Bond Business Improves in New York Markets
New York August 17 progress toward normal conditions appeared in the domestic financial scene. Private bond dealings grew slightly more active while stock activity stayed limited to pre closing contracts. Officials welcomed near harmony between Washington and banking interests on remedial measures. The French loan was abandoned as the proper policy, and several belligerents may seek credits elsewhere. Major savings banks saw few withdrawals of the 60 day clause, and Clearing House banks held their cash needs with emergency currency. Grain port embargoes threaten Midwest rail traffic. crops are fair and exports pending. Foreign exchange showed modest gains, with Paris relief funds and interior demand for commercial paper rising. A committee of the Chamber of Commerce urged amending the Federal Reserve Act to allow bills for domestic and international commerce up to capital and surplus, arguing for broad discount markets to protect reserves.
MENTIONED IN THIS ARTICLE
New York
Washington
Great Britain
Clearing House Association
Middle West
London
Paris
Chamber of Commerce
United States
Stock Exchange
Committee of Safety
Reopening of Markets Hopes Amid War and Tariff Debate
The stock exchanges remain closed as markets face a cautious path to reopen. Analysts weigh cash trading, short sales bans, and gradual reentry while noting possible foreign selling and needed clearance. Grain markets hold steady with investors eyeing tariffs and ship movement in a war-altered economy.
Financial strength of Europe and United States in wartime
The piece previews a Boston Post financial feature examining Germany England and France versus the United States using Comptroller of the Currency data as of June 30. It asks whether war altered a prior outlook of growth and whether further liquidation was needed to underpin a business boom.
MENTIONED IN THIS ARTICLE
United States
Boston Post
Germany
England
France
Money Markets Boston Quotations August 17
Boston quotations show customers loans prior to the stock exchange closing at 73-10 percent. Outside brokers loans at 8 percent. Loans negotiated since close of exchange at 5 percent. Customers commercial loans at 6 percent and up. Outside commercial paper at 7 percent and up. Year money 6 percent and up.
MENTIONED IN THIS ARTICLE
Boston
Stock Exchange
Dividends Declared by Major Oil Firms
Standard Oil of New Jersey declares a regular quarterly dividend of 5 per share payable Sept. 15 to stock of record Aug. 20. Continental Oil Company pays a regular quarterly dividend of 33, with books closing Aug. 27 and reopening Sept. 17.
MENTIONED IN THIS ARTICLE
Standard Oil Company of
New Jersey
Continental Oil Company
Refugee Laconia Fleeing War Reaches New York Harbor
The Cunard liner Laconia arrived in New York from Liverpool after eluding a German cruiser. About 1668 passengers, including Massachusetts judges Crosby and DeCourcy, endured weeks of fear as decks were shrouded and peril loomed.
MENTIONED IN THIS ARTICLE
New York
Laconia
Cunard Line
Liverpool
Fourteenth Street
Boston
New England
Europe
John F. Crosby
Charles A DeCourcy
Massachusetts Superior Court
Missed Ship Leads to Steerage and Transformed Laconia Sojourn
The narrator details losing the St. Louis, securing steerage on it, then boarding the Laconia three hours out of Liverpool. First and second cabins were gone, many in steerage or cramped quarters. The ship’s interior was repainted, lights dimmed, and rumors of German warships caused anxiety as Aquitania and British cruisers were sighted nearby.
MENTIONED IN THIS ARTICLE
Laconia
Cunard Line
Liverpool
Judge DeCourcy
Post
England
Judge Crosby
Ireland
Dublin
Germany
St. Louis
Suffolk
Essex
Judges Decline War Commentary Amid Laconia Raid Tale
Judge DeCourcy and Judge Crosby refused to discuss the war while recounting the Laconia incident. They described a German cruiser within 20 miles of the liner, forcing the ship off course. The panel noted refugees stranded abroad, and Mary Hill, 15, related her escape from the war zone with Miss Bremer and her daughters in Paris.
MENTIONED IN THIS ARTICLE
Crosby
Laconia
Rugg
Massachusetts Supreme Court
England
Baltic
DeCourcy
Mary Hill
Arthur Dehon Hill
Boston
Ambulance Upset Leaves Driver With Arm Injury
An ambulance toppled on its side injuring chauffeur John Burns who sustained a compound fracture of the arm. A boy revived briefly after entering the ambulance then lost consciousness again and remained unconscious late last night at City Hospital, though not on the dangerous list.
MENTIONED IN THIS ARTICLE
William Smith
Huntington Avenue
McCracken and
Mulvey
Brookline Police
Houghton
Ernest Houghton
William Lowell Putnam
Brookline
Beacon Street
Brighton
Smith Auto
Young Houghton
Carlton
Beacon
John Parmly
Gammons
City Hospital
Burns
John Burns
Military Rail Usage in Transport of Troops
Trains were used almost exclusively for the transportation of troops, reflecting a heavy rail reliance for military movements and mobilization during the conflict.
Refugees Reach England After Peril in Paris
In Paris thousands of Americans faced hardship with scant funds and limited trains to ports of debarkation. Channel boats were unable to handle the crowds, but Miss Hill and fellow refugees finally reached England and Liverpool, expressing a wish to stay longer before departing.
