Show r AFFAIRS mAm mAmI I IN Vf VERY rt I 1 4 it i iI j Formal ormal I Assignment Made to Joseph JosephH t H II I Hoadley for or the Benefit Of or Creditors Creditor r J f t r lH I AN INJUNCTION IS SERVED f M it It t Forbids tb the Cole Colo Col Exchange Bask Bank 1 i iTo To Pay Certain Cetin Margin Certificates t lO t 1 t J 1 i COTTON MARKET MUCH UNSETTLED 1 I Prices Fluctuated Considerably Ex Er Expected E f tl t peeled Failures Fa 11 res Not Announced Liverpool Not Seriously Affected fJ t r 1 1 New York March huh J 1 Jey Ie Icy ey Jr and anil William Wilam I 1 P car n k f fIe Icy hey Ie Jr and William PP 11 I Fagan car Cr ear t on business under tho the name ruun nM ot of Daniel Sully Company dealers dea rs In cotton oton coffee and amid grain today assigned all ell 1 for tho benefit of oC creditors to Joseph JosephH Jo H hi 1 i loud ley leyAn p An Mi Injunction was Wa Issued today tony by b Justice OGorman of the th supreme court restraining the tho Corn Com Exchange bank bonk from front paying certain margin ctr cr amounting to 30 delivered on March 18 to the tho order ord r of ot D J Sully Bully Co The Tho order was obtained by 8 H e Sons Co and then firm nn of ot Issuance D J Sully Co were wel notified of oC It Its I OPENING Op OP OF 0 MARKET MARK Following l the failure of ot the tho cotton otton colon firma firm of ot Daniel J Sully Bully Sul Co n ui us on Oil the tho cotton coton exchange yes yesterday yesterday t there thee was waa wn little lite to Indicate nt at lt atthe the opening of the morning session to today toda day ulay da any of ot tho the sensational develop developments ments anticipated last night The Tho Th mar market tr market ket opened open Irregular from B 5 1 points Ints low lower cr er to 24 21 2 points higher Tho The brokers j i about the tho th pit were somewhat apprehensive sive sho bit bat were reassured by Cable cabio trout from Liverpool and ali the announcement that the tho Sully Bully Sul firm expected ex te to resume In four days Other failures were expected to fol follow follow follow low the te crash of ot tho th Sully Bully Huly house hOlse but buton only on one that of ot J H n Garrison iva wal wine announced before betor noon This Thi while a n small firm Orni affected slightly tho ho mar roar market market ket icet and anI attracted a volume of or selling In May by room brokers harrison Is In Iii Florida and no statement of Jila hiis af nf affairs fairs will wi bo be given ghen out pending Wa his hs re no return rt turn tur Shortly after attel th tIm tho call cail cal a n bet better bC better ter tor feeling f became apparent and It I was waa WI evident that Important trade tro Interest Interests were doing doln their utmost to encourage the trade trado and uphold prices Mil MIt rm SULLY SUI LY Upon Ida his hl arrival at nt his onice Mr Sully Sul conferred with his hili attorney and Ind received notice of an nn Injunction against Manet the tho Corn Cor Exchange bank baruk restraining that thiat Institution from front paying over oer cor certain lain tain moneys mones A Ito little later Inter tho the formal assignment alignment was made manning Joseph ff H If 1 Hoadley as its assignee Mr Hoadley Hooley Immediately took charge of the af affairs J fairs aIrs of ot tho the Sully Sul firm tl No direct state statement lItto 1 meat ment was obtainable from tron Mr Ir Sully Bully Suly or oran arty any an member merb r of the Orm firm but the fol following following oh J lowing letter leter was W sent by D I Sully Suly 17 Co to Robert McDougall McDougal president ot of tho the Now New York cotton exchange While 1 I am nm not prepared to make mako a 11 statement of ut my I affairs I 1 feel that ns na a n member of or this exchange 1 own OWl 7 to you YOI mid Its 11 members at least leWI to say f that tho the mitno lunO straightforward method t with which my business him has always f been performed between us In tho the past pant t twill will wili wi characterIze my method of ot deal W Ing lag with wih my toy 1 creditors in this one eM jj eMI I 1 am nm engaged In making a II careful 1 examination of my I affairs and at tho ho 4 earliest possible p moment I 1 wilt will wi report fc the result Meanwhile h I 1 I J crave crne the In Intent t tient tent forbearance of you ou all feeling ft assured that this embarrassment will willbe y bo be bl only 11 It u Otto ono o Il anti that I Iwi will wi be le able ablo satisfactorily to adjust 0 my IY affairs very sery et tx t About lOO of or margin mooney money mon duo dun duoto lun to cotton coton brokers was realized by b Mr 1 Sully Bully Sul signing contracts fy IN NEW j New NeI Orleans March Much 19 Tho cotton f market opened excited prices pies ranging V I from S G points down dowl to 20 points up uJ compared with whit wih yesterdays close Soon after the opening a 0 decided upward tendency developed anti and prices ad nd until May MCl was wall 37 points high higher t cr or than yesterday at 1380 1350 antI and July was waa WI 40 0 points higher at It 1119 I Tho I Iwas i was mainly due to the tho surprisingly good good ool market After to unit half j hour of trading Now New York displayed f I weakness and the tho local market was waR I quick to follow tho the decline which t brought May 11 down to 1335 and July to tol f 1350 l SO ft The rite ring rinK was too no busy husy to allow 1101 much mitch f discussion of at