Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1885-02-03
EASTERN NEWS.
IT rH-Ssaara 70 rss ros7-rvFzr,rssSs,,.
stheaals 81 seaa >. cl.ro a .a..

sfheaaie sf 5saa 3. ci.co a sea.
NES foEK. FEB. 2.-The sensdale Of
SooH ) Cisco & Soa sboxs the debts
shc liabilities TO be 81 s57 900. nom mai
1sss1s SS-S54 .OGo, sad acIssI assets
F24s7.o0.
The sHa Not Afraid Of silver.
NV foEK. Feb. 2.-The crisis which
many Eastern journals and fusuciers
sseno dsisrlaiusd TO precipitate Sol-s M.
dist1rb the Safs's equzuinity. II SAYS
the banks nay csntinue a little while
longer 20 refuse silver, but as soon A
their customers begin to take 10 any
Considerable quantity of IL. they have
Sut to aecept Il she same as other money
~ else lose sheir business. II the
boarding Of gold shoald become cpl
csmics tie banks could not escape de-
mand tor Il any more than the Treasury
could Their note holders and their de
positors would make runs ON them and
their stock OF gold would soon melt
away. Ibis the more clear sighted of
their officers perceive. and they Will
DO all IN their power to avert il. Be
sades. whenever gold goes 20 a premium
that premium viii be 80 small as not
to be worth the loss Of interest incurred
IN waiting fer Il. Ii will be, as now in
France, merely nominal, for tue reason
that there viii BE 50 much gold for sale
as ts swamp the market. Therefore il
Is safe TO trust the interests Of the
banks not to precipItAte a silver crisis
Legislation on the subject would alarm
the public, and thus do more harm than
good.
The stark list.
NV YoRK. Feb. 2.-United States 81,
l0l5l; 4i<'s, Ii21s (; as, 12l@s; Pacific ass
l25, American Express 80, Canada Pa
cifio 365<. Canada Southern Z99t. Cen.
trail Pacific Ist. Burlington llSiS
Laekswanna 80. Denver & bio Graude 50,
Erie III, Hannibal 4 st. Joe 38j1. Kan
sas 4 Texas ID. Lake Shore 81 3 Louis
vile & Nashville 25@ Michigan Central
30, Northern PacInc l5z. Northern
Pacific preferred 63, Oregon Railway
and Navigation 63I1, Oregon Transcon.
tinentsi Il. Oregon Improvement 24l4,
Pacific Mali 80, Panama 81. Rock Is
land 1885,, 1t. Paul 7lss, Union Pacific
491z, United States Express 81, Wells
Fargo l0i. Western Union 59s[. Petro-
leum, firnsr at 6S9..
Money Market.
NEw York. Feb. Mooney easy at la
pei OThAs OAO'Cu A. RAhhhC RhpCEs r0
s.; exchange bills $4.S39< demand,
$4.S624.
The Danger OF the Elevated Roads.
New YoRK, Feb. 1.-THE Herald has
sensational article ON the danger
threatening the elevated roads from the
weakening of the iron supports and
girdeTs from capitalization of the iron.
II says that engineers and scientists are
making the subject study, and expert
ments during the past fosrteen months
substaniiAtes the theory that the BEST of
iron, when subjected 20 a continuous
strain, will loss its ibrous qualities and
show crystalline arrangement of mole |
culss and become as brittle az castings. |
All authorities agree that the enormous
strain to which the elevated track is
subjected will cause the iron 90 crystal. |
ize, aud the process cannot be detected |
by any Outward appearance. Theodore |
Cooper, the builder of the St. Louis |
bridge, says the I'D is being strained
Just twice as much as it was intended to
be. Other engineers express similar
opinions.
on wall street.
NV YORK, Feb. 2.-Governments
firm; coupon As sold at l2l1s; railways
generally steady, Erie new seconds be- |
ing heavy. Stocks we're active and
strong during the earlier part Of the |
day and under heavy buying for long
and short accounts there was an nd |
vance of a TO 21d per cent. TAe promi. |
neut features of Speculation were Lack |
awana, Western Union and Union Pa |
eide. Daring the afternoon Union Pa |
cific and Delaware il Hudson went of |
A Il
cent. Near the close Western Union de |
veloped marked strength and rose TO |
599l on large buying based on alleged |
improving business of the company. |
That started up interest once more aud |
full sales showed recovery of + to q |
per cent. Compared with Saturday,
closing prices are \ to 31s per cent high |
or, except Denver d Rio Graude and |
Erie, which are s to Z per cent lower |