The evening world. Newspaper, February 1, 1917, Page 1

AL EDITION ALL STOCKS TUMBL wRi08 ONE ‘CENT. e ovrriant ABT by aw The Pres Pobitsing yw York World), NEW YORK, THURSDAY, FEBRUARY E IN WORST DAY SINCE WAR BEGA Clorid, “Ctreulation Books Open to All.”’ ‘Vo-Daye Woathor—Onsw and much colder. 1, 1917, 18 PAGES PRICE ONE OENT. ON ACTION; AY BE WARNING TO BERLIN - STOCKS DROPS 1015 POINTS, MARKET ON VERGE OF PANIC; SALES 2,058,000 SHARES SX SHPS SUNK ‘en Closing Prices Slightly Above the Lowest Figures—Worst Day Since War Began. COTTON D WHEAT HIT Steel Hammered to 99 but) Goes Back to 102 3-4—Beth- Iehem Falls to 3065. | oe After the most digastrous day that stock, wheat and cotton exchanges have experienced since the Wuropean war began, with quotations of every} kind slumping to. the verge of pants, | the various markets closed this after- Nog WIth, a little more ‘confdence | the Belgian steamer Euphrates—were) and eomewhat higher valuea, although | i} extremely nervous and weak tn} MBA civetion of serious tniernational | complications. The first hour of trading was the worst, ‘when prices feil ot their low-| ent fevel, This was followed partial’ recovery and: thea houra’ of wavering uncertainty tween the high and with alternating declines vivals, For the general run of etocke, the maximum los were from sato fifteen pointe, with re- at the close of about one- hose amounts, Wheat kept | water\pany with stocks, while cot- phos? slumping most of all at the Mrevigt: made the best recovery, sour Ming United States Steel as the cleastion of the Stock Ma there thes a total fall of 13 points to 99, the D being at 1023-4, May wheat AL 17 conts to a low of $1.66 and closed $1.03, May Cotton fell five cents! per pound to @ low of cents, but regained most of its los, closing at about 16 3-4 cents. MARKET CLOSES SEVERAL | POINTS ABOVE LOWEST. While practically ell the leading ppeculative tesues on tho New York » Stock Exchange closed several pointe above thelr lowest, a number of com- paratively inactive gecurities were at the bottom when the market closed, but their net losses were not so great. | Railroads held up better than indus- trials. Steel, copper and shipping shares wore subject to the most vio- lent fluctuations. Bales of stook on the Exchange amounted to 2,088,000 shares, | Tm Bouthern cities theré was great disturbance on account of cotton market declines. Two months ago cotton @old as high as 21% cents per pound. ‘The Augusta Firchange adopted resolutions requesting all cotton ex- changes to close during the period of uncertainty. Tho Savannah Ex- change answered that it consider such action would be well taken, ‘The prospect of foreign shipments be- ing interrupted was the principal! cause of heavy decline in prices of cotton, grain and provisions Foreign exchange quotations weak- by a several be low extreme and re- (Contipued on Fighth Page.) mee a es i | fishing sm | peal of the State Boxing Law IN NEW WARFARE IN "BARRED ZONE” ‘Four British is bis One Bel-| gian and One Dutch Are Victims. TONDON, Feb. 1. --the British steamer Trevean and “TWO more ves- sel: reported sunk by submarines: this afternoon This makes a totul of #ix vessels so far reported sunk since the German “barred zone decree went into effect at midnight The Dutch steamer first ship to be sunk tn the new “parred zone" to-day, Three British ks, the Merit, Watt and| Wetherill, were also among tho first! vessels Known to have been sunk in pursuance of the new German order The Wpsilon was @ steel screw Spallon was the steamer of 3,211 tons, gross, built in| « | Rotterdam in 1918, and owned by the | Vrachtvaart Maats, Bothnia, She was registered at Amsterdam, and | Lioyd's register gave her master as K. Rykeboer. Tho Trevean was a steamer of 3,081 tons, gross, owned by the Hain Steamship Company, and registered at St, Ives, Tho Buphrates was a vessel of 2,809 tons, property Belgique Transporta- of Antwerp. a tion Marittme BILL TO STOP BOXING INTRODUCED AT ALBANY Governor Whitman's Message to Legislature Urges Immediate Re- peal of Athletic Law. (Special From 9 Staff Correspondent of ‘The Bvening World.) ALBANY, N. Y., Feb: Whitman to-day sent a message to the Senate urging the !mmediate re- This follows the revelations of the bribery charges against Boxing Comminsioner Wenck, made by promoters whose ap- plication for @ license for Madison Square Garden was turned down, In conjunction with the Governor's mes- sage, Senator Slater of Westchester introduced tn the Senate a bil! repeal- ing the State Athletic Law. When members of the Legislature learned the Governor's intention many of them, including Republicans, said they would not support any move- ment to repeal the law, urge the present State Athletic Com- mission be replaced by men expert- enced in boxing. Senator Brown's etatement “Why not prohibit football?" HB Secetaaise taats ACTRESS TELLS SECRET, A well known ectrs gives the follow. ing recipe for gray $ If pint ot water add 1 08. of Barbo Compound, a04 % os. of gl; tne, Amy Grugsist can put (ale up or you ean mix {tt at home at very little Full directions for makiig and use ox of Barbo kon atre: was - of the | 1.