Durango semi-weekly herald., 1907-03-18

ket went down still farther this morn
ing and semi-panic prevails. The
losses are something enormous. The
depression prevails today also in the
stock exchange OF London and the
Paris bourse. Amalgamated was ham
mered down today to nearly 80, 1t was
not long ago 125. The losses today
will run into millions and since the
slump started will reach $500, 1000, 900.
Railroad and copper stocks are suf-
fering the most at present.
| New York, Mar. 1.-THE stock mar
ket opened in a turmoil of excitement
| again today and after making momen-
| tary stands against weakness broke
| again quite generally. Individul
stocks were unloaded at rapid declines
indicating the continuance OF forced
liquidation. The stocks which opened
higher were swept to lower level with
general list. United States Steel was
liquldated in enormous volume.
The renewed slump in market nat
urally gave rise to further uneasiness
over consequences of continued melt
ing away of prices, and on other hand
Il was matter of satisfaction that
the Bank of England had refrained
from advancing its discount rate in
spite of continued fall in sterling ex
change rate at New York.
Advices from the interior also show
eG large Withdrawals of money from
New York to meet the local demands.
1t is reported interior banks are seal
ing credits extended to New York
stock market borrowers which had
bee.i outstanding on large scale for
many months.
New York, Mar. 14.-This afternoon
the market has all gone to pieces.
Wild selling in enormous blocks. Ev-
erything tumbled. Amalgamated drop
ped to so, Smelter fell $50 share.
Decentralization general. Market closed
lowest OF day. Oseola broke 20 points
North Butte is, Copper Range fell 911,
Utah ~. Market panicky.
Panama, Mar. 14.-All members OF
the congressional party, headed by
Speaker Cannon, expressed great sur
prise at work that has been done on
the Panama canal, The party visited
the famous Culebra cut.
Washington, Mar. 14.-President
Stickney of the Chicago Great West
ern, gave out another interview in
The state cannot regulate railroad
traffic within the state while the fed
eral government regulates interstate
buiness without utter confusion and
bad results. What is needed is to
confide in the general government the
whole power over railroads.
Goldfeld. Mar. 1.-THE long strike
here is ended and half the miners are
at work today. The stores are all
open and prospects are bright for a
long period of peace and prosperity.
New York, Mar. 14-Mrs. Sage, who
gave s10,000,000 to help the poor.
says today that the gift is only the be-
ginning. ''It is my purpose to help
the needy and afflicted wisely and
well and Mr.. Sage's millions will be
used for that purpose. The money
will be in the keeping of board
of trustees who will place it where it
will do most good" says Mrs. Sage.
There is nearly three hundred mil
lions to spend.
st. Petersburg, Mar. 1.-THE broth
er of the czar, the Grand Duke Mi
chael, has given 100000 for the relief
Of famine sufferers and has sold to
the peasants on their own terms 200,-
900 acres of his estates which will do
much to help the poor people in Orel
province.
Washington. Mar 14.-Refusal Of
the S32,000,000 educational fund estab-
lished by Rockefeller on the ground
that the dollars are tainted, hase been
proposed by Thos. w. Phillips, mil
lionaire and former congressman from
New Castle, Pa.
Mr.. Phillips proposes that persons
of ordinary means shall notify all
schools, colleges and churches that
they will not contribute a cent II any
of these institutions solicit or accept
any of Rockefeller's dollars.
THE history of the Standard Oil
company" he says, Constitutes the
darkest page of crime ever written in
the history OF this country or of the
world"
Yelisavetgrad, Russia, Mar. 14.-An
estate in this vicinity was attacked
by robbers yesterday who bound and
| decapitated the proprietor. Ave labor
ers and woman. There were two
witnesses to the slaughter, a soldier
who hid in a haystack and a child,
who lost their reason. The soldier
subsequently died in hospital In de-
lirium. The booty secured aggregated
81 900.
! Berlin, Mar. 14.-Upon New York