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Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, August 19, 1914, Image 1

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THE ARIZONA REPUBLICAN
AN INDEPENDENT PROGRESSIVE JOURNAL
I
TWENTY-FIFTH YEAR
10 PAGES
PHOENIX, ARIZONA, WEDNESDAY MOPING, AUGUST 19, 1914
10 PAGES
YOL. XXV. NO. 93
JAPANESE ULTIMATUM
IN OFFICIAL OPINION
MUST RESULT IN WAR
Belief at Washington bv
British, But Not By Any
Japanese, Assurance That
the Conflict Will Be Con
fined to China Sea
GERMANY PROPOSES
A WAY OUT OF WAR
Cession Directly Back to
China of Kiau Chan
Rather Than to Let Ja
pan Hold it in Trust for
Restoration
t ASSOCIATED PREmS DISPATCH!
WASHINGTON. Aug. 18 The earn
est deiermi nation of the United States
government to keep this country from
becoming involved in the European war
is manifested in several ways. The
president issued a special appeal to the
American people calling on them to
studiously refrain any expression or
act that might reveal the slightest par
tisanship toward the nations in con
flict. White House officials denied that the
kaiser's message contained any pro
test concerning the attitude of the
American press toward Germans'. It
was confined entirely to the statement
of the German emperor's position. Of
ficials admitted there was nothing in
it which might be construed as an in
dication whether the emperor would at
any future time accept a tender of good
offices.
The Japanese ultimatum demanding
that Germany evacuate Kiau Chau and
withdraw her fleet from the orient was
uppermost in the attention of official
Washington, notwithstanding the mul
titude of activities which the European
war situation brought on nil the gov
ernment departments.
Discussion was general as to how the
interests of the United States might
ultimately be affected, while there was
careful reticence on all sides, it was
obvious that a feeling of relief followed
assurances given at London that should
Japan take action against Germany,
such activity would be confined to the
Chinese seas and German territory In
eastern Asia and 'not against German
insular possessions in the middle Pa
cific where also the United States has
islands of strategic importance.
Baron Chinda, Japanese ambassador,
had a conference with Secretary Bryan
but declined to talk about it. Colville
T?arclay, charge d'affaires of the Brit
ish embassy, called immediately after
ward and left with the Becretary a copy
of a note from the British government
announcing that any action taken by
Japan would be confined to German
territory in eastern Asia. The note
was similar to that announced by the
British information bureau last night.
The British charge sought informa
tion about a possible cable censorship,
and was informed that the subject was
still under consideration. Although in
ternational lawyers and officials of the
department of justice who are endeav
oring to find an impartial and legal
adjustment of the situation, gave no
intimation of the trend of their find
ings, the predictions in some official
quarters are to the effect that the cen
sorship of the wireless will be main
tained, while the cables probably will
be left in their present status.
Barclay said after his visit to Mr.
Bryan, every assurance had been given
for the preservation of the integrity of
China and the safeguarding of Ameri
can interests in the far east. He ex
pressed an opinion of the declara
tion that aggressive action will be lim
ited to the Chinese sea and that pro
tection by the Japanese of shipping is
to be literally interpreted.
Approve President's Warning
WASHINGTON, Aug. 18. Hanief
Von Haimhausen, charge of the. Ger
man embassy here, commenting tonight
on the president's appeal to his fellow
countrymen for absolute neutrality to
ward the European conflict, said:
"I suppose one of the president's
reasons was the anti-Germany feeling
which has been shown in some of the
papers. I think it a very good expres
sion and a right one."
The Japanese ambassador and
Charge Barclay of the British embassy,
declined to make any comment. There
are no officials at the Austrian, Rus
sian or French embassies now.
Let China Have It Back
WASHINGTON, Aug. 18. Germany
should promptly relinqnish the entire
De Pauw Man
Presidency Of U. Of A.
