The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-04-29
ECHOES FROM WALL STREET.
GOSSIP ON THE FifLrRE or MESSRS.
EUGENE " ROBINSON Il co.
Trnnsnctions Under the Rule In Closing the
Contracts Of the rirm-.Nccounts Much
Muddied- Robinson's Large Operations.

Trnnsacticns Under the Rule In Ciosine the
Contracts of the TIrm-Accounts Much
Muddied- Isobinsons Large Operations.
The excitement Of Friday was renewed in |
the Stock Exchange Mt the opening yesterday |
morning. 1t was known by many that the firm
of Eugene n. Robinson 4 Co. had settled for
their checks lrawn on Friday. bat il was also
known that large amounts Of stock would have
to be closed out under the rule for their ac-
count. Both bulls and bears were anxious to
know the result. The bulls were anxious, rs
they were DESTROYS Of getting back stocks loaned
t. the shorts a. we'll as Of having stocks bought
come in and the bears. knowing that the firm
had been heavily short. forcsaw another bear
panic when purchases began to be made under
the rule. An excited crowd of brokers surscd
into the Exchange before 10 A. NJ. and the air
was filled with shouts OF anxious purchasers
and sellers In few minutes Mr.. Salem
T. Russell, tho President. mounted the
rostrum and made himself heard. He
said. Here's where want YOU all. under the
rosirum." A pile Of notices TO buy and sell
stocks under the rule for the firm OF Eugene y.
Robinson X Co. Inv on the desk. Nearly every
small broker in the room had orders from the
firm the day previous. and ~ nearly all the
orders had been given with directions not 10
give the firm up. the brokers were OF course
held responsible for obligations which they
could not have responded to had the market
gone against them. The weak ones had nearly
all received orders 10 buy and the strength u
tho unrko, proved their salvation Many how
ever 10y the suspension. hal become short If
the mnrk,t (. r singular to state the firm were
long nf several storks. and short of others.
down the whole list as appeared blythe under
Tho ruiz" transit tons.
F6r hnlfan nour stocks wcrc bought in and
| sold cut Tor ihc hrm n,'ouhl 4, " 'Nu'u' q"
mark,t 10 trade ON. the brokers hogan 60 close
out transactions privately. and in tl'. way Il Is
estimated that nearly 10000 shares W T.. settled
! The l5ulO to 5u.uOO -uur, Is ou viii "a ifcreutc s
wcr. s'ttlod privately and qnlor the ru,,,. cm-
AMI EsseN. Delaware. ia.kawanna and Wcst-
! ,rn. Nelthwr-tTn c0mm.n and preferred. 81.
lT9 N,si.rh mon. ah 'i, ie eron roro
heavily Short II Lake shore. Western Union.
qnd the '.al 49, *. and w.re ionS OF ho'k
mudilcu- q banking nous could w"li ew INTO.
and rorrooorat,d nsser,.qrs were mnde tnatt44c
| AT lrnst
So Er.at "A disaster to leading bear operator
hi.i~rt riros became rampant h.lerc midday.
| I'll. lsiar- found few -vmIuihiz II except
among ih.m.ely.s. The & { TIA, r-e ia
| No inlls had for months boon ~tomn!ing the
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