The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1874-04-21

Lake Shore from 751 to 7Sl. New
York Central from 50 to 96a. Erie
from 3Ti to SO. Rock Island tron got
to 97S. Ohio's from 90. to 26t. Urion
Pacific from 81 to 33. At one time
during the afternoon there vac rally
OF ! to q per cent, but at the
fasl close the market Was heavy
and lower again and sudden and sharp
advance in money from 1 per cent
currency 10 per cent in gold, and
some vague rumors that several banks
were 10 trouble. The heavy decline in
stocks to-day disturbed seriously the
margins OF the weaker class OF speculs'
tors, and the large sales for their ac'
count helped to depress matters on the
Stock Exchange. Ever since the Sep
,ember panic Capron Il Merriam have
bsen carrying large amouats OF Colum
bus, Chicago 4 Indiana Central. stated
as high as "A 600 shareh For day
or two back rumors have been IN cir
culatiou to the effect that about 10000
OF these shares had been hypothicated
at the German American Bank, and in
consequence OF q change OF manage
meut OF said institution. the loans had
been called, and that Cspron 4 Mer-
ram were not able to respond. Under the
pressure Of heavy Gales prices declined
from 30i TO 90 and In three hours from
the commencement OF business 10000
shares changed hands. A large num-
Der OF creditors went TO the office OF the
firm seeking settler ent and after con.
siderable talk as TO the manner OF the
same, a prominent broker who had
been carrying large amount OF stock
ior the firm offered TO either carry the
stock for them at - or buy the stock
at 25, Cspron " Merriam TO pay the
difference due. This proposition was
acq quicsccJ in by q number OF other ere
dltors present. and paper was i'm
mediately drawn up and signed by most
OF the interested parties present agree
ing to this mode Of settlement, but come
OF the creditors who bad carried mar
gins down 10 20 refused to sign. and
then commenced the selling out OF
the stock under sale. fifteen hun.
dred shares were thus disposed OF
Mr.. Caprou SAYS the misfortune was
brought about by the treachery OF sup
posed friends, .or whom he had agreed
to carry large amounts Of the stock tor
sixty and nioety days. When the
market began to break this morning
the persons Tor whom he was carrying
this stock went into the market with
out giving him any notice whatever
and cold ever share they held. Most OF
the creditors are willing to make a set
tement on favorable terms and the
firm expects to be on their feet again
soor. Mes'rs. Cspron * Merriam are
well known on the street and much
sympathy is expressed for them in the'"
tenn porary misfortune. o'
Sales OF stocks Tor the day sos 900
shares, OF wh,cn 1000 were {. Z. n J..
lC., GA, 900 W estern Union. 81 900 Union
Pacific, $4,000 Pacific Mail, 25.OOO
New York Central, $4,000 Lake Shore,
2g, 900 Nor,hw ss,erp, 1000 81. Paul ,
| IA 600 Wabash, S. 900 Erie, $500 Rock
Island. The firm sent the following
letter to the Exchange:
NEW York, April 2Osh.
| To H. 6. Chapman, President
| We regret 10 be obliged 10 ahnounce
that we are unable to meet cur con-
uacts. Very Respectfully, g'sr
CAPRoN Il AERRiAx.
! MoSsy-Active late in the day and
rose to : per cent gold. Foreign Er-
chsoge wss advanced this afternoon by
leading bankers 10 81 Sc for GO days
and 4 s. Tor demand, but 4 80 and
4 So are .tll about the rates Tor ac,u'
al business. Customs receipts $a99,'
900.
GoLp-CloSed al Ia after selling al
lll4!0ll3I. Carrying rates "a - pc,
cent. The Ats slant Treasurer disbuHe
$34 900. Ciesrings $25. 900. 900.
STATE BosDs-Dull.
GoyERSNEsrs-FIrm
United States u OF 1881, coupons -......-El5
Fiye-tweutics (lE62l
stye-tueutte. lIHlll ~