The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-09-21

market this afternoon was quiet and steady. in
markshie contrast &c the disturbed feeling which
prevailed all day But there had been such luis at
various times before in the storm Of liaudanon
whi,a swept the market. and whether the mai
G1'.t MARRIED eisarins wssiee, o. SIMPLY satne'iis
the greatest interest Wan street and upon which
opinions greatly varied
The volurue az the selling snd the scope II the
movement In the number Of stocks moved indicated
plainly enough scsrersl condition az
work 10 induce the selling Special conditions in
dividusi stock. srsrsysisd the weakhess but thcse
peculiar cRuses OUT, inadequate 20 explain the
general weakness Neither was IL very clear that any
new factors have beer introduced into the general
situation which have net beer in evidence for some
time pss.
So far as these general considerations are con-
cerned the violent 1iluidafion Of the dsy mu.t be
due to growth o. convirti1n i 70 the inevitable
effect OF these factors rather Than to any new status
These general conditions are the hardeuinE OF the
money market and the coal strike. and rather in the
background. the Chinese situation Those who found
nothing in the actual news sufficient % account for
the extreme weakness Of the market offered sup
position thst some development not vet generally
known In the Chinese tanglc had induced large
selling bv persons having advance information
Certainly is hard 70 account for such wholesale
selling as that Of today in market which has been
supposed 70 contain comparatively light speculative
commitments the ground o. fears Of future events
or sentimental ccnsds ratons No selling forced
By actual contraction " credits, although the rates
for money showed Continuance Of the rcoen; hard
eufng tendency The frrces toward depletion of New
York money reserves continue operative. the DAYS
ouiso Of cirrcnty o. the interior being large. The
relief on snbtrrssury operations IS also on dimn-
ishinz scale
The progress Of the STRIFE arouses keen apprehen-
sion of outbreaks n violence $40 extension Of the
trouble inta fields Rut actral occurrence Of
the day seemed 10 bring such Developments any
nearer than 0id the frs; sfcppage a mining The
letting 40 Of speculative holdings which have been
recently accumulated the conviction that the pro-
forged eullness ot the st * market, would he tetmi
mated by buying movement Influence in the
weakness and prcie st nal sho.: selling undoubtedly
played large rart we'll
The Tefisi weakness Of the steel stocks seemed %
show peculiar apprehension that the conference
wages and the effort 10 adjust prices would not
bring the industry "a a profitable basis Tennessee
Gael al fa,ently without any support snd was
nearly POINTS or ~ the lowest The stock rallied
2i- short covering. Pressed Sses, Car, American
Car preferred Steel and Win and Federal Steel pre-
ferred were down from TO 2ig In the railroad list
Missouri Pacific. Baltimore & Ohio and Reading
first preferred suffered most severely among the
tive stocks. losing points over at the extreme
low level.
Bonds yielded in sympathy with stocks. but the
selling not nything like as large scale. To-
days sales par value SliSSno
initial States Is aud IS declined !. In the bid
price
Money and Exchange.
Money on call, ihd2 per cent. last loan. lIs per
cent Prime mercantile paper. iisa5iz per cent
Sterling exchange easier with actual business in
pankers bills at 81 s65sai.s7 for demand and Of
siszi.sd4 sst for 1ixty di,s Posted rates. 81 5ses
4stis and " "a Commercial bills 81 s2isdss3
silver certificates g. .e6s%c. Bar silver 2ise.
Mexican dollars, ish
usA hArAs ties