11
S.
I=
q
ID
I
WORKS.
pIT'OBURGiI
-11 STEEL WORKS.
IBTABLIBELED IN 1845.
&• WOODS,
DIANUP.A.CTMEEIi OP
ZEST T REFINED CAST STEEL
Oforori description. Also, beat !
Befipl . GeFinan Plow ` and Steel.
omutrErt ROBB .AND 7111 ST AYlSNXlX,Plttei
birqb. •• • • suismai
KIER, &
r .
GENZRALI'AiTiatiB
WM. MF.TCIt.' tr. REUBEN MILLER,
.13.E0. W. BARB, I CHAS. PAUELIi.
arsciet, PARTliza-8. 2d. KIER,
CRESCENT STEEL WORKS,
ill - TLIER, BARR &
OIVCE,No. 119 Liberty Street,
rirrssusaa, rA
fei4:do
))ITQUEME. WOO S.j
Di)MMI & CO.
iLwlnflscturera
IRON, NAILS, STEEL,
'AXLES AND SPRINGS,
notarEsait, L X ADD JIIX - lATA,
'ILLT BAR, ROUND AND SPE T IT A_N it E IRON.
- BAND, HOOP, SHEET AND IRON.
BOILER PL ATV' AND HEADS,
:WARD IRON DRAO and DROPPER BA.
FLANGB I : etrrrza. BARS, OIC
W AND PLAT. RAIL for Coal Roads.
• ZBOWB ARS,WE.DOES A HARROW TEETH,
_LOW .t..ND CULTIVATOR STEEL,
earzEL WINOS AND MOULDS cut to pattern.
STEEL TIBBS, STEEL .SHAFTIN 4 3, A. B.
TrEL.
- - alum, BUGGY and WAGONSPRINGB and
.3.LES
, ;C t . = tAIL§, AND srvass.
- 'lll gloodairst Class and Warranted.
• OFFICES AND WORIO3.
,I,LaSeenth Barbet and Allegheny River,
and 7%..Water Street. Pittsburgh.
:4110/714E1Lp, - 13TEEILoW0/Eillill.
I .l.l3Gfiai NMOK & 00 „
PITTSBURGH. 'PAIL.
latizeotorers of every ,doscrtption of . t -
ZAST ANW.GERNAN STFFiy
.1.711LW BrAINGS,
.!C A AND P V TIFOF EEL el
Btl,Water and 100 First Sts.
LAGS.-DHA.RIOND
STEL WOYIMS.
BROTIM & CO.,
itsronlitnrers'of all descriptions of
19 6 X 1 MMIJ6
and Wwvhouse, TEI THIRTY
..V 1.33 T and JII,I9LOAD HTILEETI3,
BRASS FOUNDERS.
. - 11700 D & M'CAFFREY s
o.
Cor. Liberty. St. & 3d Avenae,
PITTSBURGH. PAL,
BRASS ' FOUNDERS,
L --- And Iron Pipe Fitters.
And AGENTS fey A. BL O WERS CO'3
STEA.M PUMPS AGO ;
H EIHY-BIWI..
HENRY BIER & CO,
succEssorts TO
our ni. COOPER do 00.,
Bell and. Brass Founders.
ISIZASi • CASTINGS
HIDE Y3blarTE.T TO ogoza,.
Maleable And Grey, Iroa ,Fittings,
GAS PIPE AND TURING,
YffIiOTILE SUITT AND CIIECE VALVES ,
GLGBE PATTERN.
40074( .0000kr-S,
Srttas Work ot every deficription for
Stem, Water and 01h,
zenusszttis*B4 Or .1. At.CUOPEB. co
Improved •Balanee-Wheel Steam f: Pump.
Agents ftii Dr
e 7fits , , l'atent Ott
ers. the bar n Market.
Dee and Works; rner 'lturte•entband Pike,
treats. sins
IRON WORKS.
riatism . .•ti.toess - ..
'Zee Trustees are now_p_eosreilittgraill.
:Mi en-
Y tor the WIC 14 tiler .ziriAtaammalt
ON ,SS.
