The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-05
GUATEMALAN REBEL
ARMY CUT TO PIECES
Cabrcra's Regular Troops In
flict Heavy Losses and Seat
tor rradO'S Forces.
PESOS GO Ur AGAIN
Sr.c,ai Ca5,c De,pntch to Tnr stS

Srec,di tab'c Dc'pntch 70 Tnr StS.
MENlco CITY. April 4-Travcllcrs just
arrived from tho Guatcmalan border say
that II force OF Estrada cabrera's rcgu-
lars under Gen. Gutierrez crossed the
frontier into cNlapds ten days Z and
cut the Gua,emalan revolutionary forces
to pieces at a point about half way he
tween Tipachula and T'uxtla. Gutierrez
then returned to Guatemala with a num-
her IT prisoners. leaving the dispersed
revolutionary forces in the Chlipas
Mountains.
The rebels had been nndcr Gems
Pra'io and Romano and were operating
just inside the Guatemalan border.
having occupied several small towns.
At the news that Estrada Cabrera's
regulars was after them the rebels Ned
into the Cniapas Mountains. They were
hotly pursued. however. and At last at
tempted 10 MAX" a stand. The infor-
nation Is added TIT the magnitude Of
the ,iua,cinalan revolution has been
greatly exaggerated. Travellers say
that cabrera has the situation we'll IN
hand.
There was a steady rise in currency
to-day that upset the stock market. many
persons h.ing unwilling t, sell stocks
acquired dearly when l-.sos We're at less
than two cents Amaricau money for
the rldiculousiN small sums offered in
same pesos which closed to-day strong
at four and ono hall cents. Shareholders
are fearing "A new drop in the pes' and
many buyers are holding pesos for "A fur
Their rise to-day.
Few stocks were offered or solicited.
but the feature was the tremendous drop
in prices offered for oil and banking
shares. buyers offering much less than
half amounts generally offered two days
ago.
Th. local Chamher OF commerce met
to-day. tn. merchants agreeing TO re-
ducc prices bur the reductions hitherto
agreed upon, are not proportional" TO
the rise In pesos and the public con-
tinucs To suffer.
carrauZ, decrocd to-day the estah-
lishment Of "A special monetary commis-
sion Of five members. the president be
ing the Minister OF Finance and one OF
the PRINCIPALS being Treasurer OF the
lltlltlls nv 'A'JfN ''tAlS ~ '''iN "'''s
the circulation currency throughout Tn"
republic. put In circulation such
mounts Of new American made notes
as II deems necessary. guaranteeing the
value thereof with metallic deposits. and
redeeming present currency.
The commission will hay" principal or
fees in Mexico city. with agencies
throughout tn" republic and a special
financial representative in New York.
The commission is to h" authorized 20
administer all Government FUNDS. make
currency stable and establish fixed cN-
change rates.
The local finance officials say car
rama to-day forbade the issuance" or
u single peso more Of the present cur
rency. which is to he returned, beginning
probably July /.
II is Officially announced that the
conferences between the authorities and
tn. Mexican tramway management are
progressing satisfactorily and that the
properties will Toe returned to the Gov
eminent in two months. the lines in the
Federal district having been previously
repaired at the ADMINISTRATORS ex-
pense.