ASSOCIATED PRESS DISPATCH
TUCSON, August IS. R. V.. Klein
smid, professor of education in De
1-auw uni-ersity, telegraphed to the
1'niversity of Arizona regents that
he would accept the presidency of
the University of Arizona.
Dr. KIcinsmid, who was offered the
presidency nt the last meeting of
the board of regents, has been for a
number of years at the head of the
deportment of education , and psy
chology at De Pnuvv university at
Greeneastle, Ind. He was also for
territory of Kiau Chau to China from
whom it was leased, to avoid the use
less sacrifice of lives of the small Ger
man garrison at Tsing Tsau, acord
ing to personal views of Haniel Heim
hausen, German in charge.
U. S. to Represent Japan at Berlin
WASHINGTON, Aug. 18 Japan has
asked the United States to take over
her embassy in Berlin, "in case of
emergency.
Official information came from Ber
lin that the Japanese ultimatum was
delivered to the German government,
and it is intimated in diplomatic dis
patches that war between Japan and
Germany is not unlikely. The Japanese
ambassador in ljerlin, foreseeing such
an emergency, asked Ambassador Ger
ard to be prepared to take over the
Japanese interests in Germany.
The president received from Emperor
William a long message transmitted
through Ambassador Gerard, the con
tents of which are closely guarded, but
which it is learned expressed gratitude
to the United States for its tender of
good offices, and pointed out at length
some causes of the present war, follow
ing in the general trend of the recent
official statements at Berlin.
German-American Appeal
PHILADELPHIA, Aug. 18. An ap
peal to the press of the country to
frown upon the effort of Japan to en
gage in the European conflict was is
sued in the interest of universal peace,
by Dr. C. J. Hexamer of Philadelphia,
president of the National German
American Alliance.
The appeal follows: "Americans of
German and Irish extraction "represent
three-fourths of the population of this
country, and the National German Al
liance call upon the American press
wherever a newspaper is printed in our
country, to frown down on the act of
Japan in throwing herself into the Eu
ropean conflict. We do this, first, as
we favor universal peace; second, as
a means to keep the peace within our
borders; thirdly, as a means to prevent
the American people being unwillingly
drawn into armed defense against the
encroachment of Japanese invasion."
Early Exodus of Japanese
LONDON, Aug. 18 Most of the
American residents in Berlin will re
main there, according to Mrs. Lucille
Salliburton, of Charlotte, N. C.. wno
left on the ambassador's special train,
arriving here toyty. Prices were
slightly raised there, she says, but the
banks cashed Americans' travelers'
checks without discount.
English speaking people are advised
by authorities not to use English on
the street lest they be attacked by ig
norant citizens. Travelers were struck
by the sudden exodus of Japanese prior
to the issuance Japan's ultimatum.
They had apparently been warned of
the impending crisis.
o
ENGLISH COTTON MEN
SHIFT THEIR INTERESTS
Many Accounts Already Transferred
to New York
ASSOCIATED PRESS DISPATCH 1
NEW YORK, Aug. 18. A cable re
ceived by the New York cotton ex
change announced that practically all
the members of the Liverpool trade are
willing to shift their interests here to
December. It is reported that h large
number of contracts, held for both for
eign and domestic account, have al
ready been transferred, while a meeting
now has been called of all houses
whose clients deal with American mills,
presumably to discuss further plans
for the reduction of old commitments.
Meanwhile crop reports show some
Improvements. Today's semi-monthly
statement by a prominent local author
ity shows a making condition of 78.3
per cent against 78 per cent two weeks
ago, while the summary of the weekly
weather report is also considered gen
erally favorable.
o
MISSOURI ROAD WORKERS
ASSOCIATED PRESS DISPATCH!
KANSAS CITY, Aug. 18. Residents
of ninety Missouri counties spent to
day improving the highways in their
vicinities. When the Inst tired worker
laid down his pick and shovel, it is
estimated that Missouri roads had been
improved to the extent of a million
dollars by a hundred and fifty thou
sand road day volunteers.
