davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1914-07-18

The Interstate Commerce Commission'i
decision in the freight rate case now Il
expected late this afternoon.
There was a good deal OF liquidation In
Southern Railway yesterday on the the
ory that the dividend on preferred stock
win be reduced.
New York Central is being closely
watched, and holders OF that stock are
reported generally 10 be decidedly ap-
prehensive as 10 a possible investigation
by the Interstate Commerce Commission.
Selling has been free for several days.
though II was reliably reported yester-
day that good banking interests are buy
ing the stock. New York Central made q
new low record yesterday, as did B. & o.,
which still works downward on the
strength OF the Union Pacific decision.
It was rumored yesterday that Penn
sylvania, which declined. Is in for a ten
point drop because of losses in New
Haven.
Kuhn, Loeb & Co. are reported to be
buying Missouri Pacific with the purpose
Of keeping 1t from the hands Of receivers.
Bear interests are predicting that Erie
common VIII drop 70 S because OF oad
earnings and the disappointing Eastern
freight rate decision by the Interstate
Commerce Commission.
Copper exports for the week ended
July 16 total 6.T47 tons; from July /, lS,-
S36; year ago, 1854.
We have the following night telegram
from our crop expert, Mr.. Oscar K Lyle.
today: Fargo, N. Dak.-Sudden change
to cooler weather has made the spring
wheat situation here less favorable for
black rust and has consequently modified
recent apprehension. know Of no black
rust at present in the valley worthy Of
mention. What has been found is OF no
Importance. The danger OF such devel-
opment continues, however, as the wheat
Is all green over this section. Weather Is
perfect at present.''-S. B. Chaplin & Co.
The Washington herald., 1914-07-18
BALTIMORE WHOLESALE MARKET

Baltimore, July E.-DGGs-Msrtst steady. Mary
land and PennsylTaniG .: Southern. nale.
LIVE POULTRf-Markst steady. Chickens. old
bers. u; old ToosteTS. 10; spring. II pounds and
over. 2a23; do. smaller. II. DuckN. old, llAl2;
spring. white Pekins. pounds and over. HAS; pud-
de. pounds and over. l6aif.
HAY-No. timothy q Ooa2l- 30: standard timothy.
TOO: No. / clover MIXED, lsais; No. timothy.
IsOoAls5o: No timothy, lsoOAIsoo: clover. heavy.
ls 5aI7o0; No. l clover. Aoalao; No. clover.
l200allD; no grade soss.4.
The Washington herald., 1914-07-18
COMMERCE AND FINANCE

trading. then easing OF *. but rscU.srins shs los.
later.
Ths sensrsl industrial list was almost entirely
neglected Tobacco stocAs moved within narrow
linifA as did Roek Island issues and autmob1e
lharfA OIL stocks were fairly steady, Atlantic Re
hItng moving up about thres pointG
The Washington herald., 1914-07-18

them at all and that at the same time
do not possess a broad enough market
to enable men TO adjust themselves TO
sudden contingencies. Il Is bad enough
in speculative securities to meet with
misfortune and be glad to Iiquidate at
50 cents on the dollar. II Is twice as bad
to meet with such misfortune and not to
be able to liquidate at all. That is the
element Of danger that exists In the small
unknown local companies that are float
ed by the thousands every year in all
countries. Even In good times It Is
hard to get money out of such an in
Nestment. and in bad times ii Is prac-
tcally impossible. and every estate that
goes into the courts Is obliged to write
OF large losses OF this sort, because the
securities have only what is technically
called nominal value"
The Washington herald., 1914-07-18
WASHINGTON STOCK EXCHANGE.

sales-Regular call Il O'CLOCK noon.
Washington Gas s.. s., 900 at lO5 900 At IB
Washington Railway d., Noyuo At 8. 500 at
g. N.ooo at s.
MerEenthaler / at rs
Lincoln NAtional Bank. at leL
Continental Trust. 10 at lls
After call:
Washington Railway A., 81 900 At a.
Washington Railway com. . At 6, 6 at g.
The Washington herald., 1914-07-18
Stocks ERRATIC;
BONDS FIRMER
Wall Street Expects |. c, c.
Decision 5 Per Cent on
Rate Increase Today.
CAPITAL MISSES SAFETY
Only Political Upheaval that Will
Wipe Administration Of Map
Can Restore Confidence"
CAPITAL MISSES SAFETY

