davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-07
BANKERS FROWN ON
CASH BOND TRADES
Leading Houses Favor Policy of
Complete Suspension Of
Business.
SITUATION MUCH CLEARER
stock Exchange Rulings Aid
Firms to Close Up Bulk
Of Their Trades.

At meeting of prominent bankers
and representatives Of the leading bond
houses held Yesterday at the offices II
Harris, Forbes a 60 to discuss tho
suspension Of the Stock Exchange and
it's bearing ON the over the counter bond
business " was decided that the entire
st pppagc of transactions I'm securities. as
tar ~ possible Is the best policy under
the present circumstances
Among those present We're '. Morgan.
william \. Read. Albert strauss and
Charles Sabin.
The opinion was advanced that deal
ings 81 ~ absolute cash basis might not
disturb the situation and might indeed
bencnt conditions Nevertheless II was
generally conceded that nothing should
h. done which might IN any way tend
10 sggravatc the situation aud defeat
the purpose OF the stock >EXchansc IN
suspending trading.
No absolute rule a. regards trading
over the counter was laid down. II was
pointed out that circumstances mlght
arts. N which transactions would D. PEI
missile and might be made without en-
dangerine the fiuancial situation.
The chaotic situation IN regard TO open
stock Exchange contracts, following the
suspension ~ business week ago mas
b.eu cleared up IN SURPRISING va! Ut
the pas, few dsNs, according IN r'pT"
sentatiVes Of the exchange. 80 much nv
nro>ement has been made that the rs
sociation OF stock Exchange Partners dc
cided yesterday TO discontinue It's daily
sessions and meet only subject 10 clIl
II is estimated that most firms have
closed NJ about "a per cent or their
trades. Tracticallv all such transactions
In odd lot, have been completed. oniy
the settlement uf larger accounts remains
and rapid progress is being made toward
"A complete clearanc, as result OF IN"
various rulings by tho exchange 'u'horl-
ties
The committee ~ hNc members ap-
poiutcd 10y the governors sent request
for a statement from all brokers A. TO IN"
amount of their outstanding commitments
with a view to dey!sing means OF deal
Ing with a few complicated accounts.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-07
FOREIGN TRADERS TO MEET.
National Council Calls War Confer
cnce for Mondsy Morning.

James \. Farrell. chairman Of the Ma
uonal Foreign Trade Council, Yesterday
called q meeting Of thar body TO be held
OF tho New York Chamber Of Commerce
Monday morning. ~ 10 80 o'clock.
The council. which consists OF thirty
five representative manufacturers. mer.
chants, railway and steamship men and
bankers, who collectively stand for the
general interest Of all elements engaged
In or affected by American foreign COM
merCe. will seek TO relieve the congestion
VI foreign trade incident 10 tho European
war. and 20 pave tho way for cooperation
among the industrial. commercial trans
portstion, financial and agricultural in
forests In the rccstahlishmont Of safe and
economical transportation The fact that
American foreign trade policy at this time
will make or mar tho country's future on
por,un'ty has been urged by telegraph
upon the members as reason for a full
attendance.
The council will receive 3 report from
- merchant marine committee. consisting
~ Nessrs Farrell James J Hill Of 81
Paul. Robert Dollar of san Francisco, Il
y Hurlev 81 chicago, J. \. g. carson "
Savannah y. \. : Franklin and willard
straight ~ New York. aud Alba r. John
son Of Philadelphia
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-07
NAMES SHIPMENTS COMMITTEE.
President Of Chamber OF Com merce
Y. So Instructed by Members.