Accepts
some time principal of the prepara
tory department of the same insti
tution, in which Capacity he showed
marked ability in the handling of
students. As an educator and lec
turer he has been prominent
throughout the central west, his se
lection as president of the University
of Arizona was made largely on the
recommendation of a number of edu
cators of the country. He succeeds
Dr. Arthur H. Wilde, who resigned
lest spring, and who has accepted a
position in the department of educa
tion in Boston university.
...'-rtbJiL
M'REYNOLDS IS
HIS SUCCESSOR
I WASHINGTON. Aug. 18. At-
torney General McReynolds will I
j be nominated by the president to
I fill the vacancy on the 'Supreme
! bench in a few days, according j
to official circles. The president
j has decided to name T. W .Greg-
j ory, special assistant attorney
general in charge of the New
Haven investigation as attorney
general. He is 53 years old, na-
j tive of Mississippi, and was ad-
mitted to the Texas bar in 1885. j
j As special counsel for the state
J of Texas he prosecuted many
anti-trust cases. He declined a
federal district judgeship.- His
I home is in Austin. Texas. The
j president originally intended to j
appoint Secretary Garrison but j
J decided he could not spare Gavrl-
son's ability from the war de-
partmcnt. I
i I
4 , , j
OF
In Spite of Grim Evidences
of War the Usual Rou
tine of the
is Followed
Englishmen
Metropolis
bv Stolid
associated press dibpatohI
LONDON. August IS. Lcndon dis
played little excitement wiien it be
came known that British troops were
in France. There were no crowds
((round the bulletin boards, and no
.-ush for the newspapers. There was
a stolid, repressed, and earnest crowd
in the parks, where recruits are
drilled, and at the barracks where
trained soldkrs go through "their evo
lutions. The general routine was little dis
turbed, except for the unceasing
movement through the streets of
troops, ammunition trains and hos
pital corps. Tailors and saddlers
v.ere rushed with business. The sign
"Swords and Bayonets Sharpened"
appears in the cutlers' windows.
The attendance at music, halls and
theatres shows no diminution. Many
Americans spend the afternoons or
evenings at play houses. "Brittania
r.ues the Waves," "The Marseillaise"
and the- Russian national anthem
a.e played by the orchestras, the
audiences standing. As one High
lander regiment went through the
Strand, it's band played "Marching
Through Georgia."
Private houses have heen convert
ed into hospitals, and the newspaper
department under the head of "What
Women Can Do" or some similar
caption, are busiest.
Signs are posted that Earl Kitch
ener, secretary of war, needs 100.000
men for three years or to the close
ot the war.
There have been some protests
against German and Austrian waiters
being; permitted to serve at hotels
and restaurants. One of the news
papers protests against excessive for
beirance, as instanced by a crowd at
a railway station on the departure of
the Austrian ambassador, singing,
"Deutschland, Deutschland Uber Al
les." The stock exchange is closed and
the city is quiet. Clerks are carry
ing rifles and cartridge belts. Large
business houses announce that places
wil be kept for those who enlist.
Newspapers re proud of the effect
ive manner in which thy have kept
secret the movements of the troops.
The seaside resorts face a ruined
season and hotels dread the return of
Americans, for they with not be able
to accommodate them. Food prices
are lower, with the exception of su
gar, which comes from Austria and
Germany.
Cargoes of grain on German ves
sels captured in the Baltic were sold
tidiiy and brought current prices but
the eifect was a fall in prices, es
pecially in maize.
The Nottingham lace factories are
at a standstill but the shipyards are
unusually busy. The developments'
board is spending $15,000,000 on roads
and other improvements.
o .
EXAMINER'S YACHT
WAS A SMUGGLER
Trouble Growing Out of Visit to the
Leipzig
, associated press dispatch
SAN FRANCISCO, Aug. 18. Cap
tain Harry Johnson, of the launch
Alert, appeared before Surveyor of
Customs Wardell "today to show
cause why he should not be prose
cuted for smuggling into this port
baggage belonging to two sick sailors
from the German cruiser Leipzig.
