New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-03-31
TUESDAY. March Sop. NJ.

The dav in the neiphborbood Of the Gold and
Stock Exchanges has been one of feverish excite
ment. Gold opened with sales at 49,, with the
loaning rate per cent per day for use; but both
Immediately developed weakness and declined to
ll6 and per cent per annum respectively. Later
the premium broke to Ia, with the linal sale az
H. Opinions differ as 10 the true meaning OF the
changes from yesterday, and IL is impossible TO at
rive at satisfactory conclusion ON when 10 BASE
an opinion of the future state OF the market. Inc
cable announces the shipment from London to-day
Of SlGS,OOO gold for NcwYork, and the Sub-lreasury
has TODAY paid out $4,000 additional for called
bonds. These continual drippnes will after time
prove too heavy load for the capacity Of the gold
clique to manage but in the mean time dealings IN
the merchandise called gold is attended with ex-
IRENE danger Foreign exchange Immediately ut
the relief of the changed condition Of the gold mar
ket aud sterling which opened at 4.Sl and 4S2.
ouickly advanced to 4 81 and 4.SG Dispatches from
Washington announced that the Secretary OF tue
Treasury mas ordered the retirement and destruction
Of 81 4SS 900 legal tenders being - per cent OF the
amount Of new National bank currency which has
been issued during the present month. These figures
are full of hope and encourage ment for every honest
enterprise in tina country while to all schemes of
wild catp nature they strike di3Dlay. The STOCK
Exchange to-day, with smaller amount Of business
than yesterday by over 100000 shares has been the
scene Of intense and continued excitement The
fluctuations in prices have been wide and violent,
resulting in a material decline upon most of the list
There were unpleasant rumOrs of q wcllknown
operator having left the privilcges-puts and calls
which he had sold unprotected; and to the effect
that his brokers, who were left in the lurch, had
protected them selves by general closing up of his
accounts These rumors winch seemed to receive
confirmation late in the day from the activity OF
certain brokers known TO be closely allied with the
partv m ,atlonad, caused a deu0rallzed and unset
tied feeling, from which the market had only Just
bcpun to recover at the close. The total transac-
tions IN stocks have been, according to the official
list 391O01 shares. Western UnOn, which has eX-
nibited great and exceptional strength. closes TO-
night per cent higher than Yesterday. $4,000 shares
.a,lns s,ld at man. SlU 77D BD 7ia a ~.
Pacific Mil after several violent and rapid fiIctua-
lions, fIally closed with q loss for the day
of /. per cent. $3.50 shares selling at 49!04l.0
i3la ilGI.0il0Hs. Unlon Pacific with transac-
tons of c. 200 shares, has finally had reaction since
it passed - worthy of notce-opcning at 81, 1t
ouickly dropped to 65, rallied to Ga sold back to
g. where it met with stop orders t. e. orders to sell
when the stock should fall as low that price-on
which it rapidly dropped to g.. and quickly rallied
to CT; but on the general decentralization just before
the close, sold down to Co? closing at ca, decline
from the final price OF yesterday of 8. per cent
1920 shares of North Western sold ut 4jlOi6044.a
AZ, being a decline for the day of per cent. Only
20O shares of the Preferred sol at SO! and So
St. Paul gains per cent over last night TO- 200 shares
selling at IS. as. G3j.037; 1870 shares of Rock
Island changed hands mt 1OG}0 l0j, Ol0G; the final
price being better than yesterday. Wabash has
been excited and higher, owing principally to the
purchases made by brokers supposed to be
protecting themselves against the reported repudla-
ton of calls upon the stock 700 shares sold at l
alGGljs Ql6s a l0lS0lj., gain Of ! per cent on
last nights price. Ohio and Mississippi, after selling
I'D. finally closes with loss Of per cent; 1900
shares sold at 2SlD3s. 02992S 21,00) shares Lake
Shore sold al 130 49, -. 49,. Erie continued
to exhibit weakness since the recent heavy liquida
ton of the short interest and closes tonight II per
cent below yesterdays price; 47l00 shares sold at
3ll03l ,Q3003 029s@29.. and 800 Central sold at
1Ol 200 shares of Hannibal aud st. Joe sold at 81 a
o7Q2Ss an. being loss of per cent. the market
closed barely steady at the slight recovery from the
decline and amid Il feverlsh excitement. The open
ing highest, lowest and closing prices of active
,,.ol,. ooIl to-dav ,yorp 10 foIloys.