SIX THE DAILY CAPITAL JOURNAL, SALEM, OREGON, THURSDAY, AUG. 24, 1916. Stock Market Recovers on Heavy War Demands r 3 I rii TURKISH BLEND CIOARBTTBS Cmm Ii rim mm fr iMmimtmncunaw E AND WELSH MINING Champion and Challenger Getting In Shape for Great Fistic Battle Colorado Springs, Colo., Aug. 24. As tlio date for the scheduled Labor day buttle for the lightweight championship between Freddie Welsh and Charley White draws near, both champion and challenger plan to increuse their daily : boxing routine. Twenty rounds is tliOj scheduled distance and a grauuul tuning to the marathon routs will be the pro- Following his threat to "strike" if compelled to work out in the same build- mi; with the champion anil a peaceful j adjustment of the difficulty on Iho ba sis t lint Welsh and his followers would be barred while the challenger was go ing through his pace. White yesterday did his first real boxing since his fight with Matt Wells In Boston several weeks ago, Two rounds with Hteve Don nelly and two rounds with llnrrv Brum- er, were his first efforts In this line, i The challenger appeared to be in great condition at the finish of his day's j work. Welsh, in addition to his concession to White, showed up a half hour luter and boxed five rounds with Rattling Kcddy and two rounds with Benny Ch.ivez. linpid strides nre being made on the construction of the big arena and it was announced the building will be complet ed and turned over to the promoters iiext Monday, a week before the date of the fight. Big Featherweight Battle Cleveland, Ohio, Aug. 24. Witj challenger George Chancy due to ar rive here from his open air camp near Itultimore tomorrow, fight fans here today took keen interest in the training routine of featherweight champion Johnny Killinne, who will meet the Kaltimorenn in a fifteen round battle at Cedar I'oiut, Labor Day, Killinne is training in real style. Duily at 7:30 a. m. he takes a six mile jog along the Kdgewator boulevard. Alter a hearty breakfast he works t'.e ropo and punching bag for an hour or mi, In the afternoon he spars a few rounds with one of his rough shod partners. Despite the fact that another com print has been filed with state author ities against the tight, arrangement went steadily n today by t'.ie mana ge! a of the mill. Nobody takes the matter sermusly except those who made the complaint. 11)5,000,000 BUSHELS CANADA'S WHEAT CROP Toronto, Oat., Aug. 24. Returning from a tour of inspection in the west, .lames Cnrruthers stated today that he thought the wheat crop of Canada would amount to 105,000,000 bushels. Euily tak aJ tut . 'jmT rifle III jrff' jy tftktYnAkwdofliim full jflWJ fifjjt'jrjr CON kti .ft.a mar UliU ( kit kmd tk. f.tW tuat. fljJf 'nL'S MW takiM M H tk (m(K-mmpr A trim fir m.4 Htd)M I'm. 11 A 'W R.iMl. UMC Af4iM .irlCrtriJ.(r..r.l. H.uarlfM, IllJ'.KJII C J ,7 yvr fan REM OIL. Mali'M M iWr StUtnt, Ltlrimmt mmj RM iS' wit Sold by your home dealer and 679 other leading merchant In Oregon THE REMINGTON ARMS UNION METALLIC CARTR1DCE CO. Woolwwtk BlUi, Nnr rT; ' tm Cool and com' fortable to throat and tongue a SENSIBLE cigarette. Jlf r"TT?TTTTTTTT TTTT Tinker and Zimmerman Have War of Words Pacific Coast League Standings. II. L. Pet. I.M Angeles 7(5 Vernon 78 Sun Frnnc.sco 71 Salt Luke C4 Portland 5tl Ouklund 51 55 til (17 CIS Sti .5so ; .501 .514' .500i .459 I .380 Yesterday 'a Results. At Vaughn street salt Lake, 7; I'ortliuul, il. At Han Francisco Oakland, 2; I.os Angeles, 1. At l.os Angeles Vernon, 2; Sun Francisco, 0. Chicago, Aug. 24. With- the trouble between Hicne Zimmerman and Alan-' nger Tinker of Cuba brought to a head today as a result of ther row yesterday, trailing of the "great Zim" is now considered likely at any time. "llciuie Zimmerman is through us a Cub," Tinker said after he and Zim merman had a ruii-in during yesterday's game. Tinker was giving Zimmerman some advice when the latter told Tink er "go chase yourself" or words to that el i'ect. Tinker fined Zimmerman $50 and suspended him for 10 days. "He'll never piny on the Cubs again, as lung as 1 am manager," he declared. Manager McGrnw of the (liants made a trip here from New York yesterday for a conference with Weeghninn and Tinker. It is said he made them sev eral offers for Zimmerman, but no con firmation of this could be had. Weegh mnn refused to comment on the row be tween Tinker and Zimmerman. San Francisco to Raise Bread Prices Han Francisco, Aug. 24. Even the patrons of tho "coffee and" establish ments may be hit by Cue increased cost of living, for following na increase of three cents a dozen in the price of doughnuts, buns, and similar pastry decided npju by the California link ers association, these