New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-04-21
MONDAY, April 2o-P. NJ.

Wall Street, departing from its usual habits Of
late has been the thoater of much activity and ex-
element to-day There is nothing new IN tie stu
alton at Washington 20 disturb the serenity Of tic
Stock Exchange, and the market opened in n some
what feverish state at prices TO per cent below
those prevailing at the close on Saturday last but
soon after the opening savage attack OF the bears
upon c., G. and ]. c. very soon brought that bght
fancy to gief. After sales at 800 it soon commenced
a downward spin, which continued with uneom-
monty large sales, till the price had declined over 10
per cent, the Of quotations running AZ ioi-
lows 30sG3Ola %. G292 %. a 29b a % RS SG2t
4D278027l027,a an 26. a 26l a G3a@ea%ji
Q25t025G $40 25G2i3 "a IA 024023A a 231 a 3d 23s
023. 023s 24G 49, a %! 24G 23.a 2S3E ~S!G %
Q222Q22l 22t a 20! a 23sfG23 23lG25.@ Ss
G23I 0aiQ232 "a 234a 23G 81 a 22s a 224G 22a 2l.&I
a2OI920I a 2Ota2O. From this point which was
lust before the Second Board, the stock
struggled and yibTated between 20 and %,
finally closing at 2l} on sales of about 5000
shares During the late decline IN the general
market this stock had been notable for its
steadiness, and it was supposed that strong
clique were manipulating it for rise, aud had
placed the shares p to % in the hands OF brokers
in the street who were carrying them. The failure
of the prominent parties in the management OF inc
speculation to take care of contracts maturing To-
day resulted IN pracucai ueIiult, anu 1h' ''HrN-
quent sales Of hypothecated stock broke down the
price as above mentioned. Messrs. CapIon d
Merriam, young and enterprslng house
started into being since the panic, are under
stood to have been carrying very heavy amount OK
c. c. and |. c. for the clique, and very likely upon
insufficient margins since they were compelled IN
the afternoon to announce to the President OF Inc
Stock Exchange their inability to meet their pecun-
iarv engagements No other failures were an
nounced and from the best information we have
been able to obtain it is not likely that any other
house will be seriously affected by the affair 1t was
simply a sharp fight between bull clique and
a bear clique, and the latter, under favonng
circumstances have riumphed this house, acting as
the agents of the too confident bulls, having been
crushed between the neither milstones The rapid
decline in this stock gave weakness TO the rest OF
the list, and stories OF i'll omen which were indus
riously circulated by the bears aided much IN tho
excitement to depress prices. Among the stories
put afoat and which is believed to be utterly with
out foundation, was one TO the effect that Col.
SCOTS paper had gone to protest, and that
he was party to tho bull clique IN
c., G.. and c.. The whole market has been active
and the transactions have been large, the greatest
variations in price, outside of c., c. and c., having
been in Pacific Mail, Western Union Telegraph,
Panama, North Western and Wabash and prices
generally touched lower points than at any time
heretofore since the downward movement COM
menced. The market closed weak at decline of
10 per cent from the best prices Of the day Tho
following table shows the opening, highest lowest,
and closing prices of active stocks sold to-day