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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
May 06, 1924
Page
8
The Associated Press reports May 6 that Senate adoption of a 40 percent surcharge prompted early market selling in New York stocks, though broader uncertainty about the tax bill limited its impact as a bearish factor.
After early successes prices steadied and feeble rallies occurred in some sections of the list. Drives against industrial issues failed to trigger meaningful liquidation and indications pointed to a rather sold-out condition. Call money opened at 3.12 percent.
Washington May 6 the Senate postoffice committee backed a substitute bill raising salaries for postal clerks and carriers by about 300.4 yearly. Clerks would earn 1 000 to 2 100, special clerks 2 200 to 2 300, watchmen and laborers 1 450 rising to 1 550, railway staff 1 900 to 2 700, rural carriers unchanged, plus 3 cents per mile daily for vehicle upkeep for a 24 mile route.
Julius H. Barnes president of the United States Chamber of Commerce said at the twelfth annual convention that world commerce will quietly expand as business confidence returns with clearer government business relations. He cited European recovery aided by the Dawes report, a recovering agricultural sector, and stabilizing public sentiment as signs of continued prosperity.
New York May 6 Kate Claxton stage star who played Louise the blind girl in The Two Orphans died at her home yesterday from a cerebral hemorrhage. She was alone at the time of death.
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