Evening star. [volume] (Washington, D.C.) 1854-1972, 1886-12-15
I'd EDITION.
Latest kilograms to The Star.
THE PANIC IN WALL STREET.
Causes which Led 60 it-BetseF Feeling
This Afternoon

Causes which Led 60 it-Better Feeling
This Afternoon.
NEW YORK, Dec. 15.-The Evening Post, in its
financial article, says: "The semi-panicky con-
dition OF yesterday evening was developed this
forenoon into full-nedged panic in some
Cline ns Of 'e sSeee e2senaed 'ps
Ing s,,, to -, good many better propeTrsis,s
These aec IS no IN but Rsne
was brought about partly by design. few we'll
known capitalists are known to have called in
oaSed ap 70 IN Is and IS per cent
annum The sterling exchange market was en-
tirely demoralized by the pressure on the money
impossible. The New England election also had
something to do with the panic. The Boston parties
ing that they had been ousted immediately began
to throw their stock overheard, and the New York
parties, who now control the road, knowing this
doubleday mean to buy their stock back. The
Reading clique also found 1t impossible TO carry
ner ,, load OF that stock ana and hsx Sn
doing gradually fol- several weeks past, viz:
unload. Behind these special causes was also the
ern stocks must collapse, which it has. It is
worthy of remark that SO large and SO sudden a
drop as Is shown above in the short space OF two
hours caused no failure Of importance the only
Marx & Co."
RuMoRRD RANK TROUBLES
afioat regarding the banks but they can be traced
to no foundation. A representative OF the Asso-
eiated Press has Just S visited
situations and has been assured that
there is no trouble in any OF the associated banks
BANK was strong in his denanciation q the ramor
1nOngers and said: "There is nothing in this
whole thing but the loud talk of Wall street
Some few small brokers' firms have been caught
ON the wrong side of the market, but have made
private settlements, and no further suspensions
are anticipated at this writing.
The market at its lowest showed decline OF
to ID points all along the line. 1t recovered to
5 and is selling of again. Money has advanced to
50 per cent
STILL THE PRICES GO DOWN.
2:15, Wall street.-The stock market since 19
O'Clock has shown much less activity although the
transactions would be considered extremely heavy
on any other day.
Prices were much better and recoveries ranging
up to two per cent We're made by p ~, but later
the decline was again resumed and the lowest
figures yet attained were reached.
The most conspicuous movement WAS in Man.
haitian, which was weak when the remainder OF
list was firm and its decline from the morning
figures was on per cent.
The remainder again showed some improvement
towards two o'clock, and at 2:15 the market is
very active and irregular, but generally firm.
1t Is claimed in certain circles here that the al
legged disastrous effect which the Interstate COM
on the railroad interests of the country has had
considerable influence in creating the present de-
preston.
THE SITUATION IMPROVING.
WALL STREET, 2:3O p.m.-The situation Is gradu-
ally assuming it's normal condition and more con-
tident feeling is apparent.
Eight Rounds With Hard Gloves.
NEW YORK, Dec. 15-At an early hour this morn
ing an eight-rOund hard glove contest one OF the
most desperate seen for a long time took place in
an uptown club house. The principals were
Tommy Danforth, the feather-weight champion Of
the east, and Mike cushing, lightweight boxer
OF Brooklyn. The result was draw.
The Virginia Midland Railroad.
ALEXANDRIA, Va, Dec. 15.-At the meeting OF
the stockholders OF the Virginia Midland railway
held here to-day Thomas NJ. Logan was elected
president in place OF Mr.. HuidekOper. The pre-
sentatiOn OF the reports was postponed till the
22d instant.
New President Of Switzerland.
BERNE, Dee. 15.-M. n. DroSe, now vice presi-
dent, has been elected president for 1885, and NJ.
+. w. HertenSten the present minister OF war,
has been elected vice president Both are radicals.
FINANCIAL AND COMMERCIAL.
The New York Stock Market.
The following are the opening and 300 pm prices
OF the New York Stock Market reported BY special
wire to H. H. Dodge, $50 10th street: