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About Eagle Valley news. (Richland, Or.) 191?-1919 | View Entire Issue (Aug. 6, 1914)
AUSTRIA DECLARES WAR
Decision Now With Russia Whether Europe
Will Be Involved In Conflict.
Austrian Army Is Moving Against Servia Neu
tral Powers Cling to One Last Hope of
Localizing Trouble Germany Rejects
England's Mediation Proposal.
London The Austro-Hungarlan gov
ernment declared war against Scrvin
Wednesday by n manifesto which is
onu of the briefest of history's mo
Gorrnnny paved tho way for this
declaration by announcing hor rejec
tion of tho British proposal to bring
four K)vur together In conference for
mediation. Germany explained that
her ally could not bo oxpected to sub
tnit her acta to un Europoun council un
though sho were one of tho Halkan
TIiIh announcement preceded the
declaration of war by only two hours
and gave an exhibition of tho perfectly
harmonious working of tho partnor
Hhlp between the two nations which
Htood firmly together through tho Bos
nlan crisis of 1900.
Tho center of Intereflt ban Hhiftcd
nharply to St. Potorsurg, which holds
tho decision whether a European war
which probably would shift tho balance
of power, if not rearrnngo the entire
map of Europe, In to break out. Ne
gotiation are afoot there between the
KING GEORGE,' OP ENGLAND
Would Join Russia In Case of Euro
Uusslan foreign minister ami tho Aus
trian ambaHsndor, which aro designed
to "localize" tho conflict.
The nature and progress of theso
conversations aro wrapped in tho
thlckoat myHtery, but they aro tho last
plank tho neutral powers aro clinging
to in face of a Btorm which may wash
'There is no doubt in British minds
that Austria had fully resolved to util
ize tho provaocntlon afforded by tho
Saravoyo murders to wipe tho Blato
clean of all accountB against Servia
and served an ultimatum on her which
was designed to havo no result savo
Tho next nows oxpected 1b tho occu
pation of Bclgrudo, and oven now it
may bo an accomplished fact. Ro
porta of small encounters along tho
frontier havo been portnittcd to paBB
tho censor, but military exports hero
bcliovo mobilization has already been
effected and that a thoroughly-planned
campaign Ib woll undor way.
There Ib absolutely no enthusiasm
In England for war no deslro for this
particular war which confronts Great
Britain, yot thoro is a general belief
that hor obligations to her partners in
tho triplo entente, aa woll as hor in
terests as a great European power,
will forco her to support Russia and
Franco in any stopH they may tako.
200,000 Attend Funeral.
Dublin -Moro than 200,000 persons,
standing bareheaded and silent in the
streets, saw tho funoral procosslon of
tho three persons killed last Sunday
when the King's Own Scottish Bord
erers fired into a mob in tho course of
an attopint by tho police and soldiers
to soizo arms which were being
brought Into Dublin for uho by the
Irish Nationalist volunteers, All uhops
Stock Exchange Ignores
European War Clouds
New York Tho New York Stock
exchange Thursday moved in u direc
tion contrary to that of most other
financial markets of the world. It
gave no heed to tho alormlng'condi
tlonH prevalent all over Europe, where
securities of all classes, includlng'gov
ernment funds, fell to a lower level
becaunc of the Servian situation.
Tho local market not only took
further foreign offerings in largo vol
ume, but bought heavily for its own
account, much of the buying repre
senting investment purchases of a
character more substantial than had
been witnessed for years. Tho bur-gian-hunter
was much in evidence and
with the aid of leading financial inter
ests turned tho Mdo and caused a hur
ried scrambling to cover of an aggres
sive short interest.
Reversal from recent pessimistic
conditions wn largely duo to tho more
favorable advices received from
CZAR OF RUSSIA,
Upon Whose Decision Depends Wheth
er n European War is to Break
Berlin was tho chief factor, not
only in this respect, but In the support
that market gave to prices hero.
Canadian Pacific, tho sourco of great
est weakness recently and a primo
Berlin favorite, wub taken in large
amounts at almost uninterrupted ad
vances. Tho German capital also
bought extensively of other American
shares, while PariB and London con
tinued to unload hero.
