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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Dec 12, 1917
Page
9
The article analyzes a slide in foreign bonds amid wartime fears. It notes steep falls in French and Anglo French issues, with yields jumping to 11 to 24 percent as prices plunge. Paris city bonds show extreme weakness, while collateralized issues also drop despite high yields and security backing.
Bonds maturing in under four years now yield around 30 percent as prices sink to 37 amid fragile demand. Market nervously watches for actual battle news, with repudiation fears rising due to Russia’s chaotic war condition.
The War Work Council Y W C A reports $187000 of $210000 pledged for aiding women war workers in the Allies. Boston TreMont Temple headquarters buzzes as campaigns push for the final $23000 before tomorrow night six o'clock. Yesterday alone $20000 was received and many New England women begin a last day push in a whirlwind drive.
Financial notes report H Hassan of Standard Bank Toronto and A L Ripley of Merchants National Bank named directors of American Foreign Banking Corp. Bonbright & Co. states French banks paid the third instalment of a 10 million dollar export credit due December 12, with three credits totaling 45 million already paid. French banks still owe 15 million on the fourth credit. New England Fuel Oil Co and Magnolia Petroleum foresee moving oil to Tampico by February 1 with shared wharf and tank facilities, aided by two new ships.
New York stocks report shows bond prices in hundreds with many issues from Erie to Great Britain and US corporations. Trading totals reach 5.6 million dollars as daily and year to date volumes compare with prior periods.
The New England Division of the American Red Cross plans an all day programme for Friday with Henry P Davison chairman of the War Council in town. He will be joined by Ivy Lee and Henry J Allen of Wichita Kansas who has just returned from France after inspecting Red Cross work in the war zone.
Three men will speak at a Tremont Temple mass meeting Friday evening chaired by Brigadier General Johnston. John McCormack, famed tenor, will attend and sing The Star Spangled Banner with extra selections if contracts allow. The U S Naval Band from Commonwealth Pier will perform. No collection and no reserved seats.
James A Doherty former Boston Common Council member for 1893 94 and 95 died at his Somerville home after a two weeks illness Born in 1869 in Boston he led St Stephen's Lyceum and Literary Society He belonged to the Irish Charitable Society Somerville Lodge of Elks and several religious groups He is survived by his wife three sons a daughter his mother two sisters and two brothers
With one exception Judge James R. Hamilton dismissed all State cases charging maladministration against former Governor James E. Ferguson and other state officials. District Attorney John F E Shelton said indictments were insufficient to warrant a conviction.
Roland C. Nickerson Jr. answered interrogatories in a $50,000 alienation of affections suit filed by Fred B. Brown of Boston against Carrie Brown. Nickerson said he has known Carrie since childhood, served as lieutenant in the US Navy Reserve aboard the USS Winchester, and worked in the Mast Brewster fish business. He denied being a steady caller before her marriage, with some intimacy questions left unresolved by Judge Wait.
President Wilson will issue a proclamation within days reducing beer to 23 percent alcohol by weight. The grain used for brewing will fall about 20 percent under the order. A weight standard protects brewers of ales and stouts whose heavier products raise volume percentages.
Washington December 11 The Senate elections committee again postponed its inquiry into Senator La Follette s St Paul speech The panel debated whether a further probe would be conducted by its sub committee or by the full panel to pursue additional investigation.
The full committee will meet next week to decide on the question of procedure and has deferred for the moment the proposed examination of former Secretary Bryan.
Orillia reader Dan McLean shares a testimonial after two years of constipation and headaches improved by Fruit-a-tives. He reports better appetite and energy, saying the medicine makes him feel “like walking on air.” Available 50c a box, six for $2.50, 25c trial size. sold by dealers or by oeee Limited, Ogdensburg.
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