Year: 1875

EXCITEMENT IN THE STOCK MARKET-THE BE-


PORTED FAILURE OF WILLIAM MoLLER 4


soNs-THE QUAKER BROKERS AND NEW YORK


STOCKS.


Yesterday there was an excited, and at one time
panicky feeling on the Stock Exchange. Lake Shore
and Pacific Mail suffered most Tho fluctuations
recorded elsewhere 1t was observable, however,
in the late dealings that some strong parties were
supporting the market. and 1t closed considerably
higher than the lowest prices Eric an exception
to the general declining impetus of prices and did no
suffer from the raid mado on the other stocks 1t II
supposed healthy short interest has been created by
the late decline, and would not be surprising If the
controlling spirits induced the little operators to
by bidding up their favortes but the inherent weak
OF the market is shown by the serious decline in
prices under not extraordinary pressure.


President Jewet of Erie yesterday received propO-
sition from London-which will be found in ertcnso
esewhere-rcfcrring to plan of reorganization of the
company which presents many attractive features. An
the shares however, will not be popu
lar with the holders on this side of the Atlantic with
the solid and practical who propose business
like solution of Erie difficulties.


THE SUGAR HOUSE FAILURE


the general topic of conversation In business circles
yesterday. Although the HERALD reporter refrained
from mentioning the firm Of William M0ller Sons as
being the house involved, their names almost
every lip Wall and Broad streets the opening OF
business Their strange denial of trouble when 1t
known that two pieces of their business paper were
under protest in a certain city bank was incomprchen
sblc folly II was openly stated that the City Banb
held SAT 900 of the dscredted paper, but that 1t wal
somehow secured. The firm also during the day, sent
the following to of the banks in which they
kept an account sayng:'I inquiry is made in regard
to house, you may say with all justice that we
have met and meeting all obligations they ma
ture Notwithstanding all these statements Mcssrs.
George and William Moller admitted the firms embar
rassment late in the day meeting II was understood
OF the creditors of the firm TO be held at the Office
of Grnne Mnurn & Co., in Wall street. at half past
four oclock p NJ Attendance the above place failed
to elicit any information. IL rumored that Mr..
Peter M0er, very wealthy relative of the frm would
come forward and arrange a settlement, and also that
the paper held by the large sugar importers would not
BE- pressed to protest. and thus only the small bills and
for. or course definite facts be cleaned from
this chaotic OF report information and contra
dicton and it Is left for the intelligent reader 10 draw
conclusions as to the truth and fiction.


WABASH MEETING


1t Is officially stated that meeting of the above
pany will take place in Toledo, October 8. 1t is
stated that plan of reorganization is also foot
in this unfortunate company.


QUAKER BROKERS AND NEW YORK STOCKS.


As of til humors of stockbroking in these grave
times, the Phladelphians, having only few hundred
millions Of their own fancy securities to take care Of
placed their stock list last Monday the following
speculative ianccs of the New York Exchange Lake
the Philadelphia stock list of yesterday before u.s. and
100 shares Of Western Union was dealt in-thc price
being 795-and this sale took place at the moment
IL selling at 10 in this market