, 1873-09-20

Henfy L. Fell Bro, No. sos Walnut strost,
hany small houBes arc tottering, and will doubtless
90 nndor in general criaIs.
Mr.. Smith, President Of tho
pAHg NonTH AMERICA,
assured mo that tho panic had caused no run there.
He eays: We have 10 per cent above our Liabilities
instead Of having only 2s."
At tho Commerce. Commercial, Commonwealth,
Western, Central, Farmors' l. Mechan!ca' phlladel-
phlh, md Providens Tcuat Banks everything looks
eoleur d. rosa.
THE DAY m STOCKS,
About seventy brokers assembled In Board this
morning at the Exchange, but nothing Of importance
was transacted. Pnnnsyrania Railroad sold to-day for
II cash, tho decline being attributed to the panic
callod on Mr. Droxel Of prcxel + Co., and ho
from them.
now turn to
THE MONEY MARKEr
Md tho days transactions. At the opening Of busi
hess to-day In Philadelphia Improvement in, city
securities noted In tho recovery from yesterdays
quotations to 10oh for cash salos Of now Cs but in
Pennsylvauia Reading Railroad stock the atrugency
pf money caused
AHornEn DOWNFALL,
ind upon tho First Board tho former stock fell to
t7x, while Reading quoted % low ns so, Le-
high Valley was also afrcctcd by the panIcky
condition Of tho market, and fell to 5sH.
Government bonds arc barely quotabc either horc or
STOCKS WE'RE uN6ETILED AND E1orTED,
The interest WIS conferred on Pennsylvania l. Road
Ing Railroad Shares tho former selling largely
hs 40 down to 47b, closing ut tho latter, and tho
latter at 60@50A. City ds, now, sold At 101@
f0l4 and Lehigh Navigation At 49, Tho Bcones1fn and
around the Stock Board tho fuctuaton Htock rose
And fell were indeed There wnH need OF but tho
numbers that visit tho Now York Stock Exchange to
breato.
a PEnFEur FANpEafoN1uM.
Every fow moments the intelligence that soma we'll
Known trm Of brokers had failed, would Start anow
Tho revolving wheel Of o1citement that found tims
Tor abatement.
TIE gA11uRn or yERK1s
on Third street, greeted With that moat Intense
alarm, "a II WIS tho signal Of tho danger ahead.
ferkea held lnrgs quantities Of PennsSvania stock,
tho decline OF which has been markedly
steady throughout tho day. The rapid
succession with which the failures Of the bankers Along
Third street announced created perfect frenzy Of
e1ciemen not only within tho precincts OF the Stock
Board. but without and along the stroet. Evcry
ono seemed seized with paroxysms that have
never beon equaed in Philadelphia, ut least by tho
operations Of speculation. De1aycn'a failure pro-
duced conBternation that adled to by tho hnan-
oia1 combustion Of George q. North. & Co., whose
condition Was brought about by the failure Of
Joseph Yeries to meet $500 demand thnt had boon
made upon him. olarkaon, Davis b Co. wero next
announced contestants for tho Aures 1ueagrely
attached to extinction in tho Board. Thoso who had
escaped tho effect Of the crash
suDDxNLy TURNED TIE TABLES
Of their notons about matterR and songs we're sung
in chorus bids made upon imaginary stock, and
fortunes Of . mythical nature changed
hands every two minutes. Tho serious
business Of the day. that had beggared
many. and temporarily staggered many more acemod
TO have no other effect than thnt of creating tho
most lmbecile htlar!ty that well DO imagined. No
shade OF Borrow a. the downfall Of others soemed
TO oversprcad the couneuances Of thoBe who hnd
vived tho shock Of this disastrous day. There
were others in this Board, however, who did not
look upon matters did their fortunate fellows
The latter gathered around the clearing house, and,
with nervous hands and pAlpitating hcada, awaited
their turn to redeem their bhlancos Nhll0 hundred-
dollar bills. ciutchod by fingers that dreaded
to part Herewith, were thrust through the
windows, and the clearance clerk Was kept In
The most Intense furry by the excited men, every ono
Of whpm desired ILLS business to DO attended to frat
THE BEAn8 ARE JunIl.ANT,
owing to the tnmonBe a1uount Of stock thrown on
che Market principally that Of the Pennsylvania Rail-
road. We MI hopa that tomorrow will bring =
better state OF thnga. II 1t docs not, there
will be ruin and dcso!adon In many
homes. It ls matter of pleasure to note, notwith-
standing present painful condition. an adyance In
The amount OF our subscriptions In aid Of the Bhroye
port sufferers amounting to g, 481,