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New York. Nothing as sharp as this spectacular drop has bet witnessed since 1907 in Shorter's Court. Occasionally other shan were mentioned, such as Steel. Southern Pacific. Union Pacir and Eric, all of which fell from 1 to 3 points. Half an hour befoi the closing of the street trading a slight rally, due to bear cove ing. took place, but brokers, pale-faced and nerve-racked, sighed sigh of relief when the final minute came. LONDON MARKET HARD HIT. The bulk of the selling on the regular market and in the stree is ??till coming from the Continent, and with the Brussels. Vienn and Budapest bourses closed and only limited dealings being pos sible on the Paris Parquet, the brunt of foreign liquidation hit London hard. A saving feature of the day was comparative steadiness o the gilt-edged list. There was no repetition of the previous day': sensational fluctuations in consols. The prices of consols wen lower, but there appeared to be some substantial support, limiting the drop to half a point. The monetary situation is considered very sound here, with gold coming to London from South America and the United States Anxiety will prevail until Thursday, with the possibility of a ris< ?H the bank rate as a wise precautionary measure. Ugly rumors are afloat in financial circles over impending disasters here. The manner of the day's developments provides food for reflection. Germany*"* announcement of the rejection of the British scheme to bring lour powers together in conference for medialion was accompanied with the explanation that her ally could not be expected to submit her acts to a Kuropean council as though she were one of the Balkan states. This pronouncement preceded the declaration of war by only two hours, thiis giving an exhibition of the perfeitly harmoniou*** working of the partnership between the two nations which stood so firmly together through the Bosnian crisis of 1909. The centre of interest has now shifted sharply to St. Petersburg, which Imlds the decision whether a European war which would probably rearrange the entire map of Europe is to break out. The nature and progress of the conversations now proceeding between Vienna and St. Petersburg are wrapped in the thickest mystery, but they are the last plank the neutral powers are clinging to in face of a storm which may wash all un.'er. rfc? < anstsntinopl? correspondent of * I re rime " -a*. Rassis hss ordered ail !i_hts slong the Russisn Black Ses ,(,?*' extinguished, excepl the ? hei ol lighthouse, near Sebastopol. A dispatch t.? "The Times" from St. Petersburg ssyi Russian statesmen arc unanimous in the belief tliHt l.i. ir Bi lain alone r?n sum- the situation. \ Darsi '? dispstch to "The Time?" .. report received m DaraSSO fr-Mii ..ii Austrian Lloyd source declares thm ih? Aastriam have blockaded the Mon? tenegrin port of Antivari. The ne\? new? expected is the OCCU? , of Meiernde. n'?ii that even now be an accomplished fact. Reports of ?mall encounters alone the front h?en permitted to pass the eon? or, bu? militar*? experts here believe ? ??? mohili/ntton 'm^ already been etTecterl and thii' a thoroughly planned i ainpai-jn i? well under way. 1-.crc i? absolutely no enthusiasm ' 1 ticla',,1 ?"or war no desire for this particular war which confront? Great Britain yet thsr? is a jreneral belief 'hat her obligation? to her partners ?:i the Triple Entente, a? well a? her ?ten ' *. SI a creat Kuropean power, v ill force her to support Russia and teps they may take The dark development? of the ?lay wcie received without excitement, but, w th the deepest jrloom.. Tiie immedi? ate effect o' the war cloud is likely to be n cotnpiomise on Homo Rule, since, ?Vel that ?lomc-tic dissen? sion.** must be settled at all costs m t face of the pen! from without. The (ierre demands of the Conserva? tive pa sei - for a g?nerai election have bees wlioll- hashed. The Forcen Of Ice hss become the most important branch of the povpinmciit, and no one ??nts to r*sk the possibility of losing Str Edwsrd ?'?icy, with hi?- exceptional influence in the councils of Kurope. Ihe government is cor.fiontinf? the situation with perfect calmness. There is no liga of unusual events at the Foreign Office, except that the Prime Minister, Mr. Asquith. who seldom vis ? at office, called there this cvon Ing and conferred ?S th Sir Arthur Nicolson, Permanent Inder Secretary. Tiie Austrian A'nbassador arrived while Premier Aaquith was there and made formal announcement of the declara? tion of war. I Unusual activity was manifested i the chi*-?f British pot??. -And ?ho ad miraltv orders received were con?id i ro?l to ainoutit almost *o srini-nin l.ili/.ation in crtain (sections of 1h f?foi. The commandor-ir-chief and his stnf aro inspect m?? ?11 .