Bremen Cotton Exchange
The Bremen Cotton Exchange is a legally responsible association , of the preservation and promotion of the interests of all the cotton trade and the primary processing of cotton stakeholders aims. The building of the same name, in which the association has its offices, is located in Bremen on the southeast corner of the market square.
The Union
The Bremen Cotton Exchange was founded in 1872 as a committee for the cotton trade by cotton traders and brokers who imported cotton from overseas via the Bremen ports. In 1889 the Senate of the Free Hanseatic City of Bremen gave the association legal capacity. Trade expanded rapidly with the industrialization of textile processing. As early as 1894, more than 1 million bales (around 217,700 tons) of cotton were landed in Bremen. The import peak was just before the Great Depression reached in 1927 with 2.6 million bales.
The Bremen Cotton Exchange publishes general terms and conditions - the conditions of the Bremen Cotton Exchange (formerly: Cotton Usancen ) - for trading in cotton and man-made fibers . The conditions of the Bremen Cotton Exchange are applied almost consistently to the wholesale of cotton in Germany and abroad. A uniform legal framework for cotton trade between states with different legal systems has been created. The conditions contain regulations for the trade in raw cotton, cotton waste and linters , man-made fibers and fiber blends. In particular, procedures in the event of quality defects and procedures before the arbitration tribunal of the Bremen Cotton Exchange are regulated. In the event of a quality defect, two sworn classifiers will make a binding decision in an arbitrage process about the possible reduced value of the supplied cotton. The conventional classification of cotton is increasingly being supplemented and replaced by instrumental fiber testing. The instrumental fiber testing is carried out by the Fiber Institute Bremen eV as a cooperation laboratory of the Bremen Cotton Exchange.
The Bremen Cotton Exchange has around 180 members worldwide, including cotton traders, cotton brokers, banks, shipowners, freight forwarders, spinning mills and insurers. In fourteen other locations there are comparable organizations with which the Bremen Cotton Exchange has formed an international committee.
The Bremen Cotton Exchange organizes seminars for prospective merchants on the subject of cotton. Together with the Fiber Institute, it organizes the International Cotton Conference every two years . It publishes a newsletter, the Bremen Cotton Report , in which it provides information about the global cotton market and publishes statistics and market analyzes every two weeks.
Between 1914 and 1939 and between 1956 and 1971, cotton was also traded on the Bremen Cotton Futures Exchange. The contracts often included - as they do today, even though the Bremen futures exchange was closed - a delivery obligation several months in advance. Like other raw material prices, cotton prices are subject to strong fluctuations.
The building
The Bremen Cotton Exchange building was erected between 1900 and 1902 on the southeast corner of the market square, between Schütting and Neuer Börse. The architect was Johann Georg Poppe (1837–1915) from Bremen , who won the competition ahead of Hermann Schaedtler from Hanover and Karl Bollmann from Bremen. All 54 competition entries were exhibited at the Kunstverein Bremen in the summer of 1898. The company Boswau & Knauer , then in Berlin and Bremen, was responsible for the construction and expansion of the courtyards. With the representative stucco decorations , the building blended into the cityscape. However, the material of the facade proved to be less weather-resistant after only ten years. The entire facade was replaced by Weser sandstone from the Obernkirchen sandstone quarries between 1922 and 1924 . The architect Blendermann carried out the extensive renovation .
The rear part of the building was destroyed by air raids during World War II. The large basement of the house was converted into an air raid shelter. The administration of the Atlas works was relocated to the building after the factory premises were badly damaged in air raids. After the end of the war, the tower, which was also damaged, was removed and the stucco was removed . In 1961 a multi-storey car park was built in place of the destroyed rear part of the building. This car park was renewed and redesigned in 2002. At the corner of Marktstrasse and Balgebrückstrasse, the parking decks have been converted into office floors. The architects created a copper-green caesura between the old part of the building and the parking garage, which highlights the difference between the two buildings and also softens the contrast.
In addition to the cotton dealers and the Bremen Cotton Exchange Association, for whom the building was originally built, numerous freelancers have now settled in the Cotton Exchange. The building is a listed building . The current address is Wachtstrasse 17–24.
Individual evidence
- ↑ Unofficial part. Miscellaneous , in: Zentralblatt der Bauverwaltung, No. 26a / 1898, Berlin, June 29, 1898, p. 310.
- ^ Max Burghardt , "I was not just an actor" Memoirs of a theater man , Aufbau-Verlag Berlin Weimar, 3rd edition 1983, page 230 ff.
- ^ Monument database of the LfD
literature
- Karl-Heinz Schildknecht: Bremen Cotton Exchange. Bremen and cotton through the ages , Bremen 1999
- Marie Schneider: History and Development of the Bremen Cotton Exchange, in: Denkmalpflege in Bremen, Issue 13, 2016, pp. 63–80
Web links
- baumwollboerse.de - Homepage of the Bremen Cotton Exchange
- Early newspaper articles on the Bremen Cotton Exchange in the 20th Century press kit of the ZBW - Leibniz Information Center for Economics .
Coordinates: 53 ° 4 ′ 28 " N , 8 ° 48 ′ 26" E