Los Angeles herald., 1890-11-11

mond and West Point. 21a; Canada
Southern, 2, and the most active of the
list over per cent.
Governments, heavy.
Cause of Struther's Death.
The coroner decided that Struther's
death was caused by the bursting of
blood vessel in the brain.
A few minutes after Mr.. Struthers had
entered the exchange he was noticed to
be acting in singular manner. He
staggered up against one or two brokers
and suddenly fell forward on his face,
dying in few minutes. Struthers was
seriously ill two years ago, and had not
been himself 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.
Struthers was 5S years old, and leaves
wife and young daughter.
Characteristic Scenes.
Sharp to the minute of 1890, exactly
after the half-hour recess had expired,
the president again mounted the ros-
trum and made the official announce
ment of the unfortunate brokers' death.
He had hardly slipped down from the
platform before there was rush,
shout, and business was once more re-
sumed on the floor. This scene, as we'll
as that when the recess was announced,
was characteristic of the tremendous
excitement pervading the market today.
When Struther's death was first an
nounced, 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 max
ing up their accounts
Mr.. Wanamaker's Hand.
The Evening Posts financial article
says: The panic in the stock market
continued this morning in about the
same temper as on Friday and Saturday,
declines ranging from one to six points
in the first fifteen minutes business.
Some very astute people regarded 1t as
significant that Manhattan Elevated
and Western Union were important
factors in depressing all other prices.
Whether the reported holdings by Wan
amaker, who has a scheme for postal
telegraph in opposition to the Western
Union, have any connection with the
manipulation OF the Western Union,
which was quite apparent, was impossi-
BILE to say, but it looked as though it
had. Nevertheless, the panic received
fresh impetus from London this morn
ing. All stocks opened there d to "a
lower than they closed here Saturday.
Money was higher in London at noon,
and all the great banks appear to be
grabbing for the diminished supply of
gold, some of which has gone to Spain
and some to South America.
jay Gould on the Situation.
Jay Gould was asked this afternoon to
give his views in regard to the great fall
of prices in Wall street. Gould said:
'Of course, as any one can see by look
ing at the prices, there are very great
depressions, but there is no doubt the
market would have righted itself if the
trouble in London had not come up.
How much farther things will go l do
not know. l only know anyone who
has the courage to buy now, and the
patience to wait, will make money. So
far as know anything about the differ
ent properties, especially those that l
am interested in, they are
all right, and there is no
reason for the present low prices. l
suppose six months from now we shall
look back upon these prices, and COM
| pairing them with the prices then, will
say: How ridiculously low they were
History repeats itself. / have seen with
in the last few days very good evidence
of the amount of money going into
Wall street to buy stocks, principally
not on margin. but outright. This
amount is likely to increase, and when
it gets so that buyers are more numer-
Gus than sellers, the market will turn.
The railroads are all doing very well, a
large movement of freight now going on,
being carried at better rates, and all the
roads have better understanding with
each other than for many years"
The Market at Boston.
BosToN, Nov 10.-Stocks opened few
erish and in a demoraliZed condition,
the first prices being Ia to 11a lower
than Saturdays closing. Atchison was
off l1s.
At 1920 there was sharp rally.
Atchison rose Is to 2S7s. At 10 80 the
| market was very unsettled. Another
rally occurred shortly after.
The market practically followed New
York on active stocks. No failures are
reported here. Bell Telephone went off
from 220 to 213; Calumet declined 3,
but Quincy advanced to 80.
At 2:20 the market was more settled
and stronger, Atchison is up l; Union
Pacific, IL.
Chicago Does Not Respond.
CHICAGO, Nov. 10.-The markets on
the board of trade this morning did not
respond to the weakness in stocks in
New York and London. The sentiment
among the traders Mas to the effect that
prices for grain and provisions were low
enough for trading basis, and, conse-
quently resisted any further depression.
Weak Market in London
LONDON, Nov. 10.-Stocks were weak
today. At 1890 p. m. everything was
lower. Canadian Pacific was off IA st.
Paul, common, 3ls F.; New York Central,
23a others. smaller amounts.
At the close prices compared with
those ruling at ~ 80 p. M, showed an
advance OF 1s for consols for both money
and account; decline OF for Canadian
Pacific; y for st. Paul, common.
Alarm and Apprehension.
On the stock exchange today the feel
ing of alarm and apprehension as to the
results OF the coming settlement became
intense. American railroads were pan
icky. The depression was especially
marked in dealings in the street. On
cable advices reporting declines in
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