They were brought ashore by John
son, who visited the Leipzig in com
pany with Vice Consul Von Schack
and local newspaper men, outside the
Heads last Wednesday.
Johnson told Surveyor Wardell that
he had intimated to the German con
sul that it, would be well to consult
the authorities' before boarding the
Leipzig, and that his suggestion had
not been acted upon. This explana
tion was deemed satisfactory, ,
CALM
AMD
Only Rumors Of War
Drift-From
ASSOCIATED PRESS DISPATCH!
LONDON, August 18. "French
troops are in contact with Germans
in Belgium but there are no im
portant engagements to report," says
the French embassy officially.
French Commander's Report
LONDON, Aug. 18. A Daily Mai
Paris dispatch quotes General Joff'e,
commander-in-chief of the French
troops, concerning Alsace, saying:
"We have obtained several impor
tant successes which reflect the
greatest honor on our troops whose
eagerness is incomparable. The Ger
mans have suffered important
losses."
The Expeditionary Army
LONDON, August 18. The British
expeditionary force or 100,000 men
has landed at French and Belgian
ports and is now well on the way to
effect a junction with the allies.
The King's Address
LONDON". August 18. In a stirring
message to the troops King George
says:
"Duty is your watchword, I know
your duty will be nobly done."
Germans Abandon Saarebourg
LONDON, August 18 (midnight)
An official dispatch to the French
embassy says: "The Germans have
ubanduned Sarrebourg, where they
were strongly established with heavy
artiljery."
Liege Forts Still Intact
LONDON, August IS.-An official
statement issued by the French em
bassy in London says:
"The Liege forts are still holding
out. Not one of them has been tak
en." Reported German Check
LONDON, Aug. l!t (Wednesday).
The Exchange Telegraph's Brussels
C( rrespondent says:
"The German movement toward
he Belgian ct-nter seems to have
been checked at Landen and Gam
bledoux. Further movements of the
enemy's troops were observed. Ger
man prisoners in Belgium will lie
sent to England."
Wrecked Airships
LONDON, Aug. 18. A Exchange
Telegraph Paris dispatch says:
"Paul Doumer. former French min
ister of finance has just returned from
the fighting line in Belgium and says
three Zeppelin dirigibles, reconnoiter
ing over the war zone were destroyed.
Another fell in a forest and was
wrecked. The spirit of the French sol
diers, according to Doumer is strength-
EVENTUALLY
State Department Through
its Diplomatic Agents
in AH European Coun
tries Prosecuting "Work
.f Relief
ASSOCIATED PRESS DISPATCHl
WASHINGTON, Aug. IS. The per
fection of plans to bring war-marooned
Americans out of Europe, occupied the
government relief board today. Ord
ers for outfitting the army transports
for relief voyages stand but for the
present there will be no acceptance of
Germany's offer of ocean liners to be
put temporarily under the American
flag. The .state department had re
ceived no replies to its suggestion to
the nations at war, that the liners
chartered for refugees be recognized as
neutral. The belief was expressed,
however, that favorable replies would
soon be forthcoming. More 'definite
knowledge of transportation facilities
required was received from Ambassa
dor Gerard at Berlin, who cabled that
there were 9000 Americans in Germany
who wanted to return home immedi
ately, with the transportation condi
tions from English ports steadily im
proving, American government offi
cials will probably concentrate their ef
forts toward providing ships for the
refugees in Germany, Switzerland, and
Austria and stranded tourists gathered
in Mediterranean ports.
The state department dispatches re
ported that all English lines are sail
ing and that now it is possible to bring
all Americans desiring to return to the
United States. From France it is an
nounced that steamship companies are
resuming their operations and the sit
uation seems completely adjusted. Sec
retary of War Garrison, says: "It is
possible to bring back all Americans In
England and France and those who can
get there by October 3rd. Our task
now is to secure transportation for
refugees in other countries to France
and England."