-.hips in port avail f .itilo for immediate service. This? -hips are rapidly being prmtded writ] a.I. '|.iH?e war stores, coal and ammu ii it ion. A special train arrived a? Pover las night, earning seamen t.? co:nplet? full crews for the warships there. Nu Assassination Kunmr. A rumor was current in Paris last night that the German Munster ic Belgrade had been assassinated. In? quiry, however, disclosed the fact that the minister had merely left Belgrade lor Ni.sh. The London morning newspaper' fully realize the gravity of the crisis, "The Da.il*' Mail" thinks that unless the war is localised Europe is faced with the greatest catastrophe in its history. "The I?aily Telegraph" con? siders that the German Emperor holds the fate of Kurope in the hollow of hi.? hand. "Wa ha* e before us," says "The Daily Telegraph." "the appalling spec? tacle of a first ? lass power rushing to arms, and Kurope, convulsed and sick I with anxiety and fear, watching Im P'itetitly the conflict she will be unable to control.'' Peace May tie Pangcrou?. "The Morning Po?l" in a pessimistic vein asks: "If Austria does not wan? to annex Servian territory, what i? the political purpose of her wa* ? There must be some motive other than mere revenge, h seems- that Austria ia de? liberately challenging Russia with the approval of Germany. It is a struggle between the Triple Alliance and the Triple Entente, and it seems difficult t . decide which would be the greater mill fortune F.urone's acceptance of the challenge, which would be followed by a great war. or non-acceptance and the consenuent domination of the Triple Alliance." All the newspapers express the fer? vent hope that the diplomatic negotia? nt St. Petersburg will succeed in averting the feared conflict. FRANCE IN READINESS IF ORDER COMES TO MOBILIZE . - A ' Paris, July 28. The news of the of ' declaration of war by Austri ???anst Servia spread like wildfire thl ? suing *.r. Pan?. Crowds gathered 0 the boulevards reading the latest bul letins in a ?lutet, orderly manner, hot and then interrupted by a pas?"n croup of socialists shouting helplcf.il ;or peace. With but few exception? Parisian? I ?ther men, students or city youth* ?r*. refraining from tumultuous den, ?nstrstiot;?. They ?ecm calm and ISI shitS an I fully determined to face an ?mergency. The crowd? in the street totally different from the nervoui Il ou?- mob? of the Dreyfus days ?? ihe f?roc,oii , gangs o' youngsters th:: made >,uch an uproar during th < m eu'e.? c?u?ed by the separation o < hurch and State. Tod*?. ' patriotic fcclm*-? o *? the ration is visible everywhere, an, ^ the lirst time during the pres?-n I .ration Frenchmen are all united ?y regsrdless of political parties o rrssds. l re? ? i ? i ???.ing in th, ? hsrtihcr of Deputies tins afterr,oo:i o -rroap of fiftj L'ni! ee* ... Ext? ?? i <ia!i-' Depot ?? merely passed r?solu tions denouncing war in an acadcn.i wa y. Ant i -Militarist Dei Ural ion. The resolutioa declared that the in Ration of Russia would extend a,, aggravate the e*.,l< of war without ?!? fering any sure guarantee, of " ? A to Servi?, and added that Ir. ? ??hich ha* foregon? for forty year? in est! <>f peoCS her ???-ire. iii recover Alsace-Lorraine, ought ncl atrm becas <? of occHt agreement*? a!* ;ow her ?'f to be drSWB into a confie* <?-. ?r . ,. ? A committee eoasisl ng of Jean !*?r?-? sad other? wa? appointed to i ' ?nu Martin, actin? Pr?mier, with a copy of the declara* t.on and to ask him hi.? intentions con? cerning the calling of an extra session of parliarnei,'. Trie SSSaifOStS w?* made entirely repreaeatstiva of the party by all the 104 Extreme Socialist lie\, ,? . ng it. '' }'?'? replied th?t the ?ailing together of pailiament imrne , | *. ? . , . . ...... ? ti,<::,'. imd f.'i ltst?tS?Tnt to sub I alnr,.'. 'iin endeavoring to r,.a>.e SsT-SCtivc the Brit? i?h proposal foi mediation, which ?ought, tb?; best rnear.?, of avoiding an '',' .'?I.flict. Military preparation?, is France are ' ? -?lUntlv but effectively puiihed 'ormmrd mm fur as pos-ibl?! **.h??rt of aetual mobil.xatio'i. Rolling ?lock is <>ui?t'y being concentrated at the mont ? ' ?i point* tO foci I its U the execij '.OJi of any faohiliSStlOfl which may be i,idt .'< l l'ai r?otii eatlmen! throughout ihe country II assaif? U every?*i.? re, iron, Dual * lo '??? am . ' i. ? ' ,'.., all in ; ? ?, manner, without tu? mult, ivvagger or juijc ?e Vivi/in,, ?he V rem h l'?em,er, s to ii on board the battleship I? ? France in th?? North Sea, was in fre qiK-nt wireless communication to-day with the Foreign Office here. He il re? turning ;o Prance as rapidly as possible and it due to arrive at Punkirk to? morrow morning. French ( ahmet Summoned. Baron von Schoen, the German Am bassador, liad a conference with M. Bienvenu Martin, acting Premier, at the Foreign Office in th<* morning, and the member^ of the Cabin? t were at once summoned to meet. Abel Ferry. Under Secretary of State for Foreign Affairs, left Paris imme? diately after the Cabinet meeting to meet Pre.-nlrn* Poincare and Premier Viviani at Dunkirk. Transact.on on the Hourse to-day were limitad and quotations generally were about the ?ame a? vest, rday's. but the tendency wa downward. French :; per cent rente? were quoted at 78. Price, a* the cloae of the Bourse were low. Kvchange on London and private ot quoted. The suspension of all trading in futures was decided on at a general g today ?if the Commercial Kx ? hange, dealii g in grain-, sugar and all r. hulk. This decision will m force until an improvement occur?? m the international situation. A lariff number of noted French avi lod b* Roland Garros, In a let? ter to '?he Minister of War, have of? fered their services. Maurice Barr?s, member of the ? hamber of Deput <? and president of the League of Patriot.-, has issued a call for a big demonstration on the ar? rival ?? Pai ? !'