davidaulloa/AmericanStories huggingface dataset:
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1917-01-17
FOOD is SCARCE
Situation Grown Worse in Ger
many in Last Six Months.
Can Buy Clothing Only on Or
ders From Police.

Stockholm. Jan. 1.-THE food sit
uation in Germany has grown much
worse during the last six months. ac-
cording to the experience of an Asso-
ciated Press correspondent who has
returned from a trip TO Berlin. Po-
tatoes are so scarce that this weeks
per capita ration in Berlin was less
than four and a half pounds. This is
attributed in part to the farmers with
holding shipments until February Is
when higher prices will be permitted,
buc it is not denied that the potato
crop is not sufficient TO meet normal
demand.
Cheese has not been on the market
since August and eggs are unobtain-
cents apiece.
Berlin Has Third of Milk Supply.
Berlin's daily milk supply is about
100000 litres against a normal 1000,
900 and 1t is impossible to buy cloth l.
ing, shoes, stockings or blankets ex-
cept by permission Of the police. This
latter, however, may be merely a pre-
cautionary measure as the shops ap-
pear well stocked with clothing.
Chief Burgomaster Wermuth. as
well as the heads of other cities, COM
plains that the larger towns are COM
PEELED to suffer unnecessary hardships
because the system of distribution of
foodstuffs has failed in many respects.
In some cities the situation seems to
be better than in others and a Berlin
business man told the correspondent
that he had spent Christmas week in
a Rhine city where he got plenty of
meat and bread without being re-
quired to show bread card or meat
card.
Fix Price of Steel Goods.
Berlin, Jan. 17.-According to the
Cologne Gazette the government is
about to fix maximum prices for all
iron and steel goods. The present
prices. which have recently advanced,
will be adopted as basis.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1917-01-17

Chicago, Jan. 17-BUTER-Ma Market easy
Creamery. 3112M37c
EGGS-Market lower. Firsts, 44c; or
binary rsts. 3S@41c; at mark, cases in
cluded. 3SM43c.
POTATOES-Market unchanged.
POULTRI-Aiye. unchanged
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1917-01-17
DAILY WEATHER REPORT.

Furnished by the weather bureau office.
Topeka, Kan, for the twenty -four hours
ending at Z a. N. Wednesday.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1917-01-17
Colds Cause Headaches and Grip.

LAXATIVE BROMO QUININE removes
canse There is only one ''Bromo Quinine.'
f. w. GROVES signature on box 25c.-
Adv.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1917-01-17

Kansas City, Jan. 17.-CATTLE-Re-
ceipts 6,000 head. Market steady and
strong.
and 10c higher. Bulk of sales, S10.5O0
HOO; top, s-1.05.
SHEEP-Receipts 5000 head. Market
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1917-01-17

Topeka Hay Market.
FURNISHED by r A. Beck. 112-14 East 9th. }
Topeka, Kan, Jan. 16.
PRAIRIE HAY-S900.
ALFALFA-$17.0G 90.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1917-01-17

CHICAGO EGGS-s5G 351sc
NE-y YORK EGtfS-i9N SOC.
CREAMERY BUTTER.Chicago. 39c
New York. -01ac; EigIn, 39c; Topeka whole
sale, SIC.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1917-01-17

New York. Jan. NEUTRALITY-SUSPICIOUS.
steady. Creamery, higher than extras, 40
@4012c.
EGGS-Market irregular. Fresh gather
ed extras. firsts. Sic
CHEESE-Market irregular. State held
specials, PIX @24%c:.
POULTRE-Dressed firm.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1917-01-17
TODAY'S MARKET REPORTS

