Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1909-10-02
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IN this / believe that

u. plan. In Spie this believe that
All s6.S65A Gid and would be
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g. u Dine scheme to pre-
Chicago: fnber was the biggest
n1onth thiss for New York Cen
trail lines .west, II Pittsburg and above
two year, ago. Ore tonnage from Ash
tabula HSrbor 70 Pittsburg has broken
the reQcTd. There is a car shortage
developing there and also in the Mich
igan orchard section. Packers are de-
handing their equipment because meat
shipments are increasing. Hartman
Pacifics want 60OG cars for October
fruit shipments. Railroads expect the
worst car shortage ever experienