The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1900-05-31
STOCK MARKET is STRONG

NEW YORK MAY 2s.-The stock mar
ket shows great resisting qualities.
Strong efforts have been made to de-
press values. but success has been limit
Cd The chief result was to enlarge the
short interest and create a buying power
that was otherwise wanting. At present
neither investors nor the outside public
are taking an active part in the market;
but the real holders Of stocks max such
a display Of confidence that the long eN-
pected recessions in values do not ma
terialize. On the contrary. prives have
been surprisingly strong, considering the
various uncertainties and the changes
10 be faced within the next two or three
months.
The strongest bull factors at the NOM
ent are continued large railroad earnings,
easy money and the prospect Of an early
end of the Transvaal war While many
Americans have sympathIzed with the
Dutch. chiefly because they have 70, hit
valianty for a losing cause, yet as a ma
dion we were not only compelled to be
neutral by all legal precedent, but on
the merits Of the cause our judgment
Dutch Both Dutch and English have
fought for liberty as eac understood it.
But to the Dutch liberty was for the
Dutch only; while the English fought for
equal rights for all men and not for the
privileged few of a single nationality.
Under British domination the Dutch will
have the same right as the English; un-
der Dutch rule other nationalities had
been made desperate by the petty tyran-
ny of rulers whose Interior purpose was
the utter exclusion Of all foreigners, IL
possible. The issue may be clouded by
discussing the minor errors of both sides;
but on the larger view Of the question
which must control-that Of equal rights
for all men-there is but one side for Am
erisans to take, and that is the side Of
justice and equality before the law. AS
for Amerisan Interference we have no le-
gal standing there. 1t is purely an AZ
rican question; and even from the hu-
manitarinan point Of view it would be
supreme folly to shed more blood; for
Britain would never submit to America
Interference. Imagine our temper should
England have assumed to intervene on
bhalf of Spain during the late war; or
even TO support Aguinaldo at present
Besides it would be ungenerous Of Us
to forget so soon the attitude Of friend
ship which England preserved during the
Spanish war, and her refusal to join the
other great powers in a remonstrarce
against our interference in behalf Of
Cuba. Whatever criticisms we wish TO
make regarding British policy in South
Africa. il cannot be overl ooked that her
success stands for advancing civilization.
and the least we can do for our best
friend and our best customer IS TO con-
troll our emotions and maintain an atti-
tude Of friendly neutrality until this un-
fortunate struggle IS brought 70 a finish.
tainly have a stimulating effect by re-
lease OF the various forces which it has
checked The relief will be first felt in
tn money market. and easier money in
London will mean smaller gold exports
and easier rates here. The local outlook;
for monetary conditions is favorable.
Trade and Industrial requirements are
likely TO be less urgent than a year ago
and Secretary Gage seems disposed tc
TAX every legitimate opportunity Of pre-
vnting the locking up of funds in the
treasury until congress stops the accun
! ulation by reducing the war taxes
/ which now burdena nd irritate the pub
/ lie. The secretarys call for the redemp
tion of $25, 900, 900 two per cent bonds will
bring a corresponding amount of mono,
] out OF the treasury this fall when mos
needed for crop moving purposes.