The Seattle Star Newspaper, December 20, 1899, Page 1

Cents a Month By Mail or Carrier 2 VoL. 1. LOCAL FINANCIERS ARE NOT UNEASY They Say the Eastern Financial Flurry, Will Not Affect Seattle. ‘The present furry in the Eastern money market has caused more or less excitement throughout the country. There is much Interest manifested concerning tho possible effects in Seattle Coming as suddenly as it did, in the midst of promperity, the news Of this recent speculative Murry was a gr who had not followed the situation « y To the financier, however, who has kept in touch with Kast ern developments, it was no more than what was expected i times, like the present, always Induce reckless specula tion, and the reaction follows surely This sometimes affects all lines of business, In the case, however, the indications are that the only ones who fer are the The f financiers, Jacob Furth, presi said I think the reason for the disturbance in the money market in solely one speculation in Industrials, This has been plainly not “ the past five or siz months, Rates of tn terest on the New York Stock Exchange have been from two to three per cent, higher than those on which commercial paper or real estate loans have be ‘This’ Eastern flurry does not surprise anyone who has given thought {o the matter of the format! of various trusta on 4@ basis far beyond the val of the property Involved. While @ great ¢ f the trust# have been formed on a legitimate bas opinion that a far greater number bave ben organt imp the interpst of their promoters “] believe that, in th of a fhw days, the flurry will be over and the trusts that hay rmed on the basis of an over-valuation will, of ne to the wall.” Herman Chapin, pres the Boston National said ‘This furry is a remarkable thing, coming as it does in the midst of the p perity of which It ls @ result. Money has become scarce In the East on account of the great demand for it in in vestments. I do not look fe ondition to last long, unless we should get Into complications withe some other country.” E. O. Graves, president of the Washington National Rank “Over apeculation in these fiush times and the consequent absorption of capital in fifty so-called industrial stocks, are the main causes of the present trouble In Wall street. Btocks have been issued, which the promoters were unable to float. and on which they have been unable to secure advances from the banks when tight times come think yesterday #aw the worst of the flurry and In «a 4 time the market should settle down to its normal condition James D. Hoge, jr, president of the First N a) Bank “The New York money market have suffered from heavy Grains for new apeculative enterprises. These have oceurred with Out enough security behind them to warrant the leans. They Were the result of good times. The collapse occurred when a little Pinch came and the Wall street brokers were not able to foat bonds of iseue stock to sustain ali of thetr schemes. As a conne- quence the speculative market {# disturbed. In my Judgment le- gitimate enterprises will not suffer. The effects of the present furry should not be felt in Seattle unless entirely unlooked for complications oceur.” N. H. Latimer, manager of the Company “There are, as in always the © the present condition of affairs in W causes contributes to assi Of industrial stocks ts the pest twelve or fifteen months the pron Sued larce blocks of stock at prices far beyond their real a0 The present trouble ts merely a bexinning of what ts to come. It Will, In my opinion, apply only to industrial and not lemitimate transactions. The trouble was promoted by the Transvaal war which tightened London money and made a heavy call