| Show COTTON KEI l PanIcle Declines of Were Continued New Now Orleans Feb panicky declines In lit 11 the cotton ester yester yesterday esterday day da were repeated here today tollay Tho fear of war ivar 11 seemed to bo ho the tho only excuse for tor forthe tho the enormous liquidation In tho tim midst t of the tho Intense excitement W S W 1 Drown the tho bull hull leader lealler managed to tomake snake make himself heard antI In a IL brief speech nt at the tho ringside told the tho traders that they were bringing ruin on nit selves smith and tho the south by II their unreason unreasonable able fears teArs and by offering cotton at nt front from 30 3 to 40 o points under tinder tho the market This speech undoubtedly saved the time day for the long side elde aliI Soon after this tho the selling ceased to some extent ond prices showed shoved a n recovery At the lowest JOust level ICIel March was wn as points lower than the tha close yesterday at 1383 1389 May HO points lower lover nt It 1445 It 5 and July Jul m 14 nt u a 14 CO NEW EV YORK New Ne v York Feb eb B Tho drop Mop In prices was 1111 continued today toda At the tone tOM was vaa lIs fairly steady but 11 a Il telling selling movement began begon and tho the May option sold old at ntH 14 centS cent a decline of ot ItO points or a cent and ono one fifth r fr r since yesterday The Tito selling gelling wan vas laKso vasso so bo heavy that the market seemed scented seem d to bo ha completely demoralized July sold Fold 1 shortly after acter 11 ot nt 14 33 a I de the decline cline dine of snore more than n IL cent per ice round pound since yesterday There Thero was n a sudden recovery after the selling Belling panic paula had hind lasted about half nn nil hour and May ran run up KO 60 points Tho Tue mil roily rally did dill not hold hohl however and nn Nay May Nayeli fell eli Lack Leick SO 30 O PointS point again to lUO 1120 During DarIng the decline rumors of or nil all hinds 1 were veto circulated ansI and the nt and apprehension of brokers Increased 11 as nl It became more moro amid more moro evident n t that the tho day likely to o prove n a severe one Commission houses throw thousands of bales on the time market for tor whatever price they would bring and as nil antho tho drat Arat hour wore on buyers appeared less lean and less bees anxious to assist neller out of It their predicament At the Ihl open n InS Ing many mAn thousand bales of both May and July Jul cotton cotlon were bought by the tho bull pool 1001 and stun this succeeded for Cor a II time limo In stemming the decline lint Hut another ta rave yo of at liquidation lion swept ocr over tim thi pit and nn reel pool 1 buying was WAll no more snore titan than a g drop draft In the bucket and prices crumbled away awny again about as ns rapidly as yes yos Is Liverpool Feb 5 The cotton otton market today wits much exulted excited A largo large amount nf of business was wR transacted The market u a scene of nf the wild wiLl excitement while prices continually ly I dropped drop d until tho the close which showed a IL net riot loss lose of ot 42 to 72 points from rosa day da HAD 1 CHICO produce 1 00 rr rr 11 Club Cash 2 red rM No 5 3 rod uti SOW mt No 2 hard MM No 3 I hard halll mH No 1 I northern No 2 northern f No 0 3 H 3 J No 4 t ma 2 J 2 43 42 No 3 I Wi U I W tO July jul opt Bert KHi VS May cU tG CG i July Jul r 1 21 m 2 May Ia 4 1 July Jill hil 30 4 8 t 33 I 1 ork I II July Lord 7 76 W July Juh 71 |
