Ogden Daily Standard | 1914-04-08 | Page 6 | Canadian Pacific Takes Big Drop

CANADIAN PACIFIC TAKES BIG DROP New York, N. Y.. April 8. Canadian Pacific was the overshadowing feature fea-ture of today's early stock market. The action of the Canadian railroad commissipn f,n ordering substantial reductions In western Canadian freight rates caused the stock la j break from 20G 7-S, yesterday's closing clos-ing price, to 199 3-4 in the first hour of today's business. , Canadian Paoiiic has been on a 10 per cent dividend "basis Since 1912,! in which year it sold as high as 28G. Much of today's selling was of foreign for-eign account, the stock being a speculative specu-lative favorite in Berlin. Montreal and other Canadian centers cen-ters also sold extensively.