Local Market Mixed Outlook and Bond Conversion Hurry
A broad advance is noted across the market with a mixed outlook as analysts warn mass electric prospects show a short time left for converting liberty bonds in the current window.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Oct 12, 1918
Page
9
A broad advance is noted across the market with a mixed outlook as analysts warn mass electric prospects show a short time left for converting liberty bonds in the current window.
Yesterday's trading showed little distinction between war and peace stocks as the market advanced with strong rail gains and bankers noting short covering. United States Steel and Massachusetts Electric led in activity while Mexican Petroleum and rail stocks posted new highs on upbeat sentiment about a forthcoming peace boom.
Massachusetts Electric Cos. managers drop any immediate receivership lift and shift to a new fare scheme with a 10 cent minimum unit fare, adjusting distance rules for urban and rural areas as funds for reorganization prove nearly insurmountable. Meanwhile the campaign for the Fourth Liberty Loan continues and investors are urged to convert old bonds to new 4 1/4 percent issues before the November 9 deadline to gain higher annual interest.
The article catalogs a dense list of bonds and securities across international markets including Paris, London, and U S issuers. It names banks, utilities, railways, oil firms, and steel companies with various 4s, 5s, and higher coupon notes, reflecting a snapshot of 1930s fixed income trading and price quotes.
Uncle Sam seeks support with men ships and money for war mobilization. He has the manpower and shipbuilding underway while urging citizens to buy bonds and contribute funds.
Cape Town reports the Spanish influenza epidemic surpassing past plagues. More than 140 burials occurred in Maitland Cemetery, while Johannesburg logged over 100 new cases and 11 deaths. Mining districts see relief as hospital cases fall from 20 000 to 3 000. Durban records 8 000 cases. Coal mines in Natal close and rail services tighten. Thousands assist relief and have been inoculated with good results.
Edward Floes Brazilian consul to Sydney Australia died in New York of pneumonia after a bout of Spanish influenza. He was en route to Brazil and stopped to visit friends.
The Boston health department recorded 121 influenza and pneumonia deaths, three fewer than the previous day, while officials note a general improvement across the state. Schools and theaters face closures, football games are postponed, and health leaders urge patience as patients recover slowly and avoid early return to normal work.
Washington Oct 11 Ten officers and 102 enlisted men were lost when the American steamer Ticonderoga was sunk by an enemy submarine on Sept 30. Two officers were captured and three officers and five enlisted men were saved. Enlisted soldiers were aboard the ship. soldier losses not yet announced.
Cardinal O Connell visited the State House to confer with Henry B Endicott chair man of the Emergency Health Committee and others on the influenza epidemic and public safety. He offered cooperation while Endicott praised Catholic organizations and the sisterhood's work.
Dr. George F. Baer of Pittsburg reports a successful cure and preventive for Spanish influenza. He says patients with a 103 fever recovered using a preparation combining iodine and creosote, claiming both treatment and inoculation are effective.
Paris despatches quote the Kreuz Zeitung bitterly criticizing German diplomacy for not breaking up the Entente. It argues a separate peace with one or two allies would have been better, now deemed too late. Baden Presse notes demands for sacrifices while refusing to cede Alsace Lorraine or German territory in the Orient.
Colonel Millard Hunsiker, longtime United States Steel Corp. associate, died last night at Harrogate in Yorkshire, England, after a lengthy career with the company.
Urges readers to act promptly and purchase an additional bond at the earliest opportunity, stressing immediacy and routine action. The message emphasizes making the purchase first thing in the day to avoid delay.
The Ticonderoga once Camilla Rickmers was torpedoed after dropping behind a convoy due to engine trouble. Crew from New England are listed as missing or without records, including Officer-Lieutenant William Bennett of East Boston and Ensigns Richard Wells and G. G. Gatley. Survivors include Lieutenant Commander James J. Madison and Ensign Gustave Ringelmann, with two lieutenants taken prisoner by the U-boat crew.
London dispatches report Turkey has asked for peace though Washington officials have not received any proposal. Spain’s embassy notes no communication arrives yet. Officials see potential terms aligned with Bulgaria and Wilson’s conditions, while German leadership faces internal disarray amid ongoing Allied offensives.