New York, July I7.-Today's stock mar
ket was erratic. Many of the low priced
stocks scored sharp declines to new low
levels, but strength featured the standard
issues. Wall Street expects q rate de-
clsion tomorrow. Tape prices almost in
Variabiy discount coming events, and the
recent decline in values on the stock ex-
change reflects expectations concerning
the forthcoming report from the Inter
state Commerce Commission on the East
ern freight rate case.
As exclusively announced In The Wash
ington Herald last Monday, selling that
began a week ago was in anticipation OF
this news. During the last three or four
years railroads that could no longer sell
common or preferred shares or induce
investors to take new bonds sold short
term obligations in the hope that the
railroads would be permitted to earn
living wage and that these obligations
could In time be exchanged for a fixed
form Of Indebtedness.
Doom Seems Mt Hand.
The doom Of the short-term note as an
aid TO roads would appear to be at hand.
Foreign investors who freely advanced
funds to our railroads during the period
Of early construction and later develop
ments now show their disgust by return
ing securities of the minor railroads at
panic prices. Missouri. Kansas and Texas
hangs on the edge of q receivership, and
at the present prices for Denver and Rio
Grande securities no reorganization
seems possible except under the super
vision of the courts. And Erie, hopeless
ly behind. has no E H. Hartman today
to come TO its rescue.
When the ribbons of steel was being
stretched across the country developing
the finest net work of railroads ever
known, capital was offered assurance Of
safety that are now denied. Nothing
short of a political upheaval that will
wipe the present administration OF the
map can be expected 10 restore confidence
in our arteries OF commerce.
London Market Idle.
London was idle, but the continent sold
the low priced stocks heavily. Erie is
sues dropped from l to points, Southern
Railway broke to 30 S-s, and Missouri,
Kan5as and Texas common sold at 3, and
the preferred at q l-2 Denver issues
were heavy, the preferred breaking to
SS-4
Union Pacific warrants for the extra
SlYidend were admitted on the stock ex- |
change and heavy sales occurred against |
these. rights in Baltimore and Ohio COM !
mon and preferred, the former dropping 1
to 50 3-S and the latter TO 75 Is Cleve- I
land, Cincinnati, Chicago and ST. Louis !
lost 3 points on a single transaction.
New Haven closed unchanged and the |
stock may be expected to hold steady |
around prevailing figures. Support was
noted in New York Central, and the price !
was firm.
Efforts were made to hamper Steel (
common, but good support developed /
around 50 1-2. Pennsylvania and Reading |
were both under pressure for foreign ac-
count. There is a fair investment de- !
mand for Pennsylvania below IL.
Bonds were generally frmer.
The Washington herald., 1914-07-18

per ton. IAO0; do. medium. n.oo; st1U. DID, looG
rye. per ton. l60; new. pooGlLoo; wheat strau.
Tsrtnn. 500: enrn. ear. peT bhl-. LS
WOOL AND HIDES-wool washed FREE Of burn
per h.. -; wool. unuaEhsd. PER b.. AEz; hidsA
an p1 n. 1l2; salt hides. dry pr ID. Iian; sali
hsde. per ID. Il; eahskinA green. each. lsaaln;
Ersen hdea pr n. Il
The Washington herald., 1914-07-18
TORONTO QUOTATIONS.
NEW YORK MONEY.

New York July r.-Can money opened 1t ~ per
csnt; high. - per cent; low, Y per csnt: ruling
rate. ~ Ter cent; renewals, "a per cent; closed
~ per cent.
Time money is q trihe easier in Sympathy with the
The Washington herald., 1914-07-18
WEEKLY BANK CLEARINGS.

