New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-10-12
STUBBORN BATTLE
CLOSE TO SCUTAR|
continued from first page.

the powers. That crucial fact is as
plain as pikestaff.
Count Berchtold emphasizes Austria's
national interests in the Near East and
mis- resolve to protect them at all
costs, and such announcement at this
particular moment is a diplomats
ougle note Of warning to all whom 1t
may concern.
The situation has been gravely COM
piicated. moreover, by the announce
ment that serious hitch Is reported IN
the peace negotiations between Italy
and Turkey. The first italian squad
ron, commanded by Admiral Viale, at
present in Italian waters, has received
| orders to hold itself in readiness to
leave for the H2gean. The view taken
in certain Italian circles that the con-
clusion of peace at the present con-
| juncture Of affairs would be some sort
OF blow dealt at the Balkan Christians
has had no influence In bringing about
the present negative result The Turks
demanded a viceroy In Tripoli, where
as Italy would only agree to accept a
| consul
1t is reported from Vienna that sew
| enty Servian villages Of the sanJak OF
| Novipazar have risen against the
Turks, who took swift reprisals to sup
press the rising by the public death OF
all who took part in 1t. The priests,
who were regarded as the ringleaders
in the rising. were sought out and,
wherever found, killed.
On the Stock Exchange yesterday
there was something like demoraliza-
ton. At the commencement of bust
ness there was a general expectation
that Paris and Berlin would again be
heavy sellers and that prices would be
marked down all around. The prepara-
ton for the avalanche from Continental
centres caused a decline in market
valuations in London, which was taken
as evidence Of increased weakness
here. Foreign operators rushed 10 re-
alize, and by midday Reorganization
reigned supreme, the home market and
the leading foreign ones acting and re-
acting upon each other with startling
effect Toward the finish of the SEES
sion there was partial rally, due TO
some extent to covering transactions
on the part Of bears.
The Paris Bourse experienced another
big slump. The outbreak OF hostilities,
the dread of graver complications and
market still overcharged with nu-
merous commitments and positions in
various stocks caused further heavy
fall All kinds Of securities were
offered wholesale without tempting any
buyers, and French rentes broke so
centimes for the one session. This
completely unhinged the market and
prices went down with a run.
There was veritable panic on the
Berlin Boerse, the news OF the Monte
negrin victories and the uncertainty
of Russia's diplomatic attitude toward
the crisis producing a state of affairs
on the Boerse which quickly developed
into what may almost be described as
a catastrophe. Here also before bust
ness ended slight Improvement man
ifested itself, but. according to the
financial newspapers, yesterday was
the darkest day the Berlin Boerse has
experienced for decades. German I'm
perial and State loans maintained their
positions relatively well, and the
| "Vosssche Zeitung' declares that the
methods pursued by Berlin hnanciers
during the last few months probably
| contributed to the debAcle to quite as
great a degree as the international
situation.
London, Oct. 1.-THE news received
to-day was to the effect that the
Montenegrin army had followed up its
success by capturing the fort guarding
Tushi, thus opening the road for an adj
vance on the much coveted city Of
Scutari
Unless Turkish achievements have
reached Scutari 1t Is considered prob
able that that city will soon fall into
the hands of the Montenegrins. While
the way there has been opened, how
ever, IL Ii pOlulcu Jul 1hot e'S N'N'
may not be reached without serious
fghting, as the Albanian tribesmen In
the vicinity have been aroused by
Turkish emissaries and are expected TO
ioin the ottoman troops.
News from other parts of the Monte
negrin frontier is more conflicting the
town of Berana being reported at one
moment in the hands of the Turks ana
at another in those of the Monte
negrins. In this district Montenegro Is
helped by Servian insurgents, who are
always at war against Turkey.
The Porte hitherto has been taking
Montenegrin threats rather lightly.
The Turkish military authorities were
not prepared on that frontier as on the
borders of Bulgaria and Servia. II, as
is generally believed, Montenegro pre-
cipitated her declaration Of war as
part OF the strategy Of the Balkan al
lies. the unpreparedness of Turkey In
that region must have influenced her
decision.
The continued delay in declaring war
by Bulgaria, servia and Greece revives
hopes in diplomatic quarters here to-
night that a general war in the Bal
kans may yet be averted. 1t Is said
tho. q much more hopeful view Of the
l. h. nrtf tGh