\ meeting Of the executive committee
of tho Chamber OF Commerce and repre-
seutdtiVos Of important banking, shipping.
railroad and mercantile interests WAS held
yesterday. II was susEested tuat q rur-
cIaI committee on shipments Lee appointed
To- ~-rve durlus the progress ot the Wal
This committee would -cTNC a. . clear
ing house OF the proEre of tho war II
would md ga answer, a. far as prsc-
cola.e, TO questions arising in connection
with shipments aud would cooperate In
~olvnc such problems u also would pub
li-u from time to tim, Information help
tuI to shipper The president Was iu-
etrucisd TO appoint such Il r"mmltte, with
representatives chosen from banking, ship
ping, railroad and mercantile interests
with hllusel. to serve a. chairman and r..
H. Outcrbrldgc a. Nico-ch tirman.
The committee. which will hold frequent
meetings A. tine 'hamher Of Commerce
Wa appointed a. follows Seth Low,
chairman y. H. Outcrbrdse. vice chair
man, Jacob ~. Schin, J. Pierpont Nor
gan, Frank \. Nanderip, Anton y. Raven,
William -. Wilcox, j. \ ). Franklin.
Thomas \ Spark. Frank Trumhul, Wal
ter H. Pollock. James \. Farrell Welding
Ring. J. Parker Kirlin and Charles G.
EurlinCldm
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-07
Orga ptsed In London.

oscar StrAus and y T. Kent ~ the
Bankers Trust Company reported u the
Department from London that their work
was fully organized. that n partial list
Of Americans IN need will he published
tomorrow and that transportation Is
Desired for 10000.
Ambassador Penficld reported from
Vienna that he was making every effort TO
get Americans out, because the train ser
vice ~ TO be- stopped for three weeks.
The Government has run special trains
from Carlsbad and Msrienbad for the
beneft of the American and other tourists
taking them To Trieste where II is be-
lleved they can get transportation on
Italian vessels.
Consul Baeher az Berne reported that
tho situation ~ Americans IN that coun-
try was distressing, as they cannot get
their checks cash"d and are having much
difficulty in getting the necessaries.
Consul stuart az Milan SAID there
were several hundred Americans at tina,
port desiring money and transpor ia ton
home. From Russia IL Ia reported that
efforts are being made to transport the
zoo Americans there to Sweden, whence
II IL believed. they can get 20 m,
United States
John Garrett. Minister 70 Argentina
arrived here from Europe to-day and
sought passage AT once on the Tennes-
sec or the Florida. which will follow her
from Boston Tomorrow, I'm order 10 re-
turn 70 Europe and assist hts family. who
are stranded IN Switzerland.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-07
WHAT ENGLAND CALLS
CONTRABAND OF WAR
Am bassador Page Cables List of
Articles Great Britain
Will Seize.

WAsntNGroN. Aug 6.--The nrst Definite
Information as to what Great Britain will
regard as contrdband came tonight when
this despatch was received ut the State
Department from United states Ambassa-
dor Page.
"Hsve just been Informed by Foreign
Office that the following articles have been
declared by the British Government TO be
absolute and unconditional contraband
during the present war
Arms Of all kinds. including arms for
sporting purposes and their distinctive
component parts proiectiles, charges and
cartridges OF all kinds and distinctive
component parts powders and explosives
especially prepared for use in war. sun
mounting Timber boxes, lirnhers. military
wagons. field FORCES and their distinctive
component parts; clothing and equipment
OF distinctive military character all
kinds of harness of a distinctively military
character, saddles. pack and draught ami
mails suitable for use in war, articles ~
camp equipment and their distinctive
component parts. arrnor plates, warships.
Including boats and their distinctive com
ponent parts Of such a nature thst they
can only be used on q vessel ~ war
seropisnes, airships. balloons and aircraft
Of all kinds and their component parts. to-
gether with articles recognizable as in
tended for use in connection with balloons
and aircraft. and Implements and ap-
ufacture OF munitions Of war. inanufac-
turc or repair OF arms or war material for
use on land and sea.
THE following articles will he treated
as conditional coutraband
"Foodstuffs. forage and grain suitable
for feeding animals clothing. IA brics for
clothing. boots and shoes suitable for use
in war gold and silver in coin or bullion.
paper money vehicles Of all kinds avail
able for Use I'm U1~ and their component
parts. vessels. craft and boats Of all
kinds. floating docks. parts Of docks and
their component parts; railway material,
both nNed and rolling stock, and materials
for telegraph, wireless telegraph and tele-
phones fuel. lubricants powder and ex
plosiyes not specially prepared for use
in war barbed wire and implements for
fixing and cutting the same horseshoes
and shoeng material harness and sad
dlery and field glasses. telescopes. chro-
nometers and all kind, Of nautical .nstru-
ments,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-07
COURT BACKS RICHARDS.
Federal Judge Refuses to Act IN
state Bank Tangic.