? Idenl Poinear?, to signify affirmation of the Triple En? ii.l readineaa f??r the service of Fiance. FRANCIS JOSEPH ISSUES MANIFESTO ? ?nl.n.inl Iron, |..(. I demands of my government and refused | to conform to the obligation*, forming "he na'uial foundations of peace m the '?? ??' ,?.,.,,:,. ?,,.,i states. I mi? r, there ton, piocc-d by fore?- of arm? '., secure indispensable pledget which ?loge can insure tranquillity to new '?A-. ?.*. I thin and laating peaca without. "In thia ?o?..inn nour I am fully , oi, I ?.! t> a v.l.?,:?- ligaifleanca of my ?- and my raaponBibiliti before the Almighty. I have examined aid weighed everything, and with m.-m con ciencc 1 m*t out or? thr path that duty points. .' tru-.t in my peoples,, who thro'igbout rv.-ry rorm have al? ways rallied .n united loyalty sroun't ?hro'i ?n'?l have alvcn-, MM pre pated tot 'he ?ever.- ? MCI i? ?''?? for Ihe ;-M.. . and "night of the i and j "I tri. ? .n Auctt,). Hungary'a brave ar.d ?l.-vo?? <i fore* and "? Ina Ain .-? to give victory to my aim 'I be Emperor'* manifi '<> i? a?l ?Ir? ?ed to all bis people. J he city is abf.oluiely without news SER> IAN TRI '??PS IN M< >:. \T.\I\ V -.R Rival nations have ?"iin<] thai mere numbers cannot prrv.ul against King Peter's soldiers in this ?'iriii of fighting. to-night of the movements of th troops, which ? h" papers are naturall forbidden to print. A sharp cenaoi ship has been established over th pi??- and al! meut.? of communicatioi A gr??.'. quiet crowd, which eonstantl increased in numbers, asMmbled he for?? the War Ministry, and rheer greeted the appearance of military on m and officials of the Ministry. Advices from Belgrade sa) that th Servian capital is non loca'".! ;?t Nisi where ?be Skupshtma I national a5 wmbl] ? met today. All Sirvian- be tween eighteen and sixty years <>l able to b"ar arms have been railed on and mobilization ia proceeding rapidl) although the peasants, \,;i" will ha? to leave ?hen- harvesting, are report? to be much discontent? a. The Ministry of Foreign Affairs ha addressed a rerbal note to the forei? representatives, ...forming them of th declaration of war and declaring tha Austria will, on the assumption o aimilar obMrvanees on the part <> Servia, adhere to the provisions of Th Hague conference of October ir.. 190*? and to ti .- Declaration ?>f London 0 February 26, 1909. Auatria doe? not reject 'he idea o mediation between herself and Ku? i as incompatible with her dignity, bu she funih declines to accede to Sir Ed wart* Grey's proposal 11. at neutra powers mediate between Au-tria am Ser* i.?. If the necessity arise?1 late there : ppeart to be no doubt that V? tin? n '1 accept friendly offices ?''1 r? ?rn:< 1 to Russia, but for the iimmcn mediation is ?r?rarde.i i.? entirely ?n perftuons, n?? Austria an.1 Russia an engaged in direct diplomatic eonvena tier:-. ?.r?.l this is considered ene o thr most hopeful signs of the lituation Au-tr:n has given definne assurance to Russia and all the powers that sh< (\ot< not desire territorial cvpansiot and that she will limit the scop?* <? the war !?> exacting reparation fron Silvia, om- of the conditions of whicl will be an indemnity for the COSt 0 the present operations. The govern !?.??!:! recognizes Sir Edward prey'i friendly intentions, bit ion i.lers tha it would be incompatible with its ?lip iiity to allow nn*. external interferenc? in a matter of this kind. The suppression of the anti-Austrisi r.vi'a' i?.'i has been carried on persist e tly with the knowledge and suppor of tl ?? Servian government. Thi;- sup pression i-? essential to the safety .. the Dual Monarchy, and it is felt thai a vital national question of such im pnitai.ee ihould be excluded from arhi trat ?Oll und mediation. Austria is dc termined to carry out her pun it i V? campaign against Servia and will nol terminate her military operations until complete reparation has been exacted, a-There waa an abnormal rite in the price of provisions to-day, which caused great indignation on the pa?t of the public who flocked to the mar? kets to lay in stores in anticipation O! a possible scarcity. Vegetables in many cases trebled fn pnce. Peeling ran so high that in many instance! stallkeepers in the markets wer. i. obbl ?I or BMBUlted, and the po ici had to be called out to fstore onlcr Th?* authorities declare that the sud 'lent increase in the price! of pto vit 01 and vegetables ?a totally un? warranted. A permanent committee appointed to deal with the queation of provisioning the country ?at to-day to discuss Ihe regulation of prices, in order 1o pre? vent the public being cheated. A simi? lar meeting with the same objec' alaO was held in the Pict. It was officially asserted that there Wai no reason for apprehension with regard to the food supply, and that it wa needleai for citizens to start the Bceumulation of stores of provision?-. The only effect of such procedure, it wi added, would be to still further ra i " pi Official arrangements have been made tu take care of families of reservi?ts? call ?' to.loi - in tha ?vent of a reservist being killed or reported mi-s? ins a.i allowance of about '_'?'