The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1885-11-24
Tone sftAs stock Market.

Nnw YoRK. Nov. 2S.-Government
bonds ou'l and steady. There was no
abatement ofsciivity in railway bouds,
but business was less widely distrib-
uted. Per the trst time in weeks pxst
prices are generally lower Toe most
important break In tho stock mar sst
hat mas occurred sinoe ths upsard
movsmsnt began Last su amer 90.
curred to-day " 10 Important, both
on account OF the hesvy decline for
some o. the most active, shares
nmoanung to To 4per ceat., and be-
cause IL has cJais sfser one OF the rn,st
Z msrkAole advances n 9uotaiioi q
ever made In Wall street IN the came
length OF time. The cloud thtoM n
ovsr tho trunk line negotia,io, 3
by the announcement lac Saturday
~ ernoon that the B.ltinurs 4 Ohio
hsd secured u New York con. ecuon
sy wsv of Staten Island, had q dspr. ss-
Ing nsct upon the market both h,r.
and IN London. This morning l. n
don quotations published here Iu.t
os'ore tho opening of the excssn "a
showed y decline OF yearly 2 per cyu'.
In The lenGing American secuyi,i =
Dealt In the foreign market. FIR 1
trhes mere were generally IRON u tu
IL per cent. lower than Ia
.hs closing quotations " Ssturin, :.
rue grsstest weakness was sxhibite1 I
IN Jsrsey Csstral, Lscknwanpa snr,
Reading. The early dealings dsvsl.
opea persistent ssll,ng tnovsrnent
which esme bnh from those VINO ~ere
setkisg 10 resliEs profits alregny nc
cruad, aud pounding by tho "besrs -
bsfore MIDDAY most CT the active ia,
SOD from n 10 over 2 per cent. lower
Than ~ the opening Tnere was, how ~
YER, n partial r0oovsry from 10 gsst
hsures by IL O'Clock, but this
va, followed by snWher downwarS
movement that continued for nearly
sn hour. IL was either At tnis time or
durtbg tho m0rni TX braak thas the
lowest rricos OF TIM dav were u,ad.;
the Hecliues, az compared with Satur.
days cioting, amounted Ia thu case a.
Lake Shore g. u per cent, Now York
Oeniral and J-,-ey Ceu,rsl enen 3M
No othern PsciRc pref. rrrd s. PAU d
Paeinc Msil, each 2ss, Union Psein
~, L,ni,vilIe q Nashville, 2X, .eA :
Ing, :. Erie Il Lsckawsnna each TX
and tho othera smaller amounts, ex
cept some OF Tho lowest priced isnc,. I
hat hnvo recently spfuug tutO prutsa
inepce, and that su ffereG tlatsrislty In
tho reaction. The weakness after the
midday was corrected oy the cirouj =.
tion ofa report to the tfYsct that M
iOjanction had been granted restreie
ms tbe Nsw York Central from 4-ry.
ioH out the proposed lease OF Jne We.
Shore read, and tho Van
oerbilts were conspicuous IL,
the declluts made. Later In
tho day \ hrMer toue was impartao
and ma erinl advances were estso-
l,ssed before 8 O'olt ok. Ths confirms
lion OF tho rumors sb iut au injuu0 io,
against tho New York Central, h w
ovsr, which WAS published lats In til,
iay gave to the olOains OF the mark 81
fsverish, nne-t.iea aud general,
sssk ,one. the result OF to day = op
erstions ~ q net ioss IN quotations
ranging for tho active lias h
tween Rmall fractions and IL
par cent, with Like shory drw
u, 81, Paul, ~, New York Osn
ral. nrie, Uniun Pao,fic, Nortnerr
psclfis pre'erred, aud Pc As Mail ls(
L ni-vllle d Nashville N, N,ssea, I.
Pscihc ], ard the others lesr than 1 psI
cent. Missouri, Kansas Il Texas
which led In ths eariy break on Bstur
day, wns copsoicaous for its fatlare /,
follow the course Of the general mar.
hot to-day. IL WAS " lower as lii,
opening, but very lew se'ra wtr,
made below opening aSulss, ans
IL closed at net advano,
W y per cent. Trauxsonti
Mental shows losses OF only smsl
frsctions. st. Paul was extrtmsly 90
tive, the sales anon II ting to l24 II
shares, during whiob 1, nsoke from 9Sl
n9S&, void later at PAX, aud sgsin a
wa, and during the last hour ga
su"nt staady st y litl 10 above 0i, clesipI
~ VIZ North estern only Il per or /,
lower. Lake Shore aold la the fore
noon fro4l S6L to AJ<, rallied to S5h
aud again brake 10 o21t IL was firme
In the last hour, selling no ~ S5II, bu
became very fSverish In the laa
dealings, and slsssd ut siss
with sSes Of 100 900 shares. The prrnr
est weNkness IN New York Contra
was slso developed In the afternoon
when IL sold a. l0i, but il later Shove,
decided strength, advasoing to 1927
and closing ut 103sS. he total reportt,
saies were 769 Sl5 sharos.
IL IL announced d that tho balance q
the Oregon Transcontinental lean ha
opeu placed ON very tatisfsctor,
terms. IL 10 UNDERSTOOD that coli ,ter 4
un~t binds bearing u moderate rate q
| interest have been hsusd aud sold
II ~ siso stated tnat Oregon Railway
| Navigation will pay Off The last Of u
h,t'i d1bt wish the proceeds OF $lGe
100 new 5's sold last week,