Irregular Session Moved by Conflicting Developments
Daily stock market faced an uneven session influenced by the U S Steel quarterly report the Pennsylvania railroad dividend cut and a tangle over German indemnity. U S Steel confirmed slackness while rails rose briefly on rate news. final losses and widespread declines followed. Total sales around 9.85 million dollars.
MENTIONED IN THIS ARTICLE
New York
United States
Interstate Commerce Commisson
Pennsylvania
Heatone
Stockholm
Chang
Resula
Commerce Commission Denies Rate Decrease
The Interstate Commerce Commission refused to order lower railroad rates from the east to inter-mountain regions, saying existing tariffs are not unduly prejudicial. The decision, while not a final solution, aims to aid future settlement and was opposed by Pacific coast manufacturers and eastern shippers.
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East
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American Tobacco Co Reverts to Regular 3 Percent Dividend
New York April 7 The American Tobacco Co which had paid dividends in scrip since September issued a standard quarterly cash dividend of three percent on its common stock today converting to par into class AB common divisions.
MENTIONED IN THIS ARTICLE
New York
American Tobacco Co
Monee Market Update Shows Mixed Bond Rates
Market notes from Monee Market indicate new offers and bids with rates around 4 to 7. Closing bids and last loan figures show fluctuating activity in April, with steady money supply and bank acceptances influencing rates.
Cotton Stock Transactions Report From New York
Yesterday's stock transactions in New York include cotton spot markets with prices noted as midday figures around 12 5. The brief report lists market activity and price directions for cotton commodities traded in the financial hub.
Grain Wheat and Corn Markets Slip On Weak Demand
Grain markets opened with higher tones on expectations of growing demand but closed heavy. Wheat fell 3-4 to 1 1-4 cents with May around 1.25-8, oats and corn eased, oats led by storage pressure, and provisions sagged amid weaker support. Reports of India buying rice and Greece exporting large bushels amid war demand supported some uplift, while Dutch corn arriving in poor condition dampened sentiment.
MENTIONED IN THIS ARTICLE
Caticago
Jair
Greece
India
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