The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-07
LIVERPOOL LEADS
ADVANCE IN COTTON
New High Level for List
AGAIN Discloses Scarcity
Of Contracts.
HEAVY WAR DEMANDS

Surprising strength at Liverpool yes
.srd,y which opened considerably higher
,bon due after the Easter holidays, was
.esponsibe for moving cotton on an
o,her upward start, which carried prices
"a new high levels. Around the crest OF
yesterdays top prices cotton registered
an advance of es7 points from the low
,vel OF the season, with an advance OF
rarly 50 per bale above the low level
,.csnS sne first or March.
shs liaudated condition Of the mar
Ia, was apparent In spite OF the fact
.sa, prices have broken into new high
ground but the supply OF offerings was
,,,her scanty. The same interests which
hsys been buying recently were again
active on the bun side. Commission
houses appeared to have sold out nearly
all Their holdings.
One statement which attracted at
,e-,ior was contained in despatch
rom New orleans stating that the board
A trustees of the Mississippi peniten-
,arv had issued an order to stop load
,nr 5000 bales Of state cotton on q
Norwegian steamer clearing for Copen-
hagen This action was said to have
Seen taken on advice from the State
nenartmcnt that tho cotton might be
declared contraband.
There Is a growing belief throughout
he cotton trade that cotton may be
n,aced on the contraband list on ac-
,ount OF it's use for the manufacture
4 explosives. This step is being
strongly urged in Great Britain. 4
prominent authority in the American
,ovder trade who has been identified
With the manufacture of smokeless
,owier In this country and who has
heen called into consultation by sew
ersl Of the European countries said yes
terdsy that in his opinion IL was quite
Hkely that 5000, 900 bales OF cotton
would be required for the manufacture
o. propulsive explosives If the war
asted full year. He said that the
ABILITIES for manufacturing smokeless
powder were being expanded constantly
and on account OF the simple nature
oi the machinery required in the process
t was fairly easy to increase tho ca
Ha-lty Of existing plants.
The Manchester Guardian says: Just
row the South is unable TO sell at any
hing approaching local importers
views, for so much Is absorbed in
.reight and other charges that the ac-
'ual sellers profit very little by the ad-
vance which has come about in values.
The representative of a we'll known
Arm Of shippers has gone carefully into
ne matter and states that the cost of
b-!rging cotton from the average in
'erior point to this market works out a:
vel over 800 American points. 1t will
'hus be seen that some Of the blame at
'ached TO the Sout OF late for their
'ersis'ent stubbornness in not taking
ldvantage OF the big rise is not theirs
~ all but is due to the abnormal con-
itions under which every one is work.
"a al present They are also account
shle for the large business done daily
nth local merchants, who for the same
-eason are unable to ship their cotton
Ne- here except at big losses. Big re-
iu,tons in freight and insurance pre-
NUNS appear to be the only remedy
or the Unprecedented conditions which
! all intents are counteracting the
feet that crop of 1900. geo bales
slould really have on prices"
Futures closed steady,