Titanic Sinks Four Hours After Hitting Iceberg; 866 Rescued By Carpathia, Probably 1,250 Perish; Ismay Safe, Mrs. Astor Maybe, Noted Names Missing Biggest Liner Plunges to the Bottom at 2:20 A.M. RESCUERS THERE TOO LATE Expect to Pick Up the Few Hundreds Who Took to the Lifeboats. WOMEN AND CHILDREN FIRST Cunarder Carpathia Rushing to New York with the Survivors. SEA SEARCH FOR OTHERS The California Stands By on Chance of Picking Up Other Boats or Rafts. OLYMPIC SENDS THE NEWS Only Ship to Flash Wireless Messages to Shore After the Disaster. Special to The New York Times RELATED HEADLINES Col. Astor and Bride, Isidor Straus and Wife and Maj. Butt Aboard "RULE OF SEA" FOLLOWED Women and Children Put Over in Lifeboats and Are Supposed to be Safe on Carpathia PICKED UP AFTER 8 HOURS Vincent Astor Calls at White Star Office for News of His Father and Leaves Weeping. Franklin Hopeful All Day Manager of Line Insisted Titanic Was Unsinkable Even After She Had Gone Down HEAD OF THE LINE ABOARD J.Bruce Ismay Making First Trip on Gigantic Ship That Was to Surpass All Others CAPE RACE, N.F., April 15. -- The White Star liner Olympic reports by wireless this evening that the Cunarder Carpathia reached, at daybreak this morning, the position from which wireless calls for help were sent out last night by the Titanic after her collision with an iceberg. The Carpathia found only the lifeboats and the wreckage of what had been the biggest steamship afloat. The Titanic had foundered at about 2:20 A.M., in latitude 41:46 north and longitude 50:14 west. This is about 30 minutes of latitude, or about 34 miles, due south of the position at which she struck the iceberg. All her boats are accounted for and about 655 souls have been saved of the crew and passengers, most of the latter presumably women and children. There were about 1,200 persons aboard the Titanic. The Leyland liner California is remaining and searching the position of the disaster, while the Carpathia is returning to New York with the survivors. It can be positively stated that up to 11 o'clock to-night nothing whatever had been received at or heard by the Marconi station here to the effect that the Parisian, Virginian or any other ships had picked up any survivors, other than those picked up by the Carpathia. First News of the Disaster. The first news of the disaster to the Titanic was received by the Marconi wireless station here at 10:25 o'clock last night (as told in yesterday's New York Times.) The Titanic was first heard giving the distress signal "C. Q. D.," which was answered by a number of ships, including the Carpathia, the Baltic and the Olympic. The Titanic said she had struck an iceberg and was in immediate need of assistance, giving her position as latitude 41:46 north and longitude 50:14 west. At 10:55 o'clock the Titanic reported she was sinking by the head, and at 11:25 o'clock the station here established communication with the Allan liner Virginian, from Halifax to Liverpool, and notified her of the Titanic's urgent need of assistance and gave her the Titanic's position. The Virginian advised the Marconi station almost immediately that she was proceeding toward the scene of the disaster. At 11:36 o'clock the Titanic informed the Olympic that they were putting the women off in boats and instructed the Olympic to have her boats read to transfer the passangers. The Titanic, during all this time, continued to give distress signals and to announce her position. The wireless operator seemed absolutely cool and clear-headed, his sending throughout being steady and perfectly formed, and the judgment used by him was of the best. The last signals heard from the Titanic were received at 12:27 A.M., when the Virginian reported having heard a few blurred signals which ended abruptly.

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