on New York.” at surprise to many present will wut eral of Seattle's beat known we with staten jent of the Puget Sound National Pank ade. Bank, SOCEEE SEES EEE SG EEE EES EEE EEE EEE EEE EES Dexter Horton Banking @ number of causes for treet. Each of these ure. Inffation of prices thie flurry For th ters of trusts ha SEPP R EEE EERE REE EEE ESE EEE SESE REE REESE RRR ER EEE REE SHOES SEES REESE EEE EE EEE EES N.P.ANNCUNCES WILL SPORTS — HIGHER RATES) STAND THIS? ‘The West is to feel the higher; And now the talk starts of the All ry 1, &* Seattle football team securing a guarantee to get Stanford up here Time was when Seattice had a team that could do this with credit to the ony The present All Seattle ganization has done nothin : » warrant such a pr ding. t Washington team has the b: it is, in no sense am. It ts simply a of star players, many of whose care- ows habits have put well as the Eas tions of the country G Pacific is the first of the transcon tinental lines entering this announce the increased commodity rates. The raise is from ten to twenty five per cent. It affects local rates Detween jobbing centers and outs buyers. The rates from St. Pau the coast are unaffected b: th changes. The list of commodities in cludes almost everything Mill machinery to winde from potate Several it heavier advance but others wil 0 per cent. rais This rate will be Similar ones from the other foads, It means course, an vance In prices these art Both jobbers and buyers will the ra: NEW LUMBER PRICES. «' e club t, met by exactly od to help! . athletica among coal institutions amat At the informal business me Of the tumbermen ye Noon, about 15 of the mills on the 4 from the war @ ent asking for conte ’ the relief of the four children o Charies and @ committer to Of prices to be ados ary meeting Certain grades and cedar lumber will undor be advanced in prices. DAILY PAPER AT CAPE NOME. Nome City is to have per. It will be set up Machine and printed press. The new plant , Up and managed by H.C. F [Tee e Le Ssee eee Pee s.teraiaer| ARE TO DRILL 4 ‘4 Californs tributions H. C. Corbin, al's office, Wa on, WOR ean be SOCCOCCOCOESOSESOOOOOE Fairbanks, of Indiana duced a bill in the senate to the widow of e rate of $100 intro Paper established at No there is a seven more BOXING AT TACOMA. Military drill has been revived at 90 the university Tacoma is interested in a boxing! 4, J, Gould, who graduatad from contest between Prof. Reed and Tom | the institution in '%, has been ap Costello, both of that city. Co pointed commandant. Mr. Gould seeks to regain the mt 1s nenior captain in the battalion when he ran J Burley | at the time tion. He in this cit 1} ndmir-| has alwa interest A NEW INDUSTRY IN THIS STATE DAVE RT, Wash., Dec 0, f|Amony the resources of the Big nd country ia one to which but lit ere, wh him. A the arrest of John Trigg, who ar ringleaders of a gang have beon pestering th " Issaquah while holding religious ser- | ie vices, THE SEATTLE, | the attention has been given so far. My red . SHAT TLE DAY WASHINGTON, WEDN EVENING, DECEMBER 20, MASS MEETING OF CITIZENS CALLED TO COMBAT THE NORTHERN PACIFIC'S WATER-FRONT SCHEME The citteene’ committee, appointed some time ago to look into the matter of the advisability of oe granting the Northern Pacific permission to close certain streets on the water-front, announces that @ & grand mass meeting will be held in Armory hall next Tuesday evening, to bring the matter before @ the pw ° The o SOHSSSSSSSOSSO SO SOSOOD What Will Happen if the NP. Grabs the Water-Front. speakers have not yet been selected, but will be named by the committes tomorrow a ° ° ° ° ° ° SPHSSHSSSOSHSSOSSHSHSHE SOO OOOO OOD TROPPO