New York. July IT.-BAnk elearngs In the United
States for the week ended July B aggregate
S3ITl. .sROOo. aEAinst t,S6t.Toyoo last week. and
S.oA. l9.o0 In this week last year. Following are
the returns for this week with percentages Of chlnes
from this week last year:
The Washington herald., 1914-07-18
furnished by n. L Carpenter 4 Co.
OUTSIDE SECURITY NOTES.

Hsw Fok. July E.-Trading on the outside mar.
ket today uss ehAracsei1ed BY hghtness and irrsru
laraty. Unica Pac1hc WHrrarta vsrs the urinciu1i
fsstusA dsra1ptug rsueEsd activity IN Ne s1fly
The Washington herald., 1914-07-18
M1scELLAspous

C1apIn-cackS ...s.-..........s- ~ =
District q colunbia PAPER sIfE. Co.,. no .....
hsrehants' Trsnaer storase.......- iN .....
The Washington herald., 1914-07-18

Other Financial News on page II.
The Washington herald., 1914-07-18
LTverpoUi Futures.

Furnished By y. L. Carpenter { Co.
The Washington herald., 1914-07-18
WALL STREET GOSSIP.

The Interstate Commerce commission's
decision in the freight rate case now Is
expected late this afternoon.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1914-01-01

tilted by Dick Stafford as the
one that was stolen from his machine
a few nights ago near the Catholic
church. Marshall this morning ar
rested Jim Burns, an alleged notorious
character. in connection with the theft
and says he has enough evidence TO
make case against him. The tire is
So large and heavy that 1t could not be
brought an the way 10 town as soon
as 1t was stolen. It is thought that the
thief would carry 1t So FAR every night
md then leave 1t In hiding som,vhore
until the nest night until he got it
near the place where he intended to
sell IT.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1914-01-01

ONE or THE MOST Interesting
Daily capital journal. (Salem, Oregon) 1903-1919, 1914-07-25
WATSON BACK FROM
TRIP TO THE EAST
Attended Meeting of Supervisors of
Banks and VIII Recommend Some
Changes in the Blue Sky Law.

Ralph Watson, corporation commits
soner, who returned from t1e east to-
day, announced that he would recon-
mend important amendments and
changes in the blue sky law to the next
legislature. Mr.. Watson took leading
part in a discussion of a model law for
the various states at a meeting of the
National Association of State Supervis-
ors of Banks, held at Atlantic City,
N. j.
Experience has taught me, said
Mr.. Watson, "that the Oregon law can
be made more harmonious with other
corporation laws, less ambiguous and
more easily workable. / shall prepare
law and submit it early in November
to the members-eect of the legislature
so they will nave a chance to give it
study. 1t can at least be used as a
nucleus. | arranged with delegates
to the convention who have made a
study of blue sky laws to send them
copies of the one | shall prepare so we
may get the benefit of their sugges-
tions. "
Mr.. Watson said Oregon was among
the leaders of the states in the opera
tion of the blue sky law. He thinks
the Oregon law about the best of any,
but admits improvements are necessary.
Mr.. Watson conferred in New York
with Robert r. Reed, general counsel
for the Investment Bankers associa-
tion, which led the fight in the courts
against the blue sky laws in Michigan
and Iowa. Mr.. Reed, he said, and he
agreed on many features Of the law,
especially as to its being free from con-
stitutional objections. The New York
man, however, does not go as far as
the Oregon commissioner with regard to
the regulation of dealers in securities.
Deputy Chief Broderick, of the New
York State Department of Banks, with
whom Mr.. Watson conferred, was in
thorough accord with the Oregon man Is
views. Mr. Watson will submit to him
the amendments and changes he plans
before submitting them to the legisla'
ture.
"I passed through many of the rich
est and greatest states on my trip,
continued the corporation commissioner
"and while l was pleased with all OF
them am mighty glad to get back te
Oregon. The crops could not be better
than they are in the east. There has
been sufficient rain and weather con
ditions generally have been favorable
But the east at its best is not Ore
gon.
Mr.. Watson was away one month.
Daily capital journal. (Salem, Oregon) 1903-1919, 1914-07-25
RUMORS CLASH BUT
ALL AGREE PRISONS
ARE OVERLOOKING
Government Reports Indicate
Conditions Are Again Be-
coming Normal
OTHER SOURCES GIVE
DIFFERENT OUTLOOK
Unofficial Reports Say Dis
order and RiOting Con-
tinue in Many Cities