. cents a day for euch mini' and 1-".: cents a ?lay for children will be continued for si\ months. It i- reported that Emperor Francis .losiph has ordered the court removed from l?chl to the capital. Attempts to <!i--mih?Io him from ordering the* re? moval were met by the rejoinder that he inu. t be at headquailcrs. The -rni-official "Frcmdcnblatt" ?ay ? : "War has been declared. To the peo Austria-Hungary there has been for day no doubt that ii was Inevita? ble, and popu'ar sentiment has given emphatic expression to its ratification of the deciaiona of the government. "VY..I is also a fact for Kurope. There is something else BOW apparent to Ku? rope. It sees that Austria Ilutigaiy is not only a political and constitutional entity, out also a national reality." CONSUL'S DISPATCH TO U. S. HELD UP Message Which Was Dated Two Weeks Ago Said War Was Certain. -.. Tli. Tl noIII' II .? . Washington, July ?.'?. That tiie present outlook of war hetv ?en An ti.? and Servia was not m unexpected as is indicated on the surface is evi denced by the fact that there was re? ceived at the State Department to-day a delayed WMIIH from an American Viee-CoaBnl in Austria, sent two weeks. ago, which Bald that war between the two ciiintrie? waa certain. It is prob? able that the cableg? am was held up by the An ?nan au? hont \p... Jt said thai war was inevitable and that Aus? trian troops were being mobilized. 'Ihe " ' .'? i. ptmoti ? : only te .?... Ihe Austrian \ ..on ? n ?,,i , who is BO? a' Newport, Will inform tin trov rrnment in due cour?<* of Austria'* declaration of war. When that notili ration rom,-, the |*re ?id-lit will pro? claim America's nculiulity. TEXT OF AUSTRIA S DECLARATION OF WAR Vienna, July 28. The text of the deciaration of war, which was gazetted here late to-day, follows: "The royal government of Servia not having replied in a satisfactory manner to the note remitted to it by the Austro-Htingar?an minister in Belgrade on July 23, 1914, the imperial and royal government finds itself compelled to proceed to safeguard its rights and interests and to have recourse for this purpose to force of arms. "Austria-Hungary considers itself, therefore, from this moment in a state of war with Servia. "COUNT BERCHTOLD, "Minister Foreign Affairs of Austria-Hungary." WAR SHOCKS STOCK MARKET; GOLD CALLED ? ?mtlnneil fr?>ni in?e I i having apparently an unlimited i ;t" ply of stocks to throw over. Con? tent's lea?l ?.vas followed hj many other professional traders, and selling to protecl weakly margined accounts helped force prices down. i anadian Paeifie, th<* favorite inter? national stock, led in Hie decline. Th I ? broke rapidly until al one time ?I almost '?'ii point; below Monday'? dose, the announcement that the ? ?changes cf Montreal and Toronto had do prevent failures and furthei demoral /ation m those centres helping along those seeking to make lower pnces. l.es**on for "Stale-men." Here wa? offered an example of the value of the short selling thst itst? men from the alfalfa bell would pro? hibit a? immoral. The stocks that Europe irai throwing ,,?i thii market an idea of the volume may be gathered from the fact that one house little known even to the ;r.ul;ii'?' public sold .ki.OIiU -liare eoulI not have been absorbed by any uve 'nient demand or commission house buying. It was tsken by the I ?,rt.-. who, having sold at higher lev? els m anticipation of soma snch hap ; pening, were converting pspci profits into bslsnees si the bank. The amount of this :rhort interest was larjre. much larrjc-r than usual at this season, because o,' the desire tu anticipate sdverse ne?-, s from the In* teratate Commerce Commission and other Washington sources, and il ?? i d as a buffer between Europe's selling and such demoralization and smsshing of values as the Stock Exchsngc has ? ii ;>i years. While this WOS going on on the floor ?if the Stock Escbange, customers' rooms in commission bouses were crowded, ??nd for the tirst time in more .month? than most could recall the ticker was minutes behind the n and the HOW unrom 0:1 speclscle ot two Or mors boys bavins- the busy times of their live? putting up quota? tions was the rule. Seemingly everybody kne-.?- where the selling was coming from without ask? ing, Who was doing the baying ws the query. The answer thst most often came from the Boor was Mthe shorts." When it became known that Canadian exchaniies had been closed and rumors that Russia hu?l come out Into the op? n and was massing troop- on the border preliminary to attack in?: Austria, stocks came forth in their largest volume, more than SOO.O00 fhares beiiif-; done in the last hour. Then, ?vhen the Street -top.,',1 to tnk< breath and look over the work of the day ,it found that, after all, the decline was not so great. The average, measured by the change in thirty rail roadi and industrials, commonly used in such computation?, was but ?'. ; points. The heaviest loser of the day was ? anadian Pacific Sellins* at one time nearly '?'() points down, at 157, it closed at 161 ,, a net loss of IS Doints .,11 t ran-action? of almos' M.OOO Ama! sramaU-d, also an international favor? ite, ?as i,',f ,','? Rending, sellins? ex dividend, woi "if f 1 Southern Pacific ".as ?''?*? lower. Union Pacific ?.1 ,,ff ?", !? points, and steel, In which transac lions were approximate!) 200,000 share:-, wa:' off ,",,*j point*. No?? Haven Stiffen?. New Haven, of late the football of the Street, was cumparati?. ely strotii??, it losing but 1 ** point?. Nobody could estimate with any de? ???ne of accuracy the amount of ' ? that had been sold here for Ihs ai count of Kurope, and opinion was ,li vided as to the extent to which the short interest had been eliminated. There was no doubt that the old short 1 interest was largely covered. The real 'question was the extent of Ihe 1,. . -hoit interest created daring th?