, 1873-10-15

bo that Tho toclino WIS attributable to break in
New York Central, that stock having boon gon-
orally regarded as tho main stay Of tho market,
and "a tho boBt proof Of tho strength and ability
Of Vanderbilt. Whom tint broke, 1t naturally
carried down MIR tho othor Vanderbilt stocks,
and, iudoed. tho rost Of the list. Tho suspended
brokors wore carrying largo quantities. Of stock,
Tho ton and sugar dea]crs were carrying largo
quantitioB Of ahoao commodities on which thoy
could not renlizo, owing to tho peculiar condi-
tioa Of tho markets.
OPERATIONS on TIE doLp EXCHANGE
wero excited. Tho price opened at 10994, do
clInod to 108s6, but, IN consequence OF rumors Of
heuyy orders from tho other Bido to purchase
exchnnge In gold, there wna sharp advance to
1oos9, with reaction to 1ov>a.
MONEY! IL QUOTED TIGHT
at from lilo to H." Groonbaoaa woro Il bid, and
offered At u.
LIVELY RoEsEa At THE FIFTH ArENuE.
The corridors and halls Of tho Fifth Ayonno
Hotol wore throngod throughout tho oyoning by
groups at mon, who discussed o1cltedly tho
oyontB Of the day. Prominent among these wore
Henry Qlews, Col. II. g. stolbins, Frank Work,
1ltchard scllell, q. s. Bushnell. and Il. Cutting.
Tho great thomo soemed to DO the prospect Of a
worse panic than boforo, and tho ono hope ex-
presHea WAS of u return Of "hard pan." Ono
prominent operator snid 1t WAS
[ NOT 4 NEW PANIC:
QUO blazing up. They lal not boon saro Bince
tho 1lrns, and havo folt 30 all along.
In reply to Inquiries said tho cause Of tho fresh
outbronk was plain to DO Boon. Tho pooplo had
no confidence IN tho 1narhets, and would not lot
their money out. Thoy wore boarding with'moro
| avidity than at tho haginning Of tho panio, week
a ba ais 1G1S wh Is To- Sov Ssye to ST. ana
ed to crush tho private banking
houaoa and operations, Values are no longer Of
any consideration d 81! in tho purchase and sale Of
! we cannot bo much worso than We are.
| Othor brokers expressed similar views.
VIEWS OF DANIEL DREW.
| In answer to ioquiries regarding tho Wall
| know what to think. Ono mans opinions .woro
just as good a6 anothors In such timos AZ these.
Ho had mover seen anything like this panic in
his life. md Ind no clear idoa as to it's
| thought it would involve tho mercantile
| community, md yot everybody must DO moro or
loaa Affected by. it. Thoro wore go many people
holding securities Tho could not soil them OK
ocpt At :" great sacrifice that almost everybody
would feel the ofroctu Of tho panic. He WAS un-
able to suggest reason for tho prosont oondi-
ton Of affairs. In regard to questions in rotor
enco to tue resumption Of specie payments, ho
said that tho banks cannot pay greenbacks, and
ho did not 500 how they could pay .speoie any
easier. Tho fact Nas that everybody lad lost
confidence in everything. People wore afraid
Sdgr eyoryeGay I H0 h0n tak0d about Vanderbilt
| ITO the Associated Frtsa1
4 BLUE TIatE.
| New YoRK, Oct. 1I.-WalI streot has seen tho
! blucst timo to-day 1t has over known, 30 far IS
tho Stock Exchange is concerned, aid prices
touched in any Of tho panics Of tho past ton
yoars. Tho decline was attributed to various
Causes. Some hold that tho depression was duo
to the order Of Judge Dlatchford yesterday, in
relation to the bankruptcy Of George Bird
Grinnol t. Co., and said that until tho Injunction
was removed no ono on tho street could toll how
soon tho market might 10 flooded with stock,
| md. so long aa it continues. brokers will la
| unable to borrow money. Others
EXPLAINED THE HEAVY TUMBLE
by tho fact that largo amount OF stocks carried
on margins had boon sold in consequence OF
oral. It iB said TINT Vanderbilt has beou q froe
seller, md TINT Jay Gould has sold ont tic
stocks which ho bought III aud could not deliver
and has boon buying up gold. Orders have boon
sent in to-day from almost evorJ quarter
DIRECTING THE BALE or sTocKs,.
and outsiders appear pane-strickon. There wore
various rumors regarding both Daniel Drew and
Commodore Vanderbilt. The fact that bankrupt.
cy proceedings against Kenyon Coz Co. arc di.
rectod against Mr.. Drew, is significant; and Mr.,
Drow's transactions aro supposed to be at the
bottom Of tho difficulty with lloyd i Vincout,
as it has always leon
coHMoDonE vASDERpILrs POLICY
| no mattor what the consequence to other Btocks
The decline in Central from ss}6 to s2111
to-day IL tAkcn nj Blbn or tlle C0n1mOdore'a tt-
the tho Whole lst, in wsilcl, Western Union fell
from 57i1 to 40115, aud Lake Shore from 66M to
5919 cannot but bo disastrous to many houses
largely Interested in those stocss. 1t ia street
whisper that
TuE FALL IN LAKE SHORE
is partly engineered by the Vanderbilt party,
with tho intention Of getting control Of tho road,
Just as 1lar1om was goDbled up, as tno road
ynrl ron}rn1 An1tiler divisinn nf tha Vnnf1ar.
bilt party liquidatcd t0-dny on account Of the
withdrawal Of facilities from banks and private
monoy-1enderH.
Tho house OF Du,gor, Hubert i Leyingston
suspended iB said to bo in solvent condition,
and able to pay two for ono, but neither bor.
row nor mako collections. Thoir liabilities are
reported 1t $eooooo uhilo their assots arc placot
Tho failure Of Gillespie, Trowbridgs & Co. 1t
owing to customers not being ablo to respond.
n1r. William NJ Whitten1oro said that his war
strictly commiAslon house THOR difficulty
tho West and this city,--1non who are perfectly
good, but who could not meet thoir engagement
at tho moment on account OF tho money scarcity
They will resumo inslae Of ten days.
William 11ogo d Co.'s manager said that tht
Junior partner was iu Europe, and tho Honiol
suddenly takeu III on Saturday, while on Ills va,
homo. Consequently no buuineHs could be done
and H,HpenBlon became necessary until 11r
| Upge, Br., recovered.
THE AIR IS puaY WITH nUIoRs
| of OWL and disaster, and Names nro again ban
died about "a idly as over at any timo for thl
last tlroe wocks. The stroot il cortalnly In
pancky Bhapo, though 1t is to be hoped tho NOR
row Hill bring moro rcason, for the look OUTSIDE
Of Wall street is mono tho less cheering thar
this morning.
NEWSPAPER coAt1ENrB
! The Express says; hUnaer preBBuro tt
raiso money, titst-o!aaa dlyidena-paying stocks
hnYo bcon thrown overheard for Almoat anything