, 1870-03-08
WALL STREET.
An other Fail in Golh-The Precious
Metal Declines to 1l1 7.S-lhtGaAo
Excitement IN tho fxchange-A
ferAa.senx %Isxur', Att1ck Upon
tho Market

tho Market
From tho !St,e Trorf 7im<., NaTeha
The encouragement, ,5estesds! norniox. mat gold
psc.ed. Startled The rEatc:a; coEnuhtsT 10 soua
e1'ens, and caused 81 excitement almost auount-
E 70 nA2 sea ,s "a
cnienJ interested In tranfaettons IN the precious
metals ere prepared for 4 Decline, Gns pfooao!y
rot to the extent noted shove. consca1ently
Fhep The god ,pdcatorn in the ya1ious bsnkers'
a1d hrakers' Offices marked 1134. and The al-
no,ta sc9s ssf fa &
brckers and astorr e!s to The Gold RooM, and ln a
very fe* ncments the E1cna1Re was died with =
and turtous. AID nuroteds Of lbonsauds charged
banda in & sery Short Tune The galleries were
ns
ttt1hey from Crrtos1ty.
it times tue excitement was equal IN intensity
untl they we1e noa.se: son elespeo:uporfne nj,
ard stt1 loud yo:te aEd gesture sought to attract
attertlon 20 theh pa.steuisr 3D.: taoso WHO vers
until confusion became worse cosfouoded, ," and
the dtn tesembled TIC raghtY roar OF Democrat
The IA! in gold commenced. as ,hs readers or
ssesd1l! eve,y ds5, :it9 6nt ntsie T. tntsmupaon~
na,ned foneTnat steady, ard tho decline was
aDgnr, but It VA evident IS Ill who watched ths
se o aoa "a ;e nj rae aa
In the market all the week, ha wa Indicated bJ
the exffeu.e1y low rates whch wEze paid TOT loans
everything betofered lower rriceA- Tne Datftt
was in such feYertsh condlnon :hss the pfeml I'm
y ne Satsss e a a. r.
Deper mert aid Of Copg1ess MS discussed with
nnch ferVor. ~-.
! The price ct gold had nuctusred between 115S
and lis neatly Ill dsy, ard there vas thothing to
81 an as1sF 10 as
run ber of bIokerg, learning OF The acton OF Coz
E1ess du.irg The ai,ettoop, elt.Fed tae market,
well ar tpu1ated, Interpretations OF shotutentioa
n eec1et.ry Boutwell, tespecaog tae salss Of gold
I'D pqIeossss q eo3d T. - forcing
TINT tntfe were few &ctua n2rsxcuous At thas
prtee. DuIrz the evening tne trguueas was used
mina'too 10 accept all or zone OF the bios that
might be made, LAD II served 10 cirnsei tho power
to inereato Or contract fns amount Of gcia dis
| any p,eya!led Was evident -
The principal operators wsnt into the Gold
Room evidently under the Impression that tbn
fateat for then 70 pursue was TO get I'd OF
1 the gold tne1 had on band at the best poEstble
mined 10 ta&e adEsntase Of The panic 70 realize
nj they could IL the wsy Of commissions, hop:pQ.
perhaps, ~, auf1ng the Cay taey might % a6's %
Trere vss plenty Of shouting before the board
ope1eu, brt In reality, little business Was do1e.
