTTON crop or the South but numerous
ON r crops. particularly potatoes. would
%" severely "urtailed. German, control.
th' potash supply oi the world. Tho thr.o
basic ingredient for fertilizers ara MOS.
phrric acid. anlmoniatcs OF nitratcs and
potash. The only source Of SUNNY FOR
potash aside from that obtained lu Ger
many Is Canadian wood ashes and this
never gets further south than northern
New York and New England
Fertilizer companies are tremendously
concerned over the situation They are
selling no fertilizer and are ordering
factory superlnteudcnts to take account
Of stocks of potash and even fertilizer,
'pniPining fair proportion Of potash
salts. u is safe to say that every fer
'l'iSfi Hfhk Nt'ispU VIII 40 out VERY tuuC
reduced IN potash. Tn" officials of one
of the big fertilizer concerns said vcs-
to-day to TIVE SUN. where A particular
brand of fertilizer has had as much as
y per cent of potash II probably will he
reduced TO per cent Cotton of cours.
will have to suffer. The average for
mula for cotton contains only or per
cent. of potash. but even this will be
greatly reduced"
One siIrurisInr deyoionnep. Ca H. 81
fort now being made to induce Liverpool
TO retuce its straddle commitments came
yesterday. The board OF managers %
the Cotton Exchange passed a resolution
on "wednesday advising against the pay
nent of profits on open trades This
had for its purpose the effort to force
Liverpool to liquidate its straddles, which
Involved heavy short commitments I'm New
York. Several Liverpool cables received
yesterday stated that il would be i'm
possible TO close these straddlos as they
we're for continental account n il be-
loved, however. that Liverpool holds more
or these straddlts than II is willing TO
admit, and the New York Cotton Ex-
change. while bringing up the question in
he most friendly manner. takes the
ground that Liverpool should help in re
eving the strained situation throughout
the cotton world by closing commitments
before demanding profits
southern bankers cooperating with
New York bankers and members OF the
Federal Reserve Board here are working
% devise some plan for financing the cot
on crop II is believed by Southern ship
Ders that the South will have TO sacrifice
It least part of its early cotton. simply
Deca use the need FOR cash will precede
he perfection OF any organized financial
Ian. The so-called thirty bale farmre."
who owes money 10 his country merchant,