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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Aug. 1, 1914)
ULti BbK: 0MU1A, SA'llHDA. AL (U ST 1, 1914. WHEAT OPTIONS TUMBLE Many Omaha Traders Caught in Re action from War Scare. CASH QUOTATIONS ARE FIRM HEW HAVEN DIRECTORS' CIIAIB MAN DISAPPEARS. lmrardlntr Drlttrrr llrnln. llovr errr, Are Hmnll, Mat to Kxcrrit Tr.n Cars of Grain Olinim Inic Hnml. "With Omaha speculator the closlntr of I the Nw York and other eastern stock exchanges took some of the singer out of trading In iutuies. There wero crowd 3 about all of the stock commission houses during the morning, but there was noth ing doing, wires' having como from New York that prospects were for n wild market and It was advisable to close until conditions became more settled. However. Omaha men who wanted to risk their money had plenty of oppor tunities when they turned their attention to the grain market, but according to un verified reports about the commission houses there- wero more losses than win nings. When tho market closed Thursday afternoon Omaha speculators wero on the bull side. They had no hesitancy in pre dicting higher prices, and consequently backed their Judgment with their money, taking on reasonable long lines of Sep tember, December and even May wheat. They felt that It was a sure bet that the ctreat would go higher and that the opening would be above tho close of the vrevlous night. The hunch that they had received was the wrong one, and when the Chicago market opened. It In said that their margin? had been wiped out over night. Contrary to all expectations, both cash and all of the options opened way off. Cash had closed at 94 cents, with the curb strong, but the opening was down to cents and sagged to 89 ccntB, later with a bulgo to 91 cents, but It lacked considerable to reaching the high, or even the close of Thursday. CtiuKht on Options. It was on the options where the Omaha traders were caught, or,, at least, those who were on the buying side, and It Is said that tho majority of them were there, though some hedged when they noted the grain taking the downward slide. The September option closed nt St1.! cents Thursday night and opened around 90 cents and sold as low as 88 cents, re acting to 9U4 cents. December was fully as uncertain as September, for it had dosed Thursday night at 97H cents and the opening was split anywhero between W and 91 cents. Hut it did not stay even that high, for It worked back and forth, setting as low as 9114 cents, never getting above P4',4 cents. 3tnr Option Also Slauip. Tho May option caught the traders Just as hard as cither of the other two. Tho close Thursday night was J1.03U. On tho oponlng It was down to tl and kept going until WV& cents was reached, rallying to an oven dollar, but quickly dropping into the nineties. Tho Omaha cash market remained rea sonably firm, sales being made at 8016 to Sl'.i cents, but the deals wero (.mall, hot to exceed ten cars changing hund.i. Tho, Om.aha receipts were ninety-one cars .of wjient, soventy-thrce of corn and forty-nine of oats, only about one-half of ,( what;, they 'wero on Uip.corrnrpondlug day , of last year, Indicating to the minds of tho Omaha dcalera thnt farmers are on the bull side of tho market and are hold ing their grain In anticipation of higher prices. IAILR0AD STRIKE IS SET FOR FRIDAY, AUGUST SEYENTH (Continued from Page One.) Jlon and assure the president that if the railroads will accept the plan pro posed by the federal board of mediation, in time to prevent the strike, no striko will occur." Wilson Trim 111m Hnml. CHICAGO, July 30.-In a final effort to prevent a strike of 53.000 engineers and firemen on ninety-eight railways west of Chicago," President Wilson tonight sum moned the general managers' committee, representatives of the men and the mem- HOWARD KLLIOTT. BOSTON, Ju,y 30. The nervous strain caused by the government's notion against the New Haven has been too much for that railroad's board of directors chalr nmn, Howard Klllott. Warned by phy sicians that unless he "disappeared" and avoided all excitement for at least a month ho would never bo ble to worfc aguln, Klllott followed their advice and has not been Been nor heard from since July 4. Ills own daughter docs not know his whereabouts. His private secretary is understood to know where to reach him, however. . hers of tho Federal Mediation board to confer with hlin nt tho Whtto House Sat urday. This action followed tno failure of the mediators to bring about an agreement between the engine crews and tho roads on the former's demand for an Increase in wages. The president's Invitation was accepted by both sides, and the men who have been carrying on negotiations here since last October will depart tomorrow for the capital. William L. Chain.ci- and Judge Martin A. Knapp, members of tho Government Board of Mediation, Conciliation and Ar bitration, left tonight for the capital. Sev eral members of tho general managers' commlttco also started for Washington. They will advise the, president preparatory to the conference on tho following day. G. W. Hanger, third member of the board, remained In Chicago for possible developments, though nono are expected. Mr. Hanger asserted tonight that after the board had met. separately with tho employes and employers for three days the futility of a settlement by mediation was realized. Tho commissioners continued to meet with tho commlttco seven days moro In tho hope