The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1869-10-05


required ~ pafcly nssgranple trnnsac
teas - dislingu.sayd from The gant
asg ops rAsions, he Fa says
'The dasiy tfAn saesisns u tie Cold
Eaclanes Bafk are from sig9O04eo9
= sos. 600. o10; that 8 3 say, The book
tfaafirrs e geld bought and Sold ana
ouri 10 ihese sums. while the actual
asnguut u ooin aud ooin certificates
as-d - these exchanges i iron $500.
D9o.901 y $4,000, 90 j. i . ialF
estimate 8f the mercantile business %
tbs God Room 10 r. hon i al the san
gf.Ali fhe mp0rts and exports u the
port. and u TIE duties paia On them
These amount perhaps, 70 s2coo09Q
Per las, Oh The average; bat such tran
sacaons have been alnQs, entirely sus
pended i0r some DAYS past On The
other band the speculative business Of
testerdey cannol have been iess than
100000 004, aud u ID on the aver e,
81 least sixty times as great IS that
which represents tie trade q tho com
Try
The 7ines. in its comments on the
great '.bull' AID "bear' fight, says -
The climax u folly aud effron,ery in
the recent combination TO advance The
price aud corner the supply Of gold IN
Wall street, was reached about noon
yesterday The whole gambling fabric,
boastingiy claimed TO have been reared
on thirty or forty millions. fell at the
augle flash OF the telegraph from
Washington ordering az extra sale from
the Treasury 81 only four millions This
result, although heartily welcomed by
the business public and affordmg inn
mediate relief 10 trade and exchange,
seems utterly contemplate IN contrast
with the boasts, made IN the Gold
Room within an hour or two Of
its announcement, that oil the
gold in the Treasury could be taken up
and pait for, and then the ring left
richer than the government itself, We
arc scarcely permitted by the extraor-
binary surroundings Of the affair 70
wonder at this display Of assurance. -
The whole game was TO be won, if won
at all by this scat Of Boosting aud in
connection with worse Misrepresentation
fThey were repeatedly warned
OF the difficulties in their path, which
any other set Of operators, less reek-
less and INSCRIPTIONS would have app
preciated and kept clear Of They bodily
set the public opinion and tho public
good, in the midst Of season OF active
trade, at defiance. They condemned the
poper of the government to protect its
own credit, and challenged the whole
resources of the Treasury to contest
which could only end in discontinue. =
And they jailed most contenptibly,
most ignominiously, and with the bit
ter reflection that they are without sym
pathy III their fall as they are without
respect for their sntecedents.
The advance in gold, following a sue
cessful "bear" combination to force
down the values OF stocks had the Of
feet to greatly depress the stock mark
ct, and during the three days excite
ment little was done by the stock bro
kers. The Tribune says -
When the news OF the bursting Of
the gold bubble came up stairs to the
regular board there was q momentary
hull. Then a certain well known lend
er in the old Northwestern party sung
out, "Now IL the time to go in for Cen
trial. The Vanderbilt shares received
an impetus from that moment, and
they rose steadily. 1t is said that all
day long, in the parlor of one of the
city banks, the Railroad King had been
quietly reviewing the situation. His
bI okers bad been husily engaged in
buying his stock; that be was prepared
for the rise as had been previously
ready for the decline. II vas rumored
that the Vanderbilt and the old North
western party were in accord, and that
the Vanderbilt shares would 60 high
or than ever. II knew it; ! knew it, :
said a member Of an old commission
house, "tbe old rat (Vanderbilt) never
forgets his friends. Certainly tho ru-
NOR spread that the Commodore had
come to the rescue, and his stocks were
firmly advancing
On Saturday, owing to the impossi-
bility Of clearing away the wrecks,
and ascertaining the position of the
spectators, no session of the Gold
Board was held. The Board adjourned
in the morning to enable parties to set
tie up their accounts Of the previous
day, sank to give the Gold Clearing
house the opportunity Of adjusting lis
affairs. OF the four millions of gold
advertised for sale by tho Government,
onc-half was sold at prices ranging
from 1872 IL to l per cent. higher,
The failures turned out TO be far fewer
than we're anticipated the previous day,
and settlements were made by some OF
the large bull houses which everybody
had believed to be bankrupt.
Monday failed to slraighten out .af-
fairs The Gold Board met and voted
to postsone all sales mt Tuesday. A
dispatch dated 2.3O P. NJ, says
The Gold Exchange is in executive
session upan the report Of the Commit
tee Of Nine appointed this morning
II is generally expected that the course
adopted wall DO to fix certain figure
say 135-upou which all statements
can be SC tiled at the Gold Exchange.
the Bank leaving the differences to be
adjusted between dealers themselves
This would set the machinery in motion
and release the large amount OF money