Waterbury evening Democrat., 1904-02-04
MARKET
 EXCITED.
Confusion Over COt-
 ton Again To-Day
London Market Gave Way Under Pressure-Spill- ing of Stocks in Wall Street-A Failure at San Francisco.

New York, Feb 1.-The utmost con- fusion and excitement attended the opening of the cotton market again to- day. The bullish utterances from New Orleans yesterday and the report that New Orleans bulls had placed unlim ited buying orders in the local pit just before the close of business last night had led many to believe that this morning would witness a resumption Of the recent upward trend of vaIues. It seemed, however, that it was New Orleans agalnst the world, for this morning Liverpool instead of advanc- ing, as expected, reported a decline of 20 and p points under Egyptian and continental selling. This led to a weak opening here with first prices at a decline of 40 and 59 points on the old and of 15 and 20 points on the new crop positions. Receipts were light, but the far eastern situation looked very threatening and at first there was no indication of New Orleans sup port. The decline attracted a good de mand from shorts who were taking profits. New Orleans also reported a sensational break and Liverpool short ly after the local opening became spec tacularly active and excited losing at times to 8 points between sales. The local market, however, after selling down to 15.3O for March, 15.59 for May and 15.74 for July, ruled firmer on renewed bull support.
 Liverpool, Feb. 4.-After opening quiet the cotton market began to give way under pressure of sellers. Sell ing orders came in from practically every part of the world and a large and exciting business was done. The greatest ranges between the highest and the lowest were February, 40 points; March and April, 43; April and May, AS; May and June, 50;, June and July, 46; July and August, 40, and August and September, 43 points.
 Wall Street, Il a. m.-As a consee quence of the further slump in cotton there was a spilling out of stocks all around the room and a further recess sion in prices. Losses ran to and 11a in Brooklyn Transit, Metropolitan Se- curities, Sugar, and Realty stocks, Chicago Terminal pfd and Colorado X Southern first pref. Delaware & Hudson last 2, Chicago & Northwest ern 215 and the preferred 25s There was a gain of 11@ by Cleveland c. c. & St Louis and 2 by Allis- Chalmers, pfd. United States Steel pfd resisted the depression and rose a fraction over last night when the market stead jed.
 San Francisco. Feb 4.--Bo1ton, De ruyter & Go, general commission bro- kers in grain, provisions, stocks and bonds in this city, have sent out q notice calling for meeting of cred itors to-day. The suspension Of the firm, which conducted quite a large business over the wires with Chicago and New York, is practically an- nounced. The amount involved is q matter of conjecture. but it is said the sum will approximate S25O,0OO. The embarrassment of the firm began, it is said, when the failure of Sharp x Bryan of New York occurred in Sep tember last, as it was the corresponds ent of the New York house i'll this city. In addition. it is said that the firm discovered yesterday that su- bordinate had, without the consent or authority of the house, extended large credits to local customers. and 1t was disclosed upon investigation that seri- ous losses would surely be the result of this unauthorized accommodation.