Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1885-11-24
FINANCIAL AND COMMERCIAL
vrw yopY srocK MARKBf.

NEW YORK. November 2s.-The most
important break In stocks that mas occur
RID since the upward movement began TOOK
place 10. day. IL IL Important both on SC
count OF the heavy decline Of 2a4 per cent.
tor some OF the most active shares and be-
cause Is has come after one OF the most ~.
markabse advances ever made IN wall
street IN the ~ me length 81 time. tDnsefNh-
sisting upon extreme caution claiming that
the advance bad been 80 rapid as 10 snake
dealings extra hazardous. The cloud thrown
over the truuk-line negotiations on sstur-
day afternoon by the announcement that
the Baltimore aud OHIO had secured New
York connection by way OF staten island
had . depressing effect upon the market
10th here and In London. This morning
London quotations showed decline OF
securities and this fact further aided the
orenIng weakness The FIRST prices here
generally were y 10 - lower. The great
est wes knees was In Jersey Central Ant
Laekawanna and Reading. Tue early
dealings developed a persistent selling
movement, which came both rom those
who were seeking TO realize anu the
active pounding 10y the bears 70 IN
crease their shorts before midday Inc
most Of the active list sold X TO over lower
than At the opening. There was partial
recovery by IL O'Clock. but this was follow
cd by another downward movement tina.
continued nearly an hour. IL was eitherat
this time or during the morning break thst
the lowest prices % the day were made. the
declines CON pared with saturdays closing
amounting Ia A. in Lake SHORE; New YORK
Central and Jersey 0.rsl s each So ~, S so..c
Nail each ~; Union Pacific, a.; Louisville
ard Nashville. -; Reading. 2 Erie aud
Lackawanna each II. and the Others for
smaller amounts. except some low-priced
into prominence and suffered ma.
terislly In the reaction. The weak.
ness after midday was caused BY
the circulation OF a report 20 the effect that
an Injunction had been granted restraining
the New York Central nom carrying out
the proposed lease OF the. West shore aud
Nanderhilts, who were conspicuous for the
declines made. Later in the day nrmer
tone was impaired 10 the market aud ma
teral advances were made before O'Clock,
but confirmation OF rumers about the in
Junction against the New York Centrsi.
which WAS published later IN the day.
gave to the closing teYerish, I'M
settled, and generally weak tone. The
result OF the days operations Is the
net loss IN quotation OF between small
fractions and II per cent.-Lake shore
down 81, st. Paul l, New YORK central.
Erie, Union Pacific. Northern Pacific pre-
Mall. Missouri Pacinc-tiown llal; NJ.
h. and T. & higher. The Chicago pool
IN this stock IS said 20 be long 100 900. and
that an effort would be made to force the
POOL 10 llquidate. Richmond and panytlie
and Richmond and West Point Terminal
lose only sn all fractions. II Is said the bal
ance OF the oregon Irsnscontinen'al loan
hss been placed on very satisfactory terms.
sales OF 100 geo shares.
NOon.-StocKs active and heavy. Money
2a3 per cent. EXchange-Lcng, ASS. !;
short, 4e5l5. Governments dlul.
MISUNDERSTANDING ASA. Money, 4a2 :
per cent. Sub-Treasury balsnces-Ciod.
si7O22s. 600: currency. Sll,ll&OOO. Cow
eruments dull; per cents 1857: ger
cents. 1922. bid. State bonds quiet.