, 1890-11-11
DOWN GO THE PRICES.
Stock Markets Excited and
Lower Yesterday.
A Broker Drops Dead on the
New York Exchange.
Half an Hours Recess and
Business is Resumed.

AlnOht u EdulCs
New York, Nov. l0.-The stock mar
ket this morning showed the utmost de-
morullzation and followed the lead of
London figures. The opening prices
we're extremely low. The declines since
Saturday afternoon were the largest ever
seen over night and losses of fractional
amounts were exceptions. Drops of | to
81 covered nearly the whole active list.
There WAS more of a panicky feeling than
was noticed at any time during the pres
ent decline. Stocks we're brown over in
the most reckless manner. causing a most
feyerish aud unsettled market. but with
A steady decline In values. Even after
the heavy opening further declines Of l
to 4 per cent were scored. The most
prominent movement was the drop in
Manhattan, which after opening off 4 per
cent at &C, retired 4 per cent. farther to
go in the first few minutes trading.
Other noticeable losses were 8 per cent in
Western Union, q In Pullman and al
most all the active stocks fell material
Trading reached enormous
figures, but while the bottom seemed to
have dropped entirely out of the market,
LQtTC ChuC N mOtC uuiCb lCGlluk AOnuio
the end Of the hour. and some stocks act
ually recovered a portion of the early loss
The market, however. remained 10 an
extremely feverish and unsettled condI
ton, and at IL, while less active, il was
weak at or near the lowest prices for most
stocks.
After IL O'Clock the heavy pressure was
removed from the stock market to a GER
tain extent, but stocks continued to come
upon the market and prices continued to
decline. Changers, Wizards and New
England were the chief sufferers in tho
decline. The market displayed no recu-
p~erative power and at noon. when business
was arrested by the death by apoplexy of
James Struthers. a member on tie floor
Of the exchange, the market was active at
the lowest prices of the morning.
Mr.. S%truthers had entered a few min
utes before, and was noticed to be acting
in 4 very singular manner He stag
gered up sgainst one or two brokers and
suddenly fell forward on his face, dying
in a few minutes. Struthers was seriously
i'll two years ago. and has not been him
self since. His friends noticed. recently.
that he had not been looking well, and
the doctor said the excitement today was
undoubtedly too much for him. Struth-
en was So years old and leaves a wife and
young daughter. Sharp TO the minute OF
1880, exactly after the half hour recess
expired, the president again mounted the
rostrum and made the official announce
ment of the unfortunate brokers' death.
He had hardly stepped down from the
platform before there was a rush and a
shout. and business was once more re-
sumed on the floor. This scare, as well
"a that mhan thu racaaa Uaa announaa1
was characteristic of the tremendous ex-
element pervading the market today.
When the death was first announced the
brokers, without waiting to hear anything
about it, rushed of IN mad haste to make
the best use they could of the time.
Struthers' dead body lay on the floor
surrounded by brokers for some time.
Not a word was spoken, but the brokers,
with uncovered heads, waited fer the
officials to act. Business was at once sus-
pended, but on account OF the situation
Today thev could not close the exchange
and at 1890 business was resumed. Then
the decline was renewed with increasing
npidity.
The rush to sell after the recess caused
by the fatal incident caused the lowest
prices of the day, but with the exhaustion
of selling orders there appeared a number
OF brokers who had been heavy sellers in
the early dealings and turned and bought
heavily.
The Euening Posts financial articles
says: The panic in the stock market
continued this morning in about the
sme temper as that of Friday and Satur-
day. Declines ranged from one to six
points in the first fifteen minutes bust
ness. Some very astute people re-
garded it significant hat Manhattan ele.
Vated and Western Union were impor-
tant factors in depressing all other prices.
Whether the reported holdings of the
roads by Wanamaker. who has a scheme
for a postal telegraph in opposition to
the Western Union have any connection
with the manipulation of Western Union,
which was quite apparent, was impos-
slble say, but it looked as though it had.
Nevertheless, the panic received a fresh
impetus from London this morning. All
stocks opened there | to 1t lower than
the close here Saturday"
CHICAGO. Nov. I0.-The markets on