davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1915-10-24
WEEK IN FINANCIAL CIRCLES

mean that American manufacturers
will be called upon to supply goods
until that time. but 1t will give the
Industries of this country an oppor-
tunity to become strongly intrench-
ed In neutral foreign fields.
Much OF the former German domi-
nance in many foreign markets has
been due to the chcapness OF the wares
furnished Two years will give ample
opportunity for South American and
other peoples to become familiar with
the merits OF the wares which this
country, produces. as well as for the
establishment OF satisfactory credit or
banking arrangements.
Similarly, with each months prolon-
CATION of the hostilities and the con-
scpucnt restriction OF imports to this
country, the newly established indus
tries here will gain a frmer foothold
and be less likely to be injured by
Competition when peace comes
Another advantage inuring to Amrri-
can manufacturers as result Of the
war is the lessons which they! are learn,
experiences and the utilization OF waste
materials. In machine shops. metal
working establishments and textile
mills examples OF standardizing that
are new may now be found and have
come to stay.
No industry probably is experiencing
as near an approach 10 a boom as the
steel trade. During the past week the
steel mills booked orders totaling ap-
proximatcly 100000 tons. Inquiries for
supplies. 1t is said. which are stin
pending are even greater In volume.
Orders for projectiles from France
md Russia. II Ia stated. aggregated a
value Of 5000 900.
The weeks orders included $4,000
tons for rails. cars. locomotives.
bridges and structural work; 30O, 900
tons for munitions: 100 900 tons on wire
contracts, 25 900 tons of fabricated steel
and $1,000 tons for marine work.
Current business in steel Is far in en-
cess of capacity, though every available
furnace. min. and foundry is pressed
into service and new high records Of
output are beng established As re
suit of this condition plants building
are being pushed to completion and new
extensions are being fevcrishly pro-
Vidcd.
Prices OF steel and iron products. ac-
Cording to steel men. are steadily rising,
even IN the face Of the extreme conser-
vatism taken In this regard IN the trade.
Black sheets. wire products, bars. plates
and shapes were all put up s. per ton
during the week.
The Washington times., 1915-10-24
IS REFUSED
BY RAIL AND SHIP
Jersey Central Railroad, Over.
wheImed, Declares an En-.
barge for Two Weeks.

NEW YORK. Oct. 2i.-Munitions and
FOOD supplies for export TO Europe con-
gest every railroad and every coast wiso
steamship line running into this city.
The Central Railroad OF New Jersey
declared n two weeks embargo against
hil lrc'ght, which 1t hopes to end next
wednesday. while the Southern Pacific
company Is refusing now consignments
Tor hs vessels OF the Sunset Route,
nth at New Orleans and Galveston.
The Lehigh and the Erie are struggling
10 clrar their sidings OF the long lines
OF cars The pressure on the New Eng
lahd railroads IL enormous. for thoy
araNerse the great ammunition belt.
Inc piers OF the New York and New
naVeh ar" now surrounded by lighters
~ wn'cn men are working night and
freight.
Aithough most Of tho railroads have
ISSUED no formal embargo, the word is
passed along all the lines to the agents
10 70 hoid PACK all the freight they can.
nc trouble ls not due 20 much to the
.ack or cars az to the pressure at the
terminals cause d by recent labor trou-
plea. About the harbor the conditions
arc a az tneir worst and the traffic man
pace with the demands OF shippers.
Strike Largely Responsible.
T. u. Rooms, vice president and gem
eral freight traffic manager of the Cen
trai Railroad of New Jersey, said last
evening that the transportation faciii-
ties for the last two weeks had been
choked and that the embargo had to be
declared In order to give the road q
chance to clear It's terminals
From Easton to New York" nc
added. one can see the evidences Of
N" tremendous pressure on this road
lhe demand for foodsturs alone Is
enormous. Tho bulk of the freight con
sists OF war supplies OF all kinds. Tho
great number OF engines from the Bald
win l.ocomotiv" Works In Philadelphia
the heaviest kind of freight. Is a big
factor' Automobiles. lathes. shrapnei
| shells guns. all manner OF munitions
ar" Cutting the system.
The business was abnormally large
even for perfect conditions. Then came
tn" strike Of longshoremen and the en-
ploH"s OF contractors controlling light
craG" In New York har3or The fact
that mon wcrc induced to stop work
Tor only q few days resulted in ptling ny
thousands Of tons Of material at al 1.-THE
freight terminals and along the water
fonf. There are steamships enough ia
larry away the cafgocs II We could only
get tho material on board.
Ship Lines Refuse Freight.
The congestion is nation wide, as Is
shown by tho conditions with which the
southern Pacific Company is struggling
W. A. Worthington. one OF the vice
| Pre- 'sidents Of the corporation. said the
congestion at New orleans and Galves-
ton was due to several causes
From California and many parts oi
the cWst and South" he said. "enor.
nous quantities Of food have been sent
TO New Orleans and Galveston for ship.
! mont to New YOk. Much OF this
freight consists OF California canned
goods. Tho steamships OF our line have
been unable To take all the cargocs Of
fered. and, therefore. at those two
ports we viii ont accept any more
freight until next Saturday"
The Washington times., 1915-10-24
EIGHTEENTH INSTALLMENT.
CHAPTER LXV.
SschiO and Michael.