Chicago. Jan. 17-WHEAT-Altho re-
ports that many ships bound from South
n setback in wheat prices today, the mar
ket soon rallied and scored moderate
advance Previous instances of successful
German operations on the Atlantic usual
ly have had decided bearish influence
but this time a humber of traders took
the view that the eject was more in favor
of the bull side as likely to cause an in
i creased demand for wheat from the United
States Leading houses We're conspicuous
! sorbed Opening prices, which ranged
from &c decline to, Sc advance were fol-
upturn. all around to we'll above yester-
days finish.
yesterdays finish to &c lower, with May
at s1.s7A to S1.S7A and July at $1.50A
CoRN&Corn was firm from the outset.
The reported wholesale sinking of vess is
| in the South Atlantic tended to empha size
{R enend ON the United States instead Of
| Argentina for corn supplies. After open
ing unchanged to Ae higher the market
| hardened to a noticeable extent
| Export demand continued. The close
was steady at lie to %c net advance
| corn. There was no temporary weakness
PRoVIsIoNs- were higher.
Strength at Liverpool helped to make the
| market here firm.
New York Sugar Market;
ste NeT 6 6sntrfue 1nn 81 Soeses Ray
refined, steady; graduated, 675.
Chicago Grain Market
Chicago. Jan. 1I.-WHEAT-May, s1.sTa4
| @1sT7s; July, S15034 01.507s September.
CoRN-May. 81 .oo14G1 ooas July. 9sAe
| OATS-May, $50 &c: July. 5515c.
PoRk-Jan-, $3c.27; May, 1925: July,
IARD-Jan., 1855: May, s1e.25; July.
SHORT Russian, s15o5; May, s15.4o-
New York Produce Market
New York, Jan. NEUTRALITY-SUSPICIOUS.
steady. Creamery, higher than extras, 40
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1917-01-17

Kansas City train Market
THE rapge OF prices for grain futures on
The Kansas City Board of Trade rs re
ported 1y Thos Myers. Broker. Colum
ban Bldg.l
Kansas City, Jan. II.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1917-01-17
Chicago Grim Market
New York Produce Marke

LARD-JaD., $15.S5: May, $16.25; July,
1857.
SHORT RIBS-Jan., s15.o5; May, $3.50,
The Washington herald., 1917-03-03
DID YOU GET YOURS? NO?

The Director of the Mint announced
yesterday afternoon that during Decem-
ber there were coined $4,000 new half
dollars, 2.4Il 200 new quarters, 6S4.ooo new
dimes. and 1904 new Mckinley Memorial
so gold pieces.
The Washington herald., 1917-03-03
new YORK BROKERS
LIQUIDATE RAILS
Activity Chiefly Confined to Stocks of
Speculative Short Interest.

(By the International News SerNiceo
New York. March 1.-TWO facts stood
out in the stock market today so prom
inently that even the casual observer
could not overlook them. They were,
first. that the strength IN activity was
confined chiefly to stocks in which there
has been a speculative short interest and'
second, that there was genuine hquida-
tion of railroad stocks. This liquidation
was confirmed by personal inquiry and
IL was proved that the sales were OF Eu-
ropean account chiefly. Whether 1t was
for the account of the allies or OF per-
sonaI investors living abroad could not
be determined. Liquidation Of a large
investment account was begun today ana
will continue for several days. In this
account are Union Pacific and New YORK
Central.
All of the important business OF the
day was done in the last hour ana was
stirred UP by the report from Washing
ton that Senator Lodge in his move for
an extra session had met such opposl-
tion as to make it sure he could not
succeed. Steel was leader on this ad-
vance with the coppers moving IN
sympathy
The Washington herald., 1917-03-03
NEW YORK CURB MARKET.

New York. March 2.-Trading on the curb market
today was marked by a general brace and there was
inceaSed activity and hardening movement
throughout the list. The threatening atmosphere
of the International situation failed to exert any
further softenng influence. United Steel hardened.
The low priced mining shares generally were quiet
and about steady.
The Washington herald., 1917-03-03
WEEKLY BANK CLEARNGs.

New York. darch 1-Bank clearfnss IN inc E, Cnl.eI
s,,,s. for the week ending March !. As reported
10 Bradstreet's Journal, New York. aggregate ~.
6esoCO. against Sl.5doOe4 900 last week and A'l'-
Ios COO in this week last year.
Following arr some Of the returns for tns "eeA'
With percentage changes showing this week as com
pared with last year:
The Washington herald., 1917-03-03
WASHINGTON PRODUCE