Toe superior qualitiiirePeOeCto geoid iron,
"at great improvement4inerlartron, end the
•: educed cost. commend it to Lit manufacturers of
itiincoliiiiihirm by
l'arties wishing to Well
to •
J'AZII.EIiPiP: (SEER
Attorney for the Trustees,
I.OOASAMiIdj Ai Anglisitle umng,96%
Y'oalth avenue.
3 .2r.r ties interested are invited to visit the
1:::1NUN:WM IiVONAS, AtW-re the ?me II LB
'4CO4 In snecesstui elperttion. leS:a7
RELESTON &
.2.14
•
,e•:- 1 "itirattisniti Iron Works.
• SOIa'AGO slid /GT FOIST,
iTItZET, opposite Moncregasels House,
'5 4 14 1 :4 8 ._G 3.,31:'3 PlTTBaunon
NQ ,Ty WORKS.
NOVEELTUWOWIM le
Wounded A. •D. 1883.
COI
.!.T.YSTONZ STANDABD,WAISBA2FIE 55AT
INT) PIAT7OSSI. AAD COUNT= ,
Eak it it s ty
Jac= Need al a:La
P s aint add Clone Milk
"30E91101. 11 /MtrIg a rGIAIT
ya.,4
MEI=
,3TIGINB3, BOILMI3,
HUGE 112 - BOLE & CO2,
Qr. - Point Alley and Duquesne
! ppeLli TEM rourr,)
--
Engine Builders, Founders and
ataeltiriists.
Manufacture BTRAMBOAT ENGINES and BM
:SART. ENOINES, of all ekes..
8 eclat attention Invited tour UR STATION.
- OIL WELL' ENGINE AND PORTABLE
BOILER, of 18-horaerpower.
CASTINOBf every kin d; made to order stow,
Foundry, on THIRD BTREET, below Market. '
R 1438 for Oil Wells. BHAPTINO,
_PULLEYS,
HANGERS, Rousß and TOBAOOO INIREWS and
IRON TOBACCO PRRSFEB, on Sand and made to
order. at the . • .•
INDUSTRIAL WORKS,
Fronting on the Allegheny lifter, near the Point,
Mr AU orders proraitly flied. TRY U
FORT PITT /' '
itiILER, SIM AND TANK
CARROLL & SKYDER,
TITBULEN, YKKIBLE-FLUED TUBULAR,
FIRE-BOX AND CYLINDEp STEAM. BOIL
ERS.
OM STILLS AND Olt TANKS,
CHIMNEYS. BREECHING , AND ASH PANS,
SETTLING PANS, SALT PANS AND CON
STEAM PIPES, GASOMETERS AND /RON .
BRIDGES;
PRISON Dothea AND OOAL lIHUTEM
Offlee and Warehouse, corner SooOtsd,
Third. Short nod liberty Strooto,
Orden sent to the above address will be
.rotnntly attended to. mh7:1BO
WM. BARNELILL & CO.,
BOILER MAKERS
AND SHEET IRON WORKERS,
NOS. SO, AS, SS AND 1165 PENN BT.
Raving secured a large yard and tarnished it
wan the most approved machine-I'Y we ste_O:e
pared to manufacture every description of BOIL
ERS in the best manner, and warranted equal to
any made In the country. Chimneys Breeching,
Fire Beds, Steam Pipes, Locomotive Boilers,
Condensers, Salt Pans, Tarim . , 011 Stills, A.gita-'
tors, Settling Pans, Boller Iron, Bridges, Sagaar
Pans, and sole manufacturers of Barnhill's Pat
ent Boilers.
Repairing done on anortest notice.
JAB= D. D. us=
:TARED NAIIHISH & SON,
TLCTDssne:ot
Steam Boilers,- Oil, Stills, Tanis.
• mom wenn. &o.
431 ;Penn Street,, I.Nttsburgh, .Pa.
STOVES, CASTINGS, &Ili
- -
A.. ISBADIAEY diz CO.,
BO WOOD STEM,
manuactarers of the greatest variety of
Cook,Parlor and Heating Starea,
TO BE FILKINDg
In our assortment will be found all theLATEST
PATTARDS AND IMPROVIiIIEP TS. and the
reputation'of oar Stoves is such that an* one in
Want of a good article should purchase none but
those manufactured by us, as they will be found
the most durable as well as economical. Would
call Particular attention to our new VOLCAN , i
STOVE. for churches, balls ana stores. Over 500
sold in three months. Intended for with or with
out casing—Ail who have used them pronounce
them superior to any other and far cheaper.