In fact, Berlin was nlmost tho only
foroign center where anything like
normal conditions prevailed, London
and Paris doing their utmost to
restrict trading, while other foreign
exchanges went to tho oxtrcmo of sus
pending operations altogether. Of tho
day's total business, which aggregated
about 800,000 shares, Berlin probably
took 25,000, whilo Paris, London,
Vienna, Amsterdam and some less im
portant eontors wero snld to havo sold
fully twice that amount on balances.
A wavering tendency was shown
hero at tho outset, with declines of 2
to 5 por cent. Ab soon ad the first
offerings wero absorbed, tho influenco
of tho Investment demand bocame
ofTeclivo and an all-round rally cnBued
which held to the close. Such reces.
sions as occurred in tho final dealings
wero ascribod to realizing Bales for
It Ib posulblo that tho gold engage
ments might have assumed larger pro
portions but for the high rutoH of In
Hiinmco fixed by murine companies.
Tho "war risk" was fixed at $5000 per
$1,000,000 un against $1250 on tho
Portland Tho war scaro In Europe
and tho higher prices In the foreign
markets was tho causo of a consider
able fiurry In tho Northwestern wheat
moVkets. Soveral buyers jumped into
tho market and by raising their bids
found a good many farmers willing to
let go. It is not known how much
wheat changed hands, but the quantity
was considerable. Tho buying was
on tho basis of 79 to 80 cents for club,
Local butter prices were advanced 2
cents to tho 30-ccnt baBis for prints.
All tho creameries did not join in the
advance, but tho now price may be
general this week. At the same time,
somo of the city creameries raised
their buying price of butter fat to 29
cents. There has been n seasonable
decline in cream receipts, and at the
name timo un incrcaso in the demand
for butter is reported.
Oregon peaches sold at a rango of
25 to 60 cents, according to quality.
Wheat Track prices: Club, 79
80c per bushel; forty-fold, 8081c;
bluentcm, 83c; red Russian, 78c; Tur
key red, 81c; valley, 81c.
Mlllfced Bran, $2323.50 per ton;
shorts, $2026.5O; middlings, $31.
Oata No. 1 white milling, $22.50
Barley Feed, $21 per ton; brew
ing, $22; rolled, $23.50.
Hny Old timothy, $1G17; new
crop timothy, 1315; grain hay, $10;
Corn Whole, $35 per ton; cracked,
Cattle Prime steers, $7 7.50;
choice, 6.75(37; medium, $G.256.50;
choice cows, $66.35; medium, $5.50
(7;5.75; heifers, $6.256.50; calves,
$68.25; bulla, $35; stags, $4.506.
HogsLight, $8(38.95; heavy, $7
Sheep Wethers, $44.75; cwcb,
$3.25 ?7) -1.25; yearlingB, $4.505;
Hopu 1913 crop, 1214c; 1914
Wool Valley, 18i20Jc per pound;
Eastern Oregon, 1620c; mohair,
1914 clip, 27ic
Cascara bark Old and new, 4Jc per
Grain Bags In car Jots, 88ic
Vegetables Cucumbers, 75c per
Back; eggplant, 15c pef pound; pep
pers, 10121c; radishes, 1517ic per
dozen; head lettuce, $1.75 per crato;
artichokes, $1 per dozen; tomatoes. 60
65c per crate; spinach, 57c per
pound; rhubarb, 2f3c; cabbage, li
2c; peas, 5(6c; beans, 46c; corn,
$1.351.50 per crate.
Onions Walla Walla, $2.50 sack.
Green Fruits Apples, old, $11.50
box; new, 75c$1.50; apricots, 7Gc
$1.25; cantaloupes, $1.752 per crate;
peaches, 2575c per box; plums, 75c
(ii$1.50; watermelons, ll15c per
pound; cosabas, $2.50 per dozen;
pears, $2 per box; blackberries, 75
90c per crato; grapes, $22.25.
Potatoes Oregon, new, ljc pound.
Eggs Fresh Oregon ranch, case
count, 2323c per dozen; candled, 26
Poultry Hens, 1415c per pound;
springs, 1617c; turkeys, 20c; dress
ed, choice, 25c; ducks, 10 11c;
Butter Creamery prints, extra, 27J
30c per pound; cubes, 2124c.
