Business & Finance: Index: Oct. 8, 1928

Wages. Because copper is selling for 15¢ and more a pound, leading Arizona copper mining companies—notably Phelps-Dodge, Calumet & Arizona and Shattuck-Denn—have increased employes' wages by 10%. Miners will get about $2,500,000 more a year.

Car loadings numbered 1,138,312 the week of Sept. 15, the greatest number so far this year. Grain, livestock, coal, merchandise are moving in great quantities.

Foreign Loans. Various German organizations are negotiating to borrow $100,000,000 in the U. S.; Greece wants $75,000,000; Hungary $5,000,000 (for its Reformed and Lutheran churches). President Charles Edwin Mitchell of the National City Bank (Manhattan), last week told German bankers that $150,000,000 of...

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