Send forDatalogne and Price List. je3o
PITTSBURGH.
ORM', HUGO & CO,,
V.A.NOTACTVEMEte or IVY VARIETY OT
BOSTON COOKING RANGE,
"THE FIERY FURNACE,"
Fos W•11.10AG EMELDINGB.
THE NEW ANTI-DUST COOKING STOVE.
”REGULATOR. ,, COLUMBIA COOK STOVE
YAM'S Az
eTerelnnaglifiriteArti PORTIts
ORATECTOR, GRAfree Vaud= E
PE TS. Ac. and dut;
206 - ind 200 • Liberty Street,'
se:Mryl7 • • •• • , PITTSBURGH. PA.
.GUAI'AVI/B BASC
COOK STOVES.
CET THE BEST.
RIESSIMILJA €0:11
' TRIUMPH..
,
FOB Ifizrizmilvoim COAL.
Warranted to Cook, Bake or Boast as
snit as any other Bkme In the' Union.
• " BISSELL & 00. 1
No. 285 , ,Libertv Street.
Also oa nandand for : Wei
8"T1PAR,17. 421 0k311.1 PE.NDEBB,
nOORTNG isANOW , S. ie.
TO BUILDEM t •
500.000 feet Dry Pine Boards.
1.1k1,1300 fecteltf. inCkOlearriank;
ssotftylentiatfi-incllCommcmPtinkt.•
115,000 feet Du 1 and SI inch Oak: •
515,000 ft. and 3 Inch Poplitr:
10 4 you feet - Dry Poplar licantllng;
1%000 feet Dry Yeliow Pule Boards; ;
100,000 feet ffesalock Scantling.
503.004 feet.Ndel Inclll.safftlinil
Ems. • •
SOO,OOO No. 1 ifi-Inchninees. 'Wed:
• 50,000 No. ll6.dzscht3Matesi innvedt
• 50,000 "Ire Brick: • . • •
1,000 Fire.
100,YbitsL1/450111:::'.1 ts. 4
• Also, Saw Mill Locust Lumber, and Cedar
Post 4, an i d e aclee In Omltmon band and for
sale by DBII V.5=511130N. Yards—
No. mil Rebecc dit a' treet. and corner of Preble and
Juniata streets, Sixth late bur
- ough of tistitlmitC4 tp:11
GLASS: I.I OEINA; )OU DR •
*FPI SBUEG 0 AZETTE : SATURDAY ;--- SEPTEMBER 25, 1869.
PITTBEInieII. PA.
WOR',ES.
ILLITII7ACTUSIIsB 07
PITTSBURGH, Pa.
/ 7 - LUMBER.
TREET.
elitg• !FOOD
z ;; GOODS. '
EWE. VASES,
isommixsar AND CHINA. •
NEW ~TYLBB -
DINN/r.R TN .
TE M A lizTl3.
9
4ognixt tirllT CUM '
age .Lock of I;
SILVER PLATED GOODS
te C el a i l atisledirb i g: ou r
ed W i tt blt i alte w d e .
41
MIL ED & CO.
1
t~.'l]Fl M>/
FOUNDERS, MACHINISTS.
W. J ANDERSON, ...... FILEYVOGLE.
IIONONGIIIIIII FOUNDRY,
N. J. ANDERSON & CO.,
_ •
Mang f:cturers 'or IRON noun FRONTS,
WINDOW LINTELS and SILLS, and
Ckstings of all Descriptions.
Aar Erdal attr titian paid to ARCHITECTU
RAL CA , TINGS and to Castings for Window
Glass Roust a.
OFFICE •am IF owipar—No. 159 WATER
STREET, Pittsburgh. pa.
KNAP FORT PITT
FOUNDRY CHUM.
OFFICE AND WORKS,
TWELFTH TREET,
PrrISBURGE, PA.
'Engines, Rolling Mill Ma
chinery, Nail Machines, Re
torts, and Castings generally.
N ATIONAL FOUNDRY
AND PIPE WORKS.
Cornor Carroll and limaLiman Streets,
(MYTH WARD,)
PITTSISITEiGiLL, PA.'