establishments are today k'onstderlug cutting down the usual quota of " sinkers" furnish ed with a cup of coffee in order to meet the rniNe. j The bakers havo decided to leave bread at the five ceut n loaf price, but the loaf will be smaller. Loaves leav ing the bakeries will weigh 12ii ounc es, instead of 14 ounces or more. If another cent is added to the price of flour, though, the baketa say they will be compelled to abandon the five ceut loaf and put out a somewhat larger loaf for a dime. TIIE AUTO GOT HIM Rockford, III, Aug. 24 Roy Mihignn, ago 21, was dead here today as a result of a piece of glass from a broken auto mobile wind shield piercing a lung when his ninchino collidide with a taxi cab. The servant girl trouble is demon st rated by the woman who is worried to death either because she lias one or tie cause she hasn 't. rtm fir). HtmmrlaM. Sulii totkr witbawl ImU Yxk EM m9 r IM IM New York, Aug. 19. Quite a revival developed on the stock exchange, the market being more active and stronger than for mnny weeks. Directly and in directly the war again proved the chief stimulus. The resumptioa of war or ders decisively affected the munition group, and the general market stiffen ed under the success o'f a new British loan; while railroad shares were visibly affected by belief that there would bo no strike. The consumption of ammu nition in the present cruel war staggers imagination; but Great Britain now seems able to supply her own wants, both as to shells and guns, and inti mates that she will sooa be ready to as sist her allies in this respect. Never theless, both shells and guns are being consumed upon a stupendous scale, and bigger repeat orders are coming to American manufacturers than ever an ticipated; all of which docs not protend an early end of the war. Such orders arc being placed with greater discrim ination than in the earlier stages of the struggle, and are going chiefly to large and responsible concerns whose products have stood actual test. While new or ders are being placed upon a better business basis, and are not encumbered by such extravagant commissions to promoters as marked early contracts, there is still a handsome profit to con cerns which obtnia these orders and which, needless to say, mean continued activity and prosperity for the Amer icna steel industry iiito 1917. Some munition concerns are being dismantled of their war machinery; usually those whose profits were below expectations or those whoso output had not proved satisfactory. The evident prolongation ot the war means a continuance of big exports, further imports of gold or se curities, also additional big credits to the allies; all of which we can readily hiuidle, thus pointing to continued pros perity. As already intimated in these advices, when the war ends our steel plants will be occupied for some time in satisfying reconstruction demands of F.urope, where ruilroads, industrial plants, etc., will have to be immediately restored, particularly in France and Belgium. On this account alone, many millions of steel products will be sold to Kurope when peace is declared. Strike Seems Impossible. At this writing, it is impossible to an ticipate the result of the great contro versy between the ruilroads and their employes. The consequences to both sides of a nationwide paralysis of traf fic are so grave and momentous thut u strike is regarded as almost impos sible, because neither side really cures to deliberately face the consequences of nn aroused public indignation. J'er haps the threatening attitude of the uu ious has not been taken with sufficient seriousness; but in uny event, the vig orous initiative which Presideut Wilson showed in aiming for a settlement hud n quieting effect, and was undoubtedly a prime factor in snving the country from serious trouble. The difficulty will probably be adjusted by conces sions on both sides. Fortunutely the de mands come upon the railroads at a time when thex nre fairly able to meet them, if present volume of tariff is maintain ed; but the crisis reveals the fact more strikingly than ever that relations be tween the ruilroads ami the government or public nro at present upon a basis of injustice. Nome readjustments must be made if the railroads are to prosper and maintain their ability to attract capital for necessary improvements nud expansions. Under present conditions, railroad owners work for u wugo thut the government restricts, does not pro tect, nor allow compensation for in creased costs of operation; while rail road labor is free to force its claims upon railroads to a degrco that threat ens bankruptcy for the corporations and unheard-of inconvenience and damage to public