-HE two rival capitals of these
mooted lands still faced one
another In a conflict rs yet
undecided Which were deep
rr in duplicity 1t had been dlffcuit to
say, but as to which surpassed in
active measures no doubt at all re-
ma med. Count Sachio. restless and
ther steps to enforce his own Will
and that of his sovereign upon the
weaker mind which purported TO gov
ern at Gretzhoffen.
1t was as Sachio had prophesied-
the sioth OF Michael left him open to
any proposition which came couChed
in fair words and which offered no
disturbing changes in his own per-
sonal plans. lie acceded rea lily
enough to the proposals of the Ora
hoffen courtier to lengthen the armis-
tice between the two warning coun.
tries with view to formal and
final peace. Readily enough also he
admitted into his own household the
archplotter of the forces OF his hered-
itary enemy: offering to the pro-
posals or the person Of Sachio neither
the stern front OF determined man
nor the cold countenance Of sus-
picious sovereign. Wax in the hand
OF the molder. Michael the weak took
into his own councils Sachio the
cunning. than whom a more trea cher
GUS SOUL never llNtu, even IN tHeSe
countries accustomed to perpetual in
trigue.
Unopposed. indeed invited. Sachio
made his way much az he liked
throughout the Gretzhoffen palace.
with whose interior he already was
more or less familiar. 1t was his plan
in case Of any challenge to refer to
the royal ruler who was his host. 1t
was his purpose to find the missing
half Of the mysterious parchment in
the hope that IT might bring him the
solution Of tho riddle OF the mystert-
Gus coin. At his leisure he proseCut =
ed search which. as he was we'll
aware. If successful would ruin his
royal host and bring down Gretzhof-
fen Kingdom In ruins about his head
Thus protected by royal safe-conduct.
he rummaged through chamber after
chamber Of the palace, more especially
in the subterrancan or half subteran-
can levels where instinct rather than
reason told him he would be most apt
to find relics come down from an
ancient and indefinite past. lie paid
special attention to that apartment
where he had found the partially de-
The Washington times., 1915-10-24
CANADIAN CAVALRY
MOUNTS EN- ROUTE
Shipment Of LOO Crack War
Horses Pass Through Boston
For Liverpool.