Pork Block, lllljc per pound.
Veal Fancy, 13i14c per pound.
Seattle Butter will advance 2 cents
per pound for thia week, jobbers at
last being compelled to yield to tho
diminished supply of cream and the
conditions that havo long prevailed in
other largo distributing centers.
There has been considerable cheap
butter on tho market, one lot of 300
cubes being offered, but without sale,
around 22c, cubo basis. This grade
serves but tho one purpose of demor
alizing tho market without accom
plishing any perceptible price changes.
Tho failure of the cream supply has
forced on n firmer tone, and tho out
look for next week, with still further
reductions in butterfat is steady.
Poultry Hens, 1517c per pound;
squabs, $2.503 per dozen; 1914 broil
ers, livo, 1925c; per pound; duck
lings, 1415c; old ducks, live, 13
14c; geese, live, 1616c.
Butter Washington creamery firsts,
cubes, 28c por pound; do. bricks, 29c;
city creamery, bricks, 29c; Oregon,
28c; jobbing basis, 2512Glc
Dressed Veal 15c per pound.
Dressed Hogs Whole, packing
houBo, 13c por pound.
Dressed Spring Lamb 13c per
Dressed Mutton 10llc per pound.
Beets New, $1.50 per sack.
Cabbago Local, $2 per cwt.
Corn Green, local, $1.251.50 per
box of 0 to 8 dozen. ; $2.252.50 por
CarrotB Locnl, $1.50 per sack.
Cauliflower Local, $11.25 dozen.
Celory Local, 75c$l per dozen.
Peas Local, Telephone, 40c lb.
Potatoes Local, lc por pound.
Spinach Local, 75c por crate,
Squash Local, 3c per pound,
Tomatoes Local hothouse, 75c
Turnips Now, white, f 1.25 duck,
ALL EUROPE ON
FULL WAR BASIS
Faint Peace Hope Seen in New
Negotiations of Russia.
Communicalionn Cut Off Between
Countries, Trains Halt and
London An extraordinary council
of ministers held at Pctcrhof, accord
ing to n St. Petersburg dispatch to the
Times, was confronted Saturday night
with a modified situation, resulting
from assurances by the German am
bassador, following messages ex
changed between the Russian emperor,
tho Germah emperor and King George.
The impression among the ministers,
the dispatch adds, is that Germany is
disposed to bring influences to bear up
on Austria to resume diplomatic con
versations on grounds acceptable to
the other European powers, and there
Beems some hope of a compromise.
London There are only two factors
giving the faintest hope of averting a
general European war.
First Russia and Austria are en
gaged again in direct negotiations.
Second Both Great Britain and
France are using their utmost endeav
ors in favor of peace.
On the other hand, Russia has or
dered a general mobilization and Ger-
Orders State of War in Germany.
many has declared a state of siege,
which is undoubtedly a prelude, if it
does not cover, mobilization.
France has not yet mobilized, but
cabinet councils, which sat until late
at night, issued decrees establishing a
moratorium and taking other action
which could only be determined upon
the eve of war. Unofficially the
French army is being virtually mobil
A circumstantial, though as yet un
confirmed report, published in Rome,
says that Germany is about to demand
from both Russia and France the im
mediate cessation of mobilization.
Yet another rumor has it that the Ger
man ambassador has notified the
French government of his departure.
Great Britain is practically, though
not officially, mobilized, and the small
er European states, as a precaution,
havo ordered the mobilizatoion of their
armies Belgium, Holland and Switz
erland, to protect their territory from
being used as a highway for the bel
ligerents; Norway, Sweden and Den
mark to guard themselves on general
Noted Socialist Leader
Is Slain in Restaurant
Paris Jean Leon Juares, tho noted
Socialist leader, was assassinated Sat
urday night when dining in a small res
taurant near the bourse. The assas
sin was arrested, but refused to dis
close his identity. Later ho was iden
tified as Raoul Villain, 29 years old,
and said to bo tho son of a clerk of
tho civil court at Rheims.