Quotations given below are for large lots Of good
marketable goods only Jobbers' prices higher
Lower grades may be sold for less Fancy goods
command higher prices.
EGGS-FreSh. per dcz., 81; Southern, 5la52
BUTTER-Best prirts new. per ID. IS: do. tub.
Is: process. IS; storeLacked, 8aS
LARD-Tub. pure. per NJ, l7alTE; do. COM
pound. laaIr. cottonseed oil. per FIVE gallon can.
SIS.
CHEEsE-New York. new. per NJ. Pas: Fat,
Sa25; Swiss, domestic s2a35; do. foreign. 56asO.
LIVE POULTRY Chickens. per lb 25a27; hens
per h., B ROSTERS per h.. a. ducks, per h..
20; geese per ~, l5a!6. keats. young. Ia ms. snd
over. each. Is: turkeys. per n. 27s2s
DRESSED POULTRY-Chicksns. choice per n.
8aa; hens. choice. per n. %; roosters. per NJ.
l5al4; caIons Ms. each. per NJ. 2ss30; ducks
large per b p geese. large rer NJ lsa20: TURKEYS
choice. per NJ. 2sa50 do. medium Tsr 10. q
LIVE STOCk-Calves. veal prime. per fb.. 1lallle
do medium. 10; spring lambs, fat per b., llal2;
sheep. per h.. 7as
DRESSED GOODs-Pork, small. per h. l5alsIa !;
do, heavy, per h.. IA.
GREEN GOODs-Beans per basket, 5ooal00O;
lima beans. Florida. per basket. 35Oa5.Oo: beets
Florida, per crate. l.75a3oo: Brussels sprouts PER
quart. lsa2o; cabbage. per 100 rbs. 7oOal0O; do,
new. Per basket 3.OCa325 carrots per box 125al 50
Cauifower. California crate 20s225 celery, Florida.
per crate. COASTS; cucmbers per basket 3ooa6 90
cymhlings crate 50a3 80; eggplant per crate 5Oa
4.Oo: Eale. per n. l5oa2OO; lettuce. Florida. per
basket 2.OOa5O0; okra Florida per crate, 5oai5O
onions. per 100 10. sack. lc0cal2.oO' ,eas FloTidq
basLet. 3OOa60o; peppers. crate 25Oa4.0; potatoes
bbl.. 6oOa7.50; do. Northern sack. 70OA750 rlta-
bagas Dbl. 4Ooa5oo: sweet potatoes bbl. 45Oa5 %;
spinach. bbl., 4O0a5. 90; tomatoes Florida crate
20Oa4.0O; turnps box l.5Oa2Co
FRCITS-AppIes. per bb.. 250a6. so: grapefruit
per box 300a4.0O; lemons. per box 2ja co. oranges
pr box. California. 3OOa325: DO. Florida 3oOa4OO;
piueapples. per crate 50Oa3.5o
sEEDS-Bue grass. per bushel lis: clover
alfalfa. per n. I5a6; do, alsike. per n., TacO.
red pr n, sa20 do, white per H. 8a40;
or m m 1Qa00 naP
bushel. 26Oa2.5; timothy. per bushel. 23Os2e0;
>rchaTd grass bushel. 3oa255; red-top (herd 5
grassl. per H.. I0al2
AAY-Tmothy. No. l. per ton Hooal5.00; do,
No. 2. 400; mixed. lo.00a12 90: ear corn new per
bbl.. $50; wheat. straw per ton SEQ; tangled rye
straw per ton. T.oo: long rye straw. per ton Hco:
red top. per h. 10a12.
H1DES-Green. per D.. 20: do. salted, pe- D,
30 do. dry. per n. 2sa2l; horse hides. each 65Oa
100: calf SKINS gTeen, each 35oa4O0; lamb SKINS
peen. each. l50a2Dl
The Washington herald., 1917-03-03

New York. Mar. 2-Dun's Weekly Re-
view OF Trade tomorrow will say:
Notwithstanding the uncertainty and
caution engendered by foreign conditions,
and the restraining influence Of exception
al prices. general business is of un-
equalled dimensions for the period. With
forward wants largely covered, many in
terests are waiting and future demands
are less extensive than recently. but the
financial markets are undisturbed by the
international contingencies and there is
no impairment Of confidence In the sta
bility of business. Absence of contracts
is a conspicuous feature, and though buy
ing is now limited mainly to well-de-
fined needs, pressure for prompt deliv-
cries indicates the urgency Of current
requirements.
Yet. at a time when the producing and
distributing forces should be operating
most smoothly. there is continued COM
plant OF a scarcity of labor and of coun-
try-wide delays I'm shipments through the
unppecedented congestion OF traffic. Wig
orS6s action by railroad officials and
others has brought further relief from
the freight ,tie-up and the position o!
the industries Is bettered. but movements
of materials and products are still i'm
peded in many directions. and the Difficult
ties in overseas transportation remain a
handicap. Foreign commerce, howevei
IS sustained in large volumes. consider
ing the drawbacks. and the recently an
naunccd British embargo does not imply
a suspension of exports of hides and
leather and some other important arti-
cles, as may be imagined. Certain COM
modities. including a number of food
stuffs, display yielding tendencies. though
of this weeks list. of over 300 whole
sale quotations. S. show advances and
4 rnRaGCtnn0 ~ In
ished commercial and Industrial trans.
actions appears in bank clearings, yet
during February the total at leading cen.
tcrs outside New York was 81 per cent
greater than in the same month last year
which comprised one more business day
The Washington herald., 1917-03-03
WEEKLY REVIEW OF TRADE

