The evening world. Newspaper, July 31, 1914, Page 1

y or ‘First Time Since Panic of 1873 Stock Otte Freitziein and © \THER—Cloudy: to-night end Saturden | “Circulation Books Open to Al Books Open to All. |_PRIOR ONE OEM: ONE “OENT. Copritene, 191 The Press Co. (ihe New Wor We York World). Fabtishing NEW. ‘YORK, ‘FRIDAY, ‘JULY 3 31, CLOSES AND BiG CITES = FOLLOW 115 LEAD Market Stops Operations—J. P. Morgan Still Hopes Peace Will Prevail Among the Powers. J.P. Morgan issued the following statement to-day: “Alarming quard agi M and Johnson. asthe news is from Europe I am still hoping there will not be a general war. While the gravity of the situation can hardly be exag- gerated, there ie still the opportunity for the sober second thought of pedple of Burope to prevail over their first impulses. “If the delicate situation can be held in abeyence for a few days 1 ehould expect a rising tide of protest from the people who are to pay for war with their blood and their property. “Tt is essentially a time for owners of American securities to keep their heads and bear in mind that actual properties represented by American securities will not suffer greatly by a European war. »... ,, During the last few days the American people have been buying back American securities at low prices. Presumably they will pay for those securities with their wheat and other products at high prices. “The situation of the American security market during the last two days has been a splendid illustration of the inherent soundness of financial conditions in this coutry. “It is idle to say that America will not be hurt by a general Euro- " pean war. Wholesale waste of capital involved in such @ catastrophe y would result in a distribution of losses the world over; but the loss a > dere would be infinitesmal compared to the losses to countries im- mediately involved. “There is no doubt that the whole American people will co- operate to restore normal conditons throiighout this country at the earliest possible moment.” In order fo avert a panic and maintain the value of American se- curities the Stock Exchange closed to-day and all trading in stocks and bonds was suspended. The New York Stock Exchange was no Jonger able to assimilate the floods of securities dumpedsinto this, the only open- market, by European jnvestors. The closing of the Stock Exchange saved scores of banking and brokerage firms from serious financial embarrassment if not utter fail- uré, By od f the Board of Governors no securities were bought or sold, to-day e es or by private negotiations in brokerage offi Brokers ites have @ buying or » n unlisted secur. * frain from the WINNERS AT HAMILTON. Page.) AUSTRALIA BEATS GERMANY IN DAVIS CUP TRIALS. PITTSBURG Ba vsian oor team will tae tie A in the final contest hi Hither! son, Or tennis ran SEU ‘OND RACE July sh Mish 1 champions Davin cup, Years creuner NNCamt minnted | lind, 9 to: [U8 "smyth, # to 5, 2 1 Purse $500 three, upward; 1 ropresenting BUSINESS TALKS|. an ACH $600) «No. 14.) ight Knowledge is the heyiute of success ia any undertaking. The genera) who enters theMfield of ‘Tim battie without knowing his” groung, the lawyer who pleads without a perfect understanding ot his case and the business man or housewite who e, work, buy, sell,| 11 without such knowl: {# tod three-year. ona and one- 2 110 ¢ o 5, third. to 5, second: and supply as World) Knights 108 (Ambrose), 4 to indeed In a sat plight,| 1,7, t 5 an third. “Time. It is with persons who make the first a DR Ash oe Hack “May. ind Mivamieha overtures i 4 business way that one <_ . can-deal to the best advantage WH Shin Neo to Burope And is this not an excellent reason why Oh The uu should consult and profit by) PVPTSH Haim World ads.? io vodard Every. week The World prints more, 0" Metis in the ts than the | eit Tribune | tle ry elie it ai and -|road admits NATIONAL LEA IAL_LEAGUE. wrs— “7 NEW YorK 100 CINCINNATI 0000 Batteries—Benton and Clark; Mar- jeyers. Umpires—Byron AT BROOKLYN. BROOKLYN— 10008 PITTSBURGE— oo0o10 Bateries—Harmon and Ragan and McCarty. Klem and Emsilie. as AMERICAN LEAGUE, AT CLEVELAND. HIGHLANDERS— 30000 CLEVELAND— 02000 eee FEDERAL LEAGUE. AT BROOKLYN. BROOKLYN— Gibeon; Umpires— { INDIANAPOLIS— oo0ag001 Batteries—Falkenberg and Warren; Lafitte and Owens Umpires—Mc- Cormick and Shannon. . FOR DETAILED DESCRIPTION OF | GAMES SEE BASEBALL EDITION. | — WARBURG WILL APPEAR FOR SENATE QUIZZING Banker Notifies ities White House He Gives Way, Out of Deference to President’s Wishes. WASHINGTON, July 31.