WILLIAM SMITH S
Manufacturer of
CET 111,01 1 1 . BOWL PIPE
FOR CAB AND WATEILWOIIIII4.
K l. P arllaeVi cisst t i tts 7 . l llTO Y , War" d ng
of general
Castings for ('as and Water Works.
iwottid es:Li the - ftention of Superintend.
enta of Elau:Srorks to LJ make of ILETOBTS.
DUQUESNE 'FORGE.
WELLI7II
(Successor to JOS.
d PA HAIGH & C 0.,)
Hu facilities eo-extenervo with the leading
Forges In the East, and Is Prepared to promptly
and satisfactorily Ali 111 orders for STEAMBOAT
SHAFTS, CHAN - KS. ] PISTON 1101) 4 , Lt.VERS,
PITMAN JAMS WRISTS, RAILROAD AXLES,
LOCoMOTIVE FRAMES. Aogether with every
description of SHAM, WORK. °Mu and Forge,
Corner of Dupes e Way and Firat Meet.
spicb4o
ROBEITSON, rEA & CO., •
Successors to 808111807, Norm A musints.
WASHINGTON WORKS,
FOUNDERS AND MACHINISTS,PITTSBUR6H,
Hanafiattrers of Boit sad Stationary Steam En.
eines, Blast Engines; Mill Machinery, Gearing,
Shafting, Castings of all descriptions: Oil Tanks
and Stills, Boiler aid itheet Iron Work.
Oince, No. IS, corner /first and Smithfield
Streets.
Agents for OIPPAILIMPATRNT INJECTOR
for feeding Boilers. I • jali:rei
THOMAS CAItLIN & CO.,
Fourth Ward Foundry and Machine Works
_
BLNDUBIEY BT., kLI,IO3TENI %awl. PA..
Manufacturers Of Stationary and Portable Steam
gnglues, eras..., lers, nhaftlng, Grist
and Banll Work; Bolling and Macklne
Cullum Grate Bus Weights Wagon Boxes,
dc. Build to order and hare on band gamines of
all Maas. - . invitgs
OILS.
IL WOBSS.
DWffoND
H., M.
l ONC & CO.,
BUILDING,
Once, DALLZEL
e Way. Pittsburgh, Pa.
Dn4
WARIN6 AND KING,
couusauion liarshanis sad BreMrs la
Petroleum and Its Fri:duets,
. OALZELL 0 3 BLOCK, DUQUESNE 110,
1113LADRUSIS ADDUZBS.
Room 17, Chamber of Commeree,
123 SOUTH SZOOND,STMUCT.
spin .
TACii 11.110T1.1.E1115,
COMMISSION IifEIICHANT.,
• AL DICALIEBS VS
Petroleum' and its Products,
J
Pltgb e nlll 4 o f i rip i t i L a Z a Mi ta l B lim rn:DlNgl.
aora PhlaAelphi:(ll 10*-11111107,ILLN II T trr. k
a , 1:w30 I
ECLIPSE P TROLEUM -REFINERY,
W. C. TIVINDDeka
Lubricating & HO Test Burning Oils.
zenrw. Sntlrond Azle 00.
Stands 'great] heat without change; remains
=gad at lowest temperatures. Special 011 ror
tropical climates or hot weather.
Locomotive; Engine, Machine Shop,
Will cut aorewa.
Sale 11101 arid Mantua 11.11101 his
/Wi l ted inr high speed.
Spa • 011 $ WoollSeadsLiplit Otis
OIL ansserellteffs Seaseles
lag& nabbing Oils 6**o l l lll .o_'
Hammes Oa Parratisios
Allid01; VAILNIBII t to present. Bright Iron
Work and Machinery from Rust.
These kiroduots tre g ininutaettli Oilier Ph
Twaddle aliment y uperheated team n Vac
ono, % he Lubfloattng :Ali are almost odorless,
perfectly pure, unt fOrm, and meetly ht 4 301.
°rod. atan d a high temperature unchang li e g d. and
n t:llllnpiadurro■estromacoldl The Railroad
Old are unequalled, and are to constantuse on
many of the principal Itallroads. litampluirLan
‘eiramlneit and orders left at ll* vamp
InflititT, Works at iiharpsburg
STONE
WWI! WPM ,
txr.:..-!+ I ANOMROLN9n4 I -IWPONE
EnILWIRTEg9S,WW9_I;&on, Al 1•0•47.
