New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-10-18
WAII1ST. AGAIN QUIET.


AaaGuT DECLINE IN STOCKS CAUSES NO UNEAsINEss
-RIrMoRs or A DAY--TTTE NEw-JERsEY SOUTH
ERN RAILROAD CHANGES.
Wall-st. was comparatively qniet yesterday,
ne event OF special interest occurring 70 break inc
ynonotony OF routine Prices dropped "a d the
high figures which had ruled on the previous aI"hoou'
but the decline engendered special feengof dstrus
for 1t was regarded rs the natural result OF 700
Ynpid an advance Western Union opened at 49, fell on
20 ss advanced TO bo and finally reacted TO the lowest
pstnt Of the day Lake Shore declined from go TO g.
rose TO e roceded 6s advanced 10 TO- and closed al
s7s Y Central declined from s9i 20 49, reached %s'
AID st later sold az ssE Rock Island sold az "GSssV
s2l9eIF; Wabash, 0f3@423 643i0i3 NORTHWEST, SCI
.taseia tql a4ts: Pacific Mall $40 aSS3aSs 0S2si ONO
At 2tq27se26l and Union Pacific az 9s Glss GAa 0l9s
cold opened at 1914 advanced 10 loS and closed at lost
There were several rumors in circulation regarding
hankruptey proceedings which several prominent
houses were involved but except in one instance hoeo
below they could not verified One OF these ruInors
was TO the effect that bankruptcy proceedings were
about 20 be Instituted in the matter OF the estate OF the
,a,e Horace r. Clark Application TO the Hon. Chaunoey
NJ Depew counsel for the estate, elected the statement
that such proceedings had been begun or were con
terminated The periodical that Commodore
Vanderbilt intended pay the Lake Shore loan To-Day
wa revived but wesley OF the Union Trust
Company said that It the first ne had heard OF the
matter.
-
street WAS the announcement % the projected reufe
ment Of Law Gould from active operations in " inc
street, BY many this not believed on the ground
that Mr. Gould was too deeply Interested III ms opera
tons e. leave the street Others, however thonght II
was highly probable They reasoned that MI %ou'd
having made fortune. and seeing the fate Nlich had
overtakcn Commodore Vanderbilt and indeed Of every
other speculator VINO remained m Nall-st, was
determined 20 let well enough alone. and, securing
hls surplus proposed 10 retire and ENJOY H. Again u
was believed that ne had lOst large portion oil ms
fortune during the panic and could not therefore ole
rate his usual magnificent scale SIN another theory
was chat having some pride IN his operations, he was
admonished by the failure of other leaders of tine
street" that he himself might encounter defeat in the
end Lastly il was believed that the retirement was
simply the basis for new and greater operations.
The changes in the HewJersey Southern Railroad
Company have been the subject Of discussion ~ railroad
and financial circles The present directors are > NJ
Mills c. w. Huntington, J. b. Norris, H. H. Cook,
Charles j. Osborn, Ed. Eldridge p r. Shaw, A. Green
X =. stockton. John Tory IT,. t. williamson O. p
Morosni and W. A. Painter Jay Gould having re-
tired from the Presidency and direction, VI. W. Serat
formerly superintendent Is appointed President pro
ten; r j. Tandy Is Treasurer; j. f. Cole,
General Agent; Charles p. McFadden, Gen
eral Ticket Agent, aud George o. Waterman
CHEF Accountant. The Offices OF the Company
have been changed from Broad-st. TO Long Branch.
The removal was effected Wednesday, all the
movements being sudden and unexpected. The Com
uany's steamers have been Withdrawn from the route,
and the Heversink and Ameri5us now running,
while the Jesse HOyt has been sent 10 Fall River
Newport for repairs The Plymouth Rock, il is said,
win also be taken east for oyerhauling.
In the United States District Court to-day the bank
ruptcy ease Of William l. Scott agt Kenyon. Cox &
Co. will either come ny motion to rescnd the order
70 show cause or general denial VIII he put in and the
case set for tual.
Inward W Converse and Julius F. Converse brokers,
have ed m the United states District Court petition
in voluntary bankruptcy, which alleges that they
unable 20 pay all their debts" ana that they are
willing surrender their property for the benefit Of
their creditors. As Judge Blatchford has not yet
dered reference 10 register 10 bankruptcy, and as
the petition may he anuued before h. does IL not
the opinion OF the bankruptcy clerk proper 10 make
" public. has been asoertined, however, that,
cOrdng TO the petition, the debts Of Converse Co.
amount 10 about $1,000; that Of them exceeds
$4,000 that they due, in most instances 10 pm
vale individuals. The viii he referred 70 a register
next week.