New York, March 2-Bradstreet's trade
review for the week says:
Trade as well as industry turned into
March at an active gait, accompanied,
nevertheless, by such restrictive infu-
ences as high prices, railroad embargoes,
poor county roads, and q tense interna-
tional political situation. New financing
exhibits signs Of uncertainty, and fresh
buying In regular trade channels disclose
caution as regards far-off commitments.
Yet house trade and orders sent in by
road salesmen-spring trade. in fact-ex-
ceeds a year ago, when currents were
running rapidly Scarcity Of staple
goods, either because of railway conges-
tion or of underproduction, is marked
and renders it difficult for jobbers to fill
orders. Retail trade is opening well. and
an early spring being expected, heavy
trade is likely. as labor Is well employed
at record wages.
Dividend payments are larger and mon
ey is abundant in the hands of the pub
lie Industry is operating at full capa.
city except where paucity of labor OF
scarcity of raw materials or fuel checks
energies. but the main point is that many
lines are sold away ahead. the iron and
steel Industry with business well into
| 1918. being conspicuous in this respect.
The railway situation has improved q
! little. and numerous foodstuffs, notably
vegetables and dairy products. have re-
ceded i'm price, partly as the result oi
| larger receipts, due to better weather anC
less car congestion. and partly because
| of boycotts by consumers. Winter whest
conditions. except in Texas, are probabl,
poorer than heretofore. due to want o.
moisture in Kansas, Missouri and Okla
1 homa- Texas has had a good rain
| Money is frmer. The West is drawing
| currency from the East.
The Washington herald., 1917-03-03
PHILADELPHIA PRODUCE

Philadelphia. March 2-BUTTER-The market
ruled steady. with demand absorbing the limited
receipts. We quote: Western solid packed cream
cry fancy specials per H.. 43; extra ilaI2: extra
fancy. 81 average extras 4Oa42 frss Sss3s; secnnds
Sass. Special brands Of prints jobbing at fs5O
EGGS-Demand fairly active and supplies
were we'll cleaned at the late decline. Following
were the quotations: In free cases nearby extras.
per doz.. IS; frsts 9.75 standard case; current
receipts. go per case: Western extras IS: extra
hrsts 975 per case frss go; fancy selected fresh
eggs jObbing at 5A4O I'er duz.
LIVE POULTRY-Fowls. as TO quality SAD
Stacy rcosters. rals; old ROSTERS, l5aI6: sgring
chickens softmeated. @la23; White Leghorns. ac-
curdinE to quality, 2laZ: ducks. TO size ard
quality 2Oa2t: geese. lsa2e pigeons old per pair.
Sa30 do Young. Tsr pair. 20a5
DRESSED POULTRY-Fresh killed dr. -ricked
fowls Il TO box. dD-pcked. fancy selected a;
weighing ~ pounds and over apiece Z3I. do 81.
pounds apiece. IA; do. pJunds apiece. 2a22.
Fowls. in barrels fancy ry-Iicked weighing 81
pounds and over apiece .; smaller sizes aa9.
Old roosters dry picked. D. Roasting chickens
Western dry picked in boxes. weighing salo pounds
per pair. 2a3; roasting chickens. Western in boxes
weighing pounds per pair. Zaa; roasting chickens
Western. dry-picked in hreh weighing to 10
rounds per lair. g roasting chickens Western in
bsuels weighing pounds per pair 2a2; broiling
chickens. Weston III boxes weighing 3ai pounds
per Tair. Sab; chickens weighing 5as pounds per
pair 2ls2; do. mixed sizes lss20; brOers Jersey.
fancy, 32a35: Other nearby weighing liza2 pound,
:2aS; fancy Western &a33 fair TO good Sa5; old
TOMS 9aa?0: common, 2laz. Ducks nearby, ZaS;
do. Western. 2AG. Geese, nearby, lSa2l; do.
Western Ian. squads per doz.-White weighing
3 to 10 pounds per dozen. 5ooa560: white weighing
pounds per dozen 4.ooaL5O do. do, pounds pa
dozen 2.4na365: do. do 6asla pounds Der dozen
25a275; dark. 2!25s2-75; small and No. ?. sOAl.oe.
The Washington herald., 1917-03-03
COTTON MARKETS.