Vienna, July 25.-Official accounts
from st. Petersburg today were to the
effect that the troops were getting the
better of the strikers throughout Eu-
ropean Russia today.
Some industries, it was said, were re-
suming, telegraphic communication was
being re-estabished and most trains
were running though still under heavy
military guards. Confidence was ex-
pressed that the government would soon
nave the situation well in hand.
Unofficial advices did not entirely
bear out this version. There were re-
ports of continued disorders in many
cities.
1t was considered probably true that
in st. Petersburg, where, owing to the
czar's presence, the authorities were
especially anxious to restore normal
conditions and consequently concen-
trated their efforts, there had been an
improvement.
Elsewhere it was believed Eere the
revolt was far from over. Few details
were obtainable.
Efforts to obtain figures concerning
the number of killed and wounded were
unavailing. Unofficial correspondents
presumably were not allowed to send
out any definite information and Of
ficia ones were very vague, simply re-
ferring to "several" killed and a
considerable number" wounded. The
belief here was that the casualty list
was heavy and the number of killed
would run at least into the scores.
Even official accounts admitted that
the prisons were packed. lt
Daily capital journal. (Salem, Oregon) 1903-1919, 1914-07-25
SUMMON SPECIAL
VENIRE FOR MONDAY

The following is the special venire
of jurymen for the circuit court for
Marion county in court Wednesday aft
ernoon at l o'clock. The list was
drawn this morning by the county
clerk:
James Colvin, Aumsville, farmer; l..
NJ. Gilbert, Rosedale, farmer; Henry
Zorn, Champoeg, farmer; Lewis c. Rus
sell, Scots Mills, farmer; d. S. Livesay,
West WOOdburn, lumberman; Rue Dra-
ger, Mehama, farmer; A. G. Stiffler,
Salem No. 6, carpenter; John r. Jordan,
Hubbard farmer; Fred L. Scott, Lib
erty, farmer; c. H. Cannon, Pringle,
farmer; VIM. Lichty, Howell, farmer;
A. C. Libby, Jefferson, farmer; O. Ia.
Hatteberg, South Silverton, farmer;
Louis Webert, Aurora, druggist; c. W.
Gillette, West Woodburn, clerk; Wesley
Desart, Howell, farmer; f. A. Welch,
Salem No. /, farmer; Roscoe Langley,
West Silvcrton, machinist; w. S. Saw.
yer, Liberty, farmer; Geo. W. Brown,
Brooks, farmer.
Daily capital journal. (Salem, Oregon) 1903-1919, 1914-07-25
Excitemant 10 Intense.

Belgrade, Servia, July 25.-Excite-
ment was increasing here today over
Austria's threat of war.
Sentiment was overwhelmingly in ia
vor of defiance. 1t seemed doubtful
if the government, even if it wished,
would dare to brave the people Is anger
by yielding.
The general feeling was that, despite
the disproportion between Austria s
and Servia' y strength, Servia g case
was not hopeless, Russia, for one thing,
was counted on to intervene. The 9th
er Balkan states, too, were relied on
for aid, since it was believed they
would all expect their turns to come
next if Servia should be swallowed up.
Finally, it was the general view that
Austria's Servian subjects would re-
bel, with the opening of hostilities and
some were even so hopeful as to think
that instead of ending in Servia's an
limitation, war might add the Austrian
provinces of Bosnia and Herzegovina
to Servia $ territory.
An extraordinary session of parlia-
ment was called for Sunday.
Daily capital journal. (Salem, Oregon) 1903-1919, 1914-07-25
RYAN MARKET OPENS
FOR FIRST TIME TODAY
Ryan Market opened This Morning
With Plenty of Buyers, but Scarcity
of Producers.

