, 1873-10-16
WALL STREET.
The Day Opens with symp-
toms Of Grogginess.
Vanderbilt Makes a Des-
perate Push.
Ills Stocks Adyanco from 8 to 6 Por
Cent, and Then Fall Off
2 Per Cent.
Judge Blatchf ford Dissolves the
Bird Grinnell Injunction.
The Released Oollaterals Do Not
Come on the Market.
Failure Of The Banlking-lIouse Of Gill
man, Son l. Co.
The Market Shows a Decided Improve
ment, but Closes Feverish.
Failure Of The Banlking-lIouse Of Gill
man, Son g. Co.
The Market Shows a Decided Improve.
ment, but Closes Feverish.
NEW YORK.
Special Dispatch to Tbs Chicago Tribune.

NEW YORK.
Special nispatch to Tbs Chicago Tribune.
A BRIGHTER FACE ON THINGS.
New YonK, Oct. 15.-The financial outlook is
far bottor to-day than on either Monday OF Tues
day, although carly in the day there WAS heavy
fall in values caused by more failures, during
which prices fell from to 6 por cont under
pressure Of stocks for cash to realizo money.
There was subsequently sudden change for tho
botter, prices advancing from to ~ per cent.
This was, in large measure, attributable to
manipulation by aomo Of tho "bears," who COW
orod their short contracts on yesterday at tho
low pricos, md went long for time. The
prompt payment Of tie Now York Central diyi-
dond WAS alBo . cauBo Of this riso In valucs.
WALL STREET CoMrosED AND coMpLACEHT.
Since this relapse, Wall strcet has not presented
m unusual appearance outwardly. Tloso dcnBo
throngs Of excited aud diBheartencd brokers and
operators that mado Wall and Broad streets mud
other highways IN the vicinity of the Stock
Exchange almost impassablo during panic week,
have not boon seen. To all exterior appear
ances business has been gliding along smoothly
in its wonsed channel with nothing to interrupt
it's course but at ono timo there were disturb
ances under the surface that threatened to
croate as disastrous a panic aa that OF two weeks
ago.
THIS DANCER,
there is now pretty good reason for believing,
is practically passed, aud Wall street operators
are, for the time being, free from por-at least,
AZ far from 1t as thone who speculate in that
orratio and uncertain market ever arc.
TUE REASONS FoR THE FLUHny,
which an experienced broker characterized .yoa-
terday as only the flashing up Of tho anouider-
ing embers Of the late disastrous panic to the
surface, arc not ensy to state. The low price Of
securities was the natural effect Of tho position
Of stock held in blocks on which money had
been borrowed in order to carry them. The por-
Sons loaniug money woro terrified ut the legal
proceedings instituted in tho Grinncll bauk-
ruptcy case,-they were afraid that proceed
ings might be brought against them. and,
partly from their nccd Of money, they began
with determination and onorgy to place tlelr
! stocks beyond any injunction before it was too
late.
It has been the case in all panics aud money
money Was next to impossible.
The rapid throwing Of stocks On the market
the past fcw daya has not given time to buyers
aud real investors to como into the market as
purchaBere. Tho extensive publication of the
recurrence Of tho panic attracted largo numbers
Of visitors to tho Exchange with tho object Of
"6EE1N0 THE CIRCUS ("
in full blast. With the beginning OF regular
transactions came rush to sell stocks, partic.,-
larly those known as Vanderbilt specialities.
| Prices, unable to Withstand tho pressure, fell,
and wild excitement ensued. New York Central
dropped from 85 to % Harlem, from 103 to
1oo; ERIC, from 45a to ~ Lake Shore from
western, from 81 to SO; Rock Island, from 81 to
81 Ohio, from q to 2i4 Union pacitlc from
1871 to 15N; Western Union, from 81 to 45 !;
and Pacific Mail, from 26 to 25.
THE FALL HURTS ONLY TWO F1hMs.
It was naturally expected tint numerous full
/ ureB would follow On the heels OF sloh a crush
rs this, but, to the general astonishment, only
two we're announced-W. 8. Perry, small deal-
or in Broad street; and Gilman, Son l. Co.,
bankers, No. Al Exchange place.
EyIDENOE8 OF RETURNING CONFIDENCE
we're noticeable at o'clock. One reason u.s.
signed for this was that, the decline having been
brokers and others, prices had reached their
natural basis or intrinsic yaiuo, and they must
now react. Tlese views were aided by the pay
mont Of $s,6oo,ooo Of New York Central dlyi-
deud. It w2B also INSERTED that
| COMMODORE VANDERBILT ..
had from necessity becolno an active "bnll F"
| operator in tho markct; and, Us he would draw
dividends on about eaO.000,000 worth Of Now
would be used to elevate the market. It WAS
| further stated that he had disposed Of 10000
600 worth Of New York Central l. Hudson
seour'tiea et IS to German banlers' and that ho
market, particularly Central, Lake Shore, West
orn Union, and other Of his own securities
and tbat l1e would pay tue 81, 100000 loan to tho
Union Trust Company.
DISSOLUTION or THE INJUNCTION.
Although these statements and rumora had
their effect, they were Of littlo importance aa
compared with the subject Of the dissolution by
Judge D'atchford Of tho arinner injunction,
which was repeatedly affirmed and denied Oh the
stroot. Whom the truth Of this was eventually
established, there were fearB that tho ,00l
sllaroa Of stock hold for tho account OF Gripne
would bo thrown upon the market IN blool
for realization, and thus create another panic
but. to tho great surprise Of al, this dla not
Vanderbilt people had made arrangements with
those baukers nnl brokers who leld tho stock
to cnr5y 1t over at least for the present Althis
caused
"balls," prioes which had appeared to bo IN di-
rect route for zero recovered, and roso with a
rapsdity almoBt NJ groat AZ that with which tlloy
had fallen. The greatcst improvement was III
Like Shore, Western Union, Harlem; M S Panama,
Central, Rock Island, Wabash, and Pacific Mail.
Lake Shore, which fell on from Gt4 to 6711,
advanced to 67, and reacted to 65N Wostori
Union, which had declined from 81 to 49, rose to
544, and finally sold at 5211 Harlem from 100
reaehod 1906; PanamA roso from 8o to Sc, anil
Delaware, Laoka sANna l. Western from30 to
S511; Naw York Central sold ut 81 {@8GYs; Nocl
1slaand at 871{@85@871 4@b6l Wabash Al
999IGD309f md Pacific Mai! at 3lHG@3011.
ANOTHER nUzgon ABOUT LAKE alioRK.
In addition to other storicH about Vanderbilt
stocks, there waa r1lmor that the Lake bAort
HALLWAY would pass itB ncxt diyidcnd,-i. O., tal
to pay It. It u alao reported that, IN order tc
taho up the Union Trust uonpany'a loan, T,h,
would effect new mortgage None OF thost
rumors, however, could be traced to goot
foundation. 49,.
TuE FAILURE OF GILMAN \ SON.
l E1i. A.I NJ nSnr l1xant4 f4