Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1870-03-10
,rbo Co,d Excitement NY.

New YORK, MARCH 9-P. M.-The gold
excitement of Yesterday was kept up to day,
and the Gold Room has presented scene OF
the widest disorder imaginable. Nearly one
hundred millions of gold were bought and sold,
and all sorts of crazy demonstrations were IN
dulsel in every time the price declined. A
nrivatc cable telegram reported the dsath OF
NAPOLEON. and the price Immediately started
nm. and large amount was sold in the furry :
but despatch from Washington announced
the determination of the Senate not to recon-
nit the Funding bill, and the price fell. The
changes to-day are almost without precedent,
and ut times it was almost impossible to keep
pace with the fluctuations in the price In
mercantile circles business Is unsettled by the
fluctuations in gold, and prices have a droop
ing tendency. The market opened with great
excitement, and the first sale was made at 100
but in short time fell to ll04 the lowest
price reached since July 7, 1862 The price
afterwards reached li05alll, with some bids
at III. The market then fell to ll0i, and
closed weak and ievcrsh at ll0sall0s.
The New York Commercial says: The crisis
so long predicted is at hand Events are fast
eliminating in Wall street. A crash is newt
able, and those who would avoid getting hurt
| must stand from under. AS an evidence Of
| the feeling that pervades all classes OF the
community, We have only to instance the ap'
| pearance of the Gold Exchange and vicinity
this morning. Never since September ha:
there been larger and more turbulent Grove
than that assembled this morning. The excite
ment was of the most intense nature, and al
most beggars description. The amount O
money changing hands is almost fabulous. "A
each turn of the gold Indicator in the Exchange
the entire mass of humanity there gathered
| rocked to and fro like waves 10 storm. Il
| required all the skill and address of the Presl
dent, Mr.. Underhill, to maintain even thu
semblance of order. The mutitudo-for null
titude it was-outside the room were far more
orderly than the operators within. At each
| announcement that gold had fallen the surgine
crowd sent up cheer after cheer, thereby testi
fying their delight at the tuln affairs have
taken. About noon private dispatches were
received by four of the most influential house!
| in the street simultaneously announcing TIT
failure of four or five leading cotton specula
| tors of Liverpool and Manchester, with liabii
ties estimated at el, 600. 900. This was another
lever in the hands of the "bears," and they
made good use OF it.
The most remarkable feature of the street
is the fact that every new con.er appears to adt
reinforcement to the ranks of the "bears.
| The bulls are completely denoraized.
Down with the Gold Room !! was or!
olteu heard, and one which found instant echf
in hundreds of voices.
Placards on which were inscribed "Specl'
Payments, Now and Forever!' Down Will
the Gold Ring and
''We'll pay hard pan
| As soon as We can,
were conspicuously displayed at several point
down town. One establishment has slgl
reading:
"We' leave the Bulls and Bears in the cold
| And resume the payment OF silver and gold