interest. . One side has responsi bilities and restraints which it cannot escape; the other has neither nad is dis posed to wield its power recklessly. biocks oieaay Market. The formal announcement of a loan of CAPTAINKOENIG (Continued from Page 1.) been seen by nnv other vesel. It wss 3 o clock yesterday afternoon when the IVutschlund anchored in the neser river, ofter a short stoi) at Heli goland. Word of her coming was tel egraphed to Bremen and the city was instantly bet'lugged. Messengers were dispatched to the iioaies of members of the Deutschland 's crew and bells were runii throughout the city. Two thirds of tho city's pop ulation guve the submariners a great ovation when they drew up to dock at 7o 'clock. There wcro affecting scenes when the Deutschand 'a sailors, pass ing through the crowd that Bwnrmed in about them, were greeted by relatives. la some instances, families of the sub mariners knew nothing of their depar ture on it an adventurous trip until alter their arrival in America. The men were ull iu good health and showed no signs of having undergone any hardships. Waa Slightly Dmwgtd The Hague, Aug. 21. The subma rine lViitschlnnd was slightly damag ed on her return trip Irom the United States, according to Bremen dispatches today. She took too same route on tice or a reduction of its capital stoca the return trip us on the voyage to from $500,000 to ii0, 000. Far value of Baltimore, members of the ciew stat-1 the association 's stock has been reduced ed. j from $25 a share to $1. The Bremen dispatch also carried the statement that the sniimarine Bremen,' Applications were received by the sister ship of the Oeutschlnnd, only public service cnmmisisnn this morning lett for America a few days ao. She, from the Buehner company of Marsh was held in port until the Deutsche field for authority to cross four county land's owners received positive infor-j roads with a line' of railway which the mntion that the Oeutschland had elud- company is building near Lakeside for ed the British patrol along tho Atlan-1 logging" purposes. tie coast and probably would reach I llcrmany satVly. Insurance Commissioner Hnrvev Captain Koenig is being lionired bvj Wells todnv revoked the license of John the Uremeii crowds as a national hero..r Jessup.'an insurance agent who has The Deutschland brought three bags Wn r0IlrM,,,iMI illil(,rnilC0 companies of mail from Ambassador Bernstortrj i thin utate. and requests the citizens and a cargo of rubber and nickel vol-,Bn, mllks of ,hi to lmv(1 nothinji tied at a million dollars. to ,,0 with him h(, u ot ow nutlor. laptam hoeing said the I nited WfyX ,0 rPpr(,wnt U11V company or sell States not only protected the submarine , !nllrnnP(. Tho ,.ommissioner would a ui every way in her departure but in- illt( infoTmntion , to ,lia creased precaution, after a British war- ;.hrihou,i He is a middle aged man. ship entered the port of Baltimore onc8l) , f t , . h abou, JS0 pight, presumably to recoiinoiter, ' " $250,000,000 to the United Kingdom is an important financial development from two viewpoints. Or the $300,000,- ! 000 of securities that are to constitute the collateral for this large traasaction, one-third, or approximately $100,000,- j 000, represents high-grade American bonds and investment stocks that have been accumulated by the British treas ury in pursuance of its mobilization plan. Ihese securities will now neces ! snrily bo removed from probability of sale during the two-year period that the new notes will run; they will no longer 'constitute a threat to the general stock , exchange price level. The loan 's sec ond influence, to which reference has al l ready been made in these advices, con templates the favoriag results to the market that are not unlikely to accrue from the efforts of the large financial interests who as underwriters have such a practical incentive to make it a suc cess. The efforts o'f such interests un der these circumstances are very apt to be encouraging and promote a favor able speculative and investment atmos phero in the general market for securi ties. The remainder of the $300,000,000 col latteral in the new British issues will consist in round numbers of $100,000, 000 of Canadian government and Can adian railway bonds, and au additional $100,000,000 will take thejorm of bonds and other obligations of Argentina, Chile, Norway, Hweden, Switzerland, Denmark and Holland. Aside from the similar class of securities contained in the collateral for the more recent $100, 000,000 French loan, the distribution of bonds of foreign governments and of bonds representing foreign activities, is a new and important development 'for American investors It