The Federal courts will not interfere
with state Superintendent OF Banking
Richards In the cases Of private bankers
whose institutions have been closed.
Judge Grubb in tho United States Dis
trict Court yesterday denied an applica-
lion made to him for \ receiver In hank
rurtcy for Adolf Mandcl Of 80 Rivngton
street, whose bank was taken over by the
state Banking Department on Monday.
The petition IN Involuntary bankruptcy
was filed by creditors on Wednesday.
Judge Gr7ibb said that II would be un-
wise for the court to interfere with the
state and that the states action 10 pro-
tect depositors was much less expensive
than any other procedure
Unmindful Of tho decision, attorneys
for creditors filed a petition tn have Max
hobre aud SaraN, his wife. who did bust
ness as Max kobre's bank. declared bank
rupt. The petitioners, all Cepositors, al
legged that the bank. which was taken over
by Mr.. Richards ON Tuesday. owed about
100000 and had about $1,000, 600 IN
assets. Arguments on the petition will
como IN to-day.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-07
SEEKS DANIEL GUGGENHEIM.
E,-s~nntor Asks Washington 20
IooL for ITS Brother.

NAsIllNGroN Aug. o. Former Senator
Simon Guggenheim has written TO Sena.
tor Thomas Of Colorado asking HIM 70
use his good offices with the state Depart
m'ut iu An effort 20 find Daniel GuCgeu-
n i'm, . member nf tho flrm of ". aug.
E"uhcm Sons.
MY brother pau.cl t;uggouhcm, is
supposed 80 hc ~umcW her. M Germany,
luil ~ have not haard from r'w nor
been able TO get line ON hp for almost
% week" wrote former senator Gugccu.
helm "Our last Information IS that n"
Was ~ the Grand Hotel Continental at
Munich on July -, from whore No in
tended to GO on that day To the .iaud-
forum Ebenhausen near Munich, where
lac expected to stay thr~" or four week.
Mr Guggeuhcim also asked the State
Department. through senator Thomas 70
try to lind Nv aud Mr. Ludwig Elugor.
Npu - last tccouiHs Norr - 'Nrlshtl.
Mr., Ellnaar is sist Of Mr., simon
GuEgcuheim
SECRETARY Eryan cahled 10 Ambassador
Gerard aud to tn, United States consul
az Munich to-day IN an effort 20 md and
extend protection 10 Mrs Harrison, widow
Of former President benjamin Harrison,
who at last reports was AZ Munich. accom-
panied by her daughter Elizabeth md
Miss Mary rIerod ~ Indianapolis,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-07
TENNESSEE SAILS.
Cruiser Leave. with s5.50",0o" for
Relief Of Americans.

