The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-08-08
THE BUSINESS OUTLOOK.
Failure OF the Moore Brothers Has
TIghtened the Money Market.

New York. Aug. T.-R. q. Dun & Co.'S
weekly review OF trade. which issues to-
morrow. Will say: The sensational coli
lapse OF the spectators at Chicago who
controlled the Diamond Match and New
York Biscuit stocks and had hOlsted them
70 fancy prices. with the consequent clos
Ing OF the Chicago stock exchange for a
period ye, indefinite. though followed by
remarkably few failures, brings a sudden
change IN monetary conditions throughout
the country. AZ least a month earlier
than had been expected. Chicago has
drawn heavily upon Illinois hank balances
and Withdrawals OF other Western funds
may naturally result. Europe was also
moved 20 sell American STOCKS rather free
~. so that the average or sixty OF the most
active railroad stocks fell about seIs per
share and the average OF trust stocks fell
about N.sS. The instant cooperation Of
the money interests with Chicago 70 re-
strict the disturbance deserved praise and
did much good. but Il il not possible 20
avoid some shock to public confidence, aad
a quick Tightening OF Eastern money mar
kets has already shut OF commercial loans
almost entirely. The collapse also in
creased the caution Of bankers and other
leaders regarding loans on securities OF
similar character.
IL II important that the increase OF mar-
chaaaise exports, 500. 900, or Il per cent
over last year. for the week, and the de-
crease OF imports. SO. 900, or ~ per cent.
stiil continues 10 limit the sum payable
abroad In i've weeks the increase OF sx-
ports has been 81. $4,000 or Is per cent.
and the decrease OF imports $4,000. or
Is per cent. which helps TO balance &C
counts
The movement OF wheat is again large.
Atalanric exports being l.71sso bushels
for the week. -four Included. against 49,
30 last year. and since July /. s.ssS 100
-fsx faT..
Conflicting crop reports are az numerous
and noisy as ever. but the more reliable
mark Up winter wheat at 3oo. 6o BUSH
els and the movement tends 20 sustain
such estimates. for since july ! Western
receipts have been u, *. BOO bushels
against a3oe. 90 last year. IL II not easy
to believe that with prices 70 cents lower
than a year ago farmers have marketed
from a smaller crop 70 per cent more
wheat
Corn Is also moving rapidly. with West
srn receipts 4.s7s.e coo bushels. against I.ssi,-
os last year.
Labor - more disturbes than usual. The
great strike % garment workers here has
much extended. the strike a. Cleveland
has broken out sEaln. and involves several
ether branches % labor the iron furnace
men ~ the Shenandoah valley resist a
reduction 30 ths wages Of May. $50. though
=
iron works throughout the country are
striving 20 cut down The cost in order 20
keep in operation; the Iron mines Of the
Gogehte range are stopping. the sgsper-
saen 81 the cotton mills mas become THre
general ard over 4aa 30 srtnAies are sad
10 be lala a. Fall River alone. ard prob
ahsv fsree-esghths - the entire pr0ta-as
caoaeftv n the country's rubber works
have mostly ssopp4a and a number q
~H4 t.r.f4 IA
working force AID their wages have been
refused.
IRE ron market grows less dernoraiizsi
q .c~s Fseeaase al the associates decided
"a maintain prices Tor this naoath, hus the
markets are rot stronger in volume %
,,rglers or purchases. Pressure - se3g. even
a. concessions. s. The prevailing Tuis. snf
vsrf-es are almost nominal Minor ustala
: =. generally weak bUt prices y coks ans
,-oqt "a he8s wEtaevs variation.
.,sr.argssufa Of production N eos,0ns
So ~ bring a stranger market. AID
fnur anosstso1s are reduced.
60 ef ssxhtzelgat Esooiens are tgaap-
regrtfnz. arss mainly u cheap grades. snd
+ seuae eases prices are sgain rHaucsf
sales OF $780, foS 10 week were z.T@ 80
r.Ssvnas zgaamzt &c 20 axt year and
8 - - "a fHz
- snres fer 80 week have hoen 80 IN
,ka RATED sfatae aRssnss 81 last yea~.
ana e Is casa8a. against ~ last year.
gr4ad4treet'~ Nevlew o. Trade.
Te~sfs+~w@s's t0EnoTruw viii Say: IN
r,ssrsv Al lines ~ trade he condition Il
tse,.f,.sr s~s ga some departments Kfzlezs
L. fa.s soath ard Southwest the heat mas
his an uafsVorasls Influence. Dat Y7ew-
chants IA al directions coafina~ u nnx
- sees4z enFy s. aits Il - too eartx Ter
faW trade % assume large pro.sssss.oaa
go Ss~srzhefton q clothing an8 ahoes a
ThtsaEo has Improved somewhat. A.
fhaux@ less srtsw~ than ore year ag1
AZ several csaterz bankers have p~n-
f4rress not - iaan - freely as heretofore
ue~cnanss nos wishing 20 ~ refused havs
accordingly ez4rxA1iea their requests for
assss~w rotation NeFcaEfgis co.leztfsus
are a,ow il some Instances. art rnoFs alsf8-
rssls % make. Renewed Scraflny % erred
rs haz Tad sn effect IN restricting the
sane.
re troa ard stsSi industries remain sx-