Tho minister of tho interior, Louis
Malvy, on learning of tho crime, left
tho mooting of tho council and ordered
precautions to be taken to prevent
M. Jaurcs was seated at a table near
an open window, facing tho Ruo Mont-
martre. chatting with several bociausc
deputies and tho editors of tho l'Hu-
manlto. As though uy prearrange
ment, the curtain covering tho window
wub lightly brushed aside and a hand,
holding a revolver, was thrust
Before M. JMUroa could move ho re
ceived two bullets In tho head,
Among Wheat Traders
Chicago The wildest scenes wit
nessed in tho wheat pit of the board of
trado hero since tho opening of tho
20th century were precipitated Wednes
day by Austria's declaration of war
Transactions totaling nearly 100,
000,000 bushels sent prices skyward,
the net rises being from 8J to 9i
Stories of fortunes made and lost
were numerous, the most specific case
of sudden riches Being that of a here
tofore obscure trader, who actually
pocketed $25,000, which he had netted
in an interval of exactly five minutes.
Hundreds of spectators thronged the
galleries watching the traders strug
gling in the pit.
The uproar was plainly audible in
the streets surrounding the board of
Although failures were momentarily
looked for, there were none announced.
Margins were being called for right
and left, and to such a wide degree
that it seemed certain the volume of
business would be greatly restricted
regardless of how high or low the
market might go.
The risk of speculating at all in such
a frenzied market formed strangley
one of the elements that promised to
bring about speedy order, notwith
standing that the close was at the tip
top of the excitement, with prices at
the highest pinnacle reached.
How hazardous the situation was
deemed was shown by the action of
leading firms in demanding that all
customers put up margins of 20 cents
a bushel on every trade.
The first throb of excitement was
given when the news came that quota
tions had been discontinued at Paris.
Bullish feeling rose rapidly after ad
vices weie received that Germany
would stand aloof from any peace con
ference. Even after the bulletin of
the declaration of war there was a
check in the shape of a report that
Servia had conceded everything asked.
It was the dispatches later seeming to
involve Russia and Great Britain that
carried speculators completely off their
In the end the market resolved itself
into a spectacle of bulls frantically
selling to bulls.
France Quietly Preparing
for All-Europe Conflict
Paris The French government and
people appear to be quietly preparing
for war. The government is simply
awaiting the decision of Russia.
Troop trains are ready and repre
sentatives of the army are on duty in
the telegraph, telephone and post-
offices. Large posters on the bulletin
boards in the postoffices, city halls and
other public buildings will apprise the
soldier citizen of exactly the hour
when his instructions become effective.
The cabinet met late Tuesday and
received reports from ministers. If
any decisions were reached they have
Been kept closely guarded. Abel
Ferry, under secretary of foreign
affairs, who took part in the cabinet
council, is on his way to Dunkirk to
meet President Poincare.
According to what is believed to be
responsible opinion, there remains the
possibility that when Austria has oc
cupied some Servian territory she will
in a day or two announce her intention
not to proceed further, but to hold
what she has taken until Servia gives
competent guarantees that sho will ob
serve Austria's wishes.
Russia would not then be likely to
intervene, it is argued, except diplo
matically, and negotiations appear to
be going on at the present time be
tween Austria and Russia.
On the announcement of war Paris
became animated. There were patri
otic demonstrations in the capital and
many other cities throughout the re
public, but there were also demonstra
tions against the war.
Fear of Gold Drain Allayed.
Washington, D. C. With nearly
$1,800,000,000 in gold coin and bul
lion stored in treasury vaults and about
$600,000,000 more of coin in circula
tion, treasury officials say that tho
United States had no causa for alarm
over the tremendous shipments of gold
from New York to war-clouaeu Jfcai-
ropo. secretary aicaqoo expiaineu
that tho country never was In a better
position to send some of its millions
aboard and declared there was nothing
to fear from the drain to meet Euro
No Filibuster Intended.
Washington, D. C Senate Repub
licans, in conference, decided not to
fillibuster against the trust bills.
Thoy aro oppod to them and will say
so In speeches, but their main purjoo
Is to bring about adjournment as soon
ks possible, When the annate con
vened Wednesday dlncumlon of the
trado comrnlnilon bill was reaumed,
War News Makes