New-York tribune., 1901-12-24
WARTALK AFFECTS STOCKS
sorTH AMERICANS SLUMP ON THE LON
DON EXCHANGE.
BRISK FIGHTING IN SOUTH AFRICA
AMERICAN METHODS ON BRIT
ISE ROADS

Copyright. 1901: BY The Ncw-york Tribune)
IBT csBLE TRrsUNE.I
London Dec. "a, / a u1.-The Stock Exchange
ras excited yesterday by the talk of rupture
of diplomatic relations between Argentina and
cani. and declines of ~ to points were
marked az the opening in all the leading stocks
Of the two republics. This was but the begin
sing Of the slump. and before noon quotations
we're down to points under pressure of SELL
;us orders by panic stricken investors Big
houses interested in South American securities
are still hopeful, however, and. although they
recognize the gravity Of the situation, they are
uot hoodIng the market with stocks they are
a, the opinion that at the eleventh hour war
viii be avcrted by means of powerful outside
Intervention.
There was also a slight reaction in Kitchener
stock after the recent boom, but it occurred too
late IN the day 10 damp the enthusiasm of the
Yaf7r Circus. where everybody has been talking
peace for days past Lord Kitchener's two tele-
grams from Johannesburg show that the peace
party among the Beers is not in the ascendant
in South Africa just now. Brisk fighting
Cured in the Transvaal and the Orange River
Colony last week. and on Friday Colonel Da-
nant's column surprised and overwhelmed
by ". Botha at Maggiesdeel, in Orange River
Colony Darnant nlistook the Beers, who were
evidently attired in khaki, for of Hamil-
tons yeomanry, and he only discovered his er-
TOR when he them galloping toward the
gins He did his best to retrieve the situation,
but was dangerously wounded, and there were
forty-tive other casualties. Colonel Rimington,
VITO had previously lost touch with Damant,
then came OF the scene and dispersed the Beers
II ali directions. What became of the guns is
not clear from the official statement. and further
information on this point will be welcomed.
T. he T-rr7 al 8 I,n6H- Major Rride-
ford. while engaged in searching farms. was at
lacked g1ith determination by three hundred
Beers and forty armed natives, under Britt and
before assistance could be rendered a detach-
nent OF mounted infantry was overwhelmed.
The casualties are known TO be severe, but the
details are not yet at hand.
The Northeastern Railway is about to adopt
American electric signalling methods. The d.
rectors have placed an important order with the
Hall Signal Company. of New-York. for in
staIation on their main line near York. of the
Hall electric automatic track circuit block sig
Mailing Plant This system is quite unknown in
Great Britain
Mr Perks, NJ. P, chairman Of the District
Railway, denies a report that he will leave
London for New-York Immediately after Christ
mas TO confer with Mr.. Yerkes OF the question
says there will be no necessity for him 70 go to
America for the simple reason that Mr.. Yerkes
is expected in London in the course of few
weeks The eiectrifcation preliminaries pro-
eeedfng apace. An adaptation Of the Parsons
steam turbine, known as the Westinghouse
Parsons system, will be utilized to drive each
Of the dynanaos. and most of the machinery will
be made in Manchester.
Two more chidren's plays were produced with
success at West End theatres last night. At the
Avenue the immortal Gulliver figures as a hero
Of bit of a play on Gulliver's travels. as writ
ten by George Grossuith. which does not sert-
o1siy pretend TO be a dramatized version OF
svfft's masterpiece. At the Prince Of Wales's
adaptation Of Judge Parry's chtldren's book
'Katawampus,' described g musical play for
children Of all ages, had a very favorable re-
ception