* day. It WSS announced as cot,?i,|?i able, but that was ss far as any SOS rand to i? 1 ' Review further ?bowed thai v.hnt ???as in bass I"? 1, exasetsd ha.I hap? pened The tir-t ?1,01k of arai in ' 1 reps a/as bouii'i to tin,1 reflection h re, for, us Henry Clews, aha hss gane throiii?h every ?lift urbam-e ,,:' wo-ld's markets sisea the gtrSSt pin* e at 1M7, asidi "I he impsl ? si he limit! is in turn aseariti?? into ? i 1 Tin* MlUrai of Anieiicaiit* by hum*,,?',' even if the European exchanges ha 1 remained open, was to have been ex I. In time? of trouble the BC curitiea that are thrown overboard are the ones mosl easily ?lable at the least lo i, ami that i?? tin* deaeription nf American -ecu ?tie to-day, Wall ? realizing more keenly than elae where that more often than not the g.I ? old i?? prot? ??* Hi" had. Ii wa this knowledge that acnt the so <?;?!!.-.i bargain hunter Into the Street, and ? 1*1 int that odd lot i ..?i. e ?-'? bich eater to tl i lement and to the small investor reported a good busin? ?a on the buying side, Locally, whatever news cam? out at not bad. On the contrary, the steel report was better than had been expected by the Street, which u-ually is pretty accurate m its guesses i :' srhat the earnings upon ?.;' the big corporation will show, and the trou h!. -, ?.!' the ii tarnational (.reat North cm over th?* extension of Its not? . which at ..ne time last week threat ened to end in a receivership, were adjusted. A feature of the adjustment wa option to the bankers on the control? ling interest m the company, indicat? ing that !h<* (.oulds may .-uon he out of the control of another property with which the family has long been identified. The ease with which money ruled ?luring th.- day was satisfying. At no time Was there a scarcity of cheap rail funds, ami time loans were only slightly firmer. what the morrow might bring on the exchange the prophets were nol .1; ipo . ?I to Say, I' "a po liblc that anything might happen over night :u Europe that would change the entire situati? ? Foreign ?Esrfcaage a Worry. The foreign exchange poaition was the one thing that tended to creat. worriment. Daring yesterday prices rule?! abnormally high, franca, t'?.r ex? ample, selling at 20 cents, or. a? the Street put it. at lie'es, meaning live for a dollar. Quotations for demand and sight .irai'? - were t.. a great ? nomina!, for while the higheat public? ly limited rate for cables was 4.94, some of th-* largest huyera veri- pay? ing 4.95 for such accommodations m they needed. In tin- early morning, as The Trib? une announced, the Kronprinzessin Ce ailed '.Un more than $10,000.000 ,i. gold for Kurope in her hold. This and the $2,750,000, the sale of which by il.? Sub-Treasury for delivery >.*-t?-r day wa announced in The Tribune, exhau ted 'In* supply of bars available i.t th;? centre lor shipment. Recourse was then had to shipping coin. All told, according t., sub-Treasury fig ur i, tha? institution parted with $16,? [.00,000 in eoin am! bar? ?luring the day, of which amount Canada got $750, ,.?,i. I I in execs of the amount * reported for engagement by th? big foreign exchange bankers, who a fig? ur.- indicated th..* engagement of $13,? 000,000 on the Carmania iCunarder) i tul l.a Savoie (French), which leave f-.r Europe to-day. of this amount Lazard Freie? will send $2,000,000 in bai .i .1 ? 500,000 in coin ?In? .?? to Pal i-: Goldmnn, Such ?V ?... $750,000 ??. I...mi.* ,n bars; Bernhard S.-hones .v Co.. $1.000,000 t.. I.ordne: Ki.ider, P'-abody ?V Co., $2,500,000 to London; H.e Guaranty Tru t Company, $5,000,? null to the ,i?ni centre, where the Na? tional City ?hipped $1,000,000, and Heidelbaeh, k-kelheimer ?4 Co., $750, 000, al ?? to ??.?..!??n. >HM..100.niM1 Since Januar) I. Th make i .. total ? f $100,100,000 to . ? i in.- the !.i t ?.f the year, ami 2.'.i ?0,000 n .-. the m..'.en,. i;t was H- tl tu? d la il W< e... i.? -?ii'.\ .?-i gold cargoes went lOatring ? \ ? ?!:..*, ,i..- average pre n .un i. ,1.1 v. the 113,000,000 th tt will .i ' to ?'.?. h. ing i '. cen? .? hundri d, ?i >i".. t three timea tha normal rate, which .- about ?'? cen??. Some of the poli? . placed v? iterday wen? written ..; . price in i cm ??f 28 Muta a hun? dred, a m?, i profitable rata sa long ai I.? I" PS al e i ? to untere, |. . of the Inaurantce underwriters '., ii".I M ?? fold Bf m I ti"* I' I? * "f ... .r ?I noue, unie - tlicyal.ni.di.il thel ....' ? .ni?lined yesterday, will do ?.. ? i in ?. : m.?' ?? m being, a m tan > >? ?. ?relay on war riatfa m ajMeral careo? and there srera ?i.|**irtai of note foi . ?ich aic?'iiiiii'idiili??ii. j WAR SENDS WHEAT PRICES SKYWARD Excitement Unparalleled in Chicago Since Days of Leiter Corner. RISE TO *2 HELD TO BE POSSIBLE Day's Advance from 8? 4 to 9?4 Cents on Transactions of 100.000,000 Bushels. ... | |rm- Th? Trihue'* ' (lucas.'". July ?. Scones unnural Ieleil since the dsyi when "Joe" Leiter was trying to corner the wheat supply of ? a world and grain ?h? rushe.J to Chicago m Pullman car' lor lack pi other transportation ??ere enacted ? i the pit .