London, Jan. 23.
The Commonwealth Government Line announces an immediate substantial reduction in freights homeward and outward between Britain and Australia.—Reuter.
London, Jan, 24.
The Commonwealth Government Line freight reductions are the subject of lively debates in shipping circles and are regarded as marking the beginning of a freight-war between the Government and Conference lines. It has been suggested that Australian, political considerations are behind the reductions, but this is denied, Larkin, the Governor of the Com monwealth Line, declaring that the cuts were made without consulting the Government.
While a number of merchants are ready to profit by the reductions, the Conference lines are stated to have received assurance of support from soma of the largest shippers.—Reuter.
A G. $150.000,000 Merger The International Banking Corporation have received a telegram from the head office stating that the National City Company, jointly with the Guaranty Company, have just successfully accomplished financing the G. $150,000,000 Anaconda-Chile copper merger, which is the Jargest individual industrial public bond issue ever offered in the United States.
Text read from the printed page and cleaned; old type leaves the occasional error.