—Gov.| but would “UBOAT BROUGHT “TIP” ON NEW NCTE, REPORT IN MARKET Heavy Selling Linked With | Story of Submarine at New London Sunday Night. PORT ON WAR BASS OVERSEAS VESSELS ARE HELD AT PIERS Rigid Embargo hisea Ctered by) Collector Last Night Lifted, but Sailings Are Limited. GOT WORD Woy \VOY? | | Under-Sea Visitor “Also Said to Have Brought Bernstorff Letters of Recall. WATCH GERMAN SHIPS? Hellig Olav, Biggest Liner Scheduled to Sail To-Day, Detained “Indefinitely.” In brokerage houses tn Wall Street which have been watching the course of German diplomatic relations with fare basis to-day as a result of Ger- |many's proclamation restricting the freudom of the seas about Great Brit- ain and elsewhere, The only vessels more Important and more effective | leaving New York to-day were coast- : than any yet disclosed, wise steamships, and until further no- The heavy welting of tHe stock mar-{tice the Harbor will be closed to in- [ket and ‘its depression for several'thound and outbound tra Mfc from sun- | days leading up to to-day's big break set to aynrive, following announeerment of Germany’ “s) In reply to inquiries regarding the | declaration of jts intention to renew closing of the port, Collecto# Malone |Tuthless submarine warfare are @e+ sald to-day: advance Infor- | “1 {American finance there were reports ‘current al, to-day of another = |Cepted as proof that will not discuss the neutrality mation of this momentous event has situation in this port either directly been In the country for several days. ! or indirectiy.” | Certain houses have been heavy ‘The Collector sald that as he was i of the market all the week. | responsit the neutrality of the esterday there was partict y 1 May there was particularly | 1.1 ne would not admit *or deny | heavy unloading of commitments, and | y some of the more daring plungers hat the port had been closed last reported to have gone short of lurge Went. He admitted his responsibility | oh Be OP for that only and said that the United emounte. States navy, as the police force of ‘Tha United Press to-day sent out |) ites navy, BB Us ret ery no United T to-day sent Out) ih, sort, was responsible for its regus in Its news service a h saying The Navy Department, responsible for the ex orders regarding sed by saying that the all Street was convinced that cer- tain German houses yesterday started selling short In anticipation of a break to-day, having been informed | of the action Germany contemplated.” Reporte were ourrer Ast We another Ge n subr was ap- sald, tion trality and ol situation yesterday was no different than It has been during the course was of of the European war, arine | proaching New London harbor, The Germon steamships at the & sharp lookout was kept for h docks in Hoboken, South Brooklyn Monday New York newspapers pub. ;ind off Maniiattanville are virtually Hahed reports that a submarine had {i charge of the Collector of the Port, rally entered New London harhor |Dudley Field Malone, At tho request bay Bianco aine aan slnnearaut who erulsed the har Bee eae tire caitiiiy wace ies in the launch Neutrality, Commissioner Godley y ing. Poll of this. detailed special police guards to all | According to information traceable | 1etalled 8 PGC) Rare se | , 2 piers where German vessels are to men close to Count von Bernatortt, |Drs ocked. a submarino actually did enter the harbor and after leaving a packet of papers for the German Ambassador went swiftly out again, Collector Malone closed the harbor to shipping Inst night, but orders re- opening the port were issued at 11 M to have been {O'clock to-day, ‘The only trans- brought by this submarine emissary | Atlantic liner scheduled to sail to-day waa the advance information of.cer. | W® the Hellig Olay, of the Scandi- 23 navian-American Line, This satling | many’s note regarding the renewal of ruthless war the sea It is further stated that the svb. cancel! pler were told that the post leparture was indefinite |marine brought to Count von Bern pee : i | storff letters of recall from bis own 1 ne bet apy sheataghip [government which he ts at Iibe pound ris. ening the seam as to use in event of a crisis to forestall | *ribed » NAbe.as Cangerour my his dismissal by the American Gov- | leave this oF any other Americgh jernment | port un evelopments change tho } With this information in hand, | existing & uation Wall