-'' the Board of Trade to day, ,...,..,.. fol.k the announcemenl that *.,?,.,, i id formally declared ??ir u,i..ti Servi?, pnces advanced nslt s cent a bushel between trade*?, and till ferencc? of one to two cents men quoted in trade? dans in diffsrent parts of ihe room. The rlo-e saw September up nine cent?, with brosers insisting upon margins of 20 cents ? bushel on ??11 trade?, the itiffesl demanded in more than fort? years, and many brok"i ? declaring thai |2 wheat was among the possibilities. It tros the busies! day and the mo?; exciting the Hoard of Trade hos known if years, and when it erg* ?ivet* wheat rai up fron B?? to B * cents on tram actioni totalling IW.000,000 bush-h, *.M'h sympathetic advances m com and the minor Kram?, with no bsars m light. ?(unk Kiss of fi'j Cen??. The pi! ??a- Mcited at the opening, vith the hesviesl trsnssction? in Sep? tember, snd from a lar! of >*?','? cents quickly sdrsneed to 89%, a jump of. I>'*i . eut I, "Dollar ??heat" was the slos*..n everywhere, and under the conditions impo tibia to gel orders CSS? cuted at a tiled price. It was "at ih? ?'* or nothing, for transactions were out tripping telephone and tele? graph. This condition prevailed until we,I toward the close, when after a leriei mos! .ti..ii reports, as veil as the wildest rumoi . the gong -..mude.I mi t after it was reported that the British battleship squadron had been ordered lo mobiuze. 1 '? < pi) ?-.a then packed with per spiring brokers frantically shouting in ii,] effort *o execute as many orders as possible before the expiration of the time limit, th<* hundreds forming a ?trugglin-r, howling, hooting mob and creating a scene lone to be remem? bered b) the crowds ths! ismmed the gsllcrie-*. Ha?? of Leiter l?e? ailed. When trading clo;o?l with September ?vheat i|U.ited at .i*J:. cent- a bushel it was estimated that business was being transacted al the rate of 8100,000 a n?'iiute. The oldest traders declared that nothing like the ??cenes ha?l been enacted ?m the board since May. 1808, Le it? r ran a corner in wheat and the price ?if the produit rose II cents a bushel in a tew hours. Althousrii failures were momentarily looked for, none was announced. To nigh! however, margins were beinsr called for righl and left and to such a i Ide degree thai ?I seemed certain the volume of business to-morrow would o, greatly restricted as com pa red with to-day, regardless of how high or low the market might go. Stories of fort? made and los! to-day were nu? merous, but in mOSl COSOS were not well verified, Th.? mos! specific esse of sudden riches wss ths! of a here? tofore obscure trader who made $76,000 in exsctl) i,v.* minutes. like <lo?ini? Kxchange. In -onie qusrters there was :i dis? position to-nigh! to regsrd the calling of margins to th<* extent of 20 cents n bushel as next door to the action of European an,I Csnsdisn suthorities in locking the doors of exchanges out right. The effeel ?,f demsnding such heavy protection for brokerage houses, it was .aid. would be to restrict spec? ulation to a minimum und to shut o'T venture- from smsll cal,hie traders who might easily work far-rcachinc damage b) no! stau,lice: by obligations should the market tak?' an unexpected course. ?I gh margins were defended to i igh) by those responsible, the ground beiti'- taken that the present situa turn was only paralleled hy conditions in the Americsn Civil War ami at the time of the Praneo?Pru?sisn War. Hurinsr both of those conflicts varia? tions of 16 to 'JO cent- a day ?m wheat \alues were not unprecedented, and mij*h'. now he yet equalled, cither up or down, if not far outdone. (lose observer? of market condi? tions said that to-morrow's develop? ment*, in the ??heat pit depended on the character of the war news re? ceded. Al to the ultimate effect of Ihe war on price? opinions of trader? differed. Possibility of *2 Wheat. Some expressed the opinion that if I ni'laiid. Germany and Prance were ?ir oived wheat might sro to ?2 a . while others declared such ,-? sensational ri-e whs improbabls bs? cause of the creat risk m attempting .-'nu,m.'nt~ of grain to blockaded ports, <". II. I'wihy. presiden! of ih?; Chi? cago Hoard ot Trade, said: "This is what m igh I be described SI a 'fear' market, basi'd on apprehension of wl at may .... or. The opening mar? ket to-morrow will be determined en? tirely by ihe character of ihe war ',.'* received Wheat may open high? er and it may not. When the price starts to drop tl may go down as rap? idly as il sd? ?.need. "in the ?'..ut of war involving the big Europesn nstiona I think the when! market in this ?-ountry ulti? mately would be weakened after the firsl rare has passed away. "War will remit in the blockading of the important port--, an increase In freight and insurance rates, and ths demoralization of the r atatMaf change. That would make Jsmm of exnorting grain to contin Europa e.trtmely harardona v.-, ??i,l no: Ihe '??:???' pri? ?'s "Pnre?*t [think th? re ia not a po??sibiht wheat going to $2 at s n"?!' of ' "It -va? ,*t times perbapa one oi wildest '??-? in the biatory of th" ?ago Hoard of Trade. The volutr business transacted vas enormous ?here is no way of accurately m mining the exact figure?." DANGER OF MOBILIZAT If Germany Once Started Could Not Stop. Rerlm. July 28. The ambnaaad? gathering at the weekly receptioi the German Foreign Minister, i/on Jagow, late this afternoon, war? cidedly p?1 simiatic, althoueh moi ? ??