Stranded Russians
COPENHAGEN, Aug. 18. (via Lon
don) Thousands of Russians who were
In German ports waiting steamers to
.(Continued on Page Three)
ALL AMERICANS
WILL GET BACK
ened by a feeling that their artillery is
superior to the German."
Held at the Bridge
LONDON, August 18. A Brussels
P.euter dispatch says the Germans
made another attempt to c.'oss the
Mouse today by a bridge near Dinant
where cannonading was resumed. The
French artillery repelled the attack
with considerable loss.
An Aeroplane This Time
PARIS, Aug. 18. "French troops
brought down a German aeroplane, near
Daint, fourteen miles south of Namur.
The pilot was killed, the observation
officer taken prisoner but the. machine
was not damaged," was stated official
ly, "when our troops entered Blamont
(department of Meurthe-et-Moselle,
France) a few days ago we found not
ices on the walls that the next day the
mayor and prominent residents would
be shot. The sudden arrival of French
troops and a disorderly German retreat
saved them from death."
Aeroplane Under False Colors
PAK1S, Aug. 18. A German mono
plane, hoisting a French flag dropped
three bombs on Luneville, sixteen miles
east of Nancy, from a height of 4."00
feet, is officially announced. The mis
siles exploded in a public garden. No
one was hurt.
BATTLE OF MUELHAUSEN
A German Account of That and
I Adiacent Operations
BERLIN, via Copenhagen and Lon
don, Aug. 18. The Wolff bureau, a
semi-official German news agency,
gave out the following account of the
battle of Muelhausen:
"One half of a French army corps
entered upper Alsace while our troops
were still concentrating. Nevertheless
we attacked the enemy who was
thrown back toward Belfort, but whose
march afterward continued. A small
i section of artillery from Strassburg
was defeated and two batteries which
j had been rendered useless were taken
by the enemy, who then marched to
ward Schirmeck, eight miles from
Saalc, Alsace. An investigation has
heen begun in an endeavor to ascertain
if any treachery exists among the lo
cal population."
GERMAN STATEMENT
Explanatory of Operations About Liege
BERLIN". Aug. IS. A series of state
ments on the Liege enigma puhlished
from the headquarters of General Stein
according to which French officers
Papal Condition
Is Not Alarming
So Says Physician
ASSOCIATED PRESS DISPATCRj
ROME, Aug. IS. Pope Pius is not
in as serious condition as reported.
according to Dr. Marchiafavia, his
physician.
The pontiff's sisters and nieces
are allowed to nurse him as in his
previous illness, as that relieves him.
and distracts his mind from the
gravity of the European situation,
because of which ho has suffered
great depression. '
Dr. Marchiafavia said: "There is
nothing alarming in the condition
of the pope. His indisposition would
pass unnoticed except for the high
office he holds, and his extreme age.
His present indisposition is much
less grave than past illnesses.
"The pope is suffering from a
simple cold, which invariahly pro
duces hoarseness, accomjuinied by a
slight bronchial catarrh. The cough
and rise in temperature have caused
some weakness. If no complications
occur, and there is no reason to fear
this, a week's rest will be sufficient
to restore the pontiff to health."
The pope had a rather restless
night, owing to his cough and diffi
culty in breathing, which awakened
him frequently. His weakness was
counteracted with frequent nourish
ment, which he was able to retain.
Today . his temperature is normal,
and he was able to sit for a time in
an arm chair, near the window. He
expressed a desire to resume his au
diences Friday, but it is not likely
the doctors will sanction this plan.
FOREIGN REGISTRY BILL A LAW
ASSOCIATED PRESS DISPATCHl
WASHINGTON, Aug. 18. The
president tonight signed an amend
ment to the Panama canal act ad
mitting foreign built ships to the
American register for over-seas
trade, becoming immediately effec
tive. It is expected to materially jjid
in- solving the problem of handling
American exports during the war.
