The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-07-16
But Sufficient to Create q Semi-Panic on
the Stock Exchange and Reduce
the Price of Securities.
Investigation of the Pail Mall Gazette's
Reports Begun by the Committee.
The Failure of the Munster Bank Causes
Widespread Disturbance in Business
Cholera in Spain Does Not Abate.
THE AFGHAN PROBLEM.
Russian Advance on Zulfikar Pass-Effect on
the Stock Markets.

Russian Advance on Zulfikar Pass-Efect on
the Stock Markets.
LONDON, July 15.-The Times has received
special dispatch from Jagdorabaten, via Meshed,
July IL, which says it is rumored that the Rus
slams have advanced in force to Zul6kar Pass,
and that they are treating Persian territory as
though it were Russian. The dispatch also says
that the British frontier commission is moving
nearer to Herat. Reinforcements are arriving
at Askabad. The advance of the Russians has
made the Afghans anxious, but they are deter
mined to resolutely resent any attempt to seize
their territory. They are puzzled at these war
like preparations of the Russians, under cover
of pacific assurances. 1t is believed that Gen.
Alikhanoff, the commander of the Russian ad
vance, is determined to force on war; and that
he is deceivng the Czar in regard to his real
intention.
The downward tendency in the stock market
to-day, was accelerated by rumors that the gov
ernment had received news confirming the re-
port received by the Times of Russian advance
on Zulikar Pass. The news of this hostile dem
onstration on the part of the Russians, together
with Lord Randolph Churchilrs assertion in the
House of Commons, last evening, that England
would assist the Ameer if he asked for assist
ance, has created much excitement.
In the House of Commons, this evening,
Sir John Lubbock, Liberal, asked if the gov
ernment was informed that the Russians on the
Afghan frontier had made an advance. Lord
Randolph Churchill, Secretary of War for India,
replied that rumor had reached Colonel Ridge
way, of the British-Afghan Boundary Commis
sion, and had been by him transmitted to Lon
don, that the Russian forces near Zulifkar
had been increased, but to what extent was un-
known to the government. Colonel Ridgeway,
Lord Randolph said, moved the commission out
nearer Herat, whittier he sent Captains Yate
and Peacock.
A telegram from Teheran says: "a large num-
Der of Russian reinforcements have arrived at
Merv and Pul-i-khisti during the last fortnight.
Four regiments from Cabul, the capital of AT
ghanistan have reached Herat. Four other
regiments are on their way to Herat."
Effect of the News on the Stock Markets.
LONDON July 15.-The stock market opened
this morning firm, with an upward tendency.
Home securities were especially buoyant. A
rumor of Russian advances in Afghanistan,
however, quickly dropped prices. The market
was taken completely by surprise, and a semi
panic prevailed A vigorous selling movement
was begun. Russian securities fell 3 per cent,
and in Egyptian securities there was fall of 81.
American railway securities only continued to
advance, although even in these the last prices
not the best of the day. The sharp fall in
consols, amounting to 1916, indicates how seri-
ously the market regarded the news from
financial standpoint.
The Paris Bourse this morning was strong,
with advancing prices. In the afternoon how
ever, the market was affected by the report of
Russian advance on Zulfkar pass, and there
was rapid reaction in Rentes and Suez canal
shares, which at the close still showed down
ward tendency.