Daily press and Dakotaian. [volume] (Yankton, Dakota Territory [S.D.]) 1875-1880, 1879-11-21

COs@A"es0s =" Uisastfeus u oak IN
Prices--lntense Excitement, in Which
the Bulls aud Bears Participates.
New York, Nov. 2l.-On stock exchange
the selling movement, began few days ago,
eliminated in a break in prices this morn
ing Of to 20 per cent fall in prices, but
up to the present only one failure has been
reported. Edward Livermore, IS Broad
street, suspended this P. NJ, and notified the
exchange of his inability to meet his en-.
gagements. About the first call there was
sharp recovery of 10 per cent in Delaware
and Hudson, and the general list rallied
to 3 per cent. but this was succeeded by
another attack shortly after midday, and
quotations again toslA downward turn.
New York, Nov. 21-The greatest excite
ment prevailed in the stock exchange this
morniog, and at one time serious panic
seemed inevitable. The scene on the floor
at the exchange was most tumultuous, and
the rush to sell stocks was 30 great that
prices dropped three and four per cent. at
time, till before half an hour of business
had been over Delaware and Hudson had
declined 20 per cent, and the remainder Of
the list all the way between fourteen and
one per cent. The men who are credited
with this bear movement are Jay Gould,
Jas r. Keene, Russell Sage, and Addison
Commack, aided by outside speculators who
rushed in and let their stocks 60 at any price,
fearing lest general panic would result in
wiping their margins out entirely. Many
failures we're expected from this great
excitement.
New York, Nov. 21.-The panic of yes
terday which appeared in measure allayed
during the afternoon, gathered an extraor-
binary impetus this morning from the
pressure Of stocks held on country orders.
Frightened and demoralized spectators
sent orders to their brokers to sell out at
any price. Exchange opened in wild con.
fusion and excitement, and the consequence
was the whole list gave way during call
from l to "a per cent. The last Delaware
and Hudson. Coal stocks were pressed for
sale in great confusion. Delaware, Lack
wana and Western fell to n. Delaware
and Hudson broke from 80 to 564, but
recovered TO 6S; New Jersey Central
fell to 73. There was a
great collapse in Erie speculation. Prices
fell to 36s; preferred GA. Granger stocks
went down; Northwestern to $50 81. Paul
72; the Southwestern list was pressed for
sale; Kansas and Texas, q; Hannibal and
St. Joe. %; Iron Mountain, 44@42a; Wa.
bash, 81. Louis and Pacific 80. There was
general decline in prices OF Vanderbilt
stocks. Though they we're we'll maintained
there was another crash in fanc,es c. C..
& I. G. 164; Ohio, % Toward the middle
Of the day there was general strengthen
ing. many buyers being attracted BY rela
tive cheapness Of stocks. 1t was also re
ported in .peculative circles that leading
operators were buying, and that the broker.
of the respective pools were being supplied
with orders.
The decline on the stock marke
created great confusion inl the none,
market, and there was . continued calling
IN Of loans By money lenders, or Request
for more margin by banks and financial
Institutions. The confusion and declining
tendency of the market was greatly increas.
ed by the extraordinary amount of stock helt
ON stop orders by brokers who were franti,
with excitement in endeavoring to close ou
there customer ventures. And . viii,
and exciting day might remind one Q
Black Friday.
Between 2 and 3 o'clock the depression
continued. Fluctuations have been wild
and great jumps of 2 or 3 per cent. hav
occurred without exciting comment or sur
prise. Kansas and Northern common
Topped down to 81, and Iron Mountain
"a, and still no more failures were announe
ed.
Edward Livermore, who suspended thi
morning, has been member Of the boar
for many years, and his house has Away
been regarded safe one. 1t was explaine
at his Office that the cause of hi
failure was due to q combination .
circumstances likely at such tme-namt
ly. the general decline Of ten per cent. an
the indifference on the part of customers I
respond with ptoEptness on call. Liver
more is Q gentleman of wealth, but pre-
ferred to close his doors rather than suffe
greater loss. He regards his sus pension OF
~ as temporary, and will resume as SOC
as the furry 10 over. His representa-,
was unable to give 40 estimate of liabili,i
or assets. owing to the wild condition c
the market.
TELEcRAPHic eREvlTIES.
SALE OF RAILROAD STOCK.