Durango semi-weekly herald., 1901-05-06
NEWS FROM ALL
OVER THE WORLD.

diction made by Russell Sage that to-
morrow will be another BLACK Fri
day
Leading financiers and brokers say
that the prediction is another bear
trick-card played by the veteran finan-
cier. as the market has been going
against him on some small deals of
late and he wants to break even.
His loss through these small tran
sactions is but as a flea-bite compared
to the enormous winnings he is max
ing hourly through the increased value
of his holdings in Western Union, Mis-
souri, Pacific, Denver & Rio Grande
and other stocks.
Il is now evident that many believe
Russell Sages prediction may come
true, for there is feverish trading and
heavy selling on the stock exchange
this afternoon.
The shorts, who are evidently in
hopes that big drop will occur, are
making no efforts to cover.
LONDON, May 2.-Capel Court is
simply aghast at the activity shown
by Wall street during the last week.
This feeling was emphasized by
broker who is among those most anx-
ious to see closer dealings between
the two great English-speaking stock
exchanges. and whose views were
mentioned few weeks ago.
Il am afraid it is hopeless" he said,
the other day. for us to think of
keeping pace with Wall street or even
hitching on behind. There is no tell
ing whether it is merely lightning
express with smooth rails and clear
track ahead or volcano, cyclone or
earthquake. Whatever it be, it is
too rapid for us. too tremendous al
together. How ever they manage to
do the mere clerical work incidental to
such enormous transactions is more
than we understand but if there
should come another Cleveland mes
sage, for instance, as w. T. Stead de-
clared in an interview two days ago
is not at all unlikely, what sort of
Black Friday would follow?
"Of course he added, while there
does not appear any reasonable prob
ability of such another thunderbolt
from clear sky, still, there is nc
telling what may happen"
COLOGNE, May "A Pekin dis
patch this afternoon says terrific
battle was fought between the Chi
nese and Russians near Mukden, Man
churia.
The invaders were routed, having
lost a general, three other officers and
Sc men killed and wounded.
SILVERTON, Colo. May as. l.
Hallett. the representative of the Gug-
genheim Exploration company. this
morning took possession OF the Silver
Lake mines. for which two million
dollars were paid Mr.. and Mrs Stoi
ber last evening.
WASHINGTON, May 2.-According
G. 7srigadier General Bell, who has
just returned from the Philippines,
the subjugation of the natives of the
entire archipelago is now practically
completed.
q 1t will take some time. however, to
the sovereignty Of the United States
does not mean despotism, but instead
will give them more liberal form of
government than they ever dreamed
of.
Gneral Bell makes the remarkable
statement that nearly 20 per cent Of
the natives of the Llizon islands have
perished during the past two years in
consequence of the war and prevailing
fevers.
He says that not a man was killed
by bullet whose death was not the
result of legitimate warfare on the
part of Americans.
He believes that after the natives
have become imbued with American
ideas there are great possibilities for
their advancement in peaceful pur-
suits.
LONDON. May 2.-Englishnen III
high commercial circles view with
alarm the purchases of whole ocean
going fleets by ]. Pierpont Morgan.
In this they admit that they can see
the coming end of Englands CONNER
cial greatness.
If the American syndicates succeed
in securing few more fleets, then the
United States will control the worlds
shipping trade. and no other country
can compete with her in the markets
of the world.
America can make goods cheaper
than any other nation, and II she en-
ters into shipping on such scale as
her recent purchases would Indicate
it will not be long before all the ships
she will need will be constructed in
American yards, and this would mean
that the other ship-yards of the world
would have to go out of business or
move to the United States.
NEW YORK, May 2.-Ship owners
are undecided as to whether Pierpont
Morgan's purchase of the Leyland line
of steamers will hurt or help the ship
subsidy bill.
Some say the American commercial
navy will now grow without subsi-
dy, while others contend thatMorgan's
powerful influence will assist the sub
sidy bill. Under the present bill
Morgan would not be benefited. but a
r ,o,,, t,;1I ,,,ill ha nroposad