The president also signed the bill to
regulate cotton futures.
o
NEBRASKA PRIMARIES
ASSOCIATED PRESS DISPATCH
OMAHA, Aug. 18. With the polls
closing at 9 p. m., there is no indi
catipn that any important results of
the Nebraska primary election will
be available before midnight. The
ticket in some counties carried as
many as six hundred names. The
vote was a moderate one, and in
many counties hundreds did not go
to the polls.
Belgium
were sent to Liege before the war to
instruct Belgians in the defense of the
fortifications.
"Six weak German regiments on a
peace footing with some cavalry and
artillery took Liege" says General
Stein. "The brigades were mobilized
at Liege, and there received reinforce
ments of thir own reservs. Two other
regiments came later. Our mobiliza
tion is just finished."
"Our enemies thought there were a
hundred thousand German troops at
Liege, and owing to commissariat dif
ficulties were unable to advance. This
is a mistake. There are other reasons
for the pause. The forward march will
now go on. our enemies will find that
the German force is well supplied with
food and arms. The emperor has given
his word that not another drop of
blood will be sacrificed to take the
Liege forts.
Desultory Fighting on the Sea
LONDON, Aug. 10 (Wednesday)
The British official press bureau an
nounces that some desultory fight
ing occurred on Tuesday between
British patrolling squadrons and flo
tillas and German cruisers which
were reconnoitering. No losses are
repot ted.
Reported Naval Battle
LONDON, Aug. 19 (Wednesday)
A Harwich dispatch to the Central
News agency says a naval engage
ment occurred early Tuesday morn
ing in the North sea, about two hun
dred mih-s off Harwich. This is un
confirmed by British officials at the
news bureau.
Austrian Cruiser Sunk
LONDON. Aug. 19 (Wednesday)
An official message from Vienna to
Rome says the Austrian cruiser
Zenta was sunk in a naval battle off
Antivari on Sunday, according to an
Exchange telegraph dispatch.
First French Soldier Killed
PARIS, Aug. IS The name of the
first French soldier killed in the war
was announced today, but neither
the regiment nor the place where he
was killed is given. It was through
the publication of the lists of the
dead and wounded in the Franco
Prussian war that the Germans
Itarni'd the location of the French
fighting units, and determined the
Isiiinns of the various regiments.
Returns to Help Austria
LONDON, Aug. 18 A Berlin dis
patch to the Renter Telegram says:
"S4atin Pasha, British inspector
general in the Sudan, and an honor
ary major general in the British
(Continued on Page Three)
Municipal Markets Being
Established. Meanwhile
Inquiries Are Being Con
tinued as to the Cause
of IIi"h Prices
ASSOCIATED PRESS DISPATCHl
NEW YORK, August 18. With the.
city planning to establish municipal
groceries and meat markets, the po
lice in every borough are obtaining
comparisons between present and past
food prices. It was announced at
the district attorney's office that the
promised inquiry into the higher cost
of living here since the outbreak of
the war in Europe will begin on
Thursday morning.
District Attorney Whitman will
conduct the proceedings, and testi
mony will be taken from wholesalers,
middlemen and retailers. The re
tailers have raised prices because
the wholesalers did so first, accord
ing to statements made at the prose
cutor's office by August F. Grinn.
president of the East Side Retail
Butchers' association.
Wheat and Flour
MINNEAPOLIS. August 18. The
recent advance in the price of flour
here was not due to any arbitrary
action of the Minneapolis millers, ac
cording to C. W. -Sterling, special
agent of the department of justice,
who had completed an investigation
of the loca flour market.
"The explanation of the millers
that the price of flour is controlled
largely by the price of wheat seems
very reasonable," said Sterling. "The
rise in wheat is due to the war. The
problem for us is to ascertain if
there has been any disproportion be
tween the vise of flour prices and
wheat quotations.
Government Quest
WASHINGTON-, August 18. Re
ports from officials and special
agents investigating the rise in food
prices since the war began, contin
ued to flood the department of jus
tice. Special agents in the west
telegraphed they had evidence that
th sugar producers and refiners
combined to raise the price.