BOSTON. Mass. oct. "A shipment
OF l.l0N crack cavalry horses which have
been trained in Canada more than
month before being shipped arrived
here today at the East Boston pier
from Montreal
They will be shipped tonight on the
Devonian for Liverpool The steamer
kish also leaves tonight for Glasgow
The two steamers will carry total OF
1900 tons OF freight. including much
minor machinery for the manufacture
Of ammunition in England.
ON the manifests appear 5000 sacks
Of wheat. 1000 barrels Of apples. and
a quarter Of II million bushels OF grain.
as we'll as shipments Of leather. alco-
hol. provisions, and blankets.
The Washington times., 1915-10-24

Further sharp declines in the foreign
exchange market was the only depress-
ing factor in the steadily improving
commercial and financial outlook of the
country during the last week.
Tho tremendous war orders placed in
the United states. coupled with the
reduction in the number of immigrants,
has brought about what threatens to
prove ccarcity in the labor market
before the winter months have passed:
general trade has so improved that
many industrie8 in nowlsc connected
with war business are operating at
capacity. and the prospects Of con-
tinuance of the war for longer time
than many had believed possible Is en-
couraginr American manufacturers to
lay plans rtr y more concerted effort
to corral o Isrsster foreign trade.
Despite thp phicing OF the $500 900
Anglo French loan In this country. de-
mand sterling fell yesterday to 4f1, the
lowest level reached since the recovery
effected from the extreme low OF 45o,
esta blished just before the arrival of the
British and French financial commits
sion that arranged the huge credit.
In foreign exchange circles the de-
cline was attributed to the influx OF
cotton and grain bills and the fact
that exports OF munitions and other
supplies for the last week are said
to have reached the highest level
for any corresponding period In the
history Of the country's foreign
4 shipment of ss,oCo.oo worth of
gold arrived at Jew York YESTERDAY
from England and S25.O00,000 worth
Is expected tomorrow from Canada
for J. p. Morgan g. Co.. the British
governments agents. These gold
shipments have little apparent effect
in checking the weakening OF ster-
ling rates, so great are the ship
ments OF merchandise and munitions
and 1t is expected that Great Britain
will take some step in the immediate
future to arrange further credits In
New York.
Contracts for cloth and munitions
entered into during the past week
made provision for deliveries as far
ahead as the spring of 1917 evidenC,
Ing an expectation that the war will
continue until then.
II this be the case, 1t will not only
The Washington times., 1915-10-24
Optimism GrOpS Here
On Nations Prospects
Press of Entire Country Becomes More and More
Confident That Future of American Trade Is
Bright-Several Favorable Factors Seen

which gives the civic authorities a
great deal Of satisfaction.
There will be no bread line In the
city this winter.
All Indications at the present time
indicate that there viii be fewer mon
o,t Of work than for some years
past. This IL true Of wage earncrs In
almost every line ~ endeavor.
There are two funda mental Causes
for this condition. which IL exported
to he maintained throughout the
winter months. One Of them ia In
creased production as u result Of war
orders. which has given employment
not only 10 expert mechanics. but to
the laboring classes connected with
allied trades as well. This Is directly
attributable to the war.
T he second cause IL the tremendous
reduction In the number Of immi-
grants. Figures for eight months Of
this wear show a net increase IN
poDula tion due to immigration or not
moro than 1000. This is decided
contrast to a yearly average. extend
Ing over a decade. Of about 30 oco
There Is at the present time a gcr-
nine scarcity OF common labor. both
male and female. This IL true OF
almost all lines OF employment.
The effect OF this Improvement on tn.
stock market is commented upon b,
The New York Herald as follows:
Among the most reassurinr fea-
turcs Of the present market stu
alton has been the shifting Of pub-
lie favor to the higher grade steel
and metal shares. for whose val
orization there is some legitimate
excuse. Trading in the more
spectacular war shares has been
considerably reduced in volume,
and while they have continued To-
retain their hold upon the public
imagination to some extent the
disposition to plunge in them Il
at least somewhat more restrained.
Indeed. II cannot he said that the
dangers which undoubtedly exist
ri in the stock market prior to
n" general housekeeping OF y
fortnight ago any longer menace
iis security. Such movements as
that in Bethlehem steel. for in
stance: DO not threaten the gen
cral stability Of values, since they
DC not represent, the oonstruction
Insecure foundations. There -
Ecthl"hem steei The 'S'' stock % has as
been advanced 10 its present quo
tsticns by the faith Of the stock
holders in its value. supplemented
hv some very adroit manipulation.
The movement would have cot
lapscd long ago II at any point
the. market SPONSORS for the stock
had encountered anv wholesale
liauidation. The last annual report
OF the company showed a book
value for the stock of scS3 ~
share. Whether the current fiscal
year has created sufficient couitv
behind the common stock to justify
.ts present selling price is known
only to Mr. Schwab and his conf
dents. and the public Is not one Of
them. II the governors Of tho
stock exchange insisted that cor
pornttors ENJOYING the facilities
Of it's market make quarterly re-
ports Of their earnings there
would be fewer mysteries o. this
sort
The Washington times., 1915-10-24
ANACOSTIA.

