Show f Cotton Failures j 2cw Orleans 14The following fa < lure were posted at the Cotton Exchange today Samuel H Buck Co Henry Heutz of New York Henry Legendre Son and Henry IS Martiro all cotton future brokers bro-kers and buyers who transacted business through the future room of the Cotton Exchange The rules of the Cotton Exchange require the margin to be kept up from day today to-day consequently the failure of any tirm or individual canonly entail a loss on their dealing today It is Crated tonight that these losses will not exceed S35COO for the three firms though the firms themselves and their customers have doubtless lost heavily by the decline futures the past two weeks At a meeting of future brokers at the Cotton Exchange Ex-change tonight those present agreed to assume all outstanding contracts of Samuel Bucks at to days closing prices which will prevent pre-vent their being thrown on the market mar-ket tomorrow |