New Britain herald., 1914-07-27
English, Italian, German and French Representatives to Confer in England
 or AHsfyO->Seypi1n Situ1fi0n.
Wilson Intimates That in the Present Crisis in Europe the United States
 Can Do Nothing.

 f1ected in an official dispatch from St. Petersburg today saying the Rus sian minister of war had said he considered war between Russia and Austria almost inevitable.
 His statement was made after the Russian ministry had issued an of ficial declaration that Russia was greatly disturbed and could not re- main indifferent in the crisis that had arisen between Servia and Austria Hungary.
 Mobilization Order Confirmed.
 The order for the complete mobili- zation of the Russian army was con- tirmed.
 President Wilson said today, in answer to inquiries whether the United States would try to bring about peace in Europe, that he had not considered the subject, but that the traditional policy of the United States was not to mix in European af- fairs. He intimated in the present crisis the United States could do noth- ing.
 Will Hold Conference.
 London, July 27.-It was reported 
 foreign secretary, had made success full representations to Germany, Italy and France for conference between the representatives of those countries in England on the Austro-Servian situation with a view to cooperative mediation.
 dors here saw Sir Edward Grey this I~ x.y1,a aC1p1f 1nf be definitely ascertained.
 Receives Italian Ambassador.
 The members of the foreign diplo- matic corps and officials of the British foreign office were early astir. Sir Edward Grey, like Premier Asquith, cut short his weekend vacation and reached London early in the morning. After conferences with Winston Spen- cer Churchill, first lord of the admir- alty, and Premier Asquith, Sir Ed ward received the Italian ambassador with whom he had long talk. It is understood that an endeavor was made during this conference to avert a resort to arms by Austria-Hungary and Servia.
 A serious view of the Austro Ser vian situation is taken here and ev- cry effort is being made by England and her ambassadors to find some way out of the crisis. Many of Eng lands diplomatic representatives were on their summer vacations but hur- ried back at once to their posts.
 Stock Exchange Calm.
 The London stock exchange which opened half an hour earlier than usu- al, was comparatively calm at the opening, the opinion prevailing that war would be averted. The market however, soon became panicky, and upon the arrival of the bulk of the brokers prices began to slump in all directions, the demoralization of Sat- urday being repeated.
 British consols, which opened nom inally at 73 3-4, dropped to 7S and then by quick stages to II 1-2, or nearly two below Saturday. German, Austrian and Russian bonds went down from one to two points, and practically the whole list followed the example This was largely due to com pulsory liquidation on local and con- tinental account before the settlement which began for general securities today. Canadian Pacific was the great est sufferer, the continent selling the stock which was offered at 76 1-2 or seven dollars below parity and a loss or the fortnight of something like $2O.
 American Securities Fall
 Several active American securities fell from $5 to $15, while Rio Tintos lost ten points and Grand Trunks from three to eight points in the same period.
 Lombard street is acting very cau- tiouslv at present, three months pri- vate discounts being quoted nominal ly at the bank rate of three per cent
 Wants Operations Suspended
 Sir Edward Grey has invited the governments of Austria-Hungary, Servia and Russia to suspend opera tions pending the result of his pro- posed mediatory conferences in Lon don His suggestion in regard to the conference is that the French, Ger man and Italian ambassadors in Lon don should confer with him in the endeavor to find a means, of solving the present difficulties.
 Sir Edward Grey late this afternoon had not received complete replies to his proposal
 FevOrab ble to Mediation
 Sir Edward Grey in announcing in the house of commons the steps to be taken to bring about mediation in the Austro-Servian controversy, said:
 T understand that the German
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