The Commissioners are considering
the question Of changing the grade Of
U street. between Nichols avenue and
the freight yards of the Baltimore and
Ohio railroad. This street is about Elk
feet above the level OF tho freight
yards, and for this reason cannot be
used to any great extent.
The Washington times., 1915-10-24

n. +. Chichester. dictator OF Virginia
Lodge. No. 1876. Loya! Order OF Moose:
accompa MED by g dozen members Of
the exercises in connection with tho
dedication Of the new Moose home in
that city.
The Washington times., 1915-10-24
MT. RAINIER.

Funeral services for Carl Miller. who
died at Providence Hospital THURSDAY y
morning. were held yesterday from St
James Catholic Church. the Rev
Father Marks officiating. Interment
was In st. Marys Cemetery. Washing
ton.
The Washington times., 1915-10-24

Montgomery county Democrats are
hopping It UP In lively fashion theSe
,ys in behalf of their state and
, unity tickets. Last evening. a we'll
tended meeting was held at Pooles-
y Ne Friday evening, meeting WAS
htld at silver Spring and Friday
afternoon Il meeting was held at
CEDAR Grove. Yesterday afternoon,
Eurtonsvilie was the scene Of the
~"StoIy. Among those speaking are
The Washington times., 1915-10-24
ROCKVILLE.

The public school commissioners
hNve taken steps looking toward the
enforcement of the compulsory attend
ance law. The law provides punish.
vent for non-attendanCe or truancy.
Tie sheriff has been named as truant
o hcer.
The Washington times., 1915-10-24

A petition signed by George "
Roberts. Jerome A. D'Andelet. e. H.
Weed. James *. Sternr. George \
Palmer, and William Il. Cooper has
been presented to the board Of count!
commissioners asking for a public road
in Seat Pleasant.
The Washington times., 1915-10-24

Mr.. and Mrs. Otto +. Bohman and
their daughter. of Falconer. y. Y, have
been on an extended visit to Mrs.
Bohman's parents. Mr.. and Mrs George
+. Pyles. They will leave today for
The Washington times., 1915-10-24
Italian Steamer Sunk.

PARIS. Oct. ci-An Austrian subnra-
rine has sunk an unidentified Italian
steamship. according to Geneva DIS
patch to the Temps.
The Washington times., 1915-10-24

DIR. Francis NJ. Shickley. OF the mcdi-
cal staff OF tho Government Hospital
for the Insane. is on vacation In New
York city.
The Washington times., 1915-10-24

Mr. and Mrs. r. Clifton Howard and
daughter. and Sergeant Scott returned
yesterday from trip to Philadelphia
In Mr. Howarps automobile.
The Washington times., 1915-10-24

The Progressive Democratic Club, OF
Chillum district. which supported the
gubcrnatorial candidacy of Senator Leo
In the primaries. has indorscd the
Democratic ticket.
The Washington times., 1915-10-24
HYATTSVILLE.