COSC CoCo CCC oC Cee FATHER NEPTUNE: “Well, I'll be washed if they haven't gone and barred| jout me and all of my ships.” (He starts forthwith for Everett.) | This i# the production of onion seed | | Samuel Griswold, fving 10 intles north of Davenport, owns « large | T | tract of land, and for the past three | | years has devoted a few acres tol ‘ Having Been a Target for Sharpshoot- | The firet experiment was on three | fat that we-tee teerensud the were: ers for Some Time Before He Was Finally Hit. | | ber of acres each year till ¢ he has just ted. The fight was a intended to clear the ict, and to gorrison. Law target for shary MANILA, Dec. 20—The death of} fimally gran’ jen. I m has cast a gloom over!) #mall affair Monday | San Mateo ~ lish @ pe dered the pro-| in) mf ment ageinet San Mateo! srocters » hit. His a seek cover ed. which wae fin-| was shot through the fight was a email | bending over a wounded aide name 1 to clear the San! Deckenridge. The officers say that Lawton at| Lawton before the fight aajd he nev begging for’ er felt better tn his life The body which Was waa brought here Tuesday m ng. estab. can colony here. bf e he was 1 him te ALONG THE WHARVES : The steam collier Miam! arrived this morning from San Francis She carried only balla freight at San Francis cleaned up APOSTOFFICE AT = THE EXPOSITION The steamship oka leaves to w for Lyn ecient”) POLITIGAL TREATING SHAMOKIN The at 7 WASHINGTON, D. C., Dec, 2 \MOVEMENT OF MAILS |": = P'*\1t has been decided to have as the|* | exhibit of the postoffice depart | at the Paris exporit by three years hae ty ireat Northern westbouna| Pur Guee cannot tetve with | Model postoffice, showing rain No. 3, due to arrive|) nn wh al by etaattn with} vanced Amer 10:39 last night, was stared s ody’ oe ‘| ting the matin Mackfoot Mont my a "| fund avaiiab! a tra technical n{of th xhtte ad When a lending deale |to furni#h the 4, and the project prom a perfect success in every it many young men o| other organizations was | Sah ich arrives ‘hin morning. The Pendleton Fire Department ed trains and matis are expect | PENDLETON, Or., Dec. 20.—Pen ed to arrive in Seattle on the regu-|aieton is to b nd new fire lule time, but twenty-four] department unkards out of camp Invites Join in the ines to particular BOXING PARSON IS CENSURED yl With | STAR. cite iso # Liaison Wal Pa. make room for new stock, STAR PAINT CO., 300 Pike Street, SOOSSS SOSH SS SOSH OHOSHOOOOOD a In the way he should go. Give him an tron train or a steam en- *, & wtearmboat or other mechanical toy and he learns in ~ Five Minutes “> Than books, would teach him in aw ] @ Five Years We'are in the Toy Business, We have been in it for nine years, and he to be for nine more, We know it thoroughly, We have « splendid variety Rightly Priced WE DELIVER PROMPTLY 1417 Second Ave, COON BROS Z OOOO SS OOSHSH SOS OS SOOO OOD OOO OO OD a BRUNNER & CO. Groceries, Wines and Liquors 602 Pike Street, corner Fifth, ‘Phone Green 794. Cecccwcee OOOO OOO OOC OOO On hand a fine line of whiskies in bulk and bottles as fol- ‘ows: Monogram Rye, Canadian Club, Oscar epee Burke’s Irish, Burke's Scotch. McBrayer Bottled in nd, etc., etc. Hennessy and Martel Brandies, French Cordials and Imported Gin. Ai Welcome Ghristmas Gift Appreciated for years is a pair of Gold Rimmed Glasses ora fine opera glass. We have the largest — in wi ~ 9 We h thing in ity, style and price. “Nh. CLAY EVERSOLE, 720 First Avenue Purses... In the latest designs are often acceptable as Xmas remembrances. We e have a complete ’ line that cannot fail to sust you. CHRISTMAS G@&® Spectacles and Eyeglasses a CHAS. OC. HOLCOMB, Opti. “, ( Bia Christmas Is Close at Hand And here