The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-10-15
COMMERCIAL and FINANCIAL.
MARKETS. BY TELEGRAPH
New York Money and Stock Market

New York Money and Stock Market.
NEW YORK. Oct. 14.-Wall street has
seen the bluest time today 1t has ever
known 80 far as tho stock Exchange 10
concerned, and prices have been allowed
10 fall below the lowest points touched in
any OF the panics in the past ten ycars.
The decline was attributed to various
causes. Some held that the depression
was due to the order Of Judge Blatchiord
Yesterday In relation to the bankruptcy Of
George Bird, Grnnell & Co., and said that
until the injunction was removed no one
on the street could tell how soon tho mar.
ket might be flooded with stock, and SO
long Us 1t continues, brokers will be I'm.
able TO borrow money, and others ex.
planned the heavy tumble by the fact that
large amounts Of stocks were carried on.
The margins have been sold in conse-
quence oil holders being unable to put up
any more collateral. 1t 10 said Wander.
bilt has been free seller, and that Jay
Gould has sold out more stocks than
which he bought in, and could not deliv:
or, and has been buying pgold. Orders
that have been sent Ia to-day from almost
every quarter, directing the sale oil stocks,
aud outsiders appear to be panic stricken.
There wcro various rumors regarding
both Daniel Drew and Commodore
Vanderbilt. The fac. that bank
ruptcy proceedings against Kenyon,
Cox & Co. arc directed against Mr..
Drew is significant, and Mr. Drew's
transactions are supposed TO be at the bot.
ION Of the difficulty with Boyd & Vim
cent. It has always been Com. Wander.
bllts policy to hold up New York Cen
trail against the tide, no matter what the
consequence 10 other stocks. The de-
cline in New York Central from ST. to
S2t to-day is taken as a sign Of the Com
molore's inability to bolster Ii up. The
sudden decline in the whole list in which
Western Union fell from 57i to 49i, and
Lake Shore from 6st to 59t to keep pace,
cannot but DO disastrous to many houses
largely interested in these stocks.
It Is a street whisper that the fall in
Lake Shore Is probobly engineered by the
Vanderbilt party with the intention Of
getting control Of tho road just as Harlem
was gobblsd up some years ago as the
road Is considered necessary to the inter.
est OF the New York Central. Another
division OF tho Vanderbilt party llquida.
ted to-day on account Of the withdrawal
Of tho facilities from the banks and private
money lenders,
The house Of Burger, Hulburt & Liv.
ingston suspended Is said to be In sol
vent condition and able TO pay two dollar
for one, but can neither borrow or make
collections. Their liabilities are reported
at 100000, while their assets are placed
at $1100000. The failure Of Gillespie
Trowbridge = Co., Is owing to customers
mot being able TO respond. Mr.. William
N. Whitmore aid that his was strictly q
Commission House, their difficulty
was caused by carrying stocks fol
customers in the west, and this city
TO men who are perfectly good, but who
could not meet their engagements OF q
moment on account ofthe money scarcity
They will resume inside OF 10 days. VIM
Hoge 8 Co.'S. manager said that thei
junior partner Is In Europe, and that TIL
senior was suddenly taken III on satur-