The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-04-06
WALL STREET NOTES.

ELECTION OF PANAMA RAILROAD DmECToRs-A
UNION PACIFIC FUsIoN-THE GOLD GRABBERs'
aAHEs-AN ERIE EXPLANATION.
An election for directors OF the Panama Railroad
Company took place yesterday at their once In
Wall street. The following gentlemen were
chosen:-Messrs. Join NJ. Burke, char es G. Franck-
lyn, OF the Cunard steamship line; Senator John
i. Jones, OF Nevada; William Butler Duncan,
Trenor W. Park john G.. McCulloug : General IL.
II. Baxter, $. @. Thompson. H. G. Emmett, Corne-
Illus X. Garrison, Frank Work, OF Scott Strong &
Co.. and George j. Forrest.
glance at these names Immediately suggests
performance OF the linton Pacific interest, ana 1t
Is only reasonable TO suppose that the ticket was
made in accordance with programmed pro-
gramme. Adroit stock spectators threw out
hints that there was some nItch IN the arrange
ments by which Pacific Mail interests would be
slaughtered but the course OF the latter stock at
the close 0I tle market lndIcai ed otherwise.
THE BIG BONANZA
continued TO excite the cupldlty OF the operators,
and II still persisted IN an upward course The
puDlic are warned now, as heretofore in this
column, TO let the reckless gamoers STOCK their
cards without aiding them. ana especially OF the
safety non-In PREVENTION. order not to become
the victims OF cheat and conspiracy almost I'M
equaIed III the History OF American speculation.
THE GOLD GRADERS
plousiy protest against movements In the precious
metal, but enough was seen in the market TO indi-
cate that the pool recently reported to have SOLD
out is manipulating the market AGAINST the best
interests Oh traue. GOlu was arm nearly All uay AT
1l4A, and, although the members OF the recent
pool. when waited on by the HERALD representa-
tive, expressly denied any participation IN tue
advance, SUSPICION points 10 exactly the same
houses is leaders OF tie UPWARD movement Mer-
chants viii do well 10 buy the precious metal as
they needIt Tor duties and not aid the specula-
ti0n by short sales.
THE COMMISSION or Mr.. JOHN Q. SEW
to be the Treasurer OF the United Stltes was
signed to-day by PRESIDENT Grant and forwarded
TO Mr.. New, ut Indianapolis, Ind.
THE RAILROAD ACCIDENT
Chicago.
reported yesterday, VIII entail q loss OF pei hapS
OF nearly 100000 was in the EXPRESS car ana was
scattered IN every direction Dy the terf0,e shock
The revenue receipts yesterday were $500 600;
the customs receipts, 100000; national bank
notes received Tor redemption, $3.50, 600. There
was no particular demand Tor money yesterday,
although one or two efforts were made to produce
an artificial stringencY.
1t ~ believed in regard TO the railroad war,
about wncn so mucn ha been written Of late.
that negotiations are pending TOR a compete and
harmont settlement or all dIflcultlea In lace,
at a late hour yesterday tue terms even oil the
ompromise were made known. Taking COM
mon sense view OF the situation, this seems
reasona lie, because tue canals WIll take large
portion the business rom the railroads upon
the opening oil navigation, II the latter do not
invite trade by favorable rates.
ERIE IN LONDON
had a blow yesterday OH account OF runlOra o. an
expose OF frauds by recently discharged CLERK,
which were not considered OF any importance by
the directors OF the company here. Mr. WI liam
b. Duncan, when IN London recently, took meas
ures TO abandon the transfer agency for stock and
TO close the onlces the. O, discGdTglng R tho
tilted TO continuance "a salary, which was DIS
allowed.