One hundred people came to the pub
lie market which mas its opening this
morning before 10 o'clock and went
away with empty market baskets be-
cause the farmers failed to bring in
their produce, according to agreement.
Some came with market goods, wanting
to leave it for sale, expecting others to
sell it for them. However, the principle
of the public market is for the farmer,
himself or representative, to sell his
produce direct to the consumer.
A North Salem farmer named Gordon
was the first to bring in his produce.
At a. m. he came in with half busn-
el of onions which he Immediately sold.
G. A. Muths, of Lincoln, Polk county,
noted for his fancy hateheries and
floral lawn, sold the first fruit to be
Offered to BynOn Brown, who pur-
chased some mammoth blackberries.
These berries will be canned by Mrs.
Sam Foster, of 567 North Summer
street, and will be taken to the Pan
American exposition at San Francisco.
Mrs. X. G. Sumerlin, of Ferry street,
came at a. IN. and found that the
farmers had failed to take advantage of
the opportunity offered as she with
many other ladies had to leave sans
purchase. However, Mrs. Sumerlin knew
Of the success of the market in her for
mer home in Vancouver, and she went
back at 10 o. clock and was then able to
buy some fruit. Fresh ranch eggs were
Offered at % cents per dozen, peas at
10 cents per gallon and berries at
cents per box.
X. II. Ryan, pioneer Salemite, who
has turned over his new building for
public market purposes, has visited
thirty-odd" markets in the United
States. He journeyed east to Boston,
then south to Jacksonville and over into
the old French markets ut New Orleans.
He knows markets when he sees them
and in order to give the Salemite
start he has offered the big 104 by 1866
foot space of the entire first floor of
his new building during the coming
month free for the farmers to display
their produce. The market will be open
on Tuesdays, Thursdays and Saturdays,
and will be used exclusively as public
market.
Daily capital journal. (Salem, Oregon) 1903-1919, 1914-07-25

Unofficial reports earlier in the day
that the Servian government had yield
ed evidently were due to the fact that
an answer was, in fact, made to Aus
tria s demands.
Just what it contained was not gem
orally known here, but it was certain
that it was not what Austria requir-
ed.
In form, ii was understood, the ans
wer was an acceptance of the Aus
trian terms, but so hedged and quail
fled as to nullify its own effect,
Austria acted on its ultimatum with
great promptness, withdrawing its min
lister from Belgrade at exactly the hour
specified.
At 3 p. m. Servian troops were al
ready assembling in response to mo-
bilization orders.
Many surmised that Servia would not
have dared to assume a defiant atti-
tude without assurances of Russian pro-
lection.
Others believed the very fact of its
answer having been in semi-compliant
IOHty uonpltc llo uudhliOdtlOHSj hitdh'
that no real defiance was meant, but
that only time was sought.
As against this view, however, was
the undeniable fact of the Servian mo
bilization.
1t was known that at st. Petersburg
the question was raised in the cabinet
council whether Russia s internal trou
bles were so serious as to make it i'm
possible to help Sefvia and that q ma
iority favored extending aid.
Before leaving Belgrade the Aus
trian minister notified the Servian for
eign office that its reply to the vi
emma government s demand was unsat
isfactory. He also refused an exten
sion of the Austrian ultimatum 5 per
| iod.
The king and court of Servia wer,
leaving Belgrade tonight for an inter
/ ior city.
Daily capital journal. (Salem, Oregon) 1903-1919, 1914-07-25
Predict Russian UItimatum.