rh. .rr,cr.d ,ri,is,r Tennessee. carry
irr ,lou, $500 0on for the relief ~
..T,nded American. steamed away from
.r.,,,rls ,,s,.,lle "a low minutes %. fore 10
o,.lo,,t last rirt, Tor some por, IN Europe
.p,t ~ da,,idcl upnu Something bad in
tery,ra1 =, d,lt, hcr departure almost
fro,n hour to lour from > o'clock on.
:, the Last u,luit. messages were EJ-
ing aboard tho cruiser TO capt. Decker
and ~ Assistant Secretary Of War Brock
cnhr!d,e the import % which was not re-
v.,led between the Tennessee and the
Eror,d, living r,Ir A nile away, the
Ardois lyhts we're twiukling signals even
,ftrr tho traveller had started down the
i,y
Tn. bankers % the city lid not send the
r,ll s. non nrn ARRANGED for. II was said
v,s,eri4v for two reasons. one was that
,,,,narn,,,t, for cable transfer Of money
o.h Franc, AVID England would ct-c the
situation for Americans with letters of
credit b., IN, two capital. ard the other
v,s that th. insurance men insisted on =
premium of ou.-half Of / per cent for
ordinary sea risks. This made something
IKE 81 400 am A million dollars II was
decided To reduce the amount sent TO the
minimum,
Tie gold VA. taken ont Of the Bankers
Trus, C,o1,r,rv a. . o,cInrk l,s, ,venirg
la outouobil. express wagons and taken
10 r.,euue til.s.
The Tennessee, Doomed down from the
navy ara IN tho .,ft,rnoop with nearly
an ia, C;o,,rnmeot'a 60 ,no oon aboard
and anchored N rk,nsyiIin. where the
.a'ro...,,..ti,',s ~ no b,rl'. wont sho,,d
,s.is,,r, S.,ro,,r,, ~ ,bo Tre,surv IAN.
H., D,,s nasssn.,r - tbst lime. MIR
ti,,'ii,, Iva h,,,t ana Ii,tls later can,
~ rrnss ~ the Iotst Cnrnonv and
o., :, 7 rrn,to, ~ ,b. I,lphtv-seyentl
fo,,',,a,,,. ,.a,s, >r,tliery nrcsen.cd tha,r
-. - A., A.. ,.,i,,.-,ry oh
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-07
WAR HELPS MEAT IN
ITS JUMPS IN PRICE
Other Food Not Expected 10 Go
Much Higher Unless
Strife Is Long.

Unless the European war is long d.,,,
out. food experts do not expect a g,r.-,,
advance in the retail prices Of .t,r..
food products except in the case OF me-,
which began rising gradually before ,..
war was begun. Wholesale b,oe be-,
been going up by quarters and eIebth,
Tor some time, until the retail pric. ,
was said yesterday. has reached a .,,.
not attainc since the civil war Scat,...
Of cattle and q greater dcma~f ..,
blamed for the increased cost - m. ON
sumner
l.. \ Koclsch of Eoelsch Bros re.,l
butchers. said yesterday that there wa,
no telling how IN" demand from ru-,r.
would cut .ntn our supply hett. nI' BIO
believed that the war would cause q s..
ther jump I'm prices anyhow
This country. he said. is getting 1'7n,
as much meat as Is possible from A..ar
tina. II Is al frozen meat and harr o..
handle except ~ large quaufIu,s ",
does not think that the POSSIBILITY ~
Englauds being unable 70 get Ar4,.'t..
beef through will help out here h-.tu-.
Of lack Of facilities for bringing ls..
more Argentine meats than this couut,-
has been getting FOR the last sIN months
Tho retail prices of meats quoted rs
terday were Sirlon steaks, - cents
porterhouse steaks. }" cents rib roast
20 cents srloin roast, - cents rum,
steaks. rs cents rump corned hcof.
cents legs OF lamb. .. 10 % cents shout
cers of lamb. 20 TO % cents lamb chop
IS to 80 cents chickens. g 10 80 cents
hroilers. 2s To 80 cents, and squads :
to s125 a pair. These prices Vill rr'h
ably stand for this week but au1ths'
rise II expected next week.
\ representative Of Ack'r M'ra'
Condit groccrs, said yreteIdaN that
nothing except wheat and -four had
been affected by the war thus far NND1'
and -four have advanced from 3 70 :
per cent. sugar has gone M ve-'
little. but the rise in that is not percent
ible yet Imported articles ot FOOD DE
TO the increased rate 81 exchange, hA''
advanced II IT. said by food experts
however, that there Is no scarclt' n
food over here. that the crops are arg
and that food prices in general viii 70
be affected unless the war continues ov''
n long period NJ time.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-07

