The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-24
COTTON BREAKS ON
new WAR ANXIETY
General Liquidation on Fear Of
complications Over Mari
jme Operations.
xrW CONTRACT D

AVER an opening which was fairly
.,..dy the cotton market yesterday
,,o,s sharply and closed at a net loss
=, 20 to q points. Liquidation and
ling for short account were rather
.,rer,L. particularly in The last hour
so OF trading. The New Orleans
us,se, A, times was weak and firms
,,h southern connections were among
Oh. hes, est sellers. Brokers acting for
ann. Of the big exporting interests were
! ,.crirent on the selling side. thus Civ
,,, tho impression that In some quar-
.,-s At least a very serious interpreta-
inn had been placed on the develop
rcnts I'm the area OF maritime war
operations.
There is also 4 general inclination to
hslieye that the big export movement
has practically run its course. h
,ev is taken partly on the theory that
,o,,ou WtN be declared c~ontraband or
,s.t An ,t,cmpt may he made by Great
prf,iu to block all shipments to Ger
man,.
Additional ground for this opinion
MAY bu found in the congestion at
Go,Henburg, Genoa and other neutral
norris through which IL is generally be-
't,cd cotton has found its way into
Germany. several hundred thousand
bale. Of cotton are reported to be
,,ing At G;eno, with the probability
hat m. buy ers may not be able to
%, a, their shipments for months. The
only neutral port of consequence which
appears to be moderately free from
.orrestion is Rotterdam.
Thus far this season Gothenburg.
fhe leading swedish port. has received
nropoitioniiely more cotton than any
other neutral port. Although this cot
ION has been consigned TO Sweden
there have been many prominent buyers
N Gothcnburs who took the cotton as
'ast as Il came. Italian spinners are
said 20 have made enormous prohts
b. selling their original purchases to
Germany and getting them trans
shipped. while they themselves bought
fresh arrivals.
Tie direct receipts OF cotton by Ger
MANY thus far are placed at $4,000
hs'es. but IL seems quite likely that
fully 30o. 0oo bales have found their
NAY INTO the empire through neutral
ports.
Yesterday was the first notice day
r. March contracts. but no develop
Wf'N~ VT Nllll'tl AdlAN III hAA'
source The total amount was only
'Oo bales. issued by two firms.
TIE revision committee OF the New
York Cotton Exchange held a meeting
Yesterday morning and established the
differences based on Saturdays quota
lions, The only change was a reduc-
ion IN the discount on good ordinary
which was placed at 204 points. COM
7ared with the previous discount OF
goa points
Trade advices in this country show
some Improvement. The prospect OF
ri'er skirts, due TO tho change in
roWeus styles. is encouraging New
Bedford manufacturers. Makers OF
mons shirts also are said 10 be using
'o''on largely to the detriment OF silk.
Very large orders for cotton goods are
'm.nc ~ the market for the allied
"'iors. one order which is now being
00s!d"r"d Is said to amount to 49,
H'orn Yards.
80 Implications are expected a. a
H'l'' Of the sinking Of the steamship
Fpellu Tho same cotton firm has sew
Ell other sailing vessels on the way
'oaded with cotton, but is said to con-
'enpla'e no further shipments at pres