WEDNESDAY EVENING, AUGUST 12, 1914
Laying in Supplies.
Some thirty years ago, when the perennial eastern war cloud was casting a temporary shadow, the inevitable announcement was made that flour would reach famine prices. Numbers of people who had the money or the necessary credit rushed to the dealer and secured supplies for a year or six months ahead. A few weeks later the new seasons wheat was on the market and flour fell to a price a dollar a barrel lower than that asked before the appearance of the war scare. The far-seeing and economical ones who had secured themselves against famine prices had little to say regarding their investment.
The same thing is quite likely to occur this year. The wheat crop of Southern Russia will find its way to market as usual, though the vessels conveying it may have to sail under the flags of neutral nations. The supply from Canada and the United States will not, in that case, be in greater demand than usual and the effect of the risks of war will be to discourage transatlantic shipments. If access to the German market is entirely closed the demand will be lessened: If it is only partially open, the risks of seizure will be great. Access to that market can only be free when the British, French, and Russian navies are excluded from the Atlantic Ocean. When this condition obtains the war will be at an end, and there will be an inevitable fall in prices of all commodities.
AUGUST 12, 1914
Spies in Cape Breton.
A Sydney, C. B. despatch of August 7th, says: - "The wireless operator here says that for the past three days he has been picking up messages sent from Berlin to a German station at Long Island, New York. These messages were afterwards transmitted to the German warship Dresden, cruising in the North Atlantic. The messages gave position of the British and French merchant ships bound west.
Two German spies, who had been prowling around the Transatlantic wireless station the past three days, and who had received repeated warnings, from the troops on guard there, were placed under arrest yesterday, and lodged in jail. On the mens quarters being searched, it was found that they had a full wireless equipment ready for installation, a number of small bombs, and several sticks of dynamite. A third squadron of troops has arrived here and has been distributed to the cable and wireless stations."