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Show Auothcr Wail (Street Tunic. 1 New York, 20. This has been an , eventful day in Wall street. It opened with the fail uro of Capron A, Mer- ; nam, and tlio C. C. and I. 0. pool, : and was followed by events which precipitated a panic on the Stock Ex- 1 change. Tho lailuro of the above was followed by various rumors, alt of which tended to disturb confidence and unsettle matters generally. There was a report that a railroad and stearu ship war was likely to result from the inability of tho Pacific MaU, Panama 1 and U. P. to agree upon some amicable ami-cable freight arrangement, and that the Central Pacific was about consu-mating consu-mating an agreement with an English En-glish company to put on an opposition opposi-tion line of steamers between San Francisco, Japan and China. All of the facts and rumors caused an enormous enor-mous pressure of sales on the street, and Exchange prices declined Irom 1 to 186 per cent., C. C. and I. C. leading downward. Alono time during dur-ing the p.m. there waa a ralley ot i lo L'i per cent,, but at the close the market was heavy and lower again. Money, from 4 per cent, currency, to 7 per cent. gold. There were some vague rumors that several banks were in trouble. Uhe heavy decline in stocks disturbed seriously the margins of the weaker cl.iss of speculators, and large sales for their account helped to depress, mailers. Ever I since tho September panic Capron A, ' Merriam have been carrying large amounts of C. C. and I. C, it is stated j as high as 21,000 shares. For a day I or two back rumors have been in l circulation to the etlect that about I , twenty thousand of these shares have been hypothecated at the Oerman-American Oerman-American Bank, und that in conse-1 conse-1 queuce of the change of management in said institution tho loan had been called, and that Capron and Merriam were not able to respond. Under the pressure of heavy sales the price declined from 'Sol to 20, and in three hours from the commencement 1 of business fifty thousand shares changed hands. Mr. Capron s tys the misfortune was) brought a tout by the treachery of those he supposed lo be friends, for whom he had agreed to carry large amounts of stock lor sixty to "ninety days. When tho market h.r-in tu n.jj fuming, the persons for whom he wan carrying this stock went into the market without any notice Lo him whatever, and sold every share they held. Most of the creditors are willing to make settlement on favor- j able terms, and the firm expect to be 1 j on their feet aaiu soon. Capron and Merriam are well known on the street, and much sympathy sym-pathy is expressed lor them in" their temj orary mitt'ortune. Money was active Lite in the day , and rase to 7 gold. Foreign Exchange J 1 was advanced tins afternoon, by lead-ing lead-ing bankers, to 4.Si for sixty days, and 4. Si for domand, but 4. S3 to 4.M' aro still about the rates for actual business. Customs receipts, S-if9,000. f O old closed at 14, after selling for ; U to lo,;. Carrying rates, 2 to I Iho Assistant Treasurer disbursed Si, mM; clearings, $23,000,000; Stale e bonds firm; government's firm. 1 |