—Paul M. Warburg of New oYrk notified the | White House late to-day that “our | of deferenc: wishes of the President ppear to-mor- row before the Senate Banking Com- mittee and answer questions bearing | on his qualifications to sit as a mem- ber of the Federal Reserve Board, pba esc RECEIVERS FOR RAILWAY. Acts pany din I1inots, 1.—The Chicago, went into PEORIA, Il, duly ja and St, Louis Railroad vers’ hands to-day. 1 interest on $3) on June 1 of this ye amount is part of & $19,000,000 Insue -}largely taken by Wnglish investors in Bluford Wilson, president of and William, Cotter. repre: t pndholdera of as receivers, 0 In ite ane swer to the vership the “FURIES” STOP ALL RAIDS. -| Decide to Suspend Milltancy Dar) ing War Crista, LONDON, July 31L—Al militaney on the part of the women endeavoring to ~|aecure equal suftrage in England will} be suspend crisis, Orders to this offes during the present war » wateh ters of the mn ical Union cessation of imili- Ly od Kingdom, GERMANY S TWO WAR ZEPPELINS TO SPY ON FRANCE, | and "| next Tue were to-day IN ALL PORTS \c stieeeegeAmecoin: and North German Lloyd Ordered Not to Risk Liners at Sea. VESSELS ARE RECALLBD. ae Thousands of Tourists Are Ma- rooned—Steamers Ordered to Remain Idle Indefinitely. The establishment of martial law im Germany to-day resulted in the Hamburg-Ameripan line and the North German Lioyd temporarily re- tiring from the business of transport: \¢ ing passengers and freight across the, ‘ Atlantic. All steamshipe of these’ two lines in this port, or in Hamburg \or Bremen, hing any of | the three their piers for an indefinite perio The suspension of business was or- | dered by the German Government. eee, Imperator is tied up in Ham-! 4 , the Vaterland is tied up in Ho-| ¥ tee and the Amerika at Boston. | These are Hamburg-American ships. The President Grant of the Hamburg- | American line, which sailed from Ho- | \boken yesterday, was recalled by|@ wireless this morning and is now | headed back for New York. The North German Lloyd, in addi- tion to holding vessels in port, sent @ | wireless from the New York office to | the captain of the Grosser Kurfuerst, | ¢ which sailed for Bremen from Ho-, 4 boken yesterday morning, ordering % him to return at once. The vessel| & will be back at her Hoboken dock | ¢ ‘ Peewee. oeeg some time to-morrow. Of the North German Lloyd vess the Princess Irene, scheduled to s for Bremen to-morrow; the Kron- | pring Wilhelm, scheduled to sail next Tuesday, and the Barbarossa, sched- | uled to sail next Thursday, are, tied up at their Hoboken ple The | | George Washington and th Kaiser | « Wilhelm IL, bound due to arrive ne ay, respectively, tied up at Hoboken, All the vessels of the two lines in jerman ports have been taken over by the Government for uso If they should be re ured in the approach- jing war. Hundreds of persons who | have engaged passage on the Vater- | land and Princess Irene arrived in! « | Hoboken to-day from the Weat and|. | beneiged the steamship piers. The Vateriand had booked over 3,000 pas- nengers, Loading and coaling of ships in Hoboken has ceased and thousands of longshoremen and others employed on the piers have been thrown out of employment. PROVISION MERCHANTS ARE) FACING HEAVY LOSSES. Provision merchants in Hoboken and New York who have been supply. ing German ships face heavy losses. They are loaded up with supplies, much of which is perishable, Nearly | 1,000 immigrants are in Hoboken on the way, all holding tickets on |the Vaterland or the Princess Irene, | PARIS, July 31--A report from) phe Imperator, which was to have! wney to-night states that two War) sailed from Hamburg to-day, and the | pelins left