The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-10-26
City Intelligence.

THE PANIC IN WALL srnxEr.-Ihe excitement among the
animals-the bulls and bears-n their menagerie in
Wall street has temporarily subsded, except among
those unfortunate individuals who have sold stocks that
they had not in their possession and Who to meet their
engagements, have 70 buy borrow upon the most
exorbitant terms II they obtain them at all
Yesterday the scene was very different that OF pre-
vous day Then every animal was In state OF rabid ex
element except occasional sly fox, who seeing far
ther others the future bough. up all he could
and held IT, On the street Wednesday at the Of
William and Exchange place, 70 be running
about with "scafedn looks and whiered faces and who
would often stop suddenly and consult some friend as TO
the chances OF fall. SHOW viii befn "Wl 1t 60 low
e'Y, "shal sell ouin &c, the queries Of nearly
ALL and away they would start of and try TO SELL otener
without avail than otherwise. Central stocks
went down rapidly, and as they were deemed
the /" conso.s" OF this market, OF course others
came down with them. Western stocks fell
to such extent they yet recovered
the shock In fact, all kinds OF "fancy stocks" fell
to fearful depth. Yet most remarkable Of all the
fact that "state stocks retained very nearly their
regular value, which seemed the remarkable when
the real OF the panic is made known which is as
follows
appears that many the holders OF stock when look
ing At the aspect OF the present election and foresecng
the inevitable dissolution OF the Union, became alarmed
and they, their anxiety 70 the script into hard
money rushedn much OF the former into the market
At time The insecure "animals,n the look
out this unexpected desire TO sell and took fright
They began &, pour into the market what they
held, and the consequence decided and rapid
fall and immediate loss OF con 1dence.
Although this had subsded yesterday still, up to the
closing Of the first board, there apparent
anxiety among those who held and those who
wished TO buy. The spectators could be seea
walking about In pairs discussing the apparent
results and prospects, comparing memoranda one
with the other; anxiously rushing into the room At
the corner OF the before the list had
been ssued hour before the usual time OF expect
ing IT, and in many other ways evincing painfully dis
tressed condition OF mind But before the lst
issued the glad sign OF change Affairs took place and
the OF large sales at advanced prices spread like
Wild hre Those who had 10 make good their contracts OF
yesterday began TO look glum, but the majority hal
smile eountenances and expressed Satisfactory
feeling that call not yet lost some sad the further
extension OF the panic would be postponed until after No
vember 8; but they would not for any further
length Of time. Nou SuTons.
The ELECTION or AssisrAxr ESUlSKKR The election for
Assistant Engineer TO m the vacancy occasicned by the
resignation OF Mr. crcger took place Wednesday even
rg the houses OF the different engine hose ana hook
and ladder companies throughout the city There were
but two didacs the neld John Wiley, foreman OF
Engine Company No IL, and foreman Geo T. Aiker %
Engine Company No. IS. The following Is the vote