Nub% ATIT/Vrim & Oth .
'HaysolibiguSlrr on i ergenT rtli
la n e r gr a as. sr?
W' ? . prompily suout4d. Mei twoludgit
FINANCIAL.
AMERICAN BOIL
NO. 80 FOURTH AVENUE,
PITTSDURGU. , :;
CASH CAPITAL 1 . •• r • , $200.000
Stockholders ladividaally Liable.
RANH OF DISCOUNT AND DEPOSIT.
JOIEN WM. FLOYD,
Prestdeat. Coihier.
DIRECTORS.
Thos. M. Marshall,John M. Mnrtland,
I
Wm. T. Shannon, Archibald Wallace,
•
James W. Arrott, Jas. L. Kelly,
Chas. IL Leech, I, Wm. Floyd.
John Floyd,
Thls. Bank Is now fully orginlied:and . prepared
to do a general Banking business.
Selok43
CITY BANK. -
112 Fifth Street, Pittsburgh, Pa.
CAPITAL, 5100,000.
~ •
STOCKHOLDERS INDIVIDUALLY LIABLE,
INTEREST PAID ON DEPOSITN
FOREIGN EXCHANGE
Bought and sold, and when_desired remitted to
Europe. Collections made on all the principal
points of the United States and Canada.
llomiNimitimsa.N, L'reshlent.
JAniss McCabg, Vice President.
W. N. MOiloaN. Cashier.
DIRSCTOIIB.
D. Ihmeen, • James McCabe,
Thomas Rourke, Hugh Keating.
J. Dunlevy, Jr., Terence Campbell,
Patrick Halm,: . lames Phelan,
Chao. B. Barr, , H..A.Frerrogle,
Jno.Jus.liermann, Thoma' Barnes,
Jel:k JOS. M. OAZZAM, Solicitor.
THE
SAFE DEPOSIT COMPANY
Of Pittsburgh.
IncorPorated by the Legislature of Pennsylva
nia, January 714, 1867. For the safe-keeping
of Bonds and other Securities, Bole and Silver,
Silver Plate. Books, Records. Diamonds and
Valuables of all descriptions, under guarantee,
and for the renting of Safes in Its burglar-proof
vaults. Building and Ocoee:
ro. 83 FOURTII .IFEJITE,
IFIfT23ISEUGH, PA
241611/LNT-VrELLIAM PHILLIPS.
Vice. l'amun:NT-11ENItY LLOYD
DIAZCZOnS;
WM. PHILLTPi, JAMES I. 'BENNETT
HM NRY LLoYI.), BYRoN H. PAINTER
WILLIAM REA, JOS. S. MORRISoN,
WLLLAAIt M. LYON.,GEORRE
CURTIS U. DIUSSIGY.
SECRETARY AND TREASURER
d. F. VoN BoN.I.IIORST
suMn67
lg . HOLZ/ILES & SONS,
33.4eL/NT3II2r...II3ME;LgS,
57 Market Street,
Prri.riS33l: l ll 4 l3l.lll, PAL.
Collections made on all the principal points o
the United litates and Canadas.
Stocks,Bonds and other Securities
BOUGHT AND BOLD ON COHNIOtiION.
Particular attention paid to the purchase mid
to a of
lcroated States Srurities.
HART, CAUGHEIOi. CO.,
BANKERS AND BROKERS,
Corner Third and Wood Streets,
PrITSI3I3I3OII.
OITICCEB3O3I3 TO SANINL. HAM ♦ C 0..)
Dzasns IX
Exchange, COIn, Coupons,
And Dardealai attention ;ald SO the parasse
and sale of
COVERNSSENT BONDS.
•
L
EW, ENTSTTAD on London.
! G lIARWAT GOLD LOAN.
PACIF
rs. DABNEY, MORGAN & CO.,
in
c Place, and IL K. JESUP & CO.,
Eichan
. Street, N. Y., offer i for sale the
pt the Kansas Pacific Railway,
mils pay seven per cents in Gold;
irty years to run; are Free from
eat Taxation ; are secured' by• a
12 Pine
Bonds
These
have
Govern
rant of Thm Zillion litres of the
Land
Lands in Kansat and Colorado.
