New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-20
A SMALL BLACK FRIDAY.
INCIDENTS OF THE DAY.
THE FEELING AMONG THE BEARS.


Al the opening of business yesterday, the Offices
of Osborn q Chaplin the brokers Of the bear
rlioue Mt No 80 Broad ST., crowded with clerks
and brokers. anxious and worried, engaged IN de-
liyerinp stocks This house the principal hrm
engaged in "bulling" gold and bearing stocks
AT the time of the collapse Of the gold combination
il was supposed that they materially crippled
They however. remained Short of these stocks at
biph prces and on Thursday, after the greatest de-
cline of that day; covered" portion at an enor-
mons profit The stocks were delivered yesterday
in due FORM and from 10 a. m until after p H. tne
utmost excitement prevailed in their Office. Inc
clerical force and banking facilities were not equn
IN the emergency and there fears that the dc
liveries could not be fully made. The house, now
ever Maid out certified checks until after . p H.
and then made arrangements with those who re-
fused 10 receive their uncertfed checks, TO carry
the stock over night at the current rate for money
Despite the troubles attending their reception OF ING
stock it is generally believed that their house mas
realized between $9,OOOOOO and i$5OOO0OO by the
panic. -.,,r,, ,o,,.-,y
The Impressive tightness of the money mar
let seemed to become greater the day adj
vanced On the Stock Exchange this tightness was
remarkable a difference of gper cent being noticed
between the quotations Of cash" and regular
.toclq At "Poyerty Corner" an immense crowd
had assembled but there were no transactions;
the rate bid ruled over one per cent per dlem III
some cases few loans were made privately among
friends at rates unknown and upon gilt-edged col
loterals But practically there were no operations
in this line. Many of the dealers did not make up
their bank accounts during the night, and contented
themselves with sending collaterals to secure the
hank. and apologies to mollify the already greatly
worried bank officers.
EFFECTS ON FOREIGN MARKETS
TRIR1-NE reporter inquired of Brown Bros. d
Co. Drexel Morgan 81 Co.. and Morton, Bliss a. 20
s TO effect of the panic upon the money markets OF
Europe He was told that the effect, so far a. they
were informed. was very slight. In London some
excitement might be created among the stock
dealers. but it would be confined to
them. One of the firm of Brown Bros
g. Co. remarked that the panic had been
exceedingly limited in it's range here. 1t was con-
fined TO he stock spectators and ought to produce
no effect upon the banking mercantile interests
II hanks had been carelessly managed or had en-
gaped in stock speculation, they would have TO
sufer and the public would not be the losers by
their suffering: but the legitimate business OF the
CITY and country ought not TO be shaken. Trade
was never in more healthy condition the crops Ill
all parts of the country never better, ana the
general prosperity ought not TO be ahecteu 10y Tue
action of Spectators The panic was the result VI
over-speculaton in railroads and railroad stocAs'
and did not seem TO extend beyond those Trims
which had been cheaply engaged IN them lie hau
seen list of twenty firms who had failed, ana All
the names except those Of Fisk d Hatch were nm
known to him, though he presumed they were well
known ON Broad and Waists The old houses
seemed TO he safe enough.
THE sHERIFF's OFFICE QUIET.
Ills worthy of note that while during the panic
of 1857 the clerks and officials attached to the
sheriff's Office were busily engaged for weeks, by
day and night, entering attachments levies, and
other legal processes and attending to the business
incidental thereto. perfect quiet reined in the
Sheriffs department Yesterday. Indeed, the unusual
quiet of the day there the subject of much com
ment.
GENERAL EFFECTS ON TRADE.
The effect of the Wall-st. panic Oh business outside
the boundaries of that region is not yet of
consequence and will not be unless the panic con
times On the Produce Exchange, for instance, the
dealers are not doing much business and prices have
slightly receded. There is a reluctance to buy or
sell until the conhagration among the stock houses
has been got undericOntro and the runs upon banks
and trust companies have ceased The business of the
present week among shippers was mostly concluded
before Friday and the bills of exchange drawn
against shipments disposed Of OF course If the panic
should last week longer shippers would have diff
Guilty in placing their bills and little business could
be done Nobody would be willing to sell unless be
felt sure of the solvency Of the purchaser. Very
few business men could he found who were willing
to venture any positive statements and those who
INDUCED in them cOntradicted each other, as might
be expected in matter whose issue is utterly un-
certain. The utter absence of panic may be noted,
however as a most favorable symptom
THE BANKS UNDISTURBED.