Street gossip asserts that ali|HOLLAND-AMERICAN LINER 18 houses and speculators allied with | HELD UP, German diplomatic int ® have| , ieA 1 : | unloaded their stocks and cleaned The Holland-America liner Noor- lout of all their committments in |dam the Zulderdijk, a Dutch | readiness for eventualities ltreighter, were held outside the Nar- freighter, canny nastet, ian rows all night by the order closing the port. They came up the bay at with several coastwise freight- which bad been ordered to outside Ambrose Channel The Ward liner bound for Nassau, Havana and Weat Indian pe and the Morro Castie of the same line were the largost vessels leaving New York to-day, The embargo on outbound and tn- noon ere anchor ight. SPANELL IS ACQUITTED IN TEXAS MURDER CASE SAN ANGELO, Tex, Feb. 1—A verdict of not guilty was returned after leas than two hours’ dei{beration lte-day by the jury in the casa of Harry U, Spanell of Alpine, Tex., triad ona charge of killing his wife, Crystal Holland Spenell, lant J ————. Mra, Byrne Accepts Offer of Nard s was put into effect yesterday evening soon after the puoilcation in the af- f the text of the * ternoon new Late thia afternoon, Mra, Sanger, #16 ‘ 1 ter of Mra, Ethel Byrne, who is serving man Role —AbIDpIOg circles ware) A sentence on Blackwell's Island for eat that time with rumers that) championing the cause birt rontrol some of the big, fast German liners said sho had went # tolegrani to would slip thew moorings and make Whitman accepting his after of a 18S" weeht Bias" Wabadal°L Pale 4 (Coutisued on Second Page,) ‘The Port of New York is on a war- | land pasengers arriving | Havana, | bound whipping as applied to thi port | U.S. SUSPENDS ALL PASSPORTS; RUMOR OF GERARD’S RECALL GERMANY STAKES EVERYTHING N A RUTHLESS U-BOAT WAR: HOLLWEG TALKS WITH GERARD GERMANS SCUTTLE INTERNED STEAMER ATGHARLESTON, S.C. — “Fel. teimperiat} CfEW Pulled Out Seacocks of the Liebenfels, Is Report von RBethmann-Hollweg |held a long conference to-day with to Washington, | “We Accept Challenge to Fight to the End,” Declares the ‘ Chancellor, OE ho an SEE HINDENBURG — AGREES. “We Cannot Discuss the Con- ditions of the Enemy,” Says the Chancellor. AMSTERDAM, Chancellor American Ambassador Gerard after) ———— he had concluded his speech befor | WASHINGTON, Feb, 1.—The crew] the main committee of the Reichstag, of the tnterned German freighter Despatches from Beriin did not re- Liebenfels, at Charleston, 8. ¢ de veal the nature of thelr discusston, | berately pulled out the seacocks and eb, 1—Germany accepts sunk the ship y i to fight to the finish and report received bere according to a by the challeng Assistant is staking everything to win. Secretary of the Treasury Peters, In The Imperial Chancellor, von Beth-|°MtRe of the Customs Division, | CHARLESTON, S.C, Feb. 1.—The mann-Hollweg, thus summed up Get-| German freighter Liebenfela of the Hansa line, tied up hero atnce the many‘s attitude in a speech which he| made yesterday to the main commit- | beginning of the war, began sinking tee of the Reichstag Just before the | *#OWly at 9 o'clock this morning and | af, . | marine men believed she had been German anawer to Wilson was sent. | oo ittiog, | “The destructive desiane of our This belief seamed to be borne out) opponents,” eaid the Chancellor, | by the fact that the Captain deciined “cannot be exp more | the ald of tugs. sirenaly, Wa chave bean’ atale In an hour the vessel's bow was jhigh in the water and the gradualy settling, but Capt. torn Was | Klatten lenged to fight to the end. We accept the challenge; we etake | hoff, with five or six officers, were everything and shall be vio- |still aboard. ‘The crew of Laacars dorlous, Were sent to their homes soon after “On Dec. 12 1 explained to the the vessel tied up here at the out- break of the war. The steamer which 1s of 2,620 tons gross $s anchored tn between forty and Afty feet of water about halt a mile from the olty waterfront, Shortly after the officers refused to} allow @ tug to assist them the lieben fels stopped sinking. The stern rall then was only a few feet fro water and the bow keel was alinoat Reichstag the reasons which led to The reply of our and prectsely said our opponents clearly that they declined peace negotiations with us and want to hear only of @ peace offer. peace which they dictate. “By thie the whole question of quilt for the continuation of the | | was not wanted, tions of the enemy we cannot Evon If the ahip does not nottio any| le he e | Be eee rscanttint such condition that she could not be| made seaworthy s we must fight.” Chancellor von Bethmann-Hollweg Watch on German steam t explained why !n March and May of Jackoouvite last year he had opposed unrestricted JACKAONVILLE, PF Feb. 1—Cus submarine