Evening star. [volume] (Washington, D.C.) 1854-1972, 1865-03-17

will per N but limited umber of trade stores
sufficient only TO supply the necessary wants
Of the community.
FISANcIAL.-From the New York Express
Of las. night:
The Government gold bonds showed n
marked decline on the call of the first bends,
but wpen the later European ad vices were an
nounced on the street, there was more tone an d
drmDess
The miscellaneous, shares were reneralpx
dull without any special feature. There was
q break in Cumberland early in he day, and
the stock sold down TO COS, but rallied shortly
other shares were without any decided change
Sterling bills are very quiet and quoted nom
inally at 1Gsal0sS.
The Gold Room was very much depressed
towardsthe close Of the day, and touched the
lowest point since last May. The demand for
gold for commercial purposes is very light,
and much the largest portion Of the OPERATIONS
are speculative for a fall.
The bull interest has been weakened by the
recent fall, and is not powerful enough to stem
tne downward current at present. The report
that the May coupons would probably be an
ucipated, and the advices by the Canada that
gold was likely to flow this way, had de-
pressing effect.
EThe Evening Post says:
The stock market opened with more AMI
nation than for some days past Govern
nents are quiet and closed firm. Railroad
shares are active, with an advancing tendeney.
The chief excitement is in Erie, which has been
largely oyersold.
The loan market is inactive, and fairly sap
piled at per cent. Capital seeking In estment
con,iH ues TO accumulate, and currency is now
ing rapidly In from the country. Commercial
paper is quiet at Salo
The foreign demand for our 500 bonds ie far
in excess of what has been supposed. The ~
sue OF these bonds was 5ll millions, Of Whtsh
400 N illions are coupon bonds, and are alone
available for the soreign market. OF these 4O9
millions, IL Is computed that there have been
taken al Frankfort lL6 millions, at Amsterdam
1G6 millions and in England ~ millions. or
this statement it appears that the aggregate
amount OF the 5-20's now held abroad is ne less
than eS2 millions of dollars.
From the Times
Three or more failures in the Gold Room are
reported to have been notified this forenoon;
one OF young speculator for the rise, who ad-
ventured last night upon the chance Of turning
the market from its declining course by max
Ing cash, or three days contracts right and
lett, at 1SOals2 per cent to the extent Of Q MI
lion OF a million and half OF dollars. The
fresh fall of the market this morning to la6a
through his default, left other parties long Of
gold no had thought themselves short The
cause of The other failures we have not heard
explained After the settlement Of these din
cultIes, the bidding for gold. by new adventu-
rers for a rise, recovered, soon after O'Clock,
to iS6al1S per cent. The purely gambling and
desperate nature OF the Gold Room, as an arena
CT spec ulation, living and breathing upon the
efforts and hopes of its chief promoters to de
credit and destroy confidence in the nations al
grsenback currency, could not be more aptiy
illustrated than by the Developments which
have thus followed the present decline. The
equiyocal character OF the room-approx ina
ting very closely to a faro bank-is not more
patent, however, now on the fall TO $50, than
1t should have been to the public last summer,
on the rise TO 2e0 per cent.
The auction sales OF dry goods yesterday,
though well atteEde by the trade, were ex-
tremely spiritess. Most OF the goods sold
were let Off at a reduction OF sails per cent :;
and even at these figures buyers were not
eager 10 purchase beyo yond the limits OF their
Immediate wants.
Wheat tell off 5a7c; corn &c. per bushel; pork
Sc aSL25 per bbl; bacon and cotton 2a3c; lard
1a2c per gallon. The freight engagements were
unlmpoTtant
From the Herald
The large de cline in gold completely unset
tied the merchandise market yesterday, and
caused large decline in all kinds Of domestic
produce. Cotton, petroleum, &c, were duh,
lower and nominal. On Change there was q
perfect slaughter, particularly In provisions,
pork having declined 81 per barrel, while beef
declined materially. Lard was half cent
lower, with only a moderate demand. The
-four market was moderately active at lower
rates. Wheat was 5alOc. lower, while corn
and oats We're dull and depressed. Freights
were exceedingly quiet. Whisky was flrm
bat not active.
From the Tribunel
Gold bearing Government stocks are lower
under the decline in gold, and a dis position TO
exchange them for the 80 bonds. The 10. 40s
sold at 96k freely. In State stocks and rail-
way mortgages little done. Rail way shares
are all lower, and are sold quite freely.
Money is abundant on call at per cent, and
at upon Government stocks. Com mmereia
paper is not wanted in the face Of failures fn
various departments OF trade. 1t Is now made
certain that declining gold means bankraptey
to large class OF people who counted them
selves rich before their goods were paid for.
The fall checks buying from first hands, and a
disinclination to purchase extends through all
classes as depressing 70 holde re- of goods as the
cheapening OF specie There is a large m argin
for a fall in all directions, and those who hold
the smallest stocks and have the largest banK
balances are the safest.