The Universalist. [volume] (Chicago [Ill.]) 1884-1897, 1897-05-01

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unfavorable to the Greeks, and as re-
suit gloomy feeling is prevalent at
Athens. The reverses of the last few
days, say dispatches from the Hellenic
capital, have caused growing feeling
favorable to the cessation of hostililiee.
The British foreign Office believes that
Greece will give this pledge, as the dis
asters which have overtaken her have
demonstrated that Turkey still possess
es formidable fighting machine, fact
which must have SOLDERING effect upon
the popular demand for war at Athens.
1t is difficult from the tangle of con-
hicting kilograms to understand the ex-
act position of affairs.
Following the Greek defeat in Laris-
sa, London opinion today is almost
unanimous that the end is in sight, and
this view is probably shared by the
Powers. as they are already moving to
intervene.
1t is believed that intervention will
first take the form of a suggestion of
armistice, to which the combatants
would no doubt agree.
Since yesterday afternoon the British
foreign Office has been in close commu.
nication with the other members of the
European concert, Great Britain sug-
costing that the time has now arrived
for them to act.
The French, German and Italian gov
ernments have already responded, Of
fering to agree, though the German
government adds as condition that it
will be necessary to exact pledge from
Greece to obey the mandate of Europe
when this mandate is again given.
The rumor in Athens today that the
Greek warships we're preparing to make
a dash through the Dardanelles caused
much interest in military and naval
circles. 1t was pointed out that the
commandment of small ports on the AL.
bantam and Macedonian coasts does not
require powerful ironclads such as the
Psara, Hydra and Spetzai, and these
may try to run the gauntlet of the Turk
ish ships and forts in the Straits. II
only two Of them succeed in getting
through, the effect of their appearance
in the Bosporous would be incalcula.
BILE. 1t is certain that with their pres
emit armament the Turkish warships
would be powerless against them.
THE war between Greece and Turkey
is struggle between two bankrupt ma
tions. Turkey is confessedly bankrupt,
and although Greece has not yet made
an assignment for the benefit of it's cred
itors, such as was made by the Ottoman
Empire sixteen years ago, it has been on
the verge for years, and the debt in
Cured by the present war will probably
force it into the hands of receiver.
GENERAL MILES takes a professional
interest in the Greco Turkish war, and
feels natural desire to see it. He has,
therefore, asked permission to go to it as
a military observer on the part of the
United States, and. if he does so, will
probably be able to pick up some points
Of practical value to our own army.
CHARLES w. SPALDING, President of
the Globe Savings Bank and Treasurer
of the University of Illinois Board of
Trustees. was placed in Jail last week
on the order of Judge Dunno, of the
Circuit Court, who was dissatisfied with
the bond given by Spalding when he
was arrested a few days ago on the
charge of embezzlement preferred by
the University alumni. Spalding was
unable to find new bondsmen, and was
placed in Jail. The formal order of the
court was that Spalding be held to the
Grand Jury in the sum of $4,000. The
Grand jury is now considering the case.
In the Chicago market wheat was as
weak Monday as it had been strong
Saturday, losing cents at the very
opening and making practically no re-
covery. The day developed one thing.
that the Liverpool strength of last week
had been on war demand rather than
on any new consumptive demand. This
discovery was especially discouraging to
the local trade. The consideration the
world over yesterday was the news that
the Powers would intervene to bring the
Graeco-Turkish war to an end. 1t pre-
cipitated a break at Liverpool long
before this market opened-a break
there as severe as the one here. There
were some other important bear infiu-
ences, secondary in comparison with the
peace prospect. but important for all
that. There was marked improve
ment in the weather conditions in the
Northwest.
On the curb puts on July wheat sold
at 714c and at INC. and closed at IL
&c; calls 751sc and at 747sc and closed
at 751sc. Puts on May corn sold 251ac
and at 253s@251Sc. and closed at 251sc;
calls at 245sc and at 255s@254c, and
closed at 255s@254c.
COpN Lost cant and clOaad with