Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1869-09-28
The New York Express of Friday evening
vs. of the excitement in the gold market that

IUOO georgia Is.''''''''''''''' -''''-'''''''''Sl
The New York Express of Friday evening
saws of the excitement in the gold market that
day: ,a -oo,,, TIL. .;..
only without a precedent IN the history of the
room, but far beyond anything In the memory
Of the Oldest operators on Wall street. The
scenes and incidents of the morning are almost
indescribable. and must ever remain fresh IN
the minds of these who witnessed them. Inc
public were prepared for an exciting time to-
day. and at an early hour New street was com
pletely blocked up with an anxious crowd
The windows of the buildings opposite the gold
room were also filled with spectators. and the
casual observer would be led to suppose from
the general appearance of things, that process
sion was about to pass. or that a great Per er
Torrance of some kind was expected Inc
room itselfan1it its galleries were cr9Woeu as well
as all the passage ways The mark ct hnaly opened
and gold sold at AS. This was the hrst event IN
the history of this remarkable DAY IN wall
street. The next sale was lGr 10, he 10
element of the day fairly commence: anu the
price rose to 49, then to l4, then 10 ifo' then II
suddenly fell back to 1861 but IN the next IN
slant was I'D to lsO% The next step was de-
cIine 70 I50 whore II remained for some time.
and everybody stopped to TAKE Vi ea t, anu Tue
crowd were amazed. A death IKE stllIH i per
vaded the room, and the bear ~ Ssc WGo
airy point of view, looked on the scene WIN
pale and anxious faces. At this CRISIS val ana
Br, ad streets presented hVeIy sGenT, Win ene
brokers' and clerks running III a. -
and endeavOring TO collect margins 10 mdhe t4e
gold up to the market prlce. but 70
return the interior of the room Vi 20 more
and await the next step in this great goiu Specu-
latiOn. ,it ro;
THE crowd did not have long to wan, Ior IN
rushed prominent broker and takIns ni P tE
ton in the circle he bid 49, then l'yIa '1 Ieg
ISL, then 151a, then 1872. then loZz3 lne FIT dTn,
then 1887, then l54 then l5472 sru ~ InId a
stopped at l55. Not one do lar % ,y So anOther
any of the above figures. Here was os "uO''o'
pause, and another running tor mn IA ,h bIIs Of
Some few of the bears sett ed WIN 'n1 lie ~ I5
this juucture at prices ranging from rofoss5 10
but the prominent bears generaiIy Ill nH ~
settle. AS soon as margins We 9re ,nhboTn the
l55. and the big bears were stlll stuD ora 'N0
screws were put to the market opce n niS IN On
In rushed prominent broker ' "a an I,va tSis
instant be bid 100 for any part Of T.iseI
was followed by the bidding pflee Oot msra fol-
to 1921 and finally it reached Iot. .,,oceeded bv
lowed another calm, which was SUE as ,be far.
the appearance in force in the room % III on
eign bankers. who threw cOnsldeTApLo foTn III
the market causing the price to nreah ot,pn was
to 1858. The excitement at TINS ynr,aS N A.
Of the widest description. it beng Fer pei 81
Secretary Boutwell, would sen and
00O,O01 of gold tomorrow m
100000 the next day. This triumhe
OF the bears was not of 10 ng duration, fort