OCR Text |
Show A ( niton Markel Panic. N'KW YoKK, Jan 7. Affairs were demoralized demoral-ized in (he cotton market this afternoon, the decline at one time being fully 'JO points from which there was little reaction. re-action. At J:4(l p. in. notice was received from liauskcl nnd Rionlan that they were unable to meet their liabilities and almost Immediately thereafter business came to a pause, it being too late for trade to flillj obtain its surroundings, and the niinou'i' eiiient occasioned general surprise. The House had done a large business and w as iptitc prominent. It is understood they had a large line of southern buyers who ailed respond for calls for margins. |