Show MARINE AUTHORITIES S DOUBT BLOCKADE 13 Dr UI Brae Broi tot Wire NEW NEV YORK Fob 10 Local Local marine underwriters are not of or the opinion tha that thai Germany will be able to make effective the submarine blockade They Insist that a blockade la is successful only when at least one half the tho ships making the are voyage through the danger zone sunk eunk and the best opinion In ma maritime circles Is that this cannot be Many of ot the vessels sent to the tho bottom bottom bot hot tom torn since sinco the U-boat U war war started a n week ago have been becia of comparatively small tonnage and it Is pointed out that they were on tho the high seas before the Berlin decree was wn Issued The British British British Brit Brit- ish admiralty Is perfecting plans to arm and md convoy merchantmen which will soon make a different story Marketwise nearl nearly everyone believes that the worst that can happen at the present Juncture Is a prolongation of the prevailing suspense A A. declaration declaration declara declara- tion of or war would clear the atmosphere and allow Important financial Interests which are aro now inactive to take their stand as they expect to on the tho bull side k I But the way things are the market Is sinking of ot Its own wel weight h Transactions Transactions could they bo be analyzed would probably be found to consist chiefly of or orone one set of ot shorts selling to another r. r with Just enough of a leaven leavon of or real liquidation to keep the market heavy |