Pinot
Lion to this special grant the Com-
In add
pany
In owns Three Million' of Acres
in ivici4 bin!, rapidly sold to
develop the country and improve the road.
They are a first mortgage upon the extension
l a Abe iol i d iron" Sheridan, Kenne l to
Denier, Colorado. The road in operation,
417 miles long, upon wb4sh it is also a mort
gage, NOW EARNS MORE THAN ENOUGH
NET INCOME TO PAY TUE INTEREST
ON TIiR NEW LOAN. There is no better
security in the market—this being in
so 4 teepees belief than Government Se
curities, PRINCIPAL AND INTEREST
401,D 1 .‘' Prim ' 96, and Recta
ed Interest, in Currency. Pamphlets, Maps
off. "P i 481°16"
E
FINANCIAL.
4 Q<Dtar-a3C),
SILVER AND COUPONS
Bought at Highest Prices.
PI L R. NERTZ, Banker
Cori. Wood and Fifth Street&
my 6
jAlliS TS" BRADAL Co.)
(Successors 08. JONES h C 0..)
Corner Fourth and Toad Sts.,
3IER .L161 4 4T 3EL. 7IM 3EI. leo 9
BUY AND BELL ALL RINDS 01'
GOVERNMENT SECURITIES,
SOLD, SILVER AND COUPONS,
ON klOB . l FAVORABLE TERMS.
Interest Allmon on Deposits.. -
101-Moncy losned on Government Bonds at
lowest market rates.
Orders onoonted for tho Purchase
and Sole of STOBBS, BONDS and
GOLD,
JAMES T. BRADY & CO.
llittsburATJ Gayttt.
FINANCE AND TRADE,
OPPIOE or PITTSBI7EOH GAZETTE,
FRIDAY, Sept. 24, 1869.
The excitement in Wall street today
has certainly exceeded anything in its
history. The great Erie corner. re
pesited twice, the corner in 'Fort wayne,
Cleveland and Pittsburgh, New York
Central, Pacific Mail and Michigan
Southern, ware small affairs in com
parison to what was enacted in gold to
day. Although the, fluctuations to•day
in gold were not as wide in their range
as during the war, they were never so
violent and so different in character,
as during the war when gold ad
vanced suddenly, everybody was
concerned in it, but to-day the out-
Side public bad no share in either the
Profits or the loses incurred; these were
entirely confined to the dealers in the
foreign banks and the importers. If
gold . advanced on the strength of the
misfortunes of our armies during the
war, the mass of the population rushed
to buy gold, but- to-day the man who
carried gold ever so long, could not sell
it except be belonged to the ring, or bad
millions to sell. The plant for the great
corner in gold emanated from the Erie
clique with Jay Gould the Treasurer of
that company, and a partner of a bank-
ers firm long prominent in Broad street,
as its heal, in conjazotion with another
brokers firm also prominent in the gold
room. These parties noticing how im
porters, bankers and a number of,. pri.
vate individuals were .discounting-the
expected large export of cotton, grain
conceived the idea of buying up all
.the gold on the market. or in other
I words, all that the, Banks held and what
' was in the SO-Treasury, represented
by gold certificates. They took all the
contracts they could get, said to amount
in all to about 75 millions dollars of
gold. With this in possession, they sud
denly refused to sell at any price, and
offering all that was offered in. round
lots of from one to five millons; thus
keeping out all the , •ernaller 'op
erators, and preyenting any
~j. e mbar
rassing settlement' at a crisis and
saved a large amount Of margin requir
ed by small houses. It is reliably re
ported that one house on Broadway was
short fifteen millions, and othersin pro
portion. By bidding today for : lets . of
r five millions at 16D, and above, it was
I thought 1,75 could be reached. ; The Sec-
retary of the Trutury, however, came
in time to prbvimat such a calamity by
offering to sell four xnillions of gold on
Saturday, and four millions on Monday.
We never saw so many anxious faces
to sell their gold at 160 as to-day, with-
out being able to get a bid, as it was ut•
terly impossible to sell, or even buy,
otherwise than in millions, with but few
exceptions. It was really surprising to
see people hold back yesterday at even
Ij3, expecting to get 160 or 175 to-day.
