Evening star. [volume] (Washington, D.C.) 1854-1972, 1890-11-10
A General Rush to Sell on the New
York Stock Exchange.
LOND0N'S NEW LORD MAYOR.
Medical Director BIoodgood Sand
bagged in Brooklyn.
DEATH ON THE STOCK EXCHANGE.
STOCKS TAKE A DROP.
A emt-Panicky Feeling on the Open
Ing Of the Exchange This Morning.

Ing OF the Exchange This Morning.
NEW YORK, Nov. l0.-At the opening Of the
stock exchange this morning there was a semi
panicky feeling. Arbitrage stocks were known
to be per cent of in London and offerings in
ST. Paul, Louisville and Nashville, Union
Pacific and Reading stocks were made in this
market upon tine London basis. Bids were
few and brokers with stop orders had few
disagreeable moments before tine market
steadied. Outside of arbitrage stocks prices
were made on stop orders In c. c. and st.
Louis, which closed at 6116 Saturday, the first
sale today was at 5915 and the price then
rapidly declined to IS; Western Union, which
closed at 7914, sold on about 500 shares to "a
As soon as the stop orders were out of the way
the market rallied. Western Union recovered
3ts per cent, G. G. and st. Louis recovered ~
Heading and Missouri Pacific per cent
An apprehensive feeling was shown, how
ever, by bids being made above the market
price ON buyer three stock. Traders tried to
make purchases buyer thirty, but without sue
cess. The declines from Saturdays closing to
the low prices of the first ten minutes today
were as follows: Atchison, IL; Union Pacific.
IA; ST. Paul, 2; Missouri Pacific, 2; Lacka-
wanna, 21z; New England, 8; {. b. and O., 3:
w. u, 81, and c. e. and ST. Louis, G. Lake
Shore. North American sugar trusts Wheeling
and Lake Erie and Chicago gas showed con-
siderable strength.
EVERY ONE WANTED TO SELL
Manhattan and preferred fell from 100 to 90.
Only at the opening was the excitement mani
Tested. but although the brokers continued ap-
parently calm, there was q determination al
most universal among them to close ont every
thing but the strongest accounts. The sales
were enormous III the first hour, but in that
time everything pressing seemed to have been
sold and the rest OF the selling appeared to be
only on small orders from commission houses
The traders made a rash effort to bid prices up
and they rallied some stocks about per cent
but when stocks began to come out they re-
tired. The market at Has was about 2 to 4
per cent below the opening. The sales in the
hrst two hours amounted to over 2l5, 900 shares
THE STRAIN TOO MUCH FOR HIM
NEW YORK, Nov. 10.-Mr. James B. Struthers,
ffty-eight years old, q specialist in Chicago
and eastern Illinois, was stricken with apoplexy
on the floor of the stock exchange at noon to-
day and business was suspended temporarily
His body was at once removed to his Office on
New street. Promptly at 1890 the stock ex-
change resumed business.
Struthers' dead body lay on the floor sur
rounded by the brokers for some time Not a
word was spoken, but the brokers with uncov-
cred heads waited for the officials to act They
had an unwelcome task to perform. On the
last and only other occasion when death en-
tered the exchange. business was at once sus-
pended the rest Of the day, but on account of
the situation today the officials could not close
the exchange and at 1890 business was re-
sumed.
THE RUSH TO SELL
after the recess, caused by the death of Mr..
Struthers, caused the lowest prices Of the day.
but with the exhaustion of the selling orders
which then appeared a number Of the brokers
who had been heavy sellers in the early deal
ings turned and bought heavily
A rally was soon under way and the market
was quiet with prices l to per cent below the
lowest of the day. Lackawanna made the
greatest recovery. The Vanderbilt stocks have
been frmer than the list and North
west and Lake Shore were well
held and did not sustain any material
decline. Coroner Levy decides that James
Struthers' death was caused by the bursting OF
a blood vessel in his brain. Money is in urgent
demand in the loan crowd and u per cent
premium in addition to legal interest is now
bid.