The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1885-11-24

INEW York. November 23.-Il am
The week opened feverish, irregu-
lar and very weak, the stock market
declines ranging between Is and 81
latter Jersey Central, but Reading and
LackaWanna were off ~ each and
others fractional amounts. During the
first hour the market was feYeTISh and
weak, with great declines from opening
figures in Pac fic Mail, which was only
x lower than at opening; but which
fell 2Jz; Lake Shore and ST. Paul each
declined ~. New York Central rs
Northern Pacific preferred IL, North
western 1sk and Union Pacific II. To-
wards IL the market became more steady
and in some cases port, n of the early
losses recovered. At IL the market was
active, irregular, but generally weak.
NEW YORK, November 23.-StOckS
have been less active during the
mast hour For time after IL, prices
we're strong, advanced . TO IS, with
gain of in Pacific Mail and New York
Central Later, they became weak and
most earlier gains lost. At IL market
active and heavy.
New YORK, November 23.-3 D.mz
After midday stocks became weaker,
with greater activity; about decline was
checked and small advances were made
but by the market was again weak.
After 2.30 pm. it became generally
strong and advanced = to = advance,
however. not maintained to close and
market closed excited, feYeriSh and
weak.
New YORK. November 23.-GoYern-
mentS dull and steady.
The most important break in stocks
that has occurred since the upward
movement begun last summer occurred
to-day. Some of the most active shares
fell q 4 per cent. The cloud thrown
over the TRUNK Line negotiations by
the announcement, late on Saturday,
that the Baltimore & Ohio had secured
a New York connection via Staten
Island, had a depressing effect, both
here and in England. The London
quotations published Just before the
opening showed g decline of nearly ?
per cent. in the leading American
securities. The first prices here were
generally 4 to IL lower than the
closing quotations of Saturday. The
greatest weakness was in Jersey
Central. LackaWanna and Reading
The early dealings developed persis-
tent selling movement, which came
both from those who were seeking to
realize profits already accrued, and the
pounding by the bears. The weakness
after midday was caused by the circu-
lation of q report to the effect that an
injunction had been granted. restrain |
ing the New York Central from carry /
ing out the proposed lease of the West /
Shore road and the Vanderbilts were 1
conspicuous for the declines made. The /
result Of the days operations is a net
loss, ranging for the active list between
small fractions and ~ per cent, with
Lake Shore down 25k, st. Paul y, New
York Central, Erie, Northern Pacific,
Northern Pacific preferred, and Pacific
Mail 19s, Louisville & Nashville IL,
Missouri Pacific l and others less than 1
per cent. Kansas & Texas, which led II
in the early break on Saturday, was l
conspicuous for its failure to follow Il
the course Of the general market to- H
day, and il closed at q net advance OF Il
Is. Denver & Rio Grande is up q per
cent Such stocks as Omaha common
and Oregon TranScOntinental shows
losses of only small fractions.