NEW YORK PUN
FOR REDUCTION
OF WAR PRICES
Oil THE EDGE
OF CONFLICT
Cabinet
Fortnight
Ac'o
Urged rres. Wilson to
Send American Troops
from Vera Cruz to Capi
tal to Prevent Anarch v
CARBAJAL'S OFFER
WAS REJECTED
We Could Have Had Mag
dalena Bay and Other
Concessions for Interven
tion at That Moment in
Mexican Affairs
fASSOCIATED PRESS DISPATCH
WASHINGTON, August 18. Just
how close the United States came
to being involved in a war with
Mexico a fortnight ago was revealed
today by high government officials.
When Carranza abruptly - rejected
Carbajal's offers and ignored the
United States' diplomatic efforts,
drastic measures were urged upon
tiie president. A majority of his
cabinet argued in favor of sending
American troops from Vera Cruz to
the cppital to p.'event expected an
archy. The president stood firm, arguing
that sending troops to Mexico City
even on a peace mission, would pro
bably mean war with the approach
ing constitutionalist troops. A few
days later Carbajal made overtures
for American troops, promising
through Minister Lujan, of Ca"bajal's
cabinet, with Carbajal's approval, a
coaling station at Magdalena bay, the
ndjustment of the Chamizal claims
f.nd other concessions.
The president resisted all these,
finally sending Paul Fuller, a New
York attorney, and personal friend,
to see both Villa and Carranza.
Fuller is now with Villa urging Villa
to join . Carranza in maintaining
peace in Mexico.
Order in Mexico City -
MEXICO CITY. Aug. 18. Perfect
order is maintained in the capital
since its occupation by the constitu
tionalists. The authorities are over
looking no opportunity to make
peaceful conditions. The call for de
livery within eight days of all arms
in the possession of the inhabitants
is meeting with general acquiescence.
It was decided to search passen
gers and freight trains leaving the
capital, in order to guard against the
shipment of arms to outside districts.
Carranza's headquarters are being
moved to the outskirts of the city
in preparation for his triumphal en
try to the. capital on Thursday.
o , .
IN AMERICAN FINANCES
A Greater Activity in . tre Foreign
Exchange
associated press dispatch!
NEW YORK. Aug. 18. More activ
ity was noted in foreign exchange to
day than at any time since the war
began. This is accepted as evidence of
further improvement in the general
financial situation. Rates are firmer,
however, because a considerable part
of the recent accumulations have been
disposed of.
Domestic monetary operations also
were more numerous, money loans be
ing placed by local banks for interior
institutions attracted by the prevail
ing high rates. Fairly large sums wero
loaned for out of town banks at eight
per cent. Mercantile paper of prime
quality reflected better inquiry at six
to seven per cent.
Little ground for encouragement was
offered by the official weather report,
which told of increasing deteroriation
to corn in states west of the Mississip
pi because of the continued drought. In,
fact, it is now generally recognized that
all cereals except winter wheat have
suffered severe reverses since the of
ficial July report. This change found
reflection in a sensational advance for
September wheat in Chicago.
Indications of increasing confidence
in the steel trade are found fn the ad
vance of one dollar per ton ordered by
a large independent manufacturer of
wire products and the reported re
sumption next week of a rolling milt
plant in the middle west, after two
years idleness. Although copper metal
shows a firmer tendency, the precarious
state of that industry was demonstrat
ed by reduced or suspended dividends,
announced in the course of the day, to
gether with a further reduction of pro
duction. The committee which has been di
recting the affairs of the stock ex
change during its enforced suspension
was authority for the statement that
the position of its members is inher
ently sound. This has given rise to
rumors of an early opening all of which
are proven to have no foundation of
fact. The exchange, it is declared, will
not attempt to do any business except
for cash so long as the British mora
torium remains effective.
W
BO
Si
i
t
k

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