The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-08
PELL COTTON TO BE-
SOLD TO SYNDICATE
Court Grants Order Despite OBJ
jections on Part Of
Receivers.
NO EXPORTS TO GERMANY
There war a great deal Of satisfaction

There war great deal OF satisfaction
IN cotton circles yesterday rs a result
of the news that Judge Mayer IN tho
United States court had granted the or
der for tho sale Of tho unliquidatcd cot
ton contracts OF Pcll 4 Co.. under the
corporation syndlcatc arrangement. This
ncws came after q report had been in
circulation to the effect that tho hearing
had been postponed owing to the objec-
lions on the part OF some Of the receiv-
ers. The court. however 4 was said,
considered the matter Of such importance
that the hearing was held. with the result
stated.
The clears tho way for tho opening
OF the Cotton Exchange possibly by No
Vemoor is. 10 far "a IL known there IL
no obstacle 10 prevent a resumption Of
trading by that date, or at least In the
same week signatures 20 the various
agreements included in the orporation
syndicate plan have been obtained from
all members except few OF tho floor
brokers and such partners OF firms as
have been out OF the city.
II does not look ~ II Germany would
be able to import cotton from America,
at least for a considerable time one Of
the officials OF large Insurance broker
age firm Ia authority for the statement
that no insurance has been taken out on
shipments OF cotton To Germany. This
not because cotton IL contraband OF war
but because the risk OF shipments IL 40
great on account OF mines.
Berlin adv!ces 20 the Department Of
State at Washington announce that the
supply OF cotton is about sold out iu
bremen. Small quantities Of good mid
ding are being quoted st 1882 cents a
pound, compared with II $50 cents
month previous \ price Of 1907 cents
IL offered for new crop. At Hamburg
spot cotton Ia quoted nj 19.i32 cents. with
1882 offered for later delivery. A. Stutt-
CART and Munich the price 10 2lj9l cents
pound at MagdehurE. ih.5+6 cents
CoburR. l2 955 to 1903 cents for cotton
coming by way Of Genoa or Swedish
ports at Cologne, 16S41 cents delivered
at Cologne at Dresden. l6.l93 cents, this
being the quotation on October II In
Lcipsic prices ranged from 1925 20 231oe
cents pound. free Le'psic. according 90
quality. The above information comes
from the American Embassy a. Berlin
under date OF November 3
II IL understood that the Russian Gov
eminent has opened large credit here
with an international banking house FOR
the purpose Of financing purchases %
American cotton.
Fail River print cloth sales FOR me week
amounted 10 2Go 900 pieces. against so 600
pieces last year Prices ar" shade
higher and contracts are being made eN-
tending through the first six months ~
19l5
The Dallas Netos has -he following N
say regarding the recent law enacted IN
South Carolina calling FOR compulsory
reduction Of tho cotton acreage next
seaso
THE spirit ~ freedom ahides b'r li.'le
in South Carolina manifcstly The man
= 49, .FN -.
of freedom would inA''tclv prefer all
the evils and distress which the imaEina-
ton could attribute 20 the ovcrproduc-
ion ~ cotton 20 the loss or hts liberty
10 determine 20 what ends he shall dcdi- .
cato his own labor Even though this /
enactment should have no practical con- I
we imagine q Will hnvN
presence on the statute books /
OF South Carolina will sffront every
citizen OF that Stats who knows tho
meaning Of freedom and II worthy 81 -
boon.
There can Ne ltt'n hazard in pre-
'ictinE that ths Stature viii ~ null .
rt-'. Tts economic folly would make n
~ ~ there were no better reason But
there IS n better one I'm tho fact that .
Il proceeds from a declaration that =
false. II IL not a crime IN South Caro-
Ina or anywhere elYs IN this country 20 .
put more than third Of one's acreage
IN cotton, nor VIII thar act over become
a crime. The affirmation Of no Legislative .
body can make u so The words he /
enacted exercise no magic that can In
Sill the sense % crim'nall'y N men FOR
doing that which their minds and con
sciences approve. FveD ~ his statute .
could Ire enforced--and = cannot be-
rr1m!nallty would Sill not he proved
II would prove only that We have CON
iured UP n despotsm IN this country and .
-iothed II IN the habilimen's ~ dnmoc-
rpcv"