, 1873-04-17
WALL STREET.,
Suspension Of q Prominent Stock
Dealing Firm Yesterday.
Decided Panic in the Speculative Rail
way Shares.
The Produce and Gold Markets.


acono Of great excitement to-day, amounting ut
doaror all day, the afternoon being exceptionally
aeyore. This caused decline In values worry de-
cidod in some caHes. Tho proasure was felt par
ticnlarly On tho Stock Exchange, At tho OPEN
ing, the market was firm at m advance Of 1@M
por cent but as soon as tho First Board con-
venod, tho pressure to sell Increased on tho part
of Bpoculatora, whose margins wore giving out,
and others who woro growing weary, Of tho
daily trials of the money, market. These
parties sur1n iHed TINT oven II tho money market
would easo up eventually tho raah to unload
would naturally send prices downward. They,
therefore, determined to take time BY, the foro,
lock and sell tho market down. They could
koep control of the market to O certain extont,
shift thur load upon other shoulders. and, whom
tho time came and money was easy, they could
cover their shorta quietly, and, aided by the
1go CO. ere enof tint sofoss hax, Top fo
shnrp upward turn, which would send prices
a1ize and be thought exceedingly generous for
consontlng to paft wth thon: IoWaFd ;33 n9on aa
Inst, and at tho Second Board tloro waa another
brenk,. unaor 4 frantic pressure TO- ooll, which
carried prices down from to nearly 8 per cont.
houses Mas were IN Ioublo n In the % midst Of tic
excitement it was announced that Bhrton j.
Allen had failed. Tho atreot staggered like a
drunlson man undor tho unexpected blow, Mr.
Barton is nophow Of Commodore Yandorbtlt
and tho house do most Of his stock busi-
ness. They ,wcre regarded ns tho strongest
parties OIL tho street, and ablo to Withstand
any financial crisis. a regular panic ensued,
especially in those stocks IN which tho iifm was
was l. decline Of TX per cont in Union Pacific,
G1& por cont in Western Union and Wabash, 3h
per cont in New York Central and Rock Island n,!a
919 por cent in Harlom, ~ por cent In ohios,
| q -. ~ NJ In 7,n1 In
so9e e?9t r. cont o. IN st. t. ee
i to u por cont ID the rost OF tho list. Tho
break ,sas checked by strong parties coming I'M;
fsHaea foc 5 tS counsa.ons sstea s rns m14E tie ass
hour, were very frequent. At tho close, specu-
lation was unsettled but priceR were to per
oent bottor. The decline represents very largo
sum in tho aggregate Tive Or three na9.;t other
known in regard to them. Some brokers had
Barton l. ALIENS checks returned to them by
their banks as not good, just previous to
| O'Clock. These checks were deposited yester-
day for collection through tho Clearing House,
to-dny. Possibly the Courts may have to decide
| tho question.
Barton Allon'sliabilitics arc "a, ,0Oo, 900. Bar
ton il tho aon.in-law, and Allen, the nephew, Of
| positively known, arc Kr. Otis and Mr.. Foetor,
| both prominent members Of the Stock Exchange.
| It il also reported TINT Van Setback j. Go. bavo
gono under. Many other brokers haro lost
"shorts " BY to-day'e operations. Tho corridors
Of tho Fifth Avonue Hotel were crowded tonight
with excited brokors
The movement Of tho last two days In tho gold
market iB explained this afternoon, by tho fact
| that when some Of tho parties who broke tho
| price OF gold yesterday sought to got back their
coin, they found that there was mono to be had.
There hae not beon any particular co., combination
his own hook, and carried his lead without re-
gard to the views Of other bulls. This unanimity
| Of action was disturbed yesterday by ono oper~
a profit on lis long gold. =. 1Io accordingly
the ring two other operators, who had made up
their minds to assist in the movement, and t, then
led to break to 1l711 lato yesterday ettor-
Price HS broke to 1i71. wShea S It vas asoertainod
that there was scarcity Of gold, and as WAS
rying, then IN effort WAS made to cover. and tho tn
price moved up to 117566, b1t just before tho
close it again declined to 117115.
bonds AND EXCHANGE.
Governments aud foreign exchanges wore
Flour opened easier for most grades under
$1,000, with larger arrivals, chiefly o. sprne
wheat extras. Shipping, grades wore IN far re-
quest, but tho market closed lower and irTegu'
lar, especially Tor winter wheat extras. salos.
$500 brls; receipts, 1927 brlu., Wheat wae
but whito winter was In request for milling al
oxtrome pricos. Tho stock Of the Inter is nov
very light. Sales, $1,000 bu. Pork wal
higher and fairly active, with sales /, i;
tho jobbing way Of 800, urls ct 91?.75@1eo
for now mess, and Sl4.oo for extr'
prime. Two hundred md fifty brls moss. to1
cash, sold at sl7.85 md for future deliyor' or'
1000 brls for May at $500. Rocoipts Of ,67:
pkgs. Gut meats woro generally worry quiet, an'
pricos about nominal. Tho abHonco of urgen!
export orders is restricting business IN this di
roetion. Dry saitod, 9,27i pigs. Bacon , wa
quiet, the scarcity OF Western long ann saos ;n
Both arc quoted about o99o no1ntnally. Lar
was moderately aetlyo aud firm, wltn Ha'cs y, .
1900 tcs at % for Western for April, ami o>e
for May. City is hold at 90 ind quiet. June
hold at 0 11-10o. Noceipta, 2,l7o packages.
Found Dead.
i MEMr111s Tenn., April ia man supposed
from letters found on him, to 10 q. Il. Aancooa
nf T,ncnn ILL., waH fnuni dead In tho mortimer