Ultimatum To Turkey To-day.

New York Times 100 years ago today, October 3, 1912:
But There May Be a Week's Respite — Porte Refuses Greece's Demand.
TO LOCALIZE HOSTILITIES.
Powers Have Not Yet Taken Joint Action, but Are Agreed on That Point.
GREECE BUYS TORPEDO BOATS
Purchases Four Vessels Built for Argentina — 30,000 Albanians Promise to Aid Turkey.
Special Cable to The New York Times.
    LONDON, Thursday, Oct. 3— While hope that war in the Balkans would be staved off by the diplomatic representations of the great powers dwindled yesterday, there grew a belief that hostilities would, after all, be averted, owing to the lack of money of some of the would-be belligerents. It is calculated that the mobilizations now proceeding cannot be completed, at the earliest, before ten days, and it is questioned whether Bulgaria and Servia can stand a long drain on their resources.
    Mobilization is a costly business, even for a great nation, and despite the assurances which some statesmen of the little Balkan States have given of their financial preparedness, they have undoubtedly been made aware that it would be a matter of extreme difficulty to replenish their exchequers. International finance has too much at stake to allow illusions to exist on this score.
    In certain quarters it is suggested that Italy is secretly urging the Balkan Quadruplice on to a campaign which would serve Italian ends in regard to Tripoli, and that while the Government at Rome is ostensibly associating itself with its allies, Austria and Germany, in deprecating hostilities by Bulgaria and her confederates, it is covertly promising financial support. Inquiries have failed to discover real grounds for this suspicion.

Passenger Traffic Suspended.
    Meanwhile a step nearer to a state of war was taken yesterday by the suspension of local passenger traffic on the Orient Railway between Sofia and Constantinople and on the railway connecting Belgrade and Salonika.
    The action of the great powers has so far been limited to separate representations. Joint action has not yet been agreed upon, and not much hope of it is entertained.
    In one highly important particular, however, the outlook yesterday was considered favorable. It was declared that even if hostilities should start in the Balkans the war would be strictly confined to that area. On this point the assurances given in various quarters, especially by Herr von Kiderlen-Wachter, the German Foreign Minister, relieved anxiety, and the firmer tone which developed on the Stock Exchanges is chiefly attributed to this cause.
    Moreover, persistent rumors were current as to the likelihood of the present situation leading to the conclusion of peace between Italy and Turkey, in which event the hope is entertained that hostilities between Turkey and the Balkan States may yet be averted.
    A telegram to The Daily Mall from Bukharest says that the Rumanian attitude toward events in the Balkans is one of expectation. Reports of Rumanian mobilization are untrue.
    The Daily Telegraph's Vienna correspondent in a dispatch sent yesterday says:
    "The Emperor paid a visit to the King of Greece to-day and stayed nearly an hour. A personage in the entourage of the King states that his Majesty expressed himself in the following manner regarding the critical state of the Balkans: 'I hope and believe, despite the difficult situation, that it will be possible to avoid war. Hope must not be abandoned notwithstanding the military preparations.' "
    The Dally Mail's Constantinople correspondent says under yesterday's date:
    "To-day representations of a most energetic nature were made by all the great powers at the capitals of the Balkan States in favor of peace,
    "From the Turkish Foreign Ministry I learn that Great Britain was particularly active in this respect.
    "The Young Turk Party of Union and Progress has published a manifesto in support of the Government.
    "I have the best authority for saying that important telegrams have been received by the Cabinet from Reshid Pasha, one of the Turkish peace delegates at Ouchy, which record a considerable advance in the peace negotiations with Italy."