New York. March 2-Business in cotton was not
general today but the market stronger March
and May selling at new high levels this move
ment- Nervousness created by shipping conditions
and International affairs led the eTening-up and
a withdrawal Of interest
fairly good tone displayed at the opening
in view Of Disappointing cables, and prices were
l to II points lower. the near months suffering
the largest declines.
Covering by summer month shorts became more
active and urgent shortly after the opening. Before
the end OF tie first hour. May contracts here sold
l7.lo or 80 points net higher, while July sold at
I'LL or 46 points above last nights close.
Except for the rush to cover old crop shorts and
additional emphasis placed the spot situa-
tiOn. the market showed special feature New
crop months shared the old crop advance to the
extent Of l9 to % points.
The Washington herald., 1917-03-03
BALTIMORE PRODUCE.

Baltimore March 2.-EGGS-Market weak MARY
land, Pennsylvania and nearby frsts. 80; Eastern
Shore Maryland and Virginia frsts. 50; Western
Shore (OhIol hr3ts 50; West Virginia hrsts. 2;
Southern North Cardinal frsts. s.
BUTTER-Separator. extra. per lb.. hLsaE; frsts'
RaI prints "A h. 4lhai2; frsts. 4oe4l; do. l6.
extra, I1sar nrsts 4oa4l; blocks lhs. extra. Ola
q: frsts, ea4O; dairy prints. Maryland. Pennsyl-
rana and Virginia extras 2sa29; frsts, Ga8; store
packed frsts. 2; rolls Maryland and Pennsylvania.
7as; do. West Virginia. Ea8
LIVE POULTRY-Prices per pound unless other
wise stated Chickens smooth. young. by boat,
2a3; do, choice young. By express. 4a2 do. win
ter rs and less. 26a2s do. rouge and poor. lsao.
do old hens I9; old roosteTs and staSs. l3alL
young white Pekinss %; do. Indian Runners,
yoyng. lsal9; do puddle choice. fat. l9a0; do,
Hnali poor, Isal7. Geese Maryland and Virginia.
fat, lsa0; do, Southern and Western, lsals T1r-
o; do. old toms. 23a24; do. small, poor crooked
breast Na22 Pigeons. DID, per pair. 3; do. young.
5. Guinea Fowl. young. II lbs. and up. each
,5a35: do. smaller. each. .; do. old each. 3
tatoes, White. Western Maryland and PennsylVana.
bushei 265a275; do. New York State bsrshel, 2-75a
2S; do Eastern Shore, Maryland and Virginia.
brlshel. No. l. 2.4Oa2-s5; do. nearby bushel box.
Eastern Shore. Virginia, yeTlows. per barrel
4.5Da5oo; do, Eastern Shore, Maryland and
Delaware. per barrel. 4.5Oa5.oo; do. York River.
4. .5oa5 %; n. Carolina. bbl, 5.0Gaj5O; do. ham
pers bas ISs2OO; yamS. large, trlght, smooth par
rel 35a4n Apples. Western Maryland and Penn
sylvania packed barrel, 25Oa3.5o; do. New York
state. No l. barre. 3.Oa5OO do. No 2. barrel.
20a2y0 Beans Florida. green. basket, 3oOa4ooi
do, wax, basket. 3oOa35. Beets Florida crate.
Ooa2 o. Cabbage New York State. Danish. ton,
l4OaI5O; do. Florida. crate. 4Oos5oo; do.
basket 2OOa25 Celery. Florida, crate. 340a4.oo;
CIcumbers Florida basket, koa50o ESgplants.
Florida, crate. 3OOa30 Grapefruit. Florida. To
size box 2 3a33 3. Kale, Norfolk. barrel l.Eal.75;
do native b,sbeI box Ha40 Lettuce native hox
I25al Is; do, Florida. basket 2o)a5.CO Onions.
New York and Western yellow. 100 n. sack. T. oOa
l2n Oranges. Florida, box. as to size. L75a250
Peppers Florida crate. 3.5Oa4.oO. Radishes. Nor
folk buttons basket. l5Os200 Spinach Norfolk.
barrel 4OOa50 90. Squash. Florida crate. 2oOa3 %.
Strawberries Florida, refrigerator quart 9a3O. To-
matoes Florida. fancy ripe. carrier. 32a3.T5; do.
choice carrier, 225a3.oo.
The Washington herald., 1917-03-03
Furnished by W. b. HIDD. & Co.
BALTIMORE GRAIN