Friedrichshafen this! yvateriand, Jargest ship in the world, evening and started in the direction | which was to have sailed from Ho- of Strassburg boken to-morrow with about 3,000 It is believed they will swing south to the French frontier to reconnoiter, Ail Fvench aviation corps stations on the frontier have for the thety crossing. rd sensor of “the Holy Office, died to-day at the Gge ef sizty-cight. been instructed to Zcppelins and prevent | passengers, will remain at their piers indefinitely, The Amerika, which was to have sailed from Boston to-mor- row, is also held, ‘The President Grant left Hoboken yesterday morn: , |ing with 110 first class, 161 second | class and 146 third class passengers. | | & wireless message was sent from | New York to her » der captain at 11 o'olock Comuinuad om Seowed Pass » PEL REL TS ¢ men TE 1914. WEATHER—Cloudy to-night nnd FINAL _| “Cireatation Books Oven to All” | BDLDDL1L010060-00-8-0000000000) D006 FOPGOT EO HOMER E RED 55:665306055645920506 ~ WAR BULLETINS (12 PAGES RUSSIAN AND GERMAN ARMIES — CALLED QUT; ENGLAND IS READY FW YORK EXCHANGE [BASEBALLIKASRRIALTS |CZAR DEFIES GERMAN WAR LORD; _ GERMAN SHPS CALLS OUT WAR ARMY AND FLEET CZAR, WHO WHO SEEMS BENT ON WAR! Kaiser Issues a: Decree Proclaiming :|Russians Blow Up Railroad Bridge : notified all railways in England to hold their equip- '|in the House of Commons to-day that Russia had \proclaimed the general mobilization of her army o|and fleet. ' war | ee : ” ° |merchantmen with more than enough fuel to reach ithe nearest foreign port. ‘PRIOR Ons OSES. Martial Law in Germany, Mob- . ilizes His Army and Is Ready to Strike,and England Expects War at Any Moment. ENGLAND ORDERS ALL RAILROAD TRAINS HELD. to Check German Advance — Kaiser’s Troops Active on French Frontier — England and France Are Both Pushing Preparations: LONDON, July 31.—The Government to-night ment ready for the movement of troops. Announcement was made by Premier Asquith Premier Asquith’s statement was as follows: “We have just heard, not from St. Petersburg but from Germany, that Russia has proclaimed the general mobilization of her army and her fleet and that in con- sequence of this martial law is to be proclaimed in Germany. “We understand this to mean that mobilization will follow in Germany if the Russian mobilization is general and is proceeded wjth. “In these circumstances I prefer 19% to answer any further questions till Monday.”’ ST. PETERSBURG, July 31.—An imperial proc, lamation calling all the army reservists in St. Pet- reburg to the colors was placarded to-day. Commanders of all Russian ports on the Black Sea and the Baltic have been ordered to seize all coal and fuel oil supplies, and to furnish no foreign The Czar gave an audience to-day to the German Ambassador and subsequently presided over a full council of ministers attended by the chief of the army general staff. | Orders have been given for the mobilization of the entire Russian army and navy in Europe. A “State of War’’ has been declared in Germany. The entire nation except Bavaria is under mar- tial law. London expects a formal declaration of war by! Germany against Russia at any moment. Active movements of the German army at the French frontier are reported. French outposts have been strengthened. Telephonic communication between London and all German and Dutch cities and between France and Germany has been suspended. clared in a state of war. Commercial cablegrams from London to thejstitute a declaration of war against any other Continent are subject to delay. eages are refused. All code mes- The mail train for Germany will not leave St. Petersburg to-night, and the line of boats running to Stockholm, Sweden, has been stopped. \ WASHINGTON, July 31.—Diplomatic des- ‘patches from Berlinlate to-day say the German opinion is that a European general war seems cer- tain. They also report that the British garrison at Gibraltar has been mobilized. State of War Declared by the German Emperor BERLIN, July 31.—Germany was to-day de- The action does not con- i! | European power. It means that martial law under which the