New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-05-30
ALL EUROPE STARTLED.
French Papers Urge AHy to Seek
Terms of Peace.

Paris, May 29.-The magnitude of the Russian
naval disaster has fairly stunned French public
opinion. which had hoped that late advices
would show that Japan had also suffered some
share OF the losses. However dispatches show
ing that the japanese fleet escaped practically
unscathed from the encounter dispelled the hope
entertained that Admiral Rojestvensky, by sac
rihcing portion Of his fleet. had succeeded in
Gripping Vioe-Admiral Togos fleet to such an
extent that the Japanese would be placed in a
position OF inferiority. Therefore the disaster
is generally discussed by the officials. the public
and the press in a tone of depression the pre-
vailing view being that Russia will now be COM
PEELED 10 seek some means Of terminating the
war.
The Bourse first gave evidence Of strong
peace sentiment by the buoyancy Of the market
The leading journals. including the semi-offciai
Temps" urged peace. declaring that Russia
had played her last card The officials. however.
took a conservative view, maintaining that 1t
was TOO early to foresee the effect until Russias
side had been heard and fuller details
available.
Some quarters we're disposed TO consider the
presence of Secretary Hay as opportune, but
those best posted said that the Secretarys health
and the regimen which he is compelled to fol-
low by order OF his physicians would preclude
the possibility OF his taking active hand
even if q peace movement developed. More
over. France is on the eve Of a national demon
stration Of welcome TO King Alfonso, who VIII
arrive here on Tuesday, and this absorbs French
official attention owing to the Importance at
tAching to the Anglo -French-Sp Spanish under
standing in Morocco
Il was stated in diplomatic quarters tonight
that while the result of the battle would con-
tribute to eventual peace it did not give any i'm
st of ia
10 that end. 1t pointed out that the OBJ
stinacy Of the character of the Russians would
probably irnpel them to turn their hopes toward
General Lnevitch and to await the result Of an
other land battle 1t said that the land
situation would not be likely 10 permit Field
Marshal Oyama TO strike another decisive bloN
within Two weeks. thus prolonging Russia's
hopes on land and deferring her willingness to
ask for peace.
Berlin. May 29-NavaI critics in the evening
papers accept without reserve the dispatches
from Toxic, and build on them the view that the
war has entered upon the last phase, in which
the Japanese command Of the Sea viii continue
unthreatcned until the end. The battle Of Satur-
day IS called the greatest feet action since
Trafalgar. While the details are too few TO
enable the whole picture to be reconstructed
they aye sufficient TO make experts believe in a
decisive defeat Of the Russians and the probable
ity OF the final destruction or surrender of the
fugitive remnants of Rojestvensky's feet.
Work was almost suspended in the Navy De-
psrtment this morning when twenty copies Of
the Toxic official bulletin Of The Associated
Press wee distributed there. The officers and
bureau chiefs lef. their desks To talk over the
news with one another. Few congratulations
were made. except that part Of the Russian feet
seemingly got away and may possibly reach
GladivostcK. All the Russian fleet it is said
here, was not engaged in Corean waters. The
feet, il is understood at the Navy Department,
had divided, a part sailing eastward OF Japan
Definite japanese statements are accepted here
as being generally accurate
Although the tone on the Boerse was already
affected fayorably by peace hopes the official
news Of Togo's victory caused spontaneous,
though momentary. suspension of trading. Then
business became more active and prices general
ly were higher. Russian Fours fell 40 Of
point, 10 $50 and then gained 10. Russian
funds were held with extreme tenacity. mostly
By investors. who are determined 10 hold them
anti they rise when the war is over. The Rus
sian government bankers are also always watch
fC. IN Orce- 10 prevent tumble.
Vienna May 29.-Thc comments in the after
noon newspapers here to-day are exclusively to