Berlin, July 25.-A Russian ultima
tum to Austria was predicted today, un-
less the latter country gives Servia
more time to consider the demands
made on it by the Vienna government
Thursday night.
Austria allowed the Servians only
until p. m. today to give assurances
that those among them charged with
completely in Archduke Francis Fer
dinand' 's recent assassination would be
punished, and that the Pan-Servian
movement, which Austria fears be-
cause of the number Of Servians
among its own subjects, would be sum
marily suppressed.
Russia being Servia's 8 recognized
protectors this note caused fully as
great sensation at ST. Petersburg as
at Belgrade. A ministerial council
was summoned Mt the former capital
Thursday, and except for few short
intermissions the conference was still
in progress today.
Russia S first step, it was understood,
would be request for an extension Of
the Austrian ultimatum s limit. In the
event of refusal, Russian ultimatum
to Austria was looked for.
Austria Is Defiant.
Austria showed no indications of
yielding. Baron Won Gieslingen, its
minister to Belgrade, had the legation
effects packed and his records ready
to turn over to one Of the other for
eign diplomats at the Servian capital,
preparatory to an immediate departure
if Servia's answer had not been de-
livered to him by 6 O'Clock.
All signs were that the answer, if one
were made at all, would be defiant.
1t was understood that preparations
were being made hurriedly for evacuat-
ing Belgrade, which is exposed to a
bombardment from the Austrian war
ships in the Danube, and for move.
ment of the garrison to stronger posi-.
ton further south.
Montenegro had already declared its
intention of helping Servia. Roumania
was expected to follow Montenegro &
example. There was more uncertainty
concerning Bulgaria, but it seemed GER
tain that il would have to take one
Daily capital journal. (Salem, Oregon) 1903-1919, 1914-07-25
WAR TALK JARS STOCKS.

New York, July 25,--The European
situation again today was the primary
factory in the stock markets operat-
ions, the semi-panicky condition on all
foreign exchanges finding direct reflec-
tion in numerous severe rocessions here.
Canadian Pacific, with a loss Of 2 5-S,
was most seriously affected. Northern
Pacific declined almost as much. Be-
fore tae end of the first hour, rally
materially reduced initial declines. Still
later some material gains were regis
tered.
The market closed firm
Daily capital journal. (Salem, Oregon) 1903-1919, 1914-07-25
MEXICAN SITUATION
LOOKS OPTIMISTIC

Washington. july 25.-Strong optim-
ism relative to the Mexican situation
was expressed in administration circles
today.
The scheduled Tampieo meeting be
tween General Carranza and PrOvis-
ioual President Carbajsl's 5 representa-
tives was counted on to result in a sat
isfactory Arrangement for the Mexico
City governments transfer to the
constilUtiOualists.
Carbaial had asked for general
political amnesty and Carranza insisted
that be would spare nobody concerned
in the late President Madero's death
but = was believed here that the form
or would not object to this exception
and policy in view of the fact that most
if not ali of the persons implicated in
the butchery had fled the country
General Villa, concerning whose at
Daily capital journal. (Salem, Oregon) 1903-1919, 1914-07-25

side or the other.
Everything went to show that, if
there should be war, the whole Balkan
peninsula would be involved at once.
Though no formal public announce
ment was made, it was considered a
forcgone conclusion that England and
France would support Russia in case
the latter interviewed between Austria
and Servia and was, in turn, attacked
by Germany. Italy, as German and
Austrian ally, was recognized as bound
to help them, but was strongly urging
arbitration today.
Daily capital journal. (Salem, Oregon) 1903-1919, 1914-07-25
ULSTER CERTAIN TO
HAVE HOME RULE

London, July 25.- Anti-home rule
leaders here declared today that the
declaration of an Orange provisional
government in Ulster was inevI.aDle.
Sir Edward Carson, head Of the anti
home rule movement, and Captain
James Craig, his chief lieutenant, were
still in London but expected to leave
shortly for Belfast, as they planned to
establish the provisional regime before
the home rule bills passage.
Many home rulers were impatiently
urging CarsOns and Craig's arrest on
sedition charges but the government
showed no signs of acting.
Daily capital journal. (Salem, Oregon) 1903-1919, 1914-07-25
Z 4 4: 4 \ 4 4 4 4 x 4 4 4 4
MORGAN OFFERING UALL
LOANS FOR 2 PER CENT.

New York, July 25.-Money
is so plentiful at this time in
the financial metropolis that
holders are making strenuous
effort to find some one to take
it.
j. P. Morgan & Co. were Of
fering call leans freely here at
2 per cent, but could not dispose
of the amount they would have
liked to loan. Old timers say
that this is far the lowest in
terest rate that the big finan-
cial firm has ever offered call
loans here.
x X X \ X X \: = X X X X Il X