New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-04-13
WALL STREET AFThR TIE FURRY.

ANXIETY LEST HE FRIGHT OF WEDNESDAY SHOULD
BE FOLLOWED BY FURTHER DEPRESSION AND
ALARM-NO NEW FAILUREs-S2O,OO0 REWARD
FOR THE AUTHOR OF FALSE REPORT.
Considerable anxiety was manifested on Wall
Street yesterday morning what would he the result
of the days operations after the excitement OF Wednes
day. MANY bankers and brokers came down town un-
usually carly, and the Stock Exchange was wei!
filed At tse opening OF the board Inc ru-
mors of the previous day caused many 10
fear that other failures TO follow that OF Wednes
day. and all the operators awaited anxousy the course
OF events The earnest inquiries fol the latest news
and any new developments" asked III whispered comb
Deuce constantly repeated on every hand III was
apparent, however that the "sensaiion committee had
adjourned forhe day passed away without the announce
ment of any startling incident affecting the street al
though as compared with many other days OF recent
dale lively business was transacted. The events OF
the previous day were very freely discussed their bear
ing Oh the future market forming the principal subject OF
conversation among the knots of brokers TO be
throughout the day.
There were no new developments regarding the failure
of II. Kennedy & Co. Mr. Kennedy stated to TRIBUNE
reporter that W L. not directly indebted TO the
firm but Mr. Tracy was III, and Mr.. Scott held his
power OF attorney to transact his business FOL
him. The firm had therefore looked to
Mr. Scott for the necessary assistance Mr.
Tracy he said, owed the firm about 100000 In adj
ditiOn to the margins on Slocks
would aggregate between 100000 aud S25O,000 more
II the firm could have obtained the amount Of these
margins it would not have been compelled to suspend
Matters. however, looked comparatively bright, and lac
thought they would be able TO business i'll few
days
The Law Committee Of the Stock Exchange, Of which
John b. Norris is chairman, in session during The
day il was UNDERSTOOD investigating the reports OF
Wednesday affecting the Delaware and Hudson Canal
Company The only information in regard to the matter
that cOul be obtained was that the committee bad
passed a resolution Of secrecy, and nothing would.
therefore, he made public al present Late in the after
noon it was learned that the cOmmittce-conssiing OF
Mr. Norris, II. W. Perkins, and G. NJ Stead
met with Samuel Sloan, President of the Delaware,
Lackawama and Western Thomas Dickson, President
of the Delaware and Hudson, and one other person,
whose not stated at tie Delaware and Hudson
Office in the afternoon. and discussed proposition t"
offer reward Of $4,000 for he discovery OF the person
or persons who started the rumor on Wednesday that
the officers Of Delaware and Hudson Company had
applied for a receiver. No decision was reached, and
another meeting will be held this morning to consider
the matter
The President and managers OF the Delaware ana
Hudson Canal Company say that all statements to
the effect that the COMPANY, any OF IFS officers have
applied intend TO apply for receiver, or have any
doubt of the sovcncy of the company, or that
any of its officers short of its stock or de-
sire to be so, are wilfu and malicious false
hoods, originated solely for the purpose OF deprc-
eating the securities and inurng the credit OF the com
uany They also say that they desire to give the gentle
man who has been mentioned as ntimating things of
this sort from his knowledge OF the affairs OF the com
pany" an opportunity TO prove the truth of his state
mcnts
An evidence of the excitement In Wa-st late in
the afternoon found in the following circular
sent around among the brokers:
MOST IMPORTANT MOVEMENT
Ia. al AT