The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-08-01
A CRASH In PHILADELPHIA.
THE RESULT or A BULL MOVEMENT
IN the STOCK BOARD.
A Pool Of brokers that Tried to Force Up
the Price of n Fahcy stock One OF the
CLIQUE Unload aud Causing n Panic.

Pool Of brokers that Tried TO Force Up
the Price of n FaLcy stock One OF the
CLIQUE Unloading aud Causing n Panic
PHILADELPHIA, July 3l.-There was great
excitement this morning at the meeting OF the
Philad eiphia Stock Board, caused by decline
In nestonviile Passenger Railroad stock from
90 to Is. II Afterwards advanced TO 2s. Bond
Moxey& Co. have been unable to settle, ana
there are rumors to the effect that three other
houses are involved beyond their means. The
Board OF Brokers, at their meeting this morn
Ing, decided that the outstanding Hestonviue
Railway stock contracts should be settled at the
price OF IN, and all the parties Interested in
the stock at once settled at these figures, ex-
cepting i've small houses the most imnort mt OF
which Is Bond. Moxcy Co. The Philadelphia
Inquirer Of to-day has the following;
time and be e,n subrced TO nc special attention q
hulliunucnce during the pest SIX or seven months u
repre- N 60 9odsIion The Arch street road also,
soGe @ ave wee, SG %, Gi tnc GSare i was tssn selling
run the price up hiSn ngire, at which 70 unload
at a handsome Dront. the hands of some half
dozen members, hut cventuaiiy m Mddietown.
P1e S ,Se% ram on one sSf % 's ss Of S
Ger n bank in MT city They were sansS 10.
on the 27h Of June the frs. large sale, were nios,
sS3 & A'rss a sse r, reached sR @ e
three day. later. Then ensued the -Four o. y9ly re-
Hsbo shares day the price IN the mean time advane
ias from ssA % i' when it closed July sS 'h'a
oa SATURDAY: when TIE board closed: the stock w,s
looked serene Iis sad the trSnSls was caused % join
SnSe SeT q c6 share, ON the %srse snd the
almost smplisneou announcement that Bond' MSdey S
two oeloes 10 the .tern9on member o o. sne @ n,n of
OF sh rate wnG In naS sSe Soird vent 70
sSe once Of Bons %SIcy CO. sttsT eo,,nins
pose Of delivering his .tock ana obtaining the cash
,sere,or lie ws informed ey mempe of me nT na
he would be ooliged to wait The croker returned to
panic spseas result among the sculaors of Third
ss Board n ss % o ae the G Bank %Sr re
for hour aud half two hours there was the great
In less than half an hour siterward the news spread
os S HaS 90 sSSs Sss snare on
SUBSEQUENT dlsros'tion on me par, OF oronsrs ana 40
81, and CLOSED az that nsure.
ns snf ,ns erasS sme decided upon hoHs specS
meeting They adjourned to the oosrd room and after
BoSSd %oIsS co. in witch they .stSS they rad pe.n
% %ee s some SsSd 81 n ss' aSS s.kes se
they would endeayor to make everything satisactory
According TO the last report OF the Hestonvile Com
OF stock Of the COMPANY IN ehsteIce Is placed at 3i
per share which raised 20 eqnlvaenl o $40 per
snare by The consolidation Of the Race and Vine and
in's !. ,ae tSrS ii%e that the He.tonye stock ha.
blow that time II crushed several nrms. QUE Of
them oeing the arm OF work, MCCOuch Co. The
fall cid not do so much mischief but the trouble
Saurday sid to have occa-ionru the luss Of about
t2O' '0oi. r.ion Of which viii ia In small amounts
numerous brokers' CUT the greater iart Of the loss
fails the pool which I, sand TO have had IN its pos
session 10000 snares.
The house of Bond. Moxey 4 Co has been IN cxis.
tence aboul two years Mr.. Bond having oeen mem.
her OF the nrm OF GilbOugh. Bond & Co. whcn failed
| in 1873. Mr hoxey was then clerk with Glenncin
nns Davis TLird street Who the " CO." IA could
be learned The house ranked on the street
what IA known as . commission house. Among the
brokers great deal OF sympathy expressed for the
young nrm. and 1t Is hoped that they will De able TO
weather the storm.