Baltimore. March 2-wHEAT-Closed nrmer No.
Q rcd srDt and March. zoos nominal; No 2 red
Western spot and March. 2.047s, rominaI
CoRS-C1osed dull and nominal SPOT, LIZ
oATS-Markst hrmer. Standard whiis IfsSaI5;
Ha vhits F&AIEs&
The Washington herald., 1917-03-03
FOREIGN EXCHANGE.
q. S. Treasury Statement.

The condition of the United States
Treasury at the close of business yester-
day was:
Net balance in general fund. sS7.7o .29s
total receipts yesterday, g. 1ol. .592: total
payments yesterday. S2.lS6.226.
The deficit this fiscal year is sl6l ga. sac.
against a deficit of Sl.615.SOI last year.
exclusive of Panama Canal and public
debt transactions.
The total ordinary receipts of the
United States Treasury for the fiscal
year 1917 up to the close Of March l,
1917. sf7s 25s. .4l5.sS.
The total ordinary receipts of the
United States Treasury for the fiscal year
1916 up to the close of March l. 1916. $434.-
$50. 1900.
The total ordinary disbursements OF the
United States Treasury for the fiscal
year 1877 up TO the close Of March /,
1871 sS46.l3s .s24.l4
The total ordinary disbursements OF the
Cnited States Treasury for the fiscal
year 1916 up to the close OF March l. 1916,
siS7 434.4E.el.
The Washington herald., 1917-03-03
In the World of Finance and Trade
VERY LITTLE TRADING
ON LOCAL EXCHANGE
Few Sales Made and These Show
Recessions.


Trading was slack at yesterdays ses-
sion Of the Washington Stock Exchange.
A small lot Of Capital Traction per cent
bonds changed hands at 1O0 IA, decline
of about 1-2 point. Potomac Consoli-
dated IS brought 100 IS. slight recess
sion, and sold later at 100 3-4. Riggs
Realty 5s. long-term maturity. changed
hands at 102. gain of point. Capital
Traction was rather active at So. Rail-
way preferred was steady at 81 Wash
ington Gas was offered at 76, an odd-lot
changing hands. District National Bank
was transferred at 143.
The following review of the weeks
market situation was received yesterday
by w 3. Hibbs & Co. from S. b. b.
Chaplin & Co.. New York correspondents:
The sensational events of the past
week in the international situation have
increased the tension to such, an extent
that it is not now believed we can es-
cape being drawn into the war. The sink
ing of the Laconia has been generally re-
garded as the overt act which the Pres
ident has been waiting for. while the rev.
elations made public on Thursday con-
cerning the plots to stir up trouble in
Mexico and Cuba have been considered as
plainly indicating how necessary 1t Is for
the country to prepare for any eventual
lity.
Therefore 1t is now believed all the
markets have had such ample time to
readjust themselves to war conditions.
that it is uuestiOnabl whether any great
pressure of liquidation or serious breaks
in prices for either commodities or Sc
curities would follow an actual rupture
with Germany.
In this connection 1t is to be noted
that the administration at Washington
has decided upon a policy of merely
armed neutrality" for defensive pur-
poses to safeguard American shipping In
terests and that there is no thought of a
declaration of war being made by this
government. On the other hand it should
also be noted that the German subma-
rines have been careful not to commit
an overt act against any American Ves-
sells during the last few weeks. although
a number have come through the block
AIDED zone from British waters to this
side and a number of them have likewise
penetrated the blockaded zone with car
goes from here to French ports.
Meanwhile our Industrial preparations
are being aggressively pushed for the
proper protection of the country and 1t
never has been a stronger position hnan-
cially or its material resources better or
ganized than at present.
For these reasons and also the be-
lief that the liquidation of speculative
accounts has made such progress in the
last two months from first one shock
after another that the markets position
has been fairly well adjusted to a war
basis, there is not now the apprehension
felt as to its ability to successfully with
stand still another shock this time OF an
actual outbreak of hostilities that there
was manifested a fortnight ago"