New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-20

Rutter-Snlpe were uuou from an early uOuI' N
large number of women were seated in the spec
tators gallery chiefly enjoying the spectacle as bit
of rude fun Strangers, without tickets persisted in
blocking up the entrance on Wall-st., and turned
a deaf ear to the opportunities of the doorkeeper'
who wanted to have the way kept clear. The roar
of the exciting combat was brought to their ears
from inside only to render them more eager for adj
mission. Among the excited crowd inside were All
varieties of the man Of speculation. A lew lndi-
viduas sat apart if fearing to enter the
whirl although they were known TO nave Doiuly
ventured and heavily won at many previous tour-
news of the same kind. few others had hung
themselves into the cushioned seats about the roOn
no ~ exhausted or wounded in the contest. But
without thought of these, the main crowd surgeu
and tonight. Groups were planted about the room
with hands and voices raised, screaming into the
ears of neighbors and shaking two, three, or four
fingers in the faces of their next friends without
cessation except the seconds required To ot sale or
an item in their books Above this uprOar the Pres-
dent of the Exchange sat in immovable serenity
rising only occasionally to read the kilograms that
were fluttering in upon him. As he hammered on
his desk the operators surged like flock of sheep to
his neighborhood and listened TO the first few words
of the dispatch and then, impatient were away
again TO the ceaseless squabble When the names
of failing firms were read there was sometimes
prolonged whistle and heightened mutter, and
when the names of Greenleaf Norris IL 20. ana
Jacob Little d Co. were announced there was some
thing like wall for they old and well beloved
firms on Wall-st But this ebulliton of feeling was
exceedingly transient, and the mob were In the
maelstrom again before the wall ceased. In fact"
said an operator, in one of his lucid moments, to
THE TRIBUNE reporter, there's good deal of
brotherly consideration displayed here. We feel
charitable about this thing because it is not like
Black Friday, you know. This is a square bust"
Stocks continued TO jump and tumble, and dealers
fought just desperately over Central at 96 as at 81
and Wabash was choice an investment at 30 as at
4Gk Harlem fell from 100 to 30, and the bulls en-
dured all the agonies that might be imagined for
"bull' mind under the circumstances but the fight
continued as unrelentingly as ever. With these re-
suits the day passed. The publication of failures
continued from the Presidents desk, telling of
brothers falling in the strife, but the warfare went
on all the same and the gong at o'clock failed
to disperse the crowd loud hurrah hailed it, and
hats were thrown in the air, and cheers were given
as if the spectators were glad the day was over
land all was well" even as well as it proved but
nevertheless they continued to make bids and
offers until the officials of the Exchange had gone
and few watchmen hustled them out in the rain
THE GOLD ROOM.
The Gold Room represented to some extent the
upper end of the see-saw, but the solid metal iluc-
tuated with almost the mercurial frvOlty OF paper
stocks. The galleries contained number of inter
ested spectators, who could not get access to the
more enliyening scene in the Stock Room, and the
operators on the floor inclined TO be noisy and
vehement. 1t has seldom occurred since the war
that such glorious opportunities for business were
afforded as the oscillation of gold between 13s and H.
4 ~ IN al
use of so promising market But an air Of severe
fespectability rests about the Gold Room, such as
rested upon the South Sea House in Ehas days, and
the unusual chance at business presented yesterday
was conducted with the utmost decorum.
THE PRODUCE AND COTTON EXCHANGES.
At these two homes of legitimate business the
effect of the Wall-st. crash was hardly visible
There were fewer crowdsthan OH the ordinary days
on Change. and even less vehement talk than these
comparatively staid and sober centers of business
sometimes display The greater number of the
members Of both Exchanges We're away looking at
BrOad-st during the day, and those who remained
found the possibilities of the great crash of more
interest than the fluctuations in pork or cotton.
talk with Mr.. Grant Secretary of the Produce Ex
change Gen. Horaho Reed Daniel Dowas, and other
oracles of that and of the Cotton Exchange con-
WINGED TRIBUNE reporter that the Produce
men were not likely to be influenced by the troubles
of Wall-st., except in individual cases where the
spirit of railroad speculation had invaded the steader
pursuit of produce dealing, and unless the banks
became affected. Gen. Reed thought so long as the
hanks were safe legitimate business was safe. The
bursting of few bubbles on Wall-st. ought not to
interfere with the laws of supply and demand, and
could never do so if the substantial money deposit
tories of the country kept clear of the bubbles He
fully comprehended the spirit of speculation and Of
peculation that seemed to have premeated the most
trusted corporations but he believed the great
mass of banks, backed they directly
by Government funds and made proof to
great extent against improper administration
by FREQUENT Government Investigations, would
be able to Withstand any storm that might
threaten them. The trouble all grows out of that
species of kite flying" called railroad building
and one unmistakable lesson was to be deduced
from it-that for one man to undertake to build
ON his own hook railroad to San Francisco
and for any number Of men TO undertake to build
railroads with no more substantial basis than bonds
was dangerous folly Receipts and exports had re-
ceived no check as yet from the prevailing crisis
but would be likely to do so at once if money re-
manned 80 unsettled. This was peculiarly unfortu-
nate at the present moment when Europe so much
needs American produce and America needs Europes
money. The only uncomfortable effect Immediately
would be to make all purchasers timid and moneyed
men uneasy
CURBSTONE INTERVIEWS.
SHORT TALKS WITH PROMINENT OPERATORS.
Areporter of THE TRIBUNE left the Office at noon