The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-07-19
HOW NEW YORK FEELS THE WAR.

monium-The Steamship Lines-war
Meeting Last Night = Prussia
\ rt Endorsed Everywhere
Since the oath OF last September, or that "Black
Friday" as 1t is now Familiarity called, and by
which name 1t win 20 down to posterity there has
not been such an excitement in oil street yester
day. 1t is true gold did not give such an upward
leap, such o sudden, tumultuous bound, though the
result may prove like "vaulting ambition
O'erleaping itself;, but for stirring tu
mutt for wild boisrerousness, for madly
infuriated bulls and for more decIsively demon
sratve bellgcrency OF bears the day and It's attend
ant excitement have rarely been equalled. The
Juror IN THE GOLD ROOM,
the assured precursor or what was to follow began
early In the morning-that Is, early for our great
moneyed mart, where the day never begins until
several hours after daylight. By halfpast nine
O'Clock the was filed with crowd OF anxious
brokers' while another throng, the outside specu-
lators, filed the gallery and all the standing room.
At ten O'Clock, when Mr.. Aiken. the directing
genius Of the place. the lion holding sway over the
| menagerie, the KING In Short Of these "buls ana
bears" brought down his huge wooden mallet, the
sceptre of his regal authority upon the table,
nOuncing the opening Of the Board, then began the
earnest work Of the day. II there ever was bed
| lam that following was one. II there ever an
insane power Of realizing
SHOUTS AND WELLS
1t was now shown In a state Of incOntrovertble
perfection. II there ever was fusade or fun
and fury, well and continuously kept, it here
reached its acme. IL was a. IL monster gate
holding in check an immense body OF water had
suddenly been raised. Roaring, plunging, boiling
kissing poured down the mighty stream. 1t was
pent up
NIAGARA LET LOOSE,
with voice far SURPRISING the roar Of the great
cataract, but with this difference that while the
latter ia unendng and has music In its roar this Is
temporary and wildly and harshy dlssonant. We
might carry out this comparison indefinite extent
and find suggestive similes in the preliminary
breakers and the punging dscord and
THE EDDYING WHIRLPOOL BELOW,
engunng In Its vortex everything brought in con-
tact with it, and then point out on the calm waters
farther away the lfeless bodies Of the Victims But
1t is needless 10 dwell this, but go back to the fall
Ing down OF that huge wooden maet, or gaye, when
naa GOLD OPENED
at once at HEX. Quickly 1t was 1177s, then 49,
tnen 1l81x. and onward leaping one.cighth per
cent at a bound, 1t advanced till reaching 1929.
There were sales at 1913 outside the board ana the
same was announced IN the board; but the
HIGHEST POINT REACHED,
~ given Uu IHe dOQ lSoOm IeCOruSs was lZZM. Tnl8
was up TO three O'Clock p. NJ. OF course there was
q good deal OF nuctuaton during this Time
Gold would 60 mp and then 1t would
It's value kept oseiilating. No bulls Ia a Spanish
huh fight ever fought with more desperate determine
s anS ep sHs
The bears were likewise bold, but cautious, meet
ing the vigorous Qnslaughts Of their WHY opponents
| T6RcMa UP THE PREMIUM
kilograms were read from prominent bankers at
pean cities. II told also that Austria was going
TO AID Prussia In the war against France.
In fact all sorts OF rum0rs set anOat on both
| sides. One RIDICULOUS rqInor was that
| NAPOLEON HAD BEEN SHOT.
Meantime, while the buyers and sellers were doing
enlarged Dimensions others watched the dials indi.
eating the alternating advance ana retrograde move
Tue sales continued long AFTER three O'Clock, the
time OF closing the regular board but the nuctua
sengers too were Kept preternatrsiy busy, and he
giving announcement to distant cities Of the progress
ON THE STREET,
both during and after the close OF the regular Sales
"curbstone brokersn were never buster, and there
was never liveller time In "puts' and "cas'-
anything to make anything BY anybody out Of any
body.
While gold went up stocks went down. The usual
I sympathy existing between the two was for some
| reason wanting The "bulls' did not lack willing
ness. but the bears" got the best Of the Tight will
be seen ia the Of stock sales gwen under the
| commercial head, and which 1t Is unnecessary TO
HOW IT WILL AFFECT COMMERCE..
That war OF such magnitude as is now opened
on the european Continent win influence the
an evident fact that no argument Is required to
prove is. n THIS direction the influence OF the
dg 70 day. tn %a' outsreas wsr Deda o%
more and more certain, trade was stined. and
now, as between the Continent Of Europe and
30
particularly the case In respect Of goods imported
from France and Germany to this country. num-
| Der OF these importers held an informal
Yesterday morning, with the intention to ascertain
the views Of their colleagues In the same trade and
also as 10 what might best be done. me following
| very interesting lacts were ascertained at this
oasa na News IN speca s ISs
had been received BY several importers that at some
Of the most Important centres Of manufacture OF
cloth, SILK and velvet, as Lyons Dion, In France
ana Barmen, EberfeId and vicinity In Prussia the
workmen had ceased to work and had joined the
present at this conference yesterday fur her told
each other that from private Information received
peced at this time Of the year by every importer,
and which were generally ordered In the course OF
sp nary wo % 70 Pc caae Of this made b,
HERALD representative elected the reply that the
shipment Of goods for the fall trade In New York
generally commenced between the 10th and 18Th or
July and continued to the l5th or August; that
portion Of the goods ordered had been received
what was needed. anc that the rest VIII either NOT
be manufactured or not sent. This seems u have
been
WELCOME INTELLIaRNcE
to American manufacturers and their dealers; for
these declared thai no better protective duty pro.
lection IN general 70 American manufacturers and
producers could be desired than European war n
It should have such q result Tho decrease IN itn.
what was falling In foreign goods would be supplied
BY tbose Of American MAKE which already now equal,
ID CERTAIN grades the best OF Europe No atercaion
| of q