u Is TN" Sscrctary's idea, however,
that he should engage no ships until hs
knows just what he wants 30 do with
them. Consequently he il waiting on IN"
state department for more Information
A. t. the situation ~ Americans Also
tho state Department is charged with
the duty Of making the necessary ar
rangcmen;s with the heligerents not only
for tho entry OF tho gold ship Tennessee
hut also for ships 10 bring back Ameri-
cans. Nj Garrison believes he will ind
IL desirable To engage ~ -hip already in
foreign waters.
Ambassador Herrick reported to-day
that tho situation IN Paris had improved
So much that he recommended tho Ten
ue,.oc bc sent with her Col e. other
countries instead Of 10 France lie said
the action Of the French Government In
q posting gold 10 the credit ~ the Nor
gan house had been a great relief Judge
r. II Gary, however of the American
committee reported that there were 10000
Americans who wanted transportation
and that II would take six months to
move them
Charge Barclay Of tho British EN-
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-07
SEEKS SHIPS
TO SEND FOR REFUGEES
All Financial Arrangements Made Secretary
Takes Up Problem of Transportation and
Serves Notice Against 'E1oldup'

WAsHtNUroN. Aug. with arrange
inents practically completed for the imam
cial relief OF Americans caught IN the war
zones OF Europe Secretary Garrison gave
his careful attention to-day to the prob
lem Of securing ships in which to bring
them home.
The Secretary Is proceeding 10 this task
by first gathering complete data both In
regard to the ships available under United
states or other neutral fass and with
respect TO the actual needs of the Amerl-
cans in Europe. The State Department is
getting for him as rapidly as possible
exact Information as to the number of
Americans desiring to leave each OF the
hclliyoront countries, facilities for getting
them to seaports and other data Of a
similar nature which viii expedite the
actual relief work when II is undertaken
The state Departments advices were
described as encouraging Nv Secretary
Bryan. Messages received from volunteer
American committees In several capitals.
however, gave a more serious aspect TO
the situation, but much announcement
was felt from the fact that the Tenness, =
was TO sail tonight with millions IN gold
and also from assurances from London
and Paris that the British and French
Governments are lending their cooperatiog
to the Efforts OF the United States and Us
representatives, to relieve tho distressed
Americans.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-07
INQUIRE FOR TOURISTS.
Friends Ask state Department About
Amcrtcau. Abroad.

WAsIuNGrJN. Aug. 1.-The state De
psrtmeur received nlpuiries to-day in re.
gard 10 the following Americans maropned
In Europe
Sew Norh Mrs. Harriet r. Mathoson,
Carlsbad Man j. BroHhemu. Munich, Mr..
aud Mrs. Julius Lu~cnilU, ~ MurIt2 /,
Aaron Michael Bern Mrs. j. T. Gull.
man. Mr.. =. Gottlieh aud Miss Colt
Hrh, Mr. and Mrs Perry sporting MI.
and Mrs. Isaac Stcudler, A. Carlsbad {;
Nj and Mrs Jacob Landsberg and Miss
Edith Robe, NJ Paris Mr., and Mrs. Max
lIerz'g, Two children and mail 1T p,ls n.
Austria Mrs. Barbara Cook, carlsbad ;
J Harvey 'ouneh Berlin, Mic jessie
Il rhor, Luceync, Miss Inuly Brmiur,
Miss Miuna Hubr, Miss Ida Van Halle at
Brunemorde family Of Tabert \.
SprdEuo. ItalN Lewis T. Mott, London
family Of Milton NJ. DNruO,, Iuccrue
Mr., Lambert Gu,rthcr nj SON, Frank
fort-uu-Mnn
Rrooklyn--Mra \ .. Howard Ia
Lerue
Bridgeport, conn. Miss Ll, Towne
Spoorer, BADEN pade~
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-07