-? preaen. had no knowledge of Austrian declaration of war. The British Ambaaaador, Sir Edi Roachen, visited the Imperial < "nai l..r. I?r. von Bethmann-Hollweg, as as the Foreign Minister, and it surmised that he was pressing upon German government the DOCMBit) aciion to preserva peace. A German official pointed out thf mobilization orders were issued t1 would 'ne no possibilitj of reeal ri , na or or' Germany resting on armn while negotiations continued the strategic necessities*of war on two fronts would force Ormany strike immediate';.- and hard. DIPLOMATS BUSY IN ST. PETERSBUK Conflicting Views on Ii pending Chastisement c Servia Discussed. I ii; Cable ??-> Th? Trtbun? 1 St. Petersburg, July 28. Diploma ations are ?sKi'-g place betwi Russia ?m?I Austria over differences opinion arising between Vienna and Petersburg a.? to the ehaatiMment Si rvia. The Austro Hungarian A I ., ador had a long conference to-c with th.- Russian foreign Minister, a the Russian Ambassador in Vienna a conferred at length with Count v Berchtold A ?soothing effect has been produc lier*? by Austria-Hungary'a definite pudiation of any plans for conquest the Malkan peninsula. \'o indication is ye?, to hand of t views which Russia is COmmunicati to Austria, but it i; stated that, t outlook is regarded as hopeful on i count of the continuance of the e change of view ?. The following official commun:cati was issued to-night : "Numerous patriotic demonatratlo of the last few ?lays in St. Peterabu and other cities prove that the lit pacific policy of Russia finds a sjrmp thetic echo among all classes of t populat ion, ??'I he government hope?, neverth le.?, that the expression of feeling the people will not be tinged with e mity against the powers, with who Russia i-? at peace, and with whom si wish?- to remain at peace. ?'While the government gathe strength from this wave of popul; feeling, and expect ?' subjects to r tain their reticence and tranquillity, confidently on the guardianshi of the dignity and the interest? i Ruai i.i." Virtual mobilization in pro?-ceding i the we t ami southwest, from the (,ci man frontier to the Black Sen. WAR SPOILS PLANS OF U. S. TOURIST. Spy Scare ?May Cause American on the Continent Not a Little Trouble. 1 '<?- Cabl.The Ti Ibune 1 London, July 28. -Fearing a Euro pean war, man;- Americana a > ha been planning prolonged Continent? trips have temporarily abandoned th I and decided to remain in Eng London hotels e\nect another lar;:, number from the Continent fron now on. Some nre determined to go to thi Continent, anyway, but, possessing *.i pasaporta, are now requeating their from the embaaay, whoae officials ex peel other American- to do likewise,a? many tourists are not provided with them before leaving America. Tourist agencies informed many anx? ious tourirts to-day that while it i i'ii sible to re.-u-h Vienna, which : ? th" Mecca each year of a gieat number of Americans, >?*t it is impossible to go further, besides being unsafe to do so linder the present conditions. A number of Americans are on tramping trips in different ";?rts of Europe, away from beaten paths. It i ? feared here that the spy scare, espe? cially on the part of Germany, mi \ cauae them temporarily not a lite? trouble, especially if unable to sh<> passports. A prominent American here laid t..-.lay many visiting watering pla.es ?n An-?ria were prepared leave at .i moment's notice, while auto? mobile touring parties were keeping ii. touch with the situation. Those booked t sail for Continental ports m -\ ? neat future an* worried at the turn of e\ent ? Among Americana on the Continent are the Chicago railway commission ami fifty delegates to the recent mu? nicipal congress here. London's hotel lobbies presented a" animated appearance to-dav. with Americans diacusaing their frustrate?! plan?. WAR RISKS* AT LLOYDS Insurance Rules at Five Time? Above Normal Figure. London. July :'.?. Insurance opera-! tiona at Lloyds yesterday against the y<-1- ??! war included business cover? ing specie shipments by German linen from the 1 n,ted States at live shillings per cent. The normal rate is one .shil ling. Hundreds o/ Millions in U. S. Vaults Create Confidence Here Washington, July 28.?With a billion and nearly three hundred million dollars in gold coin and bullion stored in Treasury vaults, and about $600,000,000 more of coin in circulation, Treasury officials said to-night the United States had no cause for alarm over the tremendous shipments of gold from New York to war-clouded Europe. Of the $1,286,216,783 in the Treasury at the close of business yesterday $495,411,806 was in the Denver mint, $318,940,929 in the Philadelphia sub-treasury and mint, $241, 404,904 in the San Francisco sub-treasury and mint, $75,731, 648 in New York, $79,903,627 in Chicago, $33,260,547 in St. Louis, with the balance scattered at eleven other points through? out the country, including Washington, Boston, Baltimore, Cin? cinnati, New Orleans and Seattle. AUSTRIA CALLS ON ARMY DESERTERS Grants Amnesty to Sub? jects Here if They Re? turn to Colors. SERBS IN AMERICA OFFER TO RETURN Consul Says 5.000 at VV'ilmcr? din-,*-. Penn., Arc Ready to Vol. unteer for Great Struggle. Thnt Austria-Hungary expect ? !,inf? am! desperate conflict ?Aas shown ) ?S? tords** when the* eo'.sulate m tl?:- i *. M.