The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-28
LINER TAKES RECORD
GOLD CARGO TO-DAY
Cecilie. With $4,000. OO0
Aboard for Europe. Greatest
Treasure Ship.
RUSH DUE TO WAR SCARE
Carmania May Sail With
S8.000.000 Tomorrow
S2.75O,O0O Engaged.
RUSH DUE TO WAR SCARE

The greatest treasure shin tina. ever
sailed from the New World 10 the Old will
leave New York to-day. She is the kror.
prlnzessin Cecilie OF the North German
Lloyd Line. bound for Liverpool cher.
bourg and Bremen with $4,000 ooo n,
American gold bars in her strong m,
on April 2s. 1910. the same shin took
SO 200. 900 OF gold abroad.
The latest gold movemen; to Eufop.
began on last Friday when the National
City Bank sent $4,000 900 TO Paris by the
Philadelphia. On Saturday and yester
day gold bars were engaged NJ the sub
Company. for London. $4,000 600 Va
tional City Bank, for Paris. $4,000 00o
Heidelbach. lckelheimer & Co for Pat.s
$1,000. 900; Goldman. Sachs 4 Co. for
London. 1900, 900
In addition to this sum $3.50 ooo In
gold bars was engaged late Yesterday
afternoon for shipment 10 Paris by the
Carmanis, which is due TO sail tomorrow
Bankers laid the new demand for gold
for export almost entirely TO the war scare
in Europe, although they admitted that
the fortnightly settlement on the London
Stock Exchange, which began yesterday
might have had something TO do with II.
Other important engagements will he
made to-day. Il was said, making the
amount TO go by the Carmania at leas,
IS. 600. 900. and the total OF the movement
since Friday s22.35o,Ooo.
Representatives of the big marine in
surance companies here said last night
that they doubted n all the gold which
will go on the Kronprnzessin Cecile to-
day would be insured. They thought S1a,
under any circumstances 100000
would be the limit Of risk possible 10
cover on one ship.
Well Informed bankers said. however,
that little difficulty would be found in in
suring the gold. a. the London Lloyds
would take the risk even II the American
companies failed to look on II with favoI
Marine insurance brokers last night
quoted the rate on gold shipments AS from
5L to 6i2 cents on the hundred dollars
bue several of them said that a higher rate
might be asked for gold 10 go On the ca.
mania, which although an English ship
and outside of any immediate war Peril
has seen many years of service.
Since the first of the year Europe
has taken in the neighborhood OF SOS.
100000 OF American gold, none of which
has come back. II the Austrian Servia1
trouble is settled amicably. bankers said
yesterday. the exchange rate probably
will drop at once II war In confined 10
the two Countries the came thing will hap
pen. they said.
There was also much speculation among
tho international bankers as TO the
course of the gold movement during
general European war. II was generally
held that IL such a struggle began. and
was extended over period OF many
months or years, the United states would
get its sl00.000.000 OF actual gold back
again with many millions more in the
way OF trade balances, The bankers ar
eued that in that case the demand for
American food and manufactured products
would be so great that even the war
time tendency abroad to hoard gold would
be overcome