we are with Ladies’ and Gent's Watches from $2.50 ups Diamond Rings, from $5 up; Ladies’ Guard Chains from $2 up; Stick ' from $1 up; Vaseline Jars from2éc up; Glasses from #4 up; Umbrellas from TSe up, Gents’ Vest Chains from $2 up; Children's rings from up: Ladies’ Rings from 82 up. One of the largest lines of sil- ver and sny Brushes, Combs and Mirrors in the West. Silver nov- cities from 2c up. Can please you fp anything in the jewelry line. We of FE. Howard & Co, Watches left at about one-half their ac- W. W. HOUGHTON, 704 First Avenue Jeweler have a few « tual value SE People Who Don’t Care to Waste ‘ Their Money Usually Trade at Frederick & Co,’s JEWELRY ESTABLISHMENT Where the most liberal inducements FREDERICK & CO. to buyers for the coming holidays are offered JEWELERS 715 ond Awe. Rinckley Bulldi pas tk al = “a = Diamond # Jewelry : -y hours lat | the tlom of the de 4 The “Pacific fa t esi ON nereage in the DETROIT The bod 33 late a arrive at ) o'c fr # to report to! Rev. J Axte na * x a ‘ re took. | A Rodding h Bad joa stich ¢ Snoe} 1a $3 Diamond Frogs Diamond Butterflies 9% | peel agen gp ag | Fn aig he Diamond Turtles Diamond Lizards <9 huttes LAWTON NOT | decrease of many thou of dol-| gloves, will pre Diamond Spiders Diamond Dragon Flies $$ izare lig tothe sed ropneoided werk | OTE Stee ceri ehurih: Diamond Stars Diamond Sunbeams ge rage THE ONLY ONE) ee very much shocked at his behaviour, $$ Diamond Hearts Diamond Pendants ae unhe o o r. and few of them side with him ° “ . wat We CHARLE C., Dec. 20.—A cays he. hae bhen tandéred a ail oo In Scarf Pins, Brooches, Pendants 3e enda : . * t. | Warren, but will dectine in deference | O® 'e Pend MANILA, Dec, 2.—Fesiden Gen, | daring expre ¥ was commit. | W Sige ower nn oo te Lawton, 20 Americana were kitted | tne a chia WAN GecuiOa CLINE uber saye it was a put-up| O® 3 an 1 wounded in the Ban Mateo bat fr wo expre ss messengera in & goo by the - en keeps xt to ari 4 te ee” 33 2 t thousand dollars in another | Dondero, the preacher's antagonist, | © ° , A COLLISION IN safe wan overlooked by the outlaw, | dentes, 133 3 who a omplished his work withou as lee ee any ald, The robber took p | e THE MEDITERRANEAN | 2: isncrsing #20 Son tie south RUMOR OF A BIC iss ANSEN PS¢ ern rallway ’ lee oe Italian ste od lided ee é e — terday t BOSTON, Mass, Dec, 20.—There is|O@ f SS i ith ee eh Oe ged ising packers, have secured the J, P. > LIMA, ©., Dee 0, A erdic fe Meux abandoned their Z verdict fOr! that the interests of the tv lee } 24 EN Vv landed her today $18.000 was returned against N , | Hehments are to bi nO! oe te : Michael and Gus Kalb, vice prest-| 0 eta Ges bo vo PS4 Lyts Trial On. Notiotal Genk: today tn ihe euit] world give ttre aoepolidated concerns | SOO? © 0000000000005 008 000% . ' r f dir re ‘of p t } ¢ tire por SESSSSHSSESSOOOOOOOSD SOSH SHSH OSES OO OOS Oy BEVPRETT, Wash, De 0.~Th t by the board directo’ control of pra ally, the wat p k f ts wa 1. bank was mysteriously robbed | packing Interests of Ne negland : ; ‘ as . : se the ae ‘eet c "t me ‘ ote be bs € Squ re plant Was establlehed by | O&@eAWRe@e0000000000000000000000008 pl f ban impanciing a/ ing found set and running, but the] the sentor J. P, Squ n April 1842 jur ault doors were n the | Tt has grown to immense ortions ve. | Preaching an annual bu ora | tween $15,000,000 amd $18,¢ MUS hold a Ay nt of a con é beth to select from. We cater those who nieht an 1 that Meare tre 219 Pike Street vant their homes beautified. ntioth | 1 off Im poet bi bit © suit was brought) tinue in the management Between Socond Third Aves, ™ ‘We cai # expect \om the ground of negligence, ieee | AAD WAR DEVEU00909 9008 es beau