Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-08-25

In the street the ticker talks more
loudly and eloquently than can any
financier or politician and the ticker
has told a story of something like a
dollars cut from the value Of
stocks within the past few weeks. Not
all Of this is paper loss" by any
means.Na thousands of operators who
have been forced to close out lines
that they had been carrying at from
ten to forty points below the prices
at which they were purchased can
testify. After every slump there have
numerous predictions hat the
trouble was over, but ZACH succeeding
decline has been worse han the one
before. and the Roosevelt panic" of
August has far outstripped the silent
panic" of March IN its SCATTERING of
prices. In spite of the tempting quo
tations which the stock sheets hold
before them. investors still decline to
scramble for bargains in railway
shares or industrials, The situation
has been described as a case Of
nerves" but Il more nearly resem-
bles nervous prostration SO FAR as the
leaders Of speculation are concerned.
The telegraphers' strike has served
to show New Workers. how rapidly
they have progressed in the matter Of
communication Ten years ago the
suspension Of Geographic %communica-
ton would have been Of vast incon-
venience to the city Al the present
time. even II the strike had been suc-
cessful to the point of stopping all
kilograms, the difficulty would nave
by no means insurmountable.
For many classes Of business the tele-
phone has almost supplanted the tel
egraph, and New York is better sup
piled with telephones than any other
city in the world, having twice as
many as London. When the strike be-
gan there was a rush TO the headquar-
of the telephone company To Sc
cure additional wires. II Vas found,
however. that at most Of the eN-
changes IL was impossible to make any
considerable extensions on account of
the fact hat there was not room Tor
the operators. Practically all the big
business houses having branches In
other cities now do their business oNer
the talking wire. New YORK does
Of its long-distance talking to
Philadelphia and next to hat comes
16O wires being required to
handle the through business between
the two cities. The fact that II Is
possible to talk from New York TO
any place in the country
two thousand miles leaves only
the Pacific coast and a few other
places tina are dependent upon the
telegraph for quick communication
with the metropolis
There Is good-sized representation
OF M nobility OF Europe IN h coun-
largest city. and the Jokes about
the barons who are serving as walt
ers and the counts who operate the
hurdy-gurdy. are by no
means all Pigments 81 The comic writ
ers' imaginations Even n self
made emperor. Jacques l., Of the Sa-
makes New York his residence
Almost every DAY some representatives
Of the titled gentry figure In the To-
news. There was an unusual crop
Of nobility stories on one day OF the
week. however. when the
newspapers contained reports Of the
marriage To a wealthy young mi
Of a duke who not only did not insist
upon 4 dot ~ millions. hut actually
his bride an ancient castle as a
wedding present. The failure IN busi-
ness Of a baron who l. the husband 81
a light opera star. the Incarceration Of
another baron for paWuinE MS
fiancee's diamonds and pocketing the
proceeds. and the announcement OF
for the approaching visit Of
Prince wilhelm u sweden A. Csuck
Conners. u the Bowery- expressed II
showing Prince Henry the sights