, 1870-07-14
THE WAR NEWS In WALL
STREET,
lta Effect ON Ruaiue ueaa-Sccucs In
the Gold Room and on the Produce
Exchange.

From The Seto Fork HoT2d. July IL.
Many months have passed Aince geld wsa up
/ to lis. Therefore, yesterday, tho Gold Room
was again Interesting to outsiders. Through
the seven coneentric circles, down the seven
concentric steps, pressed the excited crowd,
| and Bwayed and shouted around the admirable
gigantic spittoon formed by the iron-railed
fountain. There, as ever, gently played tho
m1niature Jets, while The central baby figure
stood VI, in it's iron atolidity, supported ty the
green Elephants. and looking ike an infant
!" Noses IN the bulruahes, =" who has been
startled to his unsteady feet BY the elamor.
! The greatest excitement WAS before 12
O'Clock. From to $3.50 o'clock the price fluc-
were ufers Of "a haH million at 131G," and
from that the price gradually rose, till at
| 2:30 o'clock there were offers of "1D, 900 more
| at H." There we're intervals when but few
! we're centred at the fountain. leaning over tho
! wooden rail where so many have carved out
| fortunes and 80 many others only done poor
whiting, and even lost their "chips." II is
| ever OF interest to See "af1inities" rush to-
| ward each other, even though they be but gold
| brokers, When sale was made, these two
| who go loved for tho moment ran hastily to-
ward each other. At once they met there was
| q cooling down. . little quiet whispering, and
| then separation.
All eoEts OF rumors were adoat III tho Gold
Room throughout the day, At one time Ma
I poIcon had issued an address to the troops,
and oIoeEeu 1neM 10 ua1cn on eao lanlue,
while tire very next moment the bears pro-
fessed to lave dispatches that Prussia had
caFed N, and that Leopold would not go to
Madrid. Most OF tho gold purchased ycster
| day was for, and OH account Of, foreign bank
ers, Who seemed to be thorous1y scared at the
| Warlike preparations, and who seemed rather
! surprised that instead Of II the premium OH
| gold was not up to 20. They appeared to think
| that because there was eemi-panic in Lon
| don, therefore New York must also lore its
| Wits. And all arguments to convince these
gentlemen that the New York market is not
always compelled 10 follow London or Paris
we're entirely futile. AB it Was, the premium
| on gold did not rnn up very high, and the only
| distinctive feature OF the market was the
| enormous amount Of gold dealt in before
o'clock.
! The Produce Exchange, though far less
! known to tho general public, is quito as inter
es,inE for its suggestions and is practically far
more important than the Gold or Stock Ell
change. Here arc gathered all the dealers in
the Necessities Of life-1our, grain OF all kinda,
! Ieef, pork, lard, and provisions il general,
| with eucI, other commo5ities as are indispeu.
sides these. ali tho shin-owners and AGENTS of
orenn steanrra and nar1at linea Who o,n,oo
ia commerce of tSa vail sttnnd hnra tr6So
n.rnes Of The most distant ports and conntr;es
viii Lo heard daily in lie course M Of arranras
ments for cLartering vessels. Il ia = rather
1f1nr Snf fFSa
ErcLance. eomurising all fhe merchants in tho
cTain. provision. ant1 shining trade fniiT
nntnetecr-twentieths ara ri anrieSa1on i,,oo3,
tho representative Of olher nationalities be.
ing too few to be noticed.
Yesterday The men,bers of tha Exchnnre
were in slate Of feruent over the war news
frcm Europe, which had an important in
fueuce on all kinds of business, There eeeA-
ed to be considerable uncertainty whether
ho.tiilties would actually taEo pisce betsooa
France and Prussia, though it was announced
number OF German and other foreign banking
houses stating that war was inevitable. The
ef1ect Of fhe ReYs was not the Hama an ali
articles. tho rreatnst ovcitcment hn;nC in the
market for breaiIstnffa in whici, a material
ADVANCE in tha nricea Of both flonr and wheat
took place. owing to the expectation Of an nd
vancc in ro1d- and n heavr nynort demand
Telecrams were received from Chicago at any
earIy hour renortinc f,reat e1citcment there
and and ' an adyanca n e'iIu the % nrica n wlcst
OF seven cents per bnshel. parties
we're running about before 'Chanro
timo Offering to buy No, MiIwaukee
wheat at 81 so. and extra State fIour AZ s5.75.
Cotton and petroleum both shared in tie ex-
citeuent, and, owing to the tjehtness OF the
money market, suffered DECLINE; but the an
tcipated advance in gold will probably keep
prirea firm. The provision market was not
much affected hy the news. The stock on
sons in the trade are disposed to wait, ike
Micawber, and ECO what will turn up. LasJ
was affected a little, but indirectly, through
the rise in gold, There was no INQUIRY Tor
provisions for shipment outside OF the rccuI.r
dealers Freichts we're quite At a etanisti1],
owing to the want OF liked rate Of roii
to calculate upon The ship-owners de-