The fluctuations, althbugh after
being down from 162 or 170
in Philadelphia to 136, suddenly jumped
to 147 and 160 'again, to decline almost
instantly to 135, 134, 133, 130 and 133%,
to 134%, closing at 5. v. la. at 133% to 134.
What the tilitln; price of gold will be
may well be 1 gined with eitflit mil
lions coming from the Treasoryi
About thirty-; ye millions to be paid
in interest, du. in November, but an-
lions coming from Ea
ile way, with daily in
and , an sager, crowd of
dsclinb, antichiating ell
cies. — Under - such cir
, • y need 'fear 'tliat .this
excitement in gold;
be rapid, although
until a point about
hen business may re
r course, and not until
I
.usiness be,done with a
Space here prevents
. the further effeo:a of
g question to-day. ,
received Dv Ph . R.
OM: Silver, 128; Eighty
le Twenties, 1882, 122 M;
Co 1888, 120 M; do 18815,
1
do :1887. 119%; do 1888,
low - 109 M;
_New, York'
Cri t et._,---f7;Ovii;
et . liropies - d11: - MIftgo .
WO.* , itteisal.ppis 12Ni.
lathers!, 92M; Clev&•
iburght 95/ - Chicago a
ticipated, and
rope, now on t
creasing export
speculators for
these oontinge
aumstances nob
was the last
uctuaticins w L
less -violent,
120 is reached,
aume its regub
then will any 1 .1
degree of safety
us extending o
this all absorb'
Quotation*;
Mertz: Gold, 11 1
one's, 120 k; F
do 1864, 120;
OcKukOlsr - /19it
119; Ten 'so
OanWs / 0 14ii k ,
84,it
Michigan
land a Pit
Rock Island, 108 X; Chicago, dr. North
Weatern, 72x; Chicago dr North Western
Preferred, 84%; Adams Express Com
pany, UV,: Merchants Union Express,
11m; Pacific Mail, —: Western Union
Telegraph Company, £63; American Ex-
press Company 30%.
EXCTEtAiS GE, Large. Small.
London, per $6,56 t 7,60
Paris. per franc 25% 27
Berlin,
thater 06% 99'
Frankfort, florins 56% 58
—Closing quotations received by James
T. Brady & Co. Gold: 153%; United
States Sixes, 1881, 120%; Five-Twenties;
1862, 121%; do. 1864, 120%: do. 1865, 120%;
Ten-Forties, 109? x; Five-Twenties, Janu
ary and July, 1865, 119%; do. do. 1867,
119%; do, do. 1868. 119 1 4 Due Coln
- pounds, Union Pacific - Railroad,
86; Central do, do, 99; Cy. PaCitlo,
107 X; Lake Superiors, 96.
By Telegraph to the Pittsburgh Garetteo
NEW YORK, September; 24.
The excitement growing ont of the
gold speculations resulted this morning
in an absolute panic. At 9:15 A. s .147%
was bid for gold, and quickly the price
advanced to 153. At the opening of the
Gold Room the price was holy/ at 150 bid,
and 151 asked, and the , •bulls 4 offered to
make settlements with the shorts on that
basis. Fow, however, accepted the over
tures, being prevented by the hope that
something might be done at Wash
ington to relieve the marl et The
anxiety for news from that quar
ter was intense, and the hope that.
the Treasury might interfere was
strengthened by the fact that numerous
and very urgent remonstrances were
made to the President and Secretary of
the Treasury by parties who, there was
reason to expect, would have influence
with the Administration; - but not a word
came from the Government, and while
. _
the "bears" were waiting the 'bulls"
were carrying up the price by rapid
jumps to 16234. Near noon the
"shorts," surrendering all hope, be
gan to accept the oilers of
settlement, and some of the operators
most heavily short compromised on the
basis of 148@150. About noon an order
came from the Secretary of the Treasury
to sell to-morrow 54,01:0,000 of gold and
purchase au equal amount of bonds. The
order, however, did not come until the
"bulls" had compelled a settlement
at about 150, and the main opera
tions of the bulls having been
consummated, there was a sudden drop
to 134. By 1:30 P. 31 , contrary to expec
tation, the speculation culminated with
out any effort to compel the payment of
extraordinary rates for borrowing. On
the contrary, while the price was being
carried up to over 160, the bulls" were
offering from 1 32 to 1 per cent. per day
for having their gold carried. According
to the current report the "bull"
clique claims to have made $11,000,000
out of their operations; and the losses on
the other aide must , be equal. One
prominent gold broker, Mr. A. G.
