Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1909-09-16

ccnt. olVlGendS PAD during the yoar
ended June 80 of s523,f42
President futile says, i'm rart IT,.
general business depression which b.a
become acute in December 1907 co,
tInued unfayorabIy to affect the corr
pany's earnings until the bcginntn, =,
the month Of December 1908: and d,r
ing the first five months of the fsoo,
year covered by this report, operating
revenues decreased, In comr,arison
with those of the same months of ,ha
previous wear, 81 $685. $50.
With the opening of the month :.
december, 1908. however. an improve.
Hient IN all classes of commerce and
trade began to be apparent, and anr.
ing the last seven months of the fsc,,
year the company's operating reva-
rues. compared with those of the ILL.
period OF the previous year. increasaa
$2,l1,iS5, giving thereby a net improvc.
ment over the total of the previon.
fiscal year Of 1887 ,949.
The gross income from all sourco,
Tor TIE year ended June 20. 1909 was
slo,32l.0l3; for the year ended limo
80, 1898, $780, $40; and for the voar
ended June 20, 1907. SAL 10 1aO. indj-
eating that although the COMPANY and
'he industries which it serves. have
again entered upon an era of pros
perlty, its gross income for the wear
ended June 80, 1909, was s1,491.127 less
than for the year ended June 20 1eo-
when It's earnings We're at their maxi
num-
l.aidlaW 4 Co.--The immediate fu-
ture Of the market It would Seem will
depend largely upon the movement
in the Hartman issues Meantime
developments in the situation at large
continue to be of d character so favor
able as to warrant no apprehension
OF any pronounced decline from the
present level of prices. on the other
hand, crop prospects are somewhat
less favorable than Il month ago, and
tire movements of money would indj-
cate some reimbursement of rates to-
ward higher level in the not far dis
tant future
j. :. Bache q Co.-There is still con-
siderable of a short interest in The
market. The steel trade is booming
and the latest reports are stronger
than ever.
Pittsburg-The industrial sky in the
I1ttSburg district cleared materially
during the past week. and there is a
general feeling that a most prosper
Gus season is ahead. The strike at
Pressed Steel Car Works has been hap
PLY settled. and the immense plant
is busy on it's delayed orders.
There is a persistent report that
Unit
meet in December to consider i'm
provements for subsidiary companies,
the Pittsburg district will fare gener-
ously. Machinery orders have been
coming in with a rush.
Pittsburg bank exchanges showed an
increase of $I,0oD,000 compared with
last year.
New York-There is said t. have
been considerable buying of Telephone
in the past few months, and the stock
is bec,Ining popular IN England, where
investors have no such security Of their
own since the telephone lines in Great
Britain are about to be controlled by
the government.
Bulls on Atchison say this stock is
destined to take a much more promi-
'iNiiI PioN' III tlIS hereafter
than it has occupied for a considerable
time past. and that, in fact it will
in the next few months take rank
among the leaders, a distinction to
which the earnings entitle it.
It is contended by the bulls on New
York Central that in view of the ex.
cellent prospect for earnings and this
better operating results which are now
being obtained from the property, the
stock at the present price is selling
on reasonable basis even should
some of Mr. Harriman's plans for the
property not DE carried out.