With the British front in France reporting, Monsignor Chollet archbishop of Cambrai was removed by German forces as they evacuated the city. The incident underscores baring occupation turmoil as Allied lines hold elsewhere.
The note warns Kaiser that anxiety over the Fighting Fourth Loan may ease only if the loan fails. It urges readers to buy now, emphasizing urgency and potential political pressure.
A casualty list released this morning names 740 soldiers. New England boys are scattered in average proportion among the killed wounded and missing figures.
Official casualty lists will be released for publication detailing honors won by General Pershing's troops for bravery. The daily rolls show divisions with numbers of killed in aeroplane accidents and wounded, including slight and severe injuries, as reported from yesterday afternoon and this morning.
War Department telegram confirms Private John Alviti of C Company 1011th Infantry has been missing in action since September 13. His brother Charles Alviti, a well known North End photographer, has received the notice at 74 Prince Street.
Raymond H. Batchelder aged 20 died of wounds on Sept 12. He served in L Company 116th Engineers and lived with his uncle and aunt, Mr and Mrs Albert Palmateer, on Hancock Street Auburndale. He is the first Auburndale boy to die in France.
Private John Morrissey of company 89th Infantry was killed in action after six months service overseas. He was 23 years old, son of Mr and Mrs William J Morrissey of Bridgeport Connecticut. Drafted last October he was later transferred to the regulars with whom he died.
Private Carl Lindquist 41 Cedar street Lawrence was killed in action overseas. He served with Headquarters Company of the 23d Infantry and was 20 years old. Lindquist worked at Pacific Mills before joining the national army. He is survived by four sisters.
Lieutenant Allan Douglass of New York and Canton and an officer of E Battery 118th Field Artillery was killed in action in France. He was 23, son of Mr and Mrs Edward Douglas of Buffalo New York. He married March before leaving for France to Rachel Capen of a prominent Canton family.
Official casualty list names many service members from Massachusetts and adjacent states with ranks and home addresses including Lt Allan Wilkins Douglass Canton Lt Parker B Jones South Weymouth Pt Frederick D Hmmons Charlestown Dennis Bagley Fairview Pt George Devoe Millbury Pt Peter Gallan Taftville Conn Pt Thomas J Horan Waterbury Conn Pt Arthur Levesque Fall River Pt Carl Lindquist Lawrence Pt John Fe Newell North Attleboro Pt Joseph Gielarowski Easthampton Pt Aime Tarlow South Norwalk Conn Corp Harry M Nightingale Rumford Me Corp Clarence M Robinson Post Mills Vt Pt Frank H Frost Worcester Co 104th Inf Pt Alexander J Bernard North Bridge Pt William Pollard New Bedford Pt Raymond H Batchelder Auburndale 116th Eng Pt James F Marron Stoughton Lt Leonard W Ahern Ashmont A Co West Inf Set Lawrence C Bunton Boston A Co 18th
A long list of names with street addresses and towns across New England and nearby states, each associated with military unit abbreviations such as Pt for platoon and Co for company. The compilation includes individuals from Massachusetts, Rhode Island, New Hampshire, Connecticut, and Maine, indicating a roster of personnel and their home locations.
Lt Henry Bradley Frost of 58 Old Mystic Street Arlington and 133 Park Street Burlington Vermont with Ft. Mitchell Levesque of 161 Division Street noted in a listing of individuals and addresses for a local notice record.
Previously reported missing four men are now listed as wounded or ill. Charles Farrell of Ridge Street is wounded to an unknown degree, Louis Lizotte of Taunton is ill in a hospital, Michael Ferrandi of Front Street Hartford Connecticut is ill, and William Hall of Olive Street New Haven Connecticut is ill in hospital.
An unofficial list documents service members from Connecticut Rhode Island and neighboring states with ranks and units. It notes several officers and enlisted personnel who are slightly wounded or missing in action, including the 310th Infantry and 102d Infantry units, with home towns such as Roxbury New Haven Providence Pawtucket Lawrence Waterbury and Ansonia.
A fragmented ad style record shows pricing codes and small print for consumer goods in Boston. It lists unit prices and package sizes with irregular typography and unclear product names, resembling a promotional guide or catalog excerpt from a historical newspaper page.
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