war, and why again tn|tome officials to-day detatied a guard to | er, “according to the unant- | Watch the German steamer Frieda | | Septemb Hd hardt, the only veede! Iald up here as mous judgment of the political and result of the war, | military authorities, the question waa}®, chord in mi 4 The veasel, an m, will bo brought to| not conaldered ripe for decision.” In] a dock, whore she can he watched more | jthie connection tha Chancellor re- | °lo : i} ts 0 tlerance at peated hia previous utto that 08! siteaey OP aecce: fai soon ag he, tn agreement with the anerel, supreme army command, reached the conviction that ruthless submarine war would bring Germany nearer a victorious peace, then the U-boat war would be started, “This moment/has now arrived,” Alfred Poatut, a privaia in the Un States Army end unlil this moming a prisoner in the Barracks at Fort Ham fiton, escaped from an armed guard Whilé attending the funeral services of his mother this afternoon. ‘The funoral was held in the chapel of Necker's un “ Cy i] arlors at 9 antic e he continued, “Last autumn the [noe “hivokiyn the kus emalne time was not yet ripe, but te-day outside whi ey went in L him is (Continued em Gecend Page.) out a back! war le decided. The guilt felle |Visible. No explanation was given to} H repo eayiPA Capt. Lockwood of the tug Cectita Suara tesue tanks “The condie. [HEF the officers told him hie help| | time, \% Hint » the President's One Rumor Is That von Bernstorff Is to Present a Letter to the State Department Announcing His Re- call to Berlin. GERMAN SHIPS IN PORTS FIGURE IN NEW CRISIS WASHINGTON, Feb. 1.—Following an earller meeting President Wilson and Secretary Lansing discussed the submarine situation for an hour beginning at noon. Mr. Lansing had worked all morniag on a docu- ment which he took with him to the White House. ) After the conference; Secretary Lausing Tefused'to say what sc been decided upon. One rumor in circulation was that Ambessador von Bernstorff would hand Secretary Lansing a letter announcing his recall by Berlin. In this connection it was reported that Gerard might be recalled, thus avoiding the harshness that would accompany the handing of passports to von Bernstorff. m A warning to Germany that a severance 6F dip- 7 lomatic relations will follow the putting into effect of such a campaign of ruthlessness as she has announced is among the possibilities. It is admitted that a course of action has been decided upon, but it is said that certain steps must be taken before it is announced. It is said that, acting upon instructions from the President, Secretary Lansing has prepared a com- munication, the nature of which is guarded in secrecy. At the same time, the State Department issued an order refusing passports to travellers planning to sail for European ports. This action by the State Department served to iczveaee the tension surrounding all developments to-day, following receipt of the German Note. MAY MEAN TAKING OF DRASTIC STEP. It was pointed out that refusal to Issue passports might mean either that this Government was planning to take drastic action and foresaw an inevitable break In relations between the United States and Germany, or that President Wilson has determined to modify his former stand, pre- vent Americans from travelling on the high seas, and taus maintain this country’s neutral status. Following the conference with the President, he would probably see the new lief that there may be an offi decision at that time. It was disclosed that President Wilson and Secretary Lansing had a conference last night, although !t was then dented they had conferred at all The British Ambassador, $!r Cecll Spring-Rice and the Japanese Ambassador, Mr, Sato, were among the early callers, They and other diplomats who asked for Secretary Lansing were told he was very Lansing declared spapermen this afternoon, causing general 1 announcement of this Government's , busily engaged preparing something for President Wilson, President Wilson conferred with Col, BE, M. House, his friend and adviser, who was hurrledly summoned from New York: The Foreiga | Affairs Committees of Congress were long ago assured of being taken nfidence before diplomatic relations are broken off. Germany's sudden declaration of her intention, without warning, to a! destroy all shipping over a wide area comes as the climax to a long series of aggravagated cases in which the United States has gathered evi- dence that her pledges to respect International law at sea have been vroken. A score of American lives have been lost since the slate was | wiped by Germany's promises In the Sussex case, But in each instance there were conflicting influences, and In each case repeated assurances from the German Embassy here that nothing =