The fourth annual fair OF the Baden
Agricultural High School will be held
November 4 in connection with II
farmers institute" under the direction
Of DIR. Francis Hill, DR.. Edward j.
Buchner. Of Johns Hopkin University
will make an address.
The Washington times., 1915-10-24

The executive committee Of the
bazaar to be given at the Alexandra
Light Infantry Armory for the benefit
Of the Home for the Aged. has decided
upon November i-l3 as the date for the
affair.
The Washington times., 1915-10-24

Plans for the memorial services or
Alexandria Lodge Of Elks will be dis
cusscd at 4 meeting tomorrow night
The Washington times., 1915-10-24

Mrs. G. IIaller has returned to her
home here. after spending several
months in Virginia
The Washington times., 1915-10-24

During the last week the following
appointments have been made at st.
Eltzabeth's; Motley II; Barrett. at
Fowler. attendant, Howard Hall: Ern-
est J.. Quade. to the detached service :
William II. Pitts and William f.. Dixon
laney and Samuel L.. Boyce to the en-
gineer service; Mrs Annie Bridget, re-
instated to her former position; will
liam NJ. Noakcs. attendant, Howard
han Edward j. Fttzgibbons. engineer
service; Douglas Thorne, attendant,
Howard Hall.
The Washington times., 1915-10-24

The East Hyattsvillc. Improvement As
sociation will give IA box party Novem'
ber s in the East Hyattsvillc School.
The Washington times., 1915-10-24

The condition of Finley s. Hayes, who
has been confined to his home for the
past week with the grippe, Is much i'm
proved
The Washington times., 1915-10-24

The board Of supervisors OF Fairfax
county have fixed November 10 as the
opening date OF the hunting season. 1t
will close December 81
The Washington times., 1915-10-24

Miss Lcona Thomas OF Washington
Is the guest OF Miss B. Ogle, on Newton
street
The Washington times., 1915-10-24

Mr.. and Mrs. Andrew Dent have
moved to Washington for the winter
months.
The Washington times., 1915-10-24

st. Johns Episcopal Sunday school
Will celebrate it's sixth anniversary
Wednesday with an entertainment and
social in the Firemen's Hall Brentwood
The Washington times., 1915-10-24

public IL assuming a more optimistic at
titude with regard to the commercial
future OF the nation. Several months
ago improvement in business was said
TO be confined to those Industries which
wert benefitinR from war contracts: to-
day orders are being declined IN lines
Of manufacturing In nowise connected
with the war. and the domestic demand
for oil manner OF goods Is steadily in
creasing.
This state OF affairs has lifted the
labor market out Of a state of depres-
sion and created n scarcity, and its ef-
feet II being reflected in the security
markets through the shift In demand
from spccialtics to standard issues.
The Ncp York Times Of today finds
several favorable factors on which to
comment. In brief review of condi-
tions. It says:
Taken by itself. there would not
be much Significance In the fact that
for the week ended October l6 the
exports footed up tho amazing total
OF 1894 500. tho greatest In the coun-
try's history. But this is only n sin
gle circumstance among many show
ing the prosperous trend OF condi-
tons In many lines OF manufac-
turing nowisc connected with the
making Of war materials orders for
goods are declined because produc-
ing capacity has been reached. The
transportation facilities are being
overtaxed IN the movement Of
freight. Wages In many kinds OF
occupation are being raised. and, In
quite a number. the Jobs are begin
ming to seek the men. The abund-
ance OF the harvests has been dem
onstratcd. and has led to tho on
largcmcnt OF purchasing to such an
extent that hurry orders have come
to the central markets from retail
ers In nearly every section. Those
who foresaw the duickenine Of ac-
tivity and provided for 1t In advance
will be large gamers because OF thoir
foresight.
That the wave OF prosperity Is not
local to any section Of the country. but
has now extended to all parts with the
single exception OF the South. which Is
at length showing signs OF improve
ment. is the opinion expressed by the
Public Ledger Phiisdelphia). 1t says:
Reports from Gary. Ind. state that
tho steel industries there and In the
Chicago district are running night
and day. and that war orders arc the
basis Of unprecedented prosperity.
So tho reports Of prosperity. part!cu-
iarlv IN the st'eI anu hlltu tTau's'
have been waited all the way from
New York and New England to Chi
caCo West of Chicago the farmers
hold the balance Of power. and they.
too are said TO be beaming with sat
isfaction. The Pacific coast has some
war business. too. and there remains
only the settlement Of the cotton
suituation in the South to complete
the general prosperity OF the coun-
try. At least these are the surface
indications.
Increased production brought about
by war orders. and the sharp reduction
IN the number Of immigrants has
produced a scarcity Of labor. according
to the Nc,c York Herald. In discussing
the state of the labor supply, it says:
n the world war has disrupted in
some particulars normal business
conditions. it has had another effect
The Washington times., 1915-10-24