is, however, merely a beginning that means a furth er active broadening of New York as a world market for finance. Other loans nre to be raised in our own country by the entento allies. Their number and volume will be limited only by the dura tion of the destructive conflict and by the final volume of the supply available of American cnpital. A clear indica tion of this is contained in the revision of the British chancellor's mobilization plan. As modified, the F.ngli-sh treasury is to receive on deposit for a period of five years a new list embracing securi ties $3,000,000,000 in value, the list com posing 70 high-grade foreign bonds, In cluding among others those that are to constitute part of the collateral for the new loan thut has just been arranged here. Thus it is obvious that the British government has ample collateral readily available to seek additional fin ancial accommodations in America. Crops 10 Per Cent Off. TTenceforward, financially speaking, we must look out and not in, and ac custom ourselves to larger truasactoius than have hitherto been the rule. To us the $250,000,000 loan appears to be a matter of very considerable importance, yet is small compared with Great Bri tain's totnl borrowings which, since the war, hnve reached nearly $15,000,000, 000. Tho loan recently granted in New York would ouly pay Britain's war ex penses for about eight days. Iustead of thinking in millions, we are obliged to thing in billions. Following the recent rapid rise in a few shares somo reaction resulting from profit-taking may occur, but the geaeral undertone is good and based upon gen eral industrial prosperity, which seems quite adequate to offset a poor harvest. The general results ia crop yield, not value, are expected to be about 10 per cent below last year; aud yet in spite of this drawback the railroads are an ticipating a car famine owing to the tre mendous pressure of industrial traffic. With big exports ahead, active business enst of tho Mississippi, ensy money ev erywhere and generally sound business conditions theie is little to interfere with stock exchange activity. Tho la bor situation is still regarded as serious, and much will depend upon the outcome of the president's efforts to prevent a railroad strike HENRY CLEWS. ; STATE HOUSE NEWS t A certificate of nomination by iudi vidual electors was filed by Orover J. Duffey, of Moro, for office of district attorney for Sherman county at the of fice of Secretary of State Olcott yester day afternoon. The following accept ances of nomination were also filed: Bernard Duly, I.akevlew, democratic candidate for circuit judge, Fourteenth district. E. L. Van Dressar, Portland, democratic candidate for public service commissioner, western Oregon dis trict. The uublic service commission will hold a hearing at Burns tomorrow on tho petition of certain business men of that sectiou asking that two telephone companies now operating there be re quired to combine their service under one rate. The Jtt. Scott Cemetery association it rortlnud, has fi'ed at the office of j the state corporation commissioner no- Hobson's Closing Out Sale Continues Here are some rousing Specials for the benefit of Hop Pickers. A regular 15c heavy tin 3-pint Coffee Pot, now . . . . . . 10c Regular 6 for 10c Teaspoons to clean up, now 6 for 6c Regular 3 for 10c Tablespoons to clean up, now 3 for 6c To clean up Knives and Forks, good grade 10c, or 3 for 25c Frying Pans, good grade 10c, or 3 for 25c Frying Pans, good grade 15c, or 2 for 25c Canvas Gloves, to close out 10c, or 3 for 25c News of Special Notice Some Laces to close out at less than manufacturer's prices. Come early as these will go qiuckv Regular 15c values Shadow and Torcian Laces, to close out at 5c per Yard Regular 25c Shadow Laces, to close out at 15c per Yard Regular 25c Corset Cover Shadow Lace, a few yards left to close out at 15c Yd Hobson's Sc, 10c and 15c Store 254 North Commercial Street Salem. Oregon If You Want Peaches You Will Have to Go for Them The women of Salem who want to put up peaches this year will have to get a hustle on, or get left. There is practically a failure of the crop over the entire const, nud consequently the de mand is something fierce. Tortland is after every orchardist in the state who owns a pench tree to get his crop, and the supply formerly depended on from The Dalles and Yakima country are not existent. Southern Oregon is sending what she has in this line to San Fran cisco, where the demand cannot be sat isfied. The weather here is ripening the crop so fast there is considerable loss. Talk ing to I.. H. McMahon, who is one of I the biggest growers of peaches ia the county this morning, he said: "Youi