MENTIONED IN THIS ARTICLE
Paris
England
Miss Hill
Liverpool
Glad to Sail Third Class Aboard Cunard Laconia from Boston to New York
W Leonard Shearer treasurer of Paine Furniture Company and family arrived home in Boston after traveling third class on the Cunard liner Laconia due to berth shortages. The party left Boston in June and faced wartime disruptions in Berlin London and New York harbor on the voyage home. Our trip was uneventful with the entire journey conducted without lights.
MENTIONED IN THIS ARTICLE
Cunard
Laconia
New York
W. Leonard Shearer
Paine Furniture Company
Boston
Shearer
W. L. Shearer
Alice Shearer
Mr. Shearer
Berlin
Austria
Servia
London
Great Britain
Liverpool
Cunard Line
Post
Swampscott
New York Harbor
Austrian Professor Details Trieste to Antwerp Flight Amid War
Professor Alexander H. Phillips of Princeton recounted rapid movements as Austrians mobilized and hostilities began. After Trieste attacks on the Russian consulate he fled north through Germany to Antwerp, where a siege persisted and German unrest ran high. He then traveled to Naples, Sicily, Athens, and Constantinople, awaiting a return voyage aboard an Austro-American ship that was canceled due to the war.
MENTIONED IN THIS ARTICLE
Alexander H. Phillips
Princeton
Marquette
Triest
Post
Paris
Phillips
Professor Phillips
Germany
Antwerp
Naples
Sicily
Athens
Constantinople
Austria
Frances Joseph
New Englanders On Laconia Passengers Arrive in New York
A list shows New England travelers aboard the Laconia arriving in New York yesterday. Names include Henry Ashworth and wife of Fall River, Mary Adams of Springfield, Gottfrid Anderberg of Boston, and many others from Brookline, Haverhill, Providence, and surrounding areas. The roster covers doctors, couples, and families visiting or returning from travels.
MENTIONED IN THIS ARTICLE
New England
New York
Henry Ashworth
Fall River
Mary A. Adams
Springfield
Gottfrid Anderberg
Boston
James Lane Allen
Harwicaport
George L. Bastian
M. D
Bastian
Manchester
N. H
Theodore G. Bremer
Alice Bremer
Eleanor Bremer
Brookline
Nettie Jane Breed
Dorchester
F. O. Butler
P. B
Marguerite Rundle
Danbury
Conn
H. L. Conner
I. J. Clarke
J. F. Croston
Haverhill
James H. Culez
Pawtucket
Michael Common
Emily L. Clark
Norton D. Downs
Bessie Downs
Norton Downs, Jr
Camp Bellevue
Upper Dam
Maine
C. E. Durant
Paul V. Donovan
Rockland
Clarence H. Esty
H. Esty
Edward S. Esty
Mary C. Esty
Frances C. Esty
Rosamond C. Sisty
Geoffrey Esty
Franlein O. Schaufelberger
James W. Eustis
Igustis
Cambridge
F. B. Elwell
Havemeyer
M. Loomis Havemeyer
Hartford
T. R. Hyde
Waterbury
Lewis L. Harris
E. S. Harris
Providence
R. I
Bessie G. Holcomb
Charles A. Hanley
Grace Henshaw
Mary L. Hill
G. M. Hawes
Standish Hall
Meriden
J. Fred Harvey
Ralph H. Hallett
Marion M. Hallett
Susan Thayer Hooper
Katy Jones
W. K. Kehshahn
G. G. King
D. G. King
V. G. King
Edward King
Newport
L. EK. Keisten
Mina Keisten
Dubois Knight
New Ipswich
S. Kelly
A. Leathy
B. Theresa Kearney
E. Leland
L. J. Lapham
H. C. Leighton
Portland
T. L. MacDonald
Blue Hill
W. G. Morton
Morton
Pittsfield
Charles S. MacFarland
Caroline E. Nutter
J. H. Payne
A. B. Palmer
H. B. W. Snelling
Sabin P. Sanger
William B. Tyler
A. D. Varick
Doris Varick
George H. Warren
H. Warren
R. Waterbury
Freeman C. Wight
Charles C. Walbridge
Frances Walbridge
Walter Walbridge
Peck
Noah Brousso
Attleboro
B. S. Beal
Milton
John EK. Dodson
River Point
M. S. Hilton
Elsa Johnson
Edna Johnson
A. KE. Slocum
Winsted
A. C. Sawyer
Fred Yelle
Taunton
Fire on Strangers at Wireless Station
Four men believed to be foreigners were found prowling the wireless station at Sault Ste. Marie Ontario opposite here. When challenged by a sentry they did not halt and he fired. The men fled into the nearby woods and a search found no clue to their intentions.
MENTIONED IN THIS ARTICLE
Sault Ste. Marie
Mich
Ontario
Nee Woods
Also Mentioned on This Page
City of London Ont
Canada
Chicago
Pba Pac
York
Uth Tee
UBS
BOL
Louis
S&l
Sas City
School OF Commerce and Finance
Boston Young Men's Christian Association
Exchange
State Street
Fort Hill
H. C. Bentley
C.P.A
Napoleon
Antony
Octavius
Ceasar
New Street
American Telephone
Western Union
American Sugar
Amalgamated
Minneapolis
Boston Elevated
Elevated
the Post
Money Markets
N. W. Harris & Co
Federal St
H. F. Wheeler
Trafalgar Square
Aldershot
Brookline Town
Carlton Street
Richard Houghton
Mason Terrace
Paine Furniture Co
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