failure Tim Tha lh te be lief lr grows however that ho he will wi m meet t this his hl obligations dollar fot Oil dollar There Thero Tero j are nr now developments locally in thIs dl di V t I EFFECT IN Liverpool March Marchi ll Tho effect erect of at f fth v hue tho th suspension sU oC or Sully Bul Co on Ott the tha cotton coton market was not so 10 great ns net nt ex ox expected Although there thero was WI gix x 1 during durin tho time first row fats minutes minute II ih i there was Ws absolutely no tto tO panic Q 3 orders antlers wore plentiful Spinners no 1 doubt would have hU liked the tho market to 1 drop dron further but the tho feeling generally Is I that tho tIme trade will wi probably probably 1 ably be healthier alter after tho ito excitement i passes away aWA The low point pint was sas In n tho the first 15 minutes of or trad tradIng I Ing The Tho excitement continues but sup supporting supportIng porting orders In tho tIle months June Junc July August October i t November were executed cud a 1 rally of ot about 10 points followed ed Trading u 1 r was wn unusually heavy hay tho the recorded t transactions In iii up lp to 1215 r numbering lum M 53 or moro inure than Ihn thrle times the tho business bu during th the thelIe wine time on un ordinary days clays I III lIe In II the tho last half hour of oC the tha short ses session OS es sion the tho market was quieter and amid prices fell C away In slightly but finally closet cloned olof d i nt at It a net Mt lo loss s of 33 23 3 to In U H points I ITh Thi Thio spot quotations ra io 1 Ii RO O 0 points American middling be bt between I tween tweet quoted rut lit It r f I COTTON corroN IVEN AI IE f Now New March 19 Leland t liner Is IR at cut her hor dock docie here holo Site Him hits bus on board hales butts of ot cotton anti and large consignments of ot grain I anti and Ind miscellaneous freight TIm hc I hn habIts I It i iI I i olo l ami la Is used usel la to extinguish the blaze SULLY COoS COS STATEMENT This afternoon tho following state was 0 Khen out at nt of oC D J Bully ft tl Co CoI CoV I V J Sully Co have luno ft nn with Joseph 11 Hoadley us Mr 11 OltI upon uon advice a of ot his linn taken charge chargo of ot the office mill l R examining the tho firms DC At present he ho In III to IQ any IllY statement n regarding the ni niMR n MR pl or liabilities of ot Ilio Ibe linn lie hc hopes to glo out this Information within two or three days Mr Ir Hond 10 the tho In III the organizer ot llio American Am company He lie HeIs Is III n a lifelong of ot both bolh Mr Ir Bully anil Ir Morse Towards the of ot the cotton mar marIcel Icel there evidently u of ot greater confidence mid H II seemed HI II though a n concerted effort ellort wm Will being to 10 brine hem up to 10 the Iho set settling figures an favorable to the Sully HullY nn possible The market closed steady at al n net advance of ot 40 to o iO 0 pointy on tho moru naive months while the new crop waR wan waRr 6 r to 10 15 points net Sales Hales were estimated at bales Lending spot h were vere heavy het buy huy buyers Nil ers on private from the south spot offerings wore being withdrawn I S 1 i h eta for I Part in rolt tJ TIC t n e 1 UT t 7 f f d i t R on i I I tha Ib tl on V r iW i Jop k r l the 1 of ft with to commit I murder oho co for for and andone I one lne tor or escaping ng tram prison dell is now serving a Q term Qt 19 IQ vear for Cor rubbery robbery and if Jt ho a tho ol of n 1 J lor be behavior b 1 havior tho sentence M lenCe l him bin binI lila I this morning II only Mil nud MX corn l ana anaID ID J months to 10 Ills hla term lorm was round guilty guilly of ot tho Iho of ot with intent to 0 commit by a l Jury after being tried twice t Ice tho first jury Jur being to 10 agree on a 0 verdict lIlI guilty ly to 10 other two tWI charges The committed lied dur INK the Ih break In October Hut when tho Iho pil oner Ure at Naylor stole n 1 watch from flom Jacobs Jacob After Atter Waddell was by tho court ho he that ho bo grunted u II new on tho thu t round of ot nosy discovered in ef ot his hili motion Wad Waddell dell d II In addressing tho court that tho guilty gu hI party had holl mado a n confession tour our month ago IlIN and muted that I nothing ato Ale with and was not thero when wilen It was commit Ho ho In III of ot tho crime cr me and ha ho felt that I ml ho o had Just for a 1 now Ills attorney Prank Me Oraw that ho had Investigated tho lacu connected with tho alleged lion that thol ho M Will d II not o thorn I to 10 warrant moving for fOt n 1 now nov trial Mono Morao Informed I that hi his attorney would havo to look nf nr ter hit hll cuse for him ho 1 dill did not nOI toko I or of tho Iho plea I ItOl for tOl a n now trial tria Tho convict was sentenced on tha Iho as assault n nI sault first the court I sentenced upon u on tho other two charge tho defendant made modo a plea Illen tor Ha 0 lull that after tha Iho trunk bronk he ho had been heen In i 1 dungeon on bread breall und water for tor 10 ana In III still sUlI In solitary which ho thought Is III pretty s eIO Mullen another r convict Implicated caled In III tho prison break w Wall n arraigned o this morning on Oil the 1110 charge of at escaping from prison son ami Bat ur lo t re was WIlS et at al the tor him to enter his plea lei In n the tho meantime Inc the court will appoint an all attorney y to de defend fend him |