, 1873-09-23

at tho clock, which intticatod2 "tlioro's plenty
OF timo for many moIo,' and those around him
thought %, too; y stll thero was tho nanlo ,,,l"
sn symaslinE Of Of sts and WIZ Sa was suv strags;
Btill In all tho noso md bustlo, lilo ,1nr,lfflcd
Vco.praaidont, who road his newspaper with
supreme satisfaction, NJ much at oane as though
i quiet a'af; x; TolGHgp qnSr%tors; n rsd
the tltckest Of tho mob aud quietly withdraw to
their Instruments. Messengers ilow In and out
and made themsolvos hoard. and tho roraons in
the gallery wondered whom tho curtain wonld
aided to tho Hat of unfortunatoa, anil that waa
Jacob Littlo l. Co. Tho announcement atlisnd
little to tho oxcitement. Eyory timo tho Yico.
President aroso, holding pleeo Of white paEos
brokera yellod, "Theros anothor," and trirned
away as though unwilling to liston: What he
had to road oftonor was Bales which ho wiHhod
to make under tho rule. At last tho gong sound.
cd: It was o'clock, and all the stocks wore etil)
below tho opening, pricos,, RS will bo aeen ~
anothor column. Tile brokers reluctantly won't
out. They woro
pAooED OUT
and said thatit was tho biggest tussel thoy Ind
over had. Ono hundred Thousand loss elares
wore sold than on tho day previous.
4 woll-known aud Influential broker snld
:, :" Tie Government has come to the roacne Of
thc , fellows who have gono under. All Of thom,,
and that's why tho Government takes care oi
them: II tho unfortunatcA woro Democrats, OF
hostile to NJ. Grant, do you suppose my assist
anso ne would 70, BE- rendered thom from this sourco2
At tho closo, Harlom had fallon Oft ,,ndor the
pressure Of hoavy sales so por cent to 90 Lnko
Shore, 4 por cont to 50 Wabash, OK per cont to
Roea issn sa%aSn sr eon{ fsD; sn
b.; paolio Mail, pcr cont to a5X; Union
Pacific, GI per cont to 10 G., q. s /. G., por
cent to 1915c; ohios, ~ psr cent 10 2eX and
Now York Central, por cent to VI.
THE aOLp-Roo.I
In the Gold-Room, .wlloro tho transactiona
have exceeded two hundred millions in o eugle
day, Of 1ate thero hnB been q atagnation 80 great
That tho avorage sacs hnro reached only from
twenty-five to forty millions. Nlany brokers, in.
decd, Lave declared that gold speculation III per-
mancntly doa1, except 30 far as 1t il kept alive
by tho actual requirements Of commerce. But
yoatorday tho excitement was at 1oaHt a good
stimulation Of Tint which prevailed In tho Stock
Exchange. Tho doors were opened precisely al
10 O'clock mud 800 brokers poured iuto tho droary
il-kept roon No tmo waH lost. Tho littlo iron.
fonced fountain in tho eunken contro instantly
surrounded. and bidding commenced. 'sTwolva
and an eighth for 1.-Two thousand" vas tl,o frsi
distinguishah1o ofFor. Gold had cloHod the night
before at 1926, md this slight drop at tho start
stultii1od tho general prophecy Of riso. Tla
brokers yollcd aud shook their flatB with rathol
4ao!c 1AhA Iu1 SAoAoH'af3 f4Es Nut H!hllb VI nj"
prehenBion wore unmiataknbe. fThero afn
nothing to hold onto =" waB ono and very good
definition of tho feeling among tile operators,
During tho first llalf hour saioa woro n,alo at
112h, and tho lnlf cent WIS got little before
II.
At about that time tllo President rond q note
| from George Opdyko j. Co., lonying the r.ltnol
| of thoir fniiu1o. Tho brokorB choorea Justify,
| md then returned to their pn1ltcmonium arouud
| the fountain.
| FIsK HArou's FAILURE ANNOUNCED.
| When tho Presidents gayel dropped again
their Tongues did not stop wngging. Rap, rap.
| rap, went tho rosounding wooden llnmmcr.
~ want you all to understand, ''and tho Pros.
itlont when partial qniet,i7e lad bocn gained,
"tlnt don't call you to order without meaning
! 1t. Hold your tongncs!'
| Tho brokers laughed n little at this, and thou
grew sobcrly expcctant ns tho President held up
q noto and proparotl to road it:
"Uwing to tho widespread want of confidence
caused by tho failure Of we-Auown firms, " read
] tho President, nnd to advances 1nudo by US to
railroad companies, upon which VIC cannot in,-
! mcliately realize, We aro unable to meet tho
heavy demands upon III, mud arc compelled to
| announce our suspension"
The brokers breathlesBly awaited tho rcadlng
Of tho namo signed to tlo note. The perfect
silence was in striking contrant to tho previous
| uproar. After n pn,lBe tho President read on:
"Although we have no unBottled business
| with your Board, wo tnko tho opportunity Of
| thus announcing the facts.''