Speyers, who was conspicuous this
morning for bidding 160 for one mil
lion gold, when the price was 135,
had failed to take up the gold,
in defense made`a statement in the Gold
Room this afternoon to the effect that _
the gold he bought yesterday was for
Mr. W. BAden, and this bill for gold
at 160 to-day was on account cf James
__
Fisk, Jr., and that his inability to deliv
er arose from both parties not having
given him soy- margin. He did not,
however, explain why he bid 160 when
gold eonld have been bought at 135. Mr.
Speyer's conduct in other respects dur
ing the day was such as to suggest the
idea that he was under some hallucina
tion, but a report current on the
street that he bad been placed in care of
his friends does not appear to have been
correct.
The enormous transactions in the Gold
Room have produced a complete block
In business. In the Gold Exchange
Bank it has been impossible to effect all
the clearances within the usual hours,
and the result has been that brokers have
been unable;to make settlements ortheir
accounts and several firms have been
forced into temporary suspension with se
rious
embsrassment to the whole market.
Several firms are thus placed in a post
-Lion of having their margin locked up in
the Gold Exchange bank and being nn
able to make their accounts good with
their bank, and therefore cannot give
their cheeks in settlement of 'claims.
The Commercial says among the firma
prominently affected from this cause are
A. G. Speyers, Belden k Co., P. H. Wil
liam!, Jr., Galway, Hunter tit Co., Chas.
McClure & Co., S. B. Waller and Wm.
Heath to Co. The two latter firma as
sure their creditors of their entire ability
to make all claims good as soon as they
are enabled to get possession - of their '
funds by the completion of the gold clear
ances, and there is apparently a good ,
probability that few of the other firms
mentioned will prove to be permanent
failures.
The Express says: The closing of the
day, the most eventful one in the history
of Wall street, was comparatively calm,
although in all directions were gathered
small crowds of brokers and specu
lators talking ever and discussing
the exciting scenes. It is stated
officially that tho gold exchange:
banks will probably be able to make
'their settlements by five or six o'clock
this evening, when the leading brokers
will make a settlement with the street.
Some, however, may not be able to
straighten out their affairs before to
morrow. Many reports are current
ou the streets in regard to large failures .
therefore, they should be received with
caution, as all indications point to a sat
isfactory settlement to-morrow. Yes
teeday the clearings of the Gold Ex
change Bank, presenting Wednesday's
business, amounted to $324,524,000, but
to-day's transactions must have largely
exceeded that amount. The Treasury
announcement is as follows:
New Fork, September 24, 1869.—NoncE.
—The Government reserves the .right to
'accept all bids made at 12 o'clock to-
morrow evening in excess of .four mill
ions for gold or bonds at discretion.
, direction ofthe Honorable, Secretary
of the Treasury. - •
[Signed) DII.NLEL BUTTERPIELD,
". Aesistant Treaeurer.
Gold was neglected during the after
noon. the price ranging' from' 133 to 135
until late in the day, when it fell to
11321 e, the closing price. There is a ru
mor that a foreign tetuking house sold
five millions today for the Goverment,
but it is officially contradicted. The
rates paid for carrying were 1.32 to / per
cent. during the morning and 3 per
cent in the afternoon, though some
loans were made flat since the above was
written.'
Gold .advanced to 133, at which it
closed. Failures and reports of failures
have produced unsettled feehng in the
money market, and. the. improvement
which followed the break in geld has not
since been maintained. The minimum
rate is 7 per cent. gold, and y,©
% is very generally paid for carrying
stocks. Foreign exchange was . deci
dedly better on the decline in gold.
,Prime bankers eter/ing pills at 734(§8,
witkinoriabusiness. •
. The panic intbld traeattencledikith a
decline An Goternizairiti;:iangiag„from
9i to 1% :per - centi- -AV the second call
(Continued on Third Page.)