Arizona weekly citizen., 1893-02-25
TELEGRApHIC.

NEW YORK, Feb. 20-There is much
 excitement on the stock exchange this
 morning. In the first few minutes
 Reading and New England stocks were
 drawn down, the former from 3656 TO 2915, and the latter from fl 15 to 3415.
 Northern Pacific preferred also quickly
 depressed about five cents on he dollar.
 There was no dimuni,iOn in excitement
 after Il a. m. Talk of receivsrship for
 the Reading road again depressed stocks
 to the lowest point. For two hours trading
 in Re ding exceeded anything ever known on exchange. At noon the mar
 ket was active at or ne the lowest fig ures.
 It vas but continuance of the
 slaughter of Friday and Saturday and the Reading def nder5 weRe routed, horse, foot and dragoons. The opening provided spectacle such as has been
 SC dom or never witnessed. When bus
 mess opened half of tre brokers in the ex1 1hanga were present. The moment | the exchange opened for business huge blocks of Reading were thrown on the | market and in idle of twelve minutes the | price had b. en hammered down 615 points making total decline since the downward movement began of 1615 | points. Pandemonium rejgned; there
 was wild struggling mass of panic stricken humanity. Brokers jumped, rOared, yelled. gesticulated. Opening
 quotation for Reading was 36.
 NEW YORK, Feb. 20-The Manhattan
 Athletic Club doors was closed today by
 n receiver ID behalf of credit rs to the
 amount of nearly S1,000,0O0. The build ing will be sold to settle the claims. PHILADELPHIA, Feb. 2O.-General Johnson and Thomas Harter, counse for the Reading r-ilroad came to the United States District Court this afternoon and
 are holding private consultation with Judge Dallas. 1t is supposed the ap- plication for receivershIp will now be made.
 PHILADEPHIA, Pa Feb. 20.-Applica- tion for receiver was made 5y ex-United Strtes senator Thos. c. Piatt of New York, as holder of Reading bonds The petition was granted and A. A. Mcleod, president of the company, E. P. Wlllber of the Lehigh Valley division, and Chef Justice Paxton of the State Supreme court were appointed receivers In bonds of S500,G00. Judge Paxton ha- forwardt q his resignation as chief justice to the Governor.
 NEW YORK, Feb. 1S.-Supt. Byrnes says he will not permit any further prog ress of preparations for the COrbett- M.toh III Er,h4 o.4 ! q 4
 to arrest all coUceroed if any furthea att tempt Is made here to cOnsummste bat tie arrangements.
 Charley Mitchell has conceded all conditions demand5 d by Corbett, and a light between the two men is now assuT- ed. The two parties met this evenir 2 in the office of the Dramatic Journal. Mitchell was accomdaried by Squire Abingdon, Baird, Baker, Abrahams, the English lawyer and Secretary B Hey Brady and Billy Delaney represented Cor Cett. Billy Madden was present.
 Sup srintsndent Byrue's action YVES discussed, and it was decided, as a safe
 guard, not to sign articles at present, and withdraw the money hald by Dick insOD. Accordingly, each man withdrew his SlO,OOO. An agreement was then
 NraWn up that the repreSs natives or each party should mess on Saturday, February 9, at 9 p. m., ,on the Canadian
 side of the Niagara Fells and there de-
 pOsit the stakes and sign articles
 Mi chell and Brady affixed their sigma
 tuTes to this agreement. I, was under
 stood that the arran zements as made
 today in reference to a fight should be
 considered as binding. There was some talk about increasing the size of the
 stalSao. Mitchell sad be was perfectly
 willing to make the stakes S25,000 each,
 if Corbett would so agree.