Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-08-05
CElCLG0'S FAILURE.
M, 10 Tho SlrIDs.Gcy Of Honey,
HT. Moore Says.
IT CANE WITHOUT WARNING.
Rat .lto VII Hr 80 pan.c-1hlss
VIII b S'riillirn d Gu, In q
sh5rl gms.

CHICAGO, Aug. 4-Mnuy Of the oa!.
daniing tradts In Diamond Match
,pi Sew YORK Biscuit, II l. expected,
can 10 closed mp by the brokers outside
ol the exchange before trading IL &C.
,pmoi on the floor. There were many
irouIrles for curb quotations on Match
and Biscuit, but nobody mnniistiui q
es,lre to trade until ma,,cu have becn
reduced to some definite plan.
The effects Of the banks holiitg
diamond Match loans were In lowiso
disturbed. They felt c9nnlcut tau,
syory,hiug would come ou1 oil right
and that nobody outside Of the Muofos
would bo seriously hurt.
uwhcfo do you nud the gionte5t
,touble, in tho Diamond Match 90 the
New York Btcuil?' MI Moore was
AtkCi.
"Oh, II worked both wayp, due Of
ssurrp 10 the tlfingercy OF money.
But yeu eau say thnt / 10 not thlHE
tbcfo will DO any panic. The st0rs
exchange being closed there viii be
limo for conservative action 20 preserve
values ana We will eventually come
cut all right"
Comment by callers In the A morl.
can Express building wherein are the
officers ni tue MOOfus ceniuted In the
tlrvainip, nothing was discussed hut
tho fsllufe. but every pcuon who
volunteered an expression, either 10 tho
elevator man or TO theiell0w passenger
,rsr certain the ho1rga could not be-
bnFmcd In the tqurozu-that they
would eventually DO on Top.
1--WE ntc "a long way iTCm being
financially dead, aud viii HjOn DO On
top ugain," said J. u. Moore In HE
tflco thiH noon, after having pagiicl.
rated IN n conference Of some duration
with his attorneys aud financial
friends.
Urhis affair was hard shock, but II
IL only temporary" continued the
round lawyer, while hs face wore u
smile, not forced affair, but Que that
showed bis aulfits were not dTooplng.
"Thcfo will be no 6iatomont OF the
situation iiturd by "a. l eau say that
with the stock exchange closed there
will bo an immediate resort 10 re-
sources Of which we have knowledge
and which arc accessible TO stfaighlen
matters out. The shock came from the
general B,fingoncy In the money
market, but We have every hope Of bo5n
getting things upon their n9Fmal
talsn
nYru hAvo arranged, then, for
mouoy from the banker" hlr Moore
was afkUd.
awe think we are perfectly taio In
saying lhat We win tide over tvofy
Trouble. 10 II but temporary aud wo
ATE long way from being financially
dead"
There was not n whisper In tho street
Yesterday that any trouble was i'm.
pending. Tho market for Diamond
Match behaved In manner 10 excite
little comment, In that thousands Of
hhatOs Of the stock were handled with.
10 fluctuations OF pginta. 10 opouCu
Of g.2, declined 10 22l, advanced 30
gl and closed at 10. J, lgbaT!
Moore nnd william Colleen, the con.
ldcntlhl man VI the M0Ores, were alb.
sent from thcit Office during tho day,
tul while this was known, tho reason
Tor thtir Observation-Disclosures % tide
over tho tfUuhlC-wua not Euhpt Ctou.
Calls for 100000 margins On Diamond
Match, which could mol DO raised, Pee
clrllatuu the failure. That Inv mar.
CLOS would not bo forthcoming WAS ALE
n0uuctd late In tho afternoon, uuu
then came the hnsiy call for meeting
o. the house " l., ID. Armour last
evening. At this meeting nearly
every bank In the city was represented,
together with the governing committee
VI TIC htook exchange.
II was supposed that Mr., Armour
had m early inEliug Of what was CONF