11 Dec 1899
Page 1
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Newspaper
Daily Inter Mountain
Location
Butte, Montana, United States of America
Date
Dec 11, 1899
Page
1
Reports from London describe a heavy Boer assault mirrored the Nicholson's Nek defeat. British artillery steadied a retreat amid chaotic infantry, while markets reacted with stock losses and fears of Cape Colony unrest. Bank rates may rise to seven percent. gold flows scarce amid global commitments.
New York trading opened with a flood of visitors as stocks tumbled from last week highs. Bearish pressure grew on Trust issues with Tennessee Coal, Transit, Tin Plate, Metropolitan, and related industrials driving declines. A few railroads managed small losses, while loans forced many to sell on margin calls as fears over British military action intensified selling.
British forces maneuvered near Modder River on December 10 as a 7 inch gun and howitzers engaged Boers. Lyddite shells and shrapnel forced heavy bombardment, destroying a Boer long gun. Boers unmasked positions, and observers suggest the next clash may occur at Magersfontein with Spytfontein appearing undefended.
London dispatch reports British forces under General Gatacre suffered a serious reverse at Stormberg in northern Cape Colony. Misled by faulty guidance to Hoer position, ground deemed impracticable, ambush suspected, with heavy casualties and many reported missing. Reinforcement of Methuen's army noted at Modder.
London papers debate the Stormberg defeat of General Gatacre. Wail and Daily News critique military failures, while the Daily Chronicle questions readiness and scouting. The Standard warns of wider disaffection and strategic risk in the colonies and among Dutch and native populations.
The Times London financial correspondent notes rising nervousness in the money market as banks struggle to secure gold. Exchanges react to the six percent bank rate, while the Bank of France contemplates a higher rate, the government urging restraint. The bullion market contends with premium shifts and refusals to sell at any price amid tightening conditions.
Honolulu reports the steamship America Maru arriving from Hong Kong and Yokohama via Honolulu. Kobe plague fears are stamped out. The transport Garonne, carrying mules, diverted to Honolulu after storms and loss of 11 mules. Hancock and Pueblo arrived safely and sailed for Manila. Duke of Fife and others in port for coal. Congress may challenge Attorney General Griggs on Hawaiian land transfers since annexation.
Otis reports Manila arrival of transports Conemaugh and Lecla naw with five officers sixteen enlisted men seventy eight civilians and 492 cavalry horoes. Denmark West Indies sale denial. Supreme Court affirms fraudulent Los Abra Silver Mining claim against Mexico for about 4 million. Commander EB Wood dies of typhoid at Washington residence. Lt Brumby in Meila bay status unchanged. In Murcia theater a bomb explodes causing fire and theater destruction. audience escapes without serious injury.
A long Standing debate on the currency bill unfolds in the House with Mr. Overstreet leading the floor discussion. He argues for a clear public law establishing a permanent standard of value and warns against allowing a silver driven or discretionary parity to threaten the monetary system.
Opening with a display of porcelain from premier European potteries and Brie-a-Brace items. The exhibit targets refined tastes, presenting Nine China and cut glass as holiday gifts for discerning collectors.
A display of Royal Teplitz Doulton Ware Royal Satsuma and other wares includes Nnest Cut Glass water bottles claret jugs wine decanters and more. Also Bohemian glass Teplitz Busta plaques statues and Haviland china in plain and decorated styles.
Wide selection of chafing dishes and Mettlich steins advertised in Montana store circular. Over 300 styles, large and small, including five o'clock teas, suited for gifts and those who do not keep house. Direct importation and Christmas presenting emphasis.
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