Durango semi-weekly herald., 1903-07-06

/ AhtblN tiitA W Slittt Is
or discounting decline of prosperity
has so far found little basis of fact to
rest upon.
The true theory as to the slump In
values OF stocks appears to be that ai
/ vanced by 4 Chicago banker, as fol
lows: The promoters and reorganiz
ers have put out so many securities
that the country simply has not mon
| ey enough to absorb them even at a
reasonable estimate OF their value.
and would have nothing to do with
them at an inflated estimate. The
country is using its money for its
regular business operations, and
stocks simply had TO come down.
Some of them are now below their ac-
tual value.
Another and most striking evidence
OF the extraordinary consuming power
OF the people of the United States in
this period of business activity is
found in figures made public today
by the treasury bureau of statistics.
These figures show that while the ex-
portation of manufactures has increas-
ed only s2.000.O00 as compared with
the corresponding months of last year.
the importation of manufacturers ma
terials has increased $66 900, ,00G. as
compared with the same months of
1902 and $l31 100000 as compared
with the corresponding months of
1901. AS il is scarcely to be presumed
that the manufacturers of the country
are importing in excess OF their pres
ent or Immediately prospective re-
qurements. it would seem that the in
crease in manufactures which this
growing importation of materials indi-
Gates is being consumed at home.
since expectation of manufactures of
the year show no material increase
HANNA. Wyo., July Fire still
RACES in the Union Pacific coal mines
and it is impossible for any rescue
work to be done. One body was got
zen out this morning, but it is feared
that two hundred thirty corpses oil
those who lost their lives by the gas
explosion will be consumed by the
ire. The body of Deacon Jones was
brought out this morning.
OF the dead, 80 are Finlanders, 25
are negroes, II Italians ara ninety
of unknown nationality
The work of extending air shafts is
in progress and going ahead slowly.
Word was received here today that
generous sum was being collected in
he east Tor the destitute and home
ess families.
HANNA, Wyo., July 2.-The re-
mains of John Sarri and Deacon Jones
we're brought out of the ill-fated mine
lasl night. Many more bodies were
encountered and will be brought to
the surface when the debris is remov
ed from the slope. The official can
vass discloses 213 men in the mine
1t the time of the explosion. and not
2S0. as at first reported. OF these &c
we're rescued alive. and three bodies
nave been recovered There are 1854
'ictims still remaining in the wreck
'ge Two carloads of collins have ar
rived. The work of rescue has pro-
;eeded under dangerous conditions.
Gas is accommodating large quantities,
while fire RACES below the seventeenth
level
OYSTER BAY. July 2-Senator
Beveridge of Indiana, and Samuel
Hickey, an old college friend of the
president, were guests at Sycamore
Hill today
Clarence Mackey. president OF the
Pacific Cable company, telephoned he
could not come, as he is working to
have the cable to Manila ready Sat
urday. Wires will be run into Sec
retary Loeb's office, so that President.
Roosevelt and Governor Taft may ex-
change greetings.
BERLIN, July 2.-Dr. Hoffa, sur
geon specialist and tutor of the great
DR.. Lorenz. successfully performed an
operation on John Wolcott for disloca-
lion of hip. In six weeks the young
man will he entirely we'll, while Dr.
DR.. Lorenz said complete recovery
would take two years.
TOPEKA, Kan, July Typhoid
fever has broken ont in North Tope
ka as result of using water from
wells filed by the flood.
RALEY, shannon, Ireland. July q
rhe international automobile race for
he Bennett cup began under ideal
weather conditions this morning.
Half million spectators lined the
course.
r.. f. Edge, the present English
hampton. crossed the line first at ex-
tctly O'Clock. Within an hour the
others We're also off.
England is represented by Edge,
Iarrott and Stocks, America by Win
ton. Our, and Moers, Germany by De-
caters, keene and Genatsey, France
by Delinef, Farman and Gabriel.
Noes lost several seconds trying to
start with brakes tightly set. Win
tons carburretter broke, causing
forty-minute delay for him. Stocks
broke a wheel early and Jarrott's car
completely smashed both front wheels
trying to turn sharp corner. but he
escaped without being seriously hurt.
Dreaters barely avoided running into
the wreckage.
AT 10 O'Clock, with the race half
over. Genatsey, German. had four
minutes lead, with Dekneff, French.
second.
The others were scattered along the
course. Edge was practically out of
the race. Foxhall Keene. riding in
the French team, dropped behind and