Evening star. [volume] (Washington, D.C.) 1854-1972, 1882-03-11
The Defaulting Clerk Cornwall.
THE BANK LOSES ABBOTT 100000

NEW YORK, March 1.-THE vice president OF the
Fourth National bank stated to-day that the bank
had recovered all the securities that Charles III.
Cornwall, their defaulting clerk, had hypothe-
Gated and tfat the Institution was loser to the
amount amour Of about $50 Geo It Is stated in federal
torney had sent a communication to the officers
OF the bank requesting all the data OF Cornwalls
acts. Upon this the district attorney will predi-
cate an affidavit upon which a warrant Will
be issued for Cornwalps arrest and
he will be brought to this city soon as he is able
to leave his home. Should he demand an eXami-
nation In New jersey it will not be opposed by the
district attorney; but after It's close he will be
mcnt has been found against him by the grand
jury.
The Waters Falling in Arkansas.
LITTLE Rock, ARK, March 1.-THE waters are
reported falling In the overf1Owed districts, but
stories OF suffering continue to come in, and the
number OF destitute Is constantly Increasing.
Severe Snow Storm i'm Iowa.
MOUNT PLEASANT, Iowa, March 1.-THE most
severe snow storm that has been known for years
ragged all day yesterday completely stopping all
business.
Wall Street To-day.
STOCKS FEvERIsH AND LOWER RAID NOT
ENDED-DRIvE ON THE COAL STOCKS.
NEW YORK, March 1.-THE Posts financial artt-
Gle says: The Stock Exchange markets to-day
are feverlsh and lower the ability OF leading spec
ulatorS to raid the market successfully not having
apparently yet r reached ed Its end To-day tue
coal stocks, on the ground that the con-
ditiOn Of the coal trade Is unsatisfactory and,
so far Jersey Central Is concerned the stock
OF one or the other OF the cOnteStng parties the
control Will be for sale soon as the contest is
decided II 1t Is not before in anticipation of the re-
suit. jersey Central, which yesterday sold as high
aS 9Ozs, closing at S62s, opened to-day at S5s.,
advanced to So, fell to s1b, which is the
price as we write Delaware, Lackawanna and
western, which yesterday sold as high 1884,,
closed then at 11Ss, opened at the price TO-
day, advanced to 118a, and has fallen to il7l the
present price. Delaware and Hudson has fallen
to 104 from 1861 yesterday; Reading to sex from
57H yesterday. The drop in these stocks up to
noon had the effect OF lowering the prices OF the
general list Aal1E per cent, the latter Canada
Southern to AZ, but since noon there has been a
fresh decline or 4a2s; the latter, Lake Shore, to
hoy. AS to the general speculative situation tt
can be summed by saying that dealers in
stocks generally are thoroughly demoral-
lied, and that the market is apparently
under the complete control OF q few wealthy
spectators who seem bent on driving prices
lower. The Juror to sell stocks is as wild
as was the craze to buy them early last year; In
other words Wall street is now running to the
other extreme. United States bonds are ). lower
for the as, and otherwise are unchanged.
Southern stlte bonds are dull and steady.
RAILROAD bonds are down Aa2 Der
cent, the latter Chesapeake and Ohio currency
stxes to 49, and Mobile and Ohio rst debentures to
81 The money market is easy at sac per cent for
call loans on stocks and 3a3k per cent on U.s.
bonds. Time loans and prime mercantile paper
are unchanged. The market for foreign exchange
Is dull