can tell the good housewives of Salem that if they want peaches to put up thisj year they-will have to go to the or-j chards for them. With the present hot spell it is also necessary that they go ; quickly, for the crop is going rapidly ; and will soon be gone. Mr. McMahon says there will be very few peaches brought to the city for the reason that buyers are at tho orchards grabbing all the fruit as fast as it comeB from the trees. "Peaches is peaches this yea r." ILLINOIS HAS QUAKE Cario, 111., Aug. 24. No damage was done by a slight earthquake shock felt hero today. The tremor lasted but a few secondB. pounds and wears aa artificial arm with glove. With orders on file for 832 closed cars and 4(15 open cars, the car shortage situation on the Cortland division of the Southern Pncific. shows no improve ment according to the latest report re ceived by the public service commis sion. The report shows the following cars received during the past 24 hours: 27 closed under load, 0 closed empty, 4 open under load, 22 open empty. On band: 22(1 closed, 02 open, empties; empty under load, 217 closed, 02 open. A copy ofthc minutes of a meeting of the Descliutes Land company, in which J. E. Morson is the nctive agent, has been received at the office of the state engineer. At this meeting the company voted a $30,000 bond issue to raise funds for use iu developing the west unit of the company's holdings. A mortgage covering 1,040 acres of land and the water right of 2.15 acre feet per acre has been givca to the Portland Trust company. The appointment of a senate commit tee to examine into the matter of fed eral regulation of railroads and other public, service corporations has aroused the state public service commission of Oregon and other roast states to take action protesting the proposed reform. A meeting of representatives from the various public service commissions may take place soon. It is the contention of the state commissioners that local bod ies are in a position to deal more effec tively w ffli questions looking to control of railroads than a federal body would be. TOURNAMENT SALE SPECIAL PEICES ON Tennis Rackets WEIGHT ft DITSON and DRAPES & HATNABO 20 Off Chairman of Party in Wash ington Quits Because of Hughes Indorsement Seattle, Wash., Aug. 24 Mrs. Frances C. Axtell, of Belli ugham, former mem ber of the state legislature, today re signed as chairman of the congressional union for the state of Washington, now known as the women's pnrty. This action was tukea by Mrs. Axtell as a protest against the women's party endorsement of Charles E. Hughes. Mrs. Axtell, who is a progressive and the candidate of the party for congress in her district, declares herself for President Wilson. "Neither party has stated specifical ly a declaration in favor of the Susan B. Anthony amendment," said Mrs. Ax tell todnv. "We of the west, knowincr that such amendment must depend upon J a twp-third vote ot a new congress, regardless of Mr. Hughes' belated decla ration for it, advised taking no action regarding presidential candidates and devoting ourselves to the coming con gress. "In this view we were not supported by the national officials who really have no understanding of western con ditions. "Since, to comply with their'request would mean an effort to return all of the reactionaries to power and the western states would run the risk of losing the ground for which progres sives have fought, for the last 20 years, and as suffrage would gain nothing by so doing, because reactionaries in both parties nro always opposed to woman suffrage; and since all that would be necessary for republicans to do would be to bbv they stood by the party plat form and not by Mr. Hughes' state ment; and since prohibition and womaa suffrage have bcea settled in this state on a perfectly non-partisan basis and in each of the 12 suffrage states there has-been aa adherence to this standnrd, I find that I must resign this office." German Catholics Would Defeat Wilson New York, Aug. 23. President Wilson was criticised tonight in a res olution passed at the closing session here of the German-Roman Catholic Central Vereia for having "preferred charges" in his message to congress "against a part of our citizenship, who heretofore enjoyed the proud distinc tion of unquestioned loyalty and pa triotism." Action on the resolution was taken only after there had been a heated debate on the question of the propriety of a religious organiza tion "entering into politics." The reso lution, presented by a committee head ed by joseph Matt, of St. Paul. Minn., was as follows: "Without precedeut in the history of our country we find the president ef the United States publicly