Show 4 T I Wall Wal Street Briefs I 4 S o NEW YORK March 17 The The action acton ac action ac- ac tion ton of or the Pa Pan American Petroleum and Transport company directors In reducing the quarterly dividend from 2 to 1 n a share did did not surprise V Wall Vall aU street It had been known own for some time tim that suppression of of the company's activities to lower prices prevailing last year and losses sustained sustained sus sus- tamed In development of the Call Call- Cai- Cai California fornia naval reserves would force a reduction I I I Th The Continental Gas and Electric corporation which operates a a. large number of public pubic utility properties in Western Vestern states today announced an increase In the dividend on Its Is commOn common com corn cornmon mon stock from 2 t 03 a share annually an- an an an- In additon addition to the payment of 3 in common stock on each share Initial dividends at the rate of G C per ce cent t for the participating preferred preferred preferred pre pre- and 7 per cent for the tho prior preference stock also was declared with wih an extra participating dividend of or 1 per cent In i cah cash and antI 1 per cent in common stock Caddo Central Ohio and Refining corporation reports a net loss of or 1 Jl- in 1923 ta net loss Inthe inthe in inthe the previous year of S The Tho Western Wester Electric company had hada a net Income of or In 1923 equal after taxes and preferred divIdends dividends dividends div div- to 1438 a share on shares of no par value common stock compared with wih or a ashare ashare ashare share In 1922 I Heavy week end accumulation of ot foreign buying orders sent the French franc upward to a new nev high for the movement at cents at the opening open open- ing in- of th the foreign exchange market today a s I ge Call Can mone money was offered In the st stock ck mar market et today at 3 per cent for the first time since September 20 last The low rate is duo due to the extremely light borrowing Brokers reported that was on offer this morning with no demand February news print output In the te United States totaled tons and Canadian output tons as compared compared com com- pared anacin with wih and tons respectively In January Januar |