-ei'ed word that a pen eral ?mi ? ould he granted to every subject of F'nperor Francis Joseph in thi< country who had dessrtsd or had riot serve.! the required army term, if' he would Immedistoly offer his servi?*?? to the i ? '"i rh? impel si .ie ?re* al ..i Included th? tt-xl of Ihe new Isw which promise? supp?t, to the wives and rhildien of reservi its ?under arm.-*. Accord i ng to Dr. Friedrich PischST? suer, the vice-consul, 'here ?re pioh sbly not more than fifty actual .|e. prier? now in the United State.,. Mo t of the .\u-itro Hungarians liable for army dut*,, he said. ar<* men who, when under twenty-one yean of ?pe, came over with then* parents. Dispstche? brought the new? thst only reservi t, \?!n. belong to th? troops Ordered mobilized havo been called upon to join the color?, The ? line dispst nd cated I it .???rai mobilisation had been or ? ., i? d, snd ? o :!|e ma jorit] ? ' I l . o-Hungsi Ian ubjeet? is ths I'nit.d S.ate? ??ill ?\ait before failitig to engage m ' he ?< ,ir. So fsr only indivldusl call*? hsvs been issued* ill the COSO of a general mobilisation .-ill reservists Irvine; in thu country ??ill be notified through the ( ?. nsu; It. is expected that thsM reser*. i?t* " ho hs c i". n called in will ?ail ?n Saturda) on the Martha Wsshingte the Austro llungsrisn Uns,, foi h A Imrge number ??Im hsve no! setually been called expect to ?-ail and have ."I their intention to the ron?!, late, which yesterday, as on Rundsy snd Monday, ws crowded with rag.-r .?'ie . tionei Dr. Fischerauer feels tha? hi? native 1"?id has been placed at s d sd intsgs in the eyes of the United Ststei s'nee ? <?ii* *.?ar talk hogm.. "Servia i- s Isnd where con: * are terrible.'' ha .-aid yesterday. Only ? her Kings Milan ever escaped ? on, am' he fled to HuHgsry and died there, leaving behind him the injunction that his a-hes should not be buried in Sei, ?an .-oil. He tested the;* would be disturbed. "Some Americsn citizen."? seem to think this is s war o* sfgrassios. Francis Joseph has relamed for si\ year-., and it has been I. have Europa at d-ss-cc. For \eais he . ? tood firm on this. And now, if ru last he hss given his consent to war. it must be beca une it ??as of the utmos* necessity because he could no longer allow the national dignity to be in? sulted. Looking al it economically alone, it costn W,(MW,0W innre a day ' - carry on war than to he at pea. ? . Telegrams, letters and personal In? quiries continued to flood Paul Psulo? vich, the secretary to the Servian Con? sul. Tiie telegrama came principa!! from Pittsburgh, Chicago, St. Loafs nr, ' Milwaukee, -?here there are laic?' e onies <-.!' Serbs. One from Wilmerding, Penn., raid b,000 men \?cre ready te volunteer Mr. Paulo-, i.'b sai?! the Servier ? sul, Profei ?or Pupin, ?lui rot wish *?> stir up his people. "They are read, ci.ough ?o Ugh I sai.l. "but we lia*, e not done any re? cruiting. They will be ready when the tine comes.'' There seemed to be ?mall doubt of ?'. *. for ? " si -I *'? ? of t1*? consulate \,*cre filled with men. all ta!?. injr of' war. One of them ?-poke ??1 : *? terms of the new French rifl : the Servian army had adopted. Professor Pupin will return ts-dsy and remain in New York for son'? if the present sctivity in Europe continue". He will be present on I day a* :? meeting of the editors i Slavonic newspapers, who are an., ?> ing a gisnt pan-Slav meel ng to txttt place in Cat;,, rie Hull, probably on Augui ? - Ivan Okuntsoff, editor of the "\\w 31o? o." a Russisn dsily. expn hone thst Russia would be aroggedisto the war. He raid: "Edurated Russisn? res; let * America would like nothing better th?**. to -, . Russin 'ngagc in the Eui war. sn ! in ?I meel .1 isti The more complete the annihilation o' the imperial government resources the sooner we shall have s SUCCCSSful l**)C*isl revolution in Russia." FINANCIAL'CRISIS NEAR IN BERLIN Hankers in Conference in Effort to Avert Crash Drain on Saving! Banks. [ByC ? ? ' . m - Rerlin, July -?*>. Conditions in the Rnsncisl world are becoming incresi ngl) grsve ami a crisis 1-* imminent owing to the nervousness of both large and small bank depositor?. The runs on the savings bonk? continus unabated, large lines showing outsid? the institutions throughout the dsy. The rule of sdvsnes notification of withdrawal of funds ??-a- rigidlj forced Banks are paying out golrl ??ith the Utmost reluctance. No' than 10 per eent s? withdrswsli paid out in golil. The wholesale withdrawal of R fund? from th? Gormas bank- * ing the deep? : eoncsrn. I'm* R? I .ink his decided not :>' raise its rate. though il admit? that -.t*. rasonrees ?re taxed heavily, it-, meta', reserve ????" ?le-.'.lt' ab,,ut %4'ZOftOOfiOO, of which Ml.-..111111.001? la KOid. Berlin banker.- are conferring daily with .1 ? , finding a means si SI resting the panic ??huh is now deemed aim? it ?net itnbli . TWO STEAMERS SEIZED S'ish, Servia, July -S. The Servian steamers Deligrad ?nd Morava *.?>?: ?sisad to-day at Orsovs, ?>n th.* Ds ubi*, by lustrions. The Servian ? were hauled ilmvn am! the Austrian lag h,11-led. Ih.? l'Hs.engeis we.e de tallied ??.., BUY "MILLER" LIGHTING FIXTURES AND LAMPS l.lr.trl. . ?In? at Oil ? unie ?tiiil *?ee ?>nr I I.K.iiil ?. .?. in ? mill I ??lii.lte Hr ?tSJOO. I ????* Healer? -I.,,,?1,1 l.xe ?III I I It * I ini|i. I..1 ? lie . ?f 11..1 ?,,11 ,?11 la* Iii, 111 f 1 0111 Edward Miller & Co.. Basra,. SS ami '.it Park lime. Neu \??rk ?to, ?bolt n?J4 Iruui ?vol ?or? I? ttuUt-Uag*