The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-09
6T7ON STEADY IN
NARROW MARKET
|oOo.cd Modification of
plockadc Gives Exporters
Temporary Relief.
krE\NGE m

...o. nr..r. hold we'll Yesterday in a
, market There were times wren
=, p~ouidl'on caused an unsettled
Acton. but this changed very quickly
N. ,rncatarce of buying orders or
d,r,tc 50" u is quite evident that
ANAL va.umc OF arbitrage business
.-e from Liverpool has materially
,.sd tie number of contracts In the
market ard made trading condi-
,. much more difficult. The close
, re,5y 81 q net loss NJ | to . points
-se s,,,iIncss of tho market yestcr-
, should bc ,.trbuted largely to the
Ae4,i,n NJ The British blockade an
..,sncn' of , week ago. While this
ale offers 4 tcSpitc for one month. /;
4,s, ahyiatcs the DISCRIMINATION
.h N.s threatened In the original an
.,om,n, The Information came in
arm ~ , cable from Percy chubb
.b. American Embassy at London to
an A Sut.. marine insurance brokers.
cable said
Tho ,~;pyo,rncut. approaching the
..,1 prcd.cameut - to cotton ship
s,s IN neutral countries arranged for
nv 10 March -. was invited TO at
committee meeting AZ the Ad-
,al,y uu saturday and | placed my
.s before the committee regarding
b cotton shipments. am fSmally
yssicd to toll YOU that the suggrs
~ mn forward have been cordially
,n,sl and the following assurances
20 b,on given cotton for neutral dcs-
alton only
y Al cotton for which contracts Of
p and freight engagements had al
,dy been made before March = TO he
,eol Free or bought at contract
"a II stopped provided the ship sails
later than March 81.
. similar treatment 10 he accorded
ali cotton. insured before March .
,d.d the cotton Is pu, or board not
,r than March l6
9. All hipmeuts Of cotton claiming
above protection 10 BE- declared be
sailing and documents produced &
certificates obtained from consular
srs or other authority fixed by the
ytrnm. MT instructions are being
'ri 20 ffltlSn "nlodSriee
Exports Yesterday amounted to -.
ha'cs. Including il.2jS 20 Great
tain and Hl.720 to the Continent.
"a. Tor The season was ~5.615,i40,
trSt 1.375.0>7 last year.
Much interest is displayed in cotton
'es over the proposal to establish
cotton exchange at Rotterdam. by
ny this L. regarded as a possible solu-
, although of y makeshift character
Tho chief tAnElc presented by the new
ted states cotton futures act. which
vents dealing with any foreign \
,nge which has not adopted Govern.
NJ standards for the classification o.
Ton. Liverpool and fIaVre SO IA
. moi taken this step and the Bremen
ron Exchange OF course is i~nacceSsi
10 commerce.
sy the establishment OF a cotton ex
nge at Rotte"lam. and with III.
'ption ny that exchange IF Govern.
~ standards. it would he possibl,
atbitrage transactions TO be con
I'D with t.uronean markets. This
.ness could he done indirectly viii
s-pool. as hedge purchases OF sales
10 IN Rotterdam could he transfcrre,
Lte rponl by arhitraGe proceedings.
lust now Rotterdam IL one OF the lead
cotton markets of the world, Goth
llrE and Genoa have not the harboI
'litics for handling big shipments an'
/" son get c%ongested. There Is YER!
IL delay. however. in handling cottol
io,heuhurg. as the harbor is commo
ls and the dock facilities ar
moIshl, mp to date.
Fufu.gs rrose1 stpqdN