The entire business situation. banking
and general business was much relieved
YESTERDAY. II seemed that the future
was so We. assured that no trouble was
anticipated Their was no chance that
gold would g, 10 a premium. for NO one
would have mo hlrdihood t. sell IT,.
there was no fear that any trouble would
occur IN Wal street because brokers are
.tiil settling privately. while customers
are taking up loans IN preference TO hav-
ing them run ~ per cent. ON call or
higher
Everywhere there wa q stir and =
hustle. Despite the situation that existed
Yesterday morning there appeared in
every market for manufactured goods
European demand for commodities
Areuts Of London 49, Paris were out
for scout everything that can he manu-
facturod--0io'bnx, cotton goods, food
s'uffs, canned goode. preserved products
of al dcs,lpuo-s
Nht'ner tines" agents represented GOV
"rnW'rts or represented civil demands
'hr'r desire 10. for immediate deliver.
ins That was why Insurance men we're
sought Very frankly tney declared they
did not want 20 place any risks and
quoted 4 rate II % per cent. This was
no deterrent
Shippers who applied for rates we're
asked as to the methods of payment on
the other side. They would say vaguely
that Il was up to the bankers 10 settle
that Thev only knew that there was
IN unprecedented demand and that the
ccus!guees must expect enormous prices
20 be- able to accept the new rates with
Tut blinking
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-07
BUSINESS SITUATION CLEARS-EYES ON WORLDS TRADE
meeting of tn. National Foreign Trade

meeting Of the National Foreign Trade
Council has been called by its chairman
James 4. Farrell, president Of the United
States Steel Corporation. II will I've held
rext Monday morning at the Hotel Bit
more. Reports will be received and trans
portation relief sought for Industrial, hnan.
cial and agricultural interests. One report
viii he received from the committee on
merchant marine. which consists of James
\ iTill Robert Dollar Of san Francisco.
Il. y. Hurley of Chicago. j. 4. -. Carson
of savannah. willard A. Straight, \. H.
Johnson and MIR. Farrell.
The coal men report that the bituminous
market Is at a low ebb The war has shut
on the sale TO steamships which cling
to ports
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-07
Hoy struck n, Auto Dies.

Edward ~ Rucrkel!, lo Of ls7 Mese
role street, Williamsburg died last eve
ming ia 81. GATHERINGS Hospital from a
fracture OF the skull. He was struck a
few minutes before by an automobile
owned and driven by Adolph Feuch of
oO3 Mcscrolc street.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-07

On Monday, when the Administration
first TOOK up with steamship agents the
question Of chartering available vessels.
Secretary Garrison was assured that the
companies would charge only normal
prices covering their expenses and allow
ing for fair profit This was satisfac-
tory to Secretary Garrison. He was as
sured that the prices for chartsring YES
sells desired would be from Is to 20 cents
a gross ton, which are about the same
prices as are being paid for the transports
held under charter at Galveston Tor pos
sibe use in Mexican waters.
To-day. however. the intimation came
that the prices would be about forty ccnts
a gross ton per day. Secretary Garrison
sent word 10 those responsible for the
suggestion that he would use every means
at his command before he would submit
10 a. holdup of the Government when IL
was trying To- relieve tho distressed Amer
leans abroad
The Secretary has complete data as TO
all ships In United States waters under
neutral flays of whatever nations. lie is
keeping track Of the movements of such
ships and now knows where they can be
had. lie IS also investigating the situa-
ton with regard to ships of neutrals in
foreign ports.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-07
NEW OBSERVATION-DISCLOSURES.
NEW ENGLAND.
THE IDEAL. TOUR
NEW JERSEY Atlantic City.

ioro miles through New I'm gland = Scenic Wondc'
land. Route hooi aud map on application. H.
Il way. y \ .. or Hotel Elton. Watcrbury. 60.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-07
Henry S. Breckenridge.

Assistant Secretary of War, who
has sailed to relieve Americans
abroad
hassy reported to Secretary Bryan the
action ~ his Government IN authorizing
tho Issuance ~ one pound and ten shilling
notes, tho reduction OF the Bank OF Eng
land rate from 10 20 per cent, and the
resumption OF gold payments by tho banks
with their r,opeuing tomorrow.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-07

NEW JERsEy-sprIns Lake Beach
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-07

Bridgeport, conn. Miss Ll, Towne
Spooror, Baden pade".