The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-04-13
SCALPERS GIVEN A LESSON.
THE sTOCK ENtHfNGE TO PUNISH THE
EiNIC CONSPIRITORS.


""N """'"s .."'h upon the omeer- OF
Wall tra,t ,,,a ,.,,,,,,,r,ti,.,,t,, ,,,io, ,.
" 49, VOC N'''f''"'N'iv p"iV, E'9-
tcrday. hut still there was considerable excite
ment and mo- little nnvictv no T., tho Immediate
-. ,,, =, vs. Wv w
'"."''' inc 'cau'hg operators hlhiicstedt heir
determination TO sustain the market at all haz-
nrda TN. nutl,,k ia ia. ,or,,i,,,, ,,,a ,i,,,,,,.
MI 49," ~ w ,''oi l" NIX was s'"o'iS'
INC panic Oh inc Jay before hnd greatly de-
pressed values, and had. besides. rendered the
market fcy,riah anil o>,,,,,,i,,,,li,, i,,,..o..,,
",'t' A.. ~ ~ =, .p''''""' mp
aol'' so that story well Put together and art
fully promulgated although of doubtful nuthpn-
ticitv' might have crco,"I ono,her hrcal Ito
u'"N' m'tn' n"N' cr'"Wu "ho'hcr prcak IKE
that OF wednesday. But those who have
long been pronounced bears I'm the mar
H.. -, -, =, -, -
because their convictions had Cringed.
but because they desired to save the
maj W. 'io'" EV'''" panic "iiu inc result
was that the weak -knecd OF the buIs.took cour-
ugc. and held their ground with will. Another
,rav.,tivc ~, , ,,,,,i y, ,,.o. ,i,o o,,i, =, -
preventive oi pune was inc h't'oh ot one OF
the leading banks. This institution held lot
of collateral securities for n lonn md had nd
mt, ,I .,,,,..., - '
Ner'S'u 'nc coha''rals lur sue. Inc collaterhS
included $50 shares Chicago. Rock Island and
Pacific slno oach. 4 aoo sborna 6,hi.,o,,,, NM,
x'.,t,.,. zoo ''',,' 9''''' Ni'.'e' wv,
N'rthwes'ern' $50 shares Chicago and
Northwestern prcfcrrcd 100 shares West
ern Union too shares Hannibal and .,
Joseph and $1,000 worth Of IN" nnnds ~ ths
\tff ItkN st.4r RstlY md hmm
runrnrt.rd hv ihnt r.'rr,r"ii"p 1hr .alo LnJ
been announced for II 30 i. ~. hut msi before
lint hour The a,i'tion"ers M.ssrs MnlI,r &
sons were instructsd NOT Ia soil Tho instnnt
thn nhnud,nmcnt of ,hc snic VIVA a,ri,,n"i
The ton" 81 The MARKET imnr"vei Thmr,,e ',,, b,.
no doubt that the -nic Of a BLOCK Of 1 100 shares
of Nnrthvnstnrn nv niiatinn ,,.t.ri,v ,x"ilJ
have been rrn,in'tive Of n nnniS ' "V''N
'rb " iiir - ,rh va 49,, =, r, ,i,,. ,, i. A.
thair sto.t ~0, ia" M, ', ~, 'irV"
lrssncss. hut when they saw il inL"n hy lie
very men they had counted unon the ,lay hrf,rc
:
soon decided thnt IA" ureri,,iiati,n ~ N, MN, ,,
would il. unvris" Wv N''''"''o" "a p"H's
Through"ut The afternoon tho rrnor co,,.
~, No., ,r,. h,, I'LL, ,' !, ruuI coii
known lin, ,hc s,.l y .r,, H. vi a. 1
to trace the runor n,nnerrs 10 their hannts anJ
punish them under iii" law noss.1 nf"u, w.,
Years AGO Fnrtuna,eiv flo hr"t,rs r ,c Nv Nv"
cooler mood nni the rumors ,y"r,, u"hrci,d
ON, ~ fhns1 run,nra v,,,s li,, Ill., ri ii,
Eailrond b.inr shnrt nf ,unnev VS. h,,,,,i ~
eating it, own stnrk and another related 4, thn
r uiIl'asy Isl % Ettu IN tnc M'st 10y certain raul
i y,, WIFI s9,' IA me East At proht hay
first rumor il may he. snid thni the Knek I-lnnd
bb2sd Gglfs lbSo9 shprs OF n own stock and
second there II no such positive denial. for II Is
ans' tu'n tnst spulnilon IN gram Is besctting
Into i'm tLn nitsrnron prssidcpt D,clso, 81,
NE NE pelawsre ani Hudson Canal COMPANY
and western Raironi Son,anv. ,dyih c.
idnni Olyphnnt Of The pafew1re ma unj,,,r
end Stcad pn x ~. N",piss irrNins'
change To- consult IA +" the h.st means os *
cov,rin, mo nrii,ino,nrs ~ 10 nn1,,,,. -.
Hudson rumors ~ Wednesdnv and ,n al wv" i
Sn uS S TGe aa Of n s%.T Es1
Commitie" ta maRe thorSnh u,fsanis
After discussion il was docidsiin oisr n y,,warI
originator Of the rumor - '''S "u''0i "a
There was consiJ.rshla tra,,,r o,,,,,. 49,
tain brokers when il WINS nnnnnncaI III, ,ho
Stock Exchange and the Injured rn,nnnni'.s H.
tended ia ur,,. a "a en- f,r.e,,,'rt - ~ L., a..
runor- ~nlciilui~J Il, in,ura s,,.ls All .,,.,,1
II the youup ,,uti.ntrn hurri,'it ~. b.lo,,,,s'
Caual CoInrnnv's N T., % av Main -
The Delaware and Hudson canal Componv
Whether the charge is ~ ha llh.l or .,nst,ira,.,
il MOI vet known II il. b.li.N.l ~ "A, ,b ,.,.,-,
have already been drawn nm In v,.t,irriilI,t
Tribune appeared the following parsersrh.
the eoinfany i. nile 70 .t.aS Min rn.in e :"
last s that the Vt the alleged sppca,.on Tor
The ar uininent Of receiver him early IN the
srin"h ~ directly mat at The time be had no reason
diced m, thhi haSrer ,b us i a wa e.n,fs
deferred Tor The tine and ihat the @, ny
were already prepared II was h. imires.on maj he
dcan va on, ior the rurpo." NJ allowing the officers
ru ne m'c'es ~ position g. carry through The matter
" ~nsg Nh '' s e,,,s WIN r n ~e
e-, II ~. Ia be-, 0re.tnied hv me similar mann ir M
case ~ .i,r..n aesin.i W. company. which w1ii be-
reached Non the calendar WITHIN IN. n.Nf Two Woes.
The Ulcers ~ the conranv say that ,h. f,ra-
going Is unguaihedy false 1hoy ara. tf.y
they aver that the Yfu,'7s nioti," IN Inn. IT.
T., King fnrnl IL r,rruut nn,i Interested "
keutiV. 10 tho failure Of N.,iu..dnv Mr.
Kennedy Of H. Kennedy 4 Co s,rl y,et.,rlI,'.
"Of course our sustrnSien yas due dir,.,flv T.,
IN his stocks lay 10 'i'N'''"'' !" margin
Mr. Kennedy exhibited To- rcnor,or Tor Tur