Alone are Unrestricted London, Mar. 22.
The Liverpool cotton futures market will close at the end of March. At an extraordinary meeting on Tuesday the Liverpool Cotton Association adopted a resolution protesting the government policy but Eremised Icyal coreraticn. Frim April 1, the governments trading company, will assume control of all British cotton imports, interna] distribution and the fixing of delivery prices. The government's action will make hedging operations superfluous and thus remove the basis for the Liverpool Market. says Mr. H. Heyman in the "New York Times."
The formation of a company un-Ger the name of Cotton Importers and Distributors, Ltd., is now being prepared. The government will be the only shareholder but will appoint only eight of the sixteen directors. The others will be nominate ed by the Liverpool and Manchester Cotton Associations. Meanwhile the trade expects the government import monopoly will secure increased supplies of United States cotton. The expansion of military operations in the Mediterranean area has rendered imports of Egyptian, Sudanese and Indian cotton difficult.
Text read from the printed page and cleaned; old type leaves the occasional error.