Of 1l4 Al IL O'Clock sales commenced at 1lsx,t,
| sEd from tnat time uuiN II O'Clock the bidding
rzria ,nss aas vi Viii W erea: dtcoiss : ,aas . ,as m
eIorgs; The h1ss hour sha h'Ea:st pEtcs
| stcort hour the duCtuat.ous rauged be-
| t1een 113?z and 11sA. uEtil II ~, when 1ls6
was touched. for IN lns'ar: only. tue price ,nme-
price advanced gradually, bat e7osly, mail III
| was touched, but The stg's,sar haa 1c.EcelJ re-
| ccIded that quotation before It was caaugeti to
1ls7s. ard between ttat point aad l1ss ths prs
MUM factuatsd until s:se when tns price
I15s:. md shen sae e1ei,ensot Va. max mare in:suss
thsn At any time dut11R the CAY. T1e "bears :"
.esmea 70 have mos:sred 10 force. With deter
Enlnsticn to cibse the tIa1sacrto18 Of the dag Hy
% srs aurrs s fhe h, atteirocn. The bddins eecans 10
operaic1s, vnne lhe 6gurss On the indicators
suu.noLed ifcm the THfto1s ot1cea shoals Of
h,oae1s spztons 70 b. IN at tne co.s Of pQ.ia4ss,
crered-
At e:t7 The price fell 10 1l2a the next moment
i1to The next Il onenl 10 Y. Mt which the records
for The day closed AID the oos1d Wa1 declared sd
e. sse 1Gt met nm TO- tsr
u 80 to 1lsz:: E5em tas, tine nntl go ne
115 Af'tr tnat and until p. n. the price ransed
tieu l1a1, to 1lak.
Dnz!l thls hoar The b!td,1g was ye1r spirited.
bse kes s:a1io1ed htgnfcaf IN the :" ttag" VITA tAo
aa hem Tns h q
were, right and left Into that e3get thro19 lots OF
stes0c, f1c0 f10 eco ard Saae go or Rra-petl
| Ike aHonLta with perfect !" "loOasne5A" q q tx-
an pie VAS fpfectIaus and others Of the operators
euIReh II purchases ISLES Similar Ia AM0ups.
TIE clt aE'rGs a. Ice God EzchaERe Hank. II
eti ngg5eehie, sEce Fe1fuasy rs inclusive, OF
1919, 4s0h0.
| The s'hulls ~ seemed da1no1altzad du1iug tho
| nofntpR. and seemed 10 feel Sbat they wol1d haTo
f1rat dit1cuitS IN foEcirf the premium to q point
ph'ch would erab.e.thetr 10 accom- pi.h tneF pur-
| nnSf. ThfF Eer6 &aItkted with RnA1f res7tt4
however, AID sp2eAred IS greatly delighted whau
thy tecused en- advance OF !. a. though the frse-
! t1cn had beet larger. All the das:ces kro N to
! the ctaIr we're 1esor1ed to, but with little avail
The "bears " were Id ne.tee huuof. a3d tsd IN
easy tssk IL depressing the pteu1uu, WHICH, from
natural causes, as dc :nll almost without the:E
, atc. They appeared 10 have plenty ol volunteer
} ntnhe1 Of outside specutatnrl Who were dellroua
J | Of "eetsiIg IN y even 1t the last moment
TIE atOtk Market WAS dull all DAT In sympathy
with the declfLe IN gold, AID the fasn between tnt
stcck board and lhe Goin Exchange az conu1u
, VITA: to- cay will hiring forth Of course none car
, / tell Saturday u naturally duu daI In tia Eo2d
| esket, AID the Impression seemed to psa7A
yesterday thas the p;tce 1ou:l fall eren neos tue
J | lowest poEt Of yes1eItaJ. There mar be rally
however, but EoEe tEpkeEs aasers that It wilt d
} OF y TEMPORARY. Others aEAu declare thh. thef.
ptl1 te N Immediate acton, aud ttat It Will b
! permanent hnt !he1 do not express any psztic14a
je4eor f,r this theory.
By reference to the table published tn the 1Iw<
hft~ days Ago, Il VIII b Eeen scat she prsce 1ez
. tertay Ea3 anost ~ low 81 any WHICH Vi
reached dEruX Au9ust, 1862. Aats Ia possible tbs
Q 1a.ss Etill lower ttsn these LAY bs touchodt VI
9 size a 'ao showing the loves. and hssheAt ps.s