Omaha daily bee., 1890-11-11
AN EXCITING DAY ON CHANGE
The Decline of All Stocks Produces q De-
cidedly Panicky Feeling.
BROKER sTRoU THEIRS DROPS DEAD.
The Incident Scarcely Makes an Ing
preston on the Fiurricd Brok ers-
Effect of the News at Wash
ington and Elsewhere.

NEW YoRK, Nov. l0-ISpecial Telegram to
TnE BEE. The Evening Post in its hnan.
cal article says 'rhe panic in the stock
market was continued this morning in about
the same temper as ON Friday and Saturday,
declines ranging from | to points in tho
first 10 minutes OF business, the heaviest de-
clincs being Cleveland, Gin ciunati Chicago
and ST. Louis 6points; Manhattan O; West
crn Union b; Reading 8; New England 3
and all Others from TO 2lG points. BY somo
very astute people IL was regarded as very
significant that Manhattan Elevated opened
4 points lower and Western Union points
lower, aud that Western Union quickly
dropped points more and Manhattan |
point more, thus being important factors in
depressing all other prices, and that Reading
dropped points to 213t as one Of the effects
Whether the reported holdings Of Reading by
Mr.. Wanamaker W no has q scheme for pos
tai telegraph in opposition TO the Western
Union, have amy connection with the manip-
ulation of Western Union which was quite
apparent, was impossible to say butt looked
as though it had. Nevertheless the panic re-
ceived fresh impetus from London this MORN
ing in the first prices made in that market
before the opening of this All stocks opened
there Il to a lower than they closed here on
Saturday. Money was higher in London at
noon and all the great banks of Europe APP
pear TO be grabbing for the diminished sup
ply of gold some of which has gone to Spain
and South America
After II O'Clock the heavy press ure was re-
moved TO certain extent, but stocks con-
tinued to come upon the arket and prices
again took downward direction. The
Changers, tho Wizards and New Eug-
land, which were the chief sufferers in
the decline of the market displayed no recu-
perative power and at noon when business
was arrested by death by appoplexy on the
floor of the exchange of James Struthers one
OF the members, the market was active but
weak and generally at the lowest prices of the
morning.
Struther's dead body lay on the floor sur
rounded by the brokers for some time. On
the last and only other occasion when death
occurred on the exchange business was at
once suspended for the day, but on
account OF the situation today the officials
could not close the exchange and at 12:3O
business was resumed. The decline was re-
newed with increasing rapdity. Prices
again fell off with great rapidity but are now
somewhat better
Mr.. Struthers had entered a few minutes
before and was noticed to be acting in a siu-
gular manner. He staggered up against one
or two brokers and suddenly fell forward on
his face, dying in few minutes. Strutthers
was seriously ill two years ago and had not
been himself since. Friends noticed recently
That he had not been looking well and the
doctor said the excitement was undoubtedly
too much for him. Struthers was ffty-eight
years old and leaves wife and young
daughter. Sharp to the minute of 1880,
exactly after the half hour recess
had been announced, the president again
mounted the rostrum and made the official
announcement Of the unfortunate brokers'
death. He had hardly stepped DOWN from the
platform before there was a rush and shout
and business once more resumed on the floor.
This scene, as well as that when the recess
was announced, was characteristic of the tre-
mendous excitement pervadng the market
today. When the death was first announced
scores OF brokers without waiting to hear
anything about it, rushed off in mad haste to
make the best Use they could of the time in
making up their accounts.