Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1869-10-01
A MEMORABLE DAY IN THE HIS
TORY OF WALL STREET.

N. Y. Sept. 30 dispatch to Chicago Tribune.l
The GOLD EXCITEMENT.
This has been the most exciting day
in Wall street since the gold speculation
began, eight years ago. Long before
the hours of business crowds collected
in the vicinity Of the gold room, and
after the doors were opened there was a
tremendous rush for admittance. The
room was promptly filed, and tho en-
tries and passage ways were blocked, so
that it was difficult to move in or out.
As soon rs the bidding began the whole
room was a scene Of wild excitement.
Several hundred men were shouting ut
the top Of their voices, hats were way
ing, Others not engaged in speculation
were gently yelling like n war party OF
Comanche Indians. Three men were
carried out fainting, and n prominent
operator became temporarily insane,
and ran about endeavoriug to escape
imaginary individuals who were endeay-
| oring to shoot him. Tho streets in the
| vicinity Of the gold o were blocked
| with people, many Of whom engaged in
| speculation or made frequent bids on
| the figures shown by the indicator
The aggregate of yesterdays transac'
tons were S325, 900 900, the largest ever
known before, but tho ~transactions TO-
day are believed to be nearly, If mol
quite, $500, 900, 900. The fluctuation;
after opening were very rapid, and after
gold had reached l62, there was o fall
Of 20 per cent. iu less than half an hour
MANY OF the brokers sent round specia
notices this morning for a settlement
and many Of the bulls and bears were
compromising at rates from l4e tc
l54, when the news that Boutwell, woult
sell 81, 900, 900 tomorrow caused a sud
den decline, and many Of the bears re
fused to keep their agreement to settle
on the ground that the bulls knew o.
the action of the Government, and had
conspirsd with Jay Cooke and Others
having influence at Washington. There
will be much trouble growing out o
this matter, and the bears who refuse
settlement will lose standing among the
gold gamblers in the future. A curious
feature of the days operations is thai
the losses are not confined to the bear
side, though it is probable that the
bears are the heaviest sufferers. Th,
Tribune says this morning that the cor
ner in gold was manipulated by VIM, >
| Woodward, Jay Gould, Jas. Fisk, Jr.
Marvin Bros. / Co., Smith, Gould
Martin l. Co., and other prominent
operators. Smith, Gould Martin h Co
have suffered very heavily, and are re
ported to have failed, but their names
were not officially declared in the gold
room. Jay Gould and James Fisk have
probably lost . Srgely from having
bought heavily when gold was above
$50, and had not sold before th'
price tumbied. About thirty failure!
are reported, but it is impossible to as
certain what houses have actually fallen
VIM. Beldeu, A. Shipes, Galloway
Hunter L Co., and o. H. Williams were
bought in tho gold-room, and theil
failures officially declared, and the
houses of Chase, Mcclure L Co., VIM
Heath L Co., G. N. Walker, Galway Z,
Hunt L Co., and Mr.. Gimberrot G. X
willard, were among the reported fail
ures. Among the firms and individual.
charged with arranging the bull move
meut, besides those already mentioned,
are Peter B. Sweeny, Arthur Kimber!
agent for Stern Bros, of London, and
| Lockwood & Co. Among the broker;
operating for the above clique were
Danlin, Gillespie & Co., Belden & Co.,
VIM. Heath 4 Co., E. X. Willard, Cha
pin, Bowen & Day, A. Speyer, Chase,
Mcclure & Co., and ]. Waller.