The quarterly meeting CT the Po-
" ona Grange will be held with the
Eureka Grange In Chllum hall.
The Washington times., 1915-10-24

Bishop Harding confirmed q large
&. ISIS this morning at the parish church
| Groom, and this afternoon he will
confirm q class at the Church OF the
Atoncment Cheltenham.
The Washington times., 1915-10-24
S5,0OO,0OO PROPERTY
UNLISTED FOR TAX
Examiner Gives List Of Holdings
In Alexandria Unreported by
i Owners.

ALEXANDRIA, Va Oct. g.-Morc
than s5,000,oo0 worth OF bonds. stocks
and other Intangible personal property
owned by residents Of Alexandria city
and not reported by their owners for
taxation, have been unearthed by w.
n. Lpsconb. examiner Of records OF
the Sixteenth judicial circuit. who has
Just filed with the board OF tax review
his report Of omitted intangible prop
erty for the last five years. The exact
sum which Mr.. Lipscomb reports is
$685. ,92i In the list are included the
names of about fifty Of Alexandria's 8
richest and most prominent business
men. and several women, who have
failed to report their wealth. The
board Of taxation here has gone OH rec
ord as opposing the consideration OF
omitted taxes at this time and will
defer action on the matter.
The Washington times., 1915-10-24

The chemical fire engine and hose
which was formerly used by the Rose
mont f1re department has been trans
ferred to Virginia Highlands. The Vir-
Einia Highlands Company has decided
to tho citizens a lot q by 100 feet on
Addison avenue upon which to erect a
fire engine house.
The Washington times., 1915-10-24
LAUREL.

The MARYLAND State fair will be opened
tomorrow. and will continue until the
end of the month. AS usual there will
he a large number Of fine cattle and
chickens. as well as horticultural! and
household exhibits. Tho United States
Bureau OF Mines will have an exhibit
ton daily. A good band will be in
attendance.
The Washington times., 1915-10-24

Miss Gay ClouGh entertained q num-
bor OF friends at her home in Prince
George street this week at a dinner, at
which she announced her engagement to
Ernest "a !ral Of this town. Tho we'd
guests 0wcre Mrs. Chester Mofrct. OF
Washington; Mr.. and Mrs. Frederick
Sharcr. Mr. and Mrs. Thomas Clougn.
of Laurel; Misses Ethel Arlington.
Maude Frothingham, Viola Clough,
LrRfv Godfrey. Alice rockingham,
Claudia rockingham. Edith Frothing-
ham. Elva SakCrs. Maud Fairall, Marie
Lobster. Irene I.cistcr, Of Laurel; Mcssrs
Harry Greene. of Washington: John
Rohv, Of lerwyn; Ernest Fairall. Lo
Roy Bond. William Grinewctsky. OF
Laurel
The Washington times., 1915-10-24

Albert Miles died n few days ago in
Baltimore hospital, aged eighty
three. He is survived by two daughters
and hve sons.
The Washington times., 1915-10-24

W. @. Spates. Bowie +. Waters. SEN
ator, Blair Lee. Andrew j. Cummings,
John A. Garrett. J. Dawson Williams
and Alexander kilgour.
The Washington times., 1915-10-24

Mrs. Otis NJ. Linthicum left Friday
to visit her sister. Mrs. Frank B.
Thomas. in Roanoke.