The times. [volume] (Richmond, Va.) 1890-1903, 1891-11-28
TERMINAL TOUCHES BOTTOM
The Preferred Breaks 10 The Lowest Price
Reached in Five Years.
A CLEVELAND PRESIDENTIAL RUKOR.
A Eeporf That lie Has Been Agreed Upon
for the Nominatiop-rhe Iron "srAe''
Metropolitan Matters.
Nrw York BUREAU RICHMOND TINES


Nov. u. 1891.
Wall street was assured to-day that tho
prospect that the affairs Of the Richmond
Terminal Company viii shortly be arranged
on a basis satisfactory to the security holders
are excellent.
All the same Richmond Terminal preferred
broke 10 4s. the lowest price toucned IN hVe
wears. but it recovered per cent. The de-
cline WAS on the sale Of several hun
dred shares generally understood to DO
rthe account # Field, Lindley. Weichers *
Co.. whose assignment forced the liquidation
OF their account.
THE IRON AARKTT.
The iron market continues dull, and the
policy of the consumers IN buying only Tor ini-
mediate use still prevails, except IN cases Whefe
purchases are made ID anticipation OF tuo
close of navigation. The product OF tuo
Thomas and Crane companies Is hrmly heiu,
especially for the higher grades Dh1 oenei
makers are accepting CONCESSIONS u ne mar
ket for steel rails shows an Improvements OF
ders for about 20 600 tons having peer piaceu
since Monday including 20.OiO tons 20 inc
Erie. Is 900 to the Norfolk and western tho
balance being 20 various buyers ia s1iel'e.
lots. Prices arc unchsnged-S3D per Ton "l
the mill.
INV YORK NOTES.
The net earnings for the third week OF No
vsrober in Norfolk and Western show de-
crease of 81 1874: Chesapeake and ONO. III
crease. SfOO,5. Louisville and Nashville
increase S35. 3s5. from July LIST. co23. 40.
Goodwin d Co.'S Old Judge cigarette
factory was on FIRE this morning, ana inc
darnsee amounting % about s5O,OUO was zone
10 the tobacco IN STOCK. ~ ,-.s
Commodore William RoDckendorh, tnted
States Navy. died this morning st the Grand
Hotel. He was born in Pennsylyanla' was
sppointed % the navy on February H. io5%'
and was attached at first TO the schooner
Experiment" He received his commission
rs lieutenant in June, lA3
CLEVELAND TOR PRESIDENT.
The rumor that the Democratic State com;
mittee has practically agreed upon Coionei
Daniel s Lamont as the successor TO herman
Oel,1chs III the Democratic National com
mitfee and that ne will be elected at the
meeting neXt Tuesday has created quite
rinnle of excitement in local political circles
IL was admitted on all sides that the selection
of Colonel Lamont as the representative OF
New ! ork in the Democratic state commit
tee would send Cleveland's stock up anal-
ingly. and would be a long step toward ms
nomination tor the presidency next year. ne
fact that Colonel Lamont has beeI selected
for the place has thrown pohtcai EossipS
clean out of their reckoning. one story told
is that shortly before Mr.. Cleveland and
Governor Hill appeared together on
the same platform in behalf Of
the Democratic State ticket a, con.
ference was held at Mr. Cookers house
In addition to the Iammany leader there
were present State Treasurer Daniorth, rep
resentinr Governor Hill and Colonel Lamont
on behalf of Mr.. Cleveland. 1t was agreed
that the war between the two state wings
would have to cease Croker said Tammsny
wanted harmony and victory and out Of this
conference grew a compromise under which
it wss agreed that Cleveland was 70 be noInl-
mated for President in 1892 and Governor
Hill in 1895.