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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Nov 08, 1918
Page
16
Current prices show 6 percent for Brokers' call loans, Outside brokers' call loans, Customers' commercial loans, Individual collateral loans, Commercial paper, and Year money. The rates are uniform at six percent across these money market instruments.
The market surged on armistice reports with peace stocks rising while war stocks fell. Steel and railroad shares led gains as Paris signaled terms. New York Exchange closed early amid confusion about armistice status. Local rails and utilities followed the market’s volatile moves.
An official Berlin despatch reports Chancellor Maximilian urged Germans to stay calm to avoid sabotaging wartime efforts. A deputation has gone to the front to seek restraint and discipline amid bloodshed and disturbances.
Envoys moved toward Foch with plans for a meeting between 8 and 10 tonight Paris time, though the State Department had no confirmed word on any armistice terms or German entry into the French lines. Paris time is six hours ahead of Boston, so the likely arrival was yesterday afternoon Boston time, with daylight saving affecting the hour.
German grand headquarter wireless seeks meeting with Marshal Foch to discuss an armistice. Firing to cease on the front at 3 pm until further orders. Reports list plenipotentiaries Erzberger Winterfeldt Oberndorff Gruenell and Von Salow and outline the planned route to the meeting. Rumor Bavaria may remove troops if no armistice is agreed.
London dispatches quote Copenhagen reports that Kiel and much of Schleswig are in rebel hands, with the German navy largely under revolutionary control according to cables from Kiel via the Exchange Telegraph Company.
Kiel is governed by the workers and soldiers council with Red Guards occupying workshops and control of street car lines. Battleships Kaiser and Schleswig-Holstein seized by mutineers. officers arrested or disarmed. Sailors threaten to blow ships without peace treaty. Hamburg and Lübeck see strikes. mass dock worker walkout in Hamburg.
An official despatch cites the Frankfort Zeitung reporting Kiel rioting began last Sunday after a meeting with independent Socialists. Sailors from the fleet and Kiel arsenal workers joined to free imprisoned sailors of the third German squadron. Several clashes with police left three dead and 29 wounded.
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