New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-09-24
THE EXCITEMENT IN WALL,sT.

"The market is broke said well-knOwn
stock operator he hurried from the Exchange to his
office in Broadst late yesterday afternoon This asser
ton seemed be substantated fact for the Of
yesterday and the day before without parallel in
the recent history OF Walst. Rumors fill the air in
regard to houses soon to fall and everywhere in fnan.
cal circles the feeling is respondent In railway stocks
particularly there absolute lack Of confidence, and
quote the language Of gentleman Of the Exchange
RAILROAD stock has been watered much that the
original security Is almost washed away" The market
opened with O better feeling. The fever OF the day
before had been too intense to die away entirely yet in
the early morning stocks rmer and steader than
the evening Of Wednesday. Underneath thin crust
OF orderly transactions a swollen current Of excitement
seethed and surged. breath could have
blown away the covering, and tho scenes Oh
the first day would have been removed. Rumors
not plentiful, but there uncertainty and
distrus that pleased the manipuators and they were
not going to let the revel Two distinct theories
prevailed to the Of the panic Many believed
that less parsonage managing the rOut than tho
Commodore himself, and this the story Vanderbilt
having sold great quantities OF at high figure
interested IN running down the stock in order to buy
it In at low figure. This stoutly denied by the
Commodores friends who allege that Vanderbilt never
fails TO reward his friends and punish his enemies The
the other theory that the dated back many
months. IL seems that certain influential parties in the
street have borne the "Rairoad King" no very good
will These parties had been largely short" IN Central
Hudson River Harlem previous to the scrip dividend
OF last Winter, and have been obliged TO buy
in at disastrous rates. The Commodore and his
friends so rumor says, have taken advantage
OF the high prices that have prevailed. SO
that, according TO these rumors, 1t appears that
thus far at least Vanderbilt manager OF the situation
and fully prepared for decline in the market This
OF the decline IN the shares may be fixed at the time
the election OF president and director OF the Chicago and
Northwestern Railroad Great dissatisfaction was ex-
pressed at the time by stockholders IN regard to the
official action OF the directors Certain disappointed and
sold out and advised their friends TO pursue tho
policy. The dissatisfaction seemed 10 spread 20
other roads and panic seemed Imminent In some shape
on another The bulls aud bears about noon began TO
with the and their work. and the appearance
OF James Fisk r Broadst. caused utter Of excite
ment to run through tho room that was constantly be
coming crowded that egress and ngress next to
impossible. Around the circle where the stocks
called the yelling screaming screechins mass eebed
seemed determined every minute TO test the
Of I III lungs p tn%g asFs Harlem series aHd
Hudson were assaled from all sides It was stated that
New York Central Directors, Wednesday voted III
favor OF consolidation and the Harlem folk would do tho
Same yesterday. THIS caused another squirt but many
gIsctedtng the rumor, tho stocks were driven down
II the crowd acted Ike demons in the Stock Exchange
the goa 6roE we're RrO Gei and IS Ss
excitement spread. There was but one topic of
conversation in hotels, restaurants, barrooms,
tho days OF the Rebellion exceled the excitement
OF yesterday the Gold Room, and II the great
all could have been expressed In uttered word that
word would have been "Gold" on the street but one
theory prevailed in regard TO the rise in gold and that
was that the clique had resolved bring matters
ISSUE Late In the afternoon gold rose nearly per cent,
course being aided materially by the extreme strngeney
Of the money market When the last moment OF daylight
naIred To- tho Pifthaye Hotel where the buying and
selling programme for another day was arranged