of finding some grounds on which the men would agree to arbitra tion. , , WILSON TAKUH HAM) l. STIllltR I'lniiH to Appont to Hnllrontl Mnn iiKrH to Hen Off., Dlxnvter. WASHINGTON, . July. 31,-Presldent Wilson plans to appeal to the patriotism of tho managers and employes of the western railways to avoid a strike In the face of a threatened general Kuropean war nnd tho consequent paralysis of crop moving. Chairman Chambers of tlio federal me diation board, with Commissioner Knapp, arranged at tho White House today for a conference tomorrow between the board and representatives of tho men and tho railroads, at which tho president will Eeek to settle the differences. BYRAM ISSUES A STATEMENT (Continued from Page One.) clalsm, as well as the clnlms of tho men, considered by tho board of arbitration. Tslh in substance is tho exact situation as It stands today and tho company feels that It would be most unfortunato If a strike with Its attendant losses and dis comforts should follow. "Remember this Important fact, that tho BERG SUITS ME! Berg's Great Suit Sale! Boys' Suit Sale $6)95 All of our broken lines of Boys' w Summer Suits that sold from $3.50 iLI to $8.50, go at this price Saturday IS NOW AT IT'S BEST 300 Handsome Patterns to Select From. 6QC Straw Hal 6QC IN THE STORE. Values up to $5.00, all at one price. Panama and Bankok Hats 50c Shirts and Waists, Hit; $1 Shirts and Waists, 50c Boys' Play Hats & Caps, PRICE i 50c Golf Caps, Shirt Sale! Manhattan $1.50 grade. $1.15 $2.00 grade ..$1.38 $2.50 grade $1.88 $3.00 grade. . . ....$2.25 $3.50 grade. $2.65 $4.00 grade $2.85 $5.00 grade $3.55 Excello, E. & W. and Berg Spe cial Shirts at greatly reduced prices. Values in Cool ' ' '4 Under-wear 75c grade . . . 45fr $1,50 grade ..95 $2.00 grade ...$1.15 $2.50 grade .$1.75 $3.00 grade v. $2.00 $3.50 grade $2.65 15th & Douglas Sts. 15th & Douglas Sts. Athletic and 2-Piece Garments. 50c Neckwear 35 Three for $1.00 railroad companies are simply urfilns for tho right to havo their claims, as well as the claims of tho men, considered by tho Board of Arbitration, but jvth the guarantee that tho englnemcn us a TVholo will not recelvo less pay than they are at tho present time If any or all of tho claims of the railroads aro granted. "There Is no certainty that tho Hoard of Arbitration will grant the claims of either tho men or the railroads, so that oven If any of the railroad companies European Powers Concerned in War and Strength of Armies t : if I ' fcuSIA J&r S" 5,50o,ooo fSjSjrT GERMANY 500.00 I FRANCE lr-k) ARMY T- ARMY 4.O0O.OOO A7 .... i i . . T If claims are grnnted, It would only bo after a hearing of all sides of tho enso beforo a fair and Impartial board of arbitration." British Garrison at Gibraltar Has Been Mobilized WASHINGTON. July Sl.-Dlplomntlo dispatches from Berlin lato today say tho German opinion 1b that a general Kuropean war seems certain. They nlso report that the British garrison at Gib raltar has been mobilized. MONTENEGRIN ROYAL YACHT IS PURSUED BY AUSTRIANS ATHENS, Greece. July 31, Tho Monte negrin royal yacht Dcglara was almost capturod today by tho Austrian fleet blockading Antavrl. The yacht was ap proaching the port, ut when It sighted tho blockading fleet turned and fled. It was pursued by Austrian destroyers, but arrived safely at Corfu. Warburg Before Senate Committee WASHINGTON, .July 3t.-Paul M. War burg of New York notified tho Whlto Houso lato today that "out of deferenco to the wishes of tho president" he would appenr tomorrow boforo tho senate bank ing committee. The most deslrablo furnished room .are advertised in The Bee. Get a nice cool room for the summer. HIGH-CLASS DENVER TRAINS 1 6:40 A. M. 4:10 P. -M. EXPRESS" 11:35 P. M. LIMITED" FAMOUS NO. 1. Sun-pnrlor-obscrvation-lounge-car daylight train, due in Denver 8:30 P. M. Without question the finest train between the east and Denver. NO. 3 FOR PACIFIC COAST, duo in Denver 7:20 A. M., with standard and tourist sleepers for Los Angeles and San Francisco, through Scenic Colorado and Salt Lake by daylight; choice of South ern Pacific, "Western Pacific or Salt Lake lioute beyond. NO. 9, LIBRARY-OBSERVATION-OAR TRAIN, duo in Don ver at 1:15 P. M. Sleepers ready atl 0:00 P. M.. Through passengers havo the rest of tho day for sightseeing in Colorado, in connection with daylight scenic trains next morning from Denver. EAUTIFUL ESTES PARK $4 SS JCfS ROUND TRIP FROM OMAHA IN 4aOvl CLUDING RAIL AND AUTOMOBILE8 dmanaNlimy amaha LIQUOR RUG Treatment 1602 8. 10th it. Phone D. 70C6 OMASA Lv. Omaha 4:10 P. M.. Ar. Park, 1:15 P. M. for lunch. Lv. Omaha 11:35 P. M. Ar. Park 7:15 P. M. for dinner. Colorado publications: "Estes Park," "Colorado and Utah," "Colorado Side Trips," "Colorado-Yellowstono Tours," "Pacific Coast Tours, "Personally Cpnducted Ex cursions." CITY TICKET OFFICE 1502 Farnam St., Omaha, Neb. Tel. D. 3580 or D. 1238. 1JLOOK PItOTEOTKD For Real Estate men, Lawyers, Builders, Contractors, Architects, Surveyors or anyone who has business at the Court House or City Hall. THE BEE BUILDING "Thm building that i aluuiy mtv" is most favorably situated. "While for those in any of tho general lines, wo are also closo to banks, stores, theaters and street cars. Light and air aro special features of importance not forgotten in tho construe tion of tho building. Let ns show you what we havei 1 room for rent on Farnam. 2 on 17th St Each baa a largo yault, 4 on the beautiful court. Superintendent's office. Room 103. Tel. Tyler 1O0O