, 1874-04-21

'Cpok County y7a..........,...... YAK int pnr &nt
Town, county, mud ely 10 per
eefs eonMs e,, oo@oS gNae7
'''"'s 'H "ppr0''d eo'ia!erals,'" % ssloDsrot.
nj fly Nv T. noNn W nhr @ tn Las poan 1, an @ event
nro ~; rarrn, etfSge % II opG,pq .l WV tnu tall'
rincn,nt f,dt,n. osam Tt nuu tno Gon!nous t''!n
fnjlnwo9 hv srartr ,stio nrnan@ata4 n. sI "Ma IA,
tho Etont rn,nn,a T,o fa,il,na n1o1a .'atI.o
wore fowo v mo r,nra n 81 t
tors rnnorav It nno iimo X ,rna npron,u wv. ~.
nortei thnt p1,dol,,,ia r.ts"n1 nuiaIs x.e rs
tumble to moot his notds I,ihuirV nt % tio nropor @
SOURCES fslo to anhstontotn t}n rnor If ro
This vas ,ooweS 4, y report ths rrSsen' m
ha Kno1 Snn rn sn
instrnofipns to Natlonnt 1anre ron,,;rnr tRnt, tn
cnll homo thcir icEnl reserves npw Iloli IN ro. O.
llomption oitioH in oycoas ct fin n,nornt ro.
quirel under tho now ~ INV ~
ehin wnr VIVA hlnv h rnault fro,n the inahiiitv
Of Tho Pacific Mail steamshii, auu Tie pspnr,a
aud Union Tacillo iailroads 10 agree u,ou sorno
amicsblo froieht arrangement, did tlat Inc Con-
agraomont with M English company to nut OIL
MI oppoaition lino Of yto1ners botwoe,i Sun Fran
cisco, Japan, and China,
All tho faots and rumors mentioned above
caused an enormous pressure OF sales Oh tho
Stock Exchange and prieos declined from to
10M per cont. The Cincinnati. Columbus Il
Indiana Central led tho downward movomort,
and declined from 90s6 to 20. Pacific Mail was
tho noxt weakest Stock and foil from 10 to s816,
Then cano Panama, Which dropped from los 10
clinel from 3Ds1 to 2G16 for common, and from ,35
to 80 for proforrod. Wabash was also
very woaa, and fell OF from AN to AK. NORTH
weBtarn nnfl ST. Paul common stocka wore frooly
pressed for sale III consequence Of tho prospect
the new railroad legislation OF the West being
put into operation. matorially reducing rrosont
rates Of freight; tho former declined from 5OX
to 4791, and tho lattor from 4O116 to 38s6, Wost.
orn Union dropped from 74lS to 7lL: Lnlo
Shore from 754 to 73li(: Now York Central from
98 to O81{; Eric from 37gl to 90; nock island
from v9l to o9sx Ohio from 2o1 to 2gI. and
Union Pacific from B4M to 33,
At ono time during tie afternoon there waa A.
rally Of 15 to 215 per dent, but at tho fl,al close
the market vas heavy and lower again, on tho
sudden and shnrp advance in money from / por
cent currency to 7por cont gold. md son1o vague
r,,morB that sovoral banks woro in trouble. 'oAo
Tho heavy decline IN stocks today disturbed
seriously tho margins OF the weakor class Of epec-
"sss o des sna ] a1ss s ef 1 Sst h9gsa
since tho September panic Caprou i Merriam
havo boon carrying largo amounts Of Cincinnati.
Columbus & Indiana Ccntral, stated as high aB
2l000 shares. For day or two back rumorp
havo baou in cIrchlhtion to tho effect that about
10000 Of those Bharos had boon l,ypothccatod at
the Gorma11- American Bank, and that in conso-
quonce Of tho ohanEo III tho management Of tho
said institution, tho lonn had been called
in, and that Capron l. Merriam wore not ablo
to respond. Undcr tho prossuro OF hoavy Balca
tho price declined from 30J1 10 TO-. ani,. In
.nfoo r on6s W. from TIC commencement Of husi-
Of crodtog wet e the oco a tEo
III aa ao e @nu ~ sltSr eonsdGs
aa,sa anse s'..1 ~ ~ tIu mannof o. obtaining tho
ir'm Wy lug naa ueon carry
4ns " nn.utut ~. y. stocA 19l ttlo nlm, oAefcu
~ ~ e1ust t"tty tne a HsgcM lor them ~ ~ or buy
ti,o iTa-,.,so ~ ~ H., oHHu , auuiln to pay
Wv uac,oAco uuo' 4u!s proposition was
ae1nloscea IN ny number of other
drawn drawn up and signed hY most Of tho interested
pnlt!es plesoht. agreeing TO thls mode Of settlo-
ut tt,'a nnt soc a cfsasots who nau carried mnr-
0 uIw aaiia ~ ~ a 70 ana thoa com
., u.'seg n:u.us ~. Goo " tuo stoch unuer tAo
.,ao"1 - NJ nnn.,,. a.. nn".as Mefo tnus us
yns ro,ht aiot III to eSn tya,car suu.n ~ e
s,,nnnaod Mma frn y uo @ ttuncnSIy nt those no
~ nrre lave a,,o,,,,ta W." SO 4au M ustetr
fo* a;y+v n,,a ,,;,at', ~ WIS 11r1ela nnocA
lin nnr,,ot ~ toon', n ILL.,. ise.,- "uo1a t,.,a
morning tho ncrsons fnr wlon e tvna ,orr1;1, i,le
ta ,ro,it ;ni eo ~, mng ~ Mas cas.Ylng
49, ~ ID; M. $500 ~ w. :HIs ,s "tsuous any W.
III W NIL "natGser, a9lu solu every snare tlloy
ticn1ont on favornble terms, aud tLo firm expects
Mobara Capron T. Merriam, aro z,o1, Jnour ~.
Wall ufroot NM ,o.,,1, e,,,,nt1., T. ~ . ~
viii tem in their omporsry nislortunop It Expressed
c,ahod aho urn aont tic following letter to tho E1
sess C. u oSss to announce TINT wo as. up-
nbe to lnces Our contracts. Vory respectfully,
CApItoN K MERRIAM
Money VIM nctivo lato IN t,,n dnv mud rne, ~ -
nav cnri "ia 'a'o '4 s1'o '''s, "nu to6o u