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Dillon Tribune in Dillon, Montana

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Dillon Tribune

Location

Dillon, Montana, United States of America

Date

Aug 07, 1931

Page

2

United States Steel slashes dividend and trims salaries

United States Steel directors in New York cut the quarterly common stock dividend from 1.75 to 1.00, lowering per share to about 4 dollars for J A Farrell in effect. Salaries for officers and employees are to be reduced about 10 percent, with management to decide the exact amounts. The move signals willingness to curb wage scales amid broader economic pressure, while earnings for over 200000 shareholders are affected.

Statessteel New York J. A. Farrell Oover James A. Farrell United States Steel Corporation Farrell Wall Street United States Department of Agriculture Guam Department of Interior California Hawaiian Islands Philippines Pacific Midway Hawaaiian Islands Nantucket Magellan

Interstate Commission Cuts Montana Petroleum Rates

The Interstate Commerce Commission orders a substantial reduction in petroleum transport rates from Wyoming to Montana, ending a two year dispute. Montana rail and refinery interests opposed the new schedule which lowers gasoline transport charges by about 29 percent from prior state rates. the federal change ranges 7.5 to 2.4 cents per hundred pounds for Montana gasoline shipments, while crude oil rates remain unchanged.

Polson Flathead Valley Hardin Big Horn County Helena Montana B. F. Thrailkill Plentywood Deer Lodge Bozeman Gallatin Valley Ekalaka Great Falls Stockett Foote Billings Crow Indian Reservation Wyoming New Mexico Canada Butte Missoula Bitter Root Lake Como State University D. E. Thomas Interstate Commerce Commission Montana Railroad Commission Federal Commission Commission

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