The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-07-20
WALL STREET YESTERDAY.

There was no lack OF excitement in wall street
yesterday but in the results, affecting the gold
ana stock markets, there was great falling or from
the day previous. Bulls and bears were promptly
hand, ana ut ten 4. NJ. entered the arena OF strife
In the Gold Room, aud renewed with desperate
vigor the engagement, closing the evening before &C
the Fifth Avenue Hotel.
GOLD OPENED
at 1919. long ana desperate encounter eusued
Louder seemingly than ever were the yels Tie bulls
gifted with the roaring capacity OF the bns OF Ba.
shan. beloved their lustiest, Willie the commingllng
growing Of the bears had certain depsh OF reso.
nance about it as indescripabc ~ 1t is unearthly
But all that could he done, all the ingenious re-
sources a strategic rumors, all the talent Of
combined compound check. could not get gold n,
THE HIGHEST POINT
But one per cent higher than at the opening IN
other words, l22k-was tue highest poina To which
gold could he pushed up TO thee z. a.. the Closing
hour OF the regular board During this time IL re-
ceded, however, nearly one per cent,
THE LOWEST poiSr
being 1905. We have said that IL was lotly con
tested battle. And 1t was The place
itself, with the hot sun glaring in through the
windows on the New street side. and this heat ia.
tensiled by reflection Of tue SUMS rabd rays from
the walls, res-d-cts TO the windows opposite, is
most intensely hot; but then the crowded
room ana tie yitMteu air ana the Odorons
persplration added to the particular heat and
general discomfort. The great problem to q phiIo-
sophlcal nina Is how the utmost powers OF human
endurance can stand this mixture Of paudemoniuu
heat and noise. IL Is worse than Tie
NOISE OF A Niger CAMP MEETING
and the establishment To Il stranger Il that some
plan Is not devised OF conducting their gold trauac.
tons in a more quiet, civilized and Christian way
But this has nothing special 10 do with the topic Of
yesterdays wall street excitement, az affected nv
the war news There is excitement but 1t ~
MANUFACTURED EXCITEMENT,
got up for the occasion. This European war
make fortunes out OF II by fluctuations IN
money values, the same during our Late war.
They jump at anything grasp at anything do
not hesitate at any suberfuge to carry their point
They mix truth and hctiOn, and they do not care
how much they get others mixed up provided they
can come out ahead. kilograms are
GREAT LEVER
to WORK WITH ana they are produced and read In
great number Among the teegrans received YES.
terday was one TO the Consul General or the North
German Union at New York, said CO have been sent
by Count Bismarck stating that ..private
property on the high Will be exempt
from seizure by his Majesty's ships without
regard 10 reciprocity" This, OF course, had liz
effect while some others did not About the same
outside influences that are brought to bear on the
Gold Room are brought into play IN
THE STOCK MARKET.
In the latter place, however there was, potwith.
standing al these attempted outside pressures a
farther tumbDg down In prices az on the previous
day. Most OF the leading stocks Tell two per cent
and they will continue undoubtedly to fan while
money remains active "a now aud the continues
and carries with IT, as IL must, tendency and innu
ence &C. unsctile business and general confidence.