Wall Street Close Illuminates Merger Hopes and Shares Rise
Wall Street closes with renewed bets on motor industry consolidations and larger mergers. Shipping stocks led gains under marine preferreds, sugar shares steady on strong demand, and a broad rally in industrials reflected in prices for copper, petroleum, and electric stocks. Bond markets held firm as new entente war-bonds buoyed sentiment amid light trading and prices for rail and steel issues showed resilience.
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Assessment Reduction Granted Railroaders
Railroaders and Montana locals push for changes to the Northern Pacific monthly hospital assessment. Following repairs to association hospitals in Missoula and Brainerd, concessions aim to halve the maximum monthly deduction until July 1, with earnings over 200 reducing by 1.50 and other changes to a new method balancing costs for disabled or aged workers.
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