Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1870-03-09
LAST NIGHTS TELEGRAMS.
NEW YORK.
wall Street Intensely Exeifed-
Bulls Very Scarce PROVISIONS
Failing in sympathy with Gold.

New YORK, March s.-The excite
ment in the gold market to-day was with
out a parallel since September last. The
anxiety to sell gold assumed the shape OF
a mania, and its equal was never before
witnessed in the Gold Room. Fluctua-
lions we're unusually frequent, and the
dial recorded nearly one hundred changes
during the day The scene was almost
indescribable; the crowd Of operators
surged to and fro, cheered each decline
of a quarter or half cent and vented
their feelings in screams and yells OF de-
liobt There was not bull to be found
in the room, and at times a premium was
offered for the sight of a man who thought
gold cheap. The room was crowded the
entire day. while on New street large
crowd watched the dial with great inter
est Everywhere in financial and COM
mercial circles the gold question was the
great topic of conversation, and the con-
tinued downward course Of the precious
metal was felt through all the ramifica-
tons of business.
The excitement in the Gold Room was
intensified by kilograms from Washing
ton. One that Senator Williams had
introduced a resolution to receive part
of customs in greenbacks, was followed
by another that Mr.. Fowler wanted all
the surplus gold in the treasury sold, and
the price tumbled to ll0b. The next
telegram received was that the House
Committee on Banking had agreed to re-
port a bill in favor of S500OO,000 more
of greenbaeks, and up went the price to
III. The report was denied, and down
went the price TO Ill; then it was re-
ported that the chances Of the finding
bill in the Senate we're less favorable,
and back went the price TO lll4. AT
the close iii was bid and lllt
was asked. Greenback prices Of Gov
eminent bonds were seriously affected
and a heavy decline took place, lS67s
selling down to los, the lowest price
reached for a long time past On stock
exchange the effect was not so great.
owing to the effort Of the bull clique to
prevent the stock market from sympa-
thizing with the surrounding depression.
The market at times fell of, but was
prevented from breaking from the per-
sistent efforts Of cliques. In mercantile
circles declinein gold had tendency
to further unsettle business and weaken
prices; this is neutrality-suspicious. to
the department Of dry goods, whose lead
ing jobbers are still offering bargains in
all styles to induce trade
The produce and exchange market
was demoralized. Wheat was heavy and
lower, Notwithstanding the advance in
Liverpool. Flour heavy and declined
Provisions decidedly lower, with an I'M
settled market pork falling Off SOC. and
lard ic. in open market. There was a
heavy decline in cotton, and middling
uplands were &c. lower, selling at 2lic.
on spot, while low middling sold down to
9le.; Orleans, l93e. for April and May
delivery.
The money market was very easy at
4a5 per cent on call; prime business
notes. 7CdS per cent Sterling closed at
n46nl, after touching lO5- Clear
ances, s73,OOO,OOO. Carrying rate, 4
per cent to fat Governments heavy
and lower. State securities strong; old
Tennessee. 50; new, 40.
The Express says the State Comptrol-
Ter has given a careful opinion on the
subject Of demands for the payment in
coia by owners Of mortgages held BY the
saving banks and other institutions.