in his of ficial message preferring charges against a part of our citizenship who heretofore enjoyed the proud distinc tion of unquestioned loyalty and patri- uusm. "We regret this utterance and de plore its effects, especially- in view of its general character without substan tiating facts, as such utterances com ing from such high sources are calcu lated to foster unfounded suspicion and mistrust of a large element of our American people and imperil their con siimmattion of a program of social ef ficiency in our country." I Alphon-se G. Koelble. resident nf the Vnited German societies of America, in a speech urging the passage of the resolution, declared: "We have been accused of being false to the flag, the flag for which we bled and died. Although I play aa safe as any one, I am in favor of tnrnimr against this infamous attack on our character." Joseph Frey, president of the Central Vereiu, objected to the resolution on the ground that it would be construed as an attack on the candidacy of the (Continfled from page one.) against Seres, a city of 35,000 inhab itnnts, has created a new and more crit cal situation at Athens. If Seres falls, the Bulgajs will have practically cut off all the Greek troops operating in eastern Macedonia, a territory highly prized by tho Bulgarians. These Greek detachments, in the event Greece enters the war, could rejoin the main Greek army only by a march along the sea ' coast and across a narrow isthmus form ed by Tachino lake aud the sea. Greeks Are Retiring. London, Aug. 24. Greek troops around the ancient city of Seres nro evacuating their positions and retiring; southward under orders from the Grsck government, said an Athens dispatch this afternoon. The retirement was ordered after Greek positions had been heavily bom barded by the Bulgarians for several hours. The Greek commander in the Seres region, who prepared for a determined; resistance, as the Bulgarians approach ed the city, was apparently overruled by his superiors at the captiul. . deiuyed official statement from the Bulgarian war office this afternoon claimed further progress in the fighting near Seres and declared the allies were retreating along the right bank of tha Struma. The German war office, how ever, admitted that on the allies' left wing the Serbians have cheeked the Bulgarian advance by obstinate resist ance. An official statement from tho French war office reported the Serb ians pushing back the Bulgarians at some points. The Balkan operations again eclipsed in interest news from other war thea tres today. There was a deadlock in the fighting on the eastern anil western fronts. Gorman Attacks Repulsed. Paris, Aug. 24. The German at tacks near Soyecourt, south of tho Homme, preceded by intense artillery fire, were completely repulsed by the French in last night's fighting, it was officially announced today. The first attack, by German grenado parties, was repulsed by machine gun and infantry fire. The Germans retired while their artillery, prepared the way for a second attempt southeast of Soye court. French gunners laid a steady barrage fire across the intervening ground and prevented the Germans from leaving their trenches. In the Champagne region the French repulsed several surprise attacks. On the right bank of the Meuse, northeast of Verdun, the Germans bom barded positions which were recently captured by French on the Fleury Thiaumont front. The French took 250 prisoners on this sector. French aviators brought down four German plaaes during the day. See-Saw Game is Flayed. London, Aug. 24 The Germans made strenuous attempts to regain lost ground between Guillemont station and the quarry last night and succeeded in reaching the parapet of British trenches at some points, General Haig reported to the war office this afternoon. They were afterward repelled, suffering heavy losses. At the Hohenr.ollern redoubt position near Hullurh, the Germans shelled Bri tish positions heavily and attempted a raid. They were stopped before they reacnea tne British trenches. Wireless Messages Come From Australia San Francisco, Aug. 24. Wireless messages are being sent each night from the South Side station to Austra lia, via Honolulu, it became known to day when Will Ormiston, wireless op erator on the liner Ventura, checked up messages received in Australia wita those sent from the local office sand found they had been accurately receiv ed. Ormiston took with liim to Sidney on the last trip of the Ventura a new re ceiving apparatus that has made this service possible. president. He expressed indignation at the president's utterances, but said the protest should have been made at the time they were issued and not now.