The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-12-24

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have psnistentiy held shsir stccG and isSussd ne
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w suss on r III s e S ns s, .s
81 W: 4 eondisisa q stand Il nss oncs start
reckless Soidnsss. sSs fabric bsssn 70 esumSis ana
Ssa Y Ssr xs = MsSs s; ss e:
offered so 900 IN loans and broke Ne money rate.
which had jumped ! per cent day. sauiyaIent 70
hard pressed holders With the easing q he none,
rate the panic was checked and the proceedings r.
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important stocks lower than Tie low peies x
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speculative ccnapss y y EVIDENT the duration q
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Tie msshet. even On intimaticns that AZ military
movement was e psosr.ct MAILING large inrc.ds On
s sO ss, 4 sss Ss az sss.
feet. The consequent difficulties have kid world.
wide ssset. icrcins Up .tsg!ins sscssnss, and q:
taking gold nom all those centsn % meet the ne.
ccessities Of the coming annual settlements. Ths
nary commitments On account q shs arest indus.
trial co!nbinaticns has been thus cut on from the
s,pseted rsplsnshment BY sold inposts On scccunt
New York after the crop moving period has been
ry III Ssa a. aoun 10 ssS &: ssss:
factor was the continued absorption Of funds BY the
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a. psS os New Yo ssns house S sass
The large capitalization and hotatioe II hopes and
ns sss or, shsn ss <. ,.r va S
trust Of such hopes and prospects. which multiply
at periods Of difficulty and grow apAce With what
they feed on, the public IL By this time informed
by reason Of the weeks events. The difficulty last
week in Boston IN sustaining the market for copper
mining stocks was the initiatofy step. Very lsns
to that center and the whispers thus cAused besoy
spirit q distrust. The s,upsnsion q one Of the
numerous new trust companies which have been
organized in New York IN the part ysAY caused
another mass OF fean and possibilities q harm,
which spFead In q true panic manner The weeks
events have sufficiently proved the reality Of some
Of the difficulties which were apprehendsd. But II
Is not to be disguised that bitter anicsities and
social enrnities. have played large part IN the
innumerable currents coursinG beneath the surface
Thus some Of the most powerful money interests
IN the country conflict over the control Of the
public utilities in Greater New York, the gas war
being an incident Their mAneuven and counter
moves have stirred up the market like tho erapple
Of leyiathans in a pool Of water. Again the. en-
field IN the last few months have aroused criticism
and reprobation from conflicting inteross There 10
reason 70 believe there was willingness to utilize
the weeks events to exercise suasion upon the
trust companies to keep more strictly within their
field IL Is recognized that the liquidation
which has been largely effected during the week
had become essential and that the financial fabric
II. The conviction IL practically universal that
the completion Of the preparations for the annual
settlements will the passing Of the crisis Scnti
ment IA not unanimous to whether such prep
nration IS yet completed.
Bonds have suffered in sympathy with stocks but
declines have not been 80 violent for selling 30
large.
United States old n advanced a point, tho 81
and the %. new Is and in the bid price