Daily capital journal. (Salem, Oregon) 1903-1919, 1914-07-31
THE WAR NEWS CONDENSED.

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bay today.
After heavy losses on both sides, the
would-be invaders were still held in
check at Semendria.
Despite desperate fighting along the
Drina, the Servians also still controlled
the Kovatsch defile.
The Austrians, however, remained In
occupation Of Belgrade, and repulsed
an attempted Servian invasion Of the
province of Bosnia.
England was notified by its ally, Rus
sia, that the car had ordered his army
and navy fully mobihzed.
Premier Asquith told the news to the
house of commons.
He said it justified the expectation
that Germany, too, would mobilize.
What England would do he did not
state.
Martial law was declared in Ger
many.
That mobilization had been ordered
was denied, but 1t was believed to be
in progress.
Expectation Of food or munitions
from Germany was prohibited.
1t was denied, seemingly truthfully,
that the kaiser had sent 24-hour ulti-
matum to the czar yesterday.
The German government ordered
merchant ships held In port, to be
handy II needed for naval purposes.
Austria pushed reinforcements to its
frontier armies.
Russians were reported to have dy-
namited the Myslowitz bridge on the
Vienna Warsaw railroad.
It was reported Austro- Russian rela-
tons were broken.
Strategists predicted the German war
fleet would take refuge from the Brit
ish In the Baltic, where 1t would be
safe but blockaded.
English suffragettes declared truce
while foreign danger threatened,
Though France had not ordered a
mobilization, the reservists were gath
ering at their barracks.
The Italian fleet was assembling at
Chieta.
Italian warships barely missed cap
turing King Nicholas of Montenegro ) 8
yacht.
The Montenegrins were reported to
have occupied the Austrian port Of
Cattaro.
1t was understood the Greek govern
ment had signed, though it had not
published, mobilization order.
Turkish military preparations went
on briskly.
Russian warships were reported on
their way to seize German and Aus
trian shipping in the Bosphorus.
Belgium, Holland and Denmark, fear
full their neutrality would not be re-
spected, were arming to defend it.
Canada was preparing to send troops
to England and Canadian Pacific liner
was requisitioned for naval uses.
The South African British were max
ing ready to resist German invasion
British in India feared native up
rising.
Japan was ready to fight for Eng
land and against Germany in the ORR
ent.
In London Lloyds' were insuring
against an Anglo-German war for six
months at rs per cent.
Bank runs occurred throughout Eu-
rope; the London stock exchange was
closed for the first time in modern his
tory; the Bank of England rate on
weekly loans reached the unprecedented
figure of 10 per cent; discount rates
also scared, and gold in various places
was at premium.
In the United States the stock ex-
changes were closed in New York, Bos.
ton, Philadelphia, Chicago, Baltimore,
Rochester, indianapolis, st. Louis, San
Francisco and Los Angeles.
The New York metal exchange also
was closed.
The New York cotton exchange sus-
pended after a short session, and sew
eral failures were announced.
Wheat sagged in Chicago because It
was believed European blockades would
prevent its delivery, no matter what
might be offered for it.
For the same reason Portland deal
ers refused to sell wheat to Europe at
any price.
The Washington treasury department
announced it was prepared to lend aid
to any localities which might be en-
barrassed by the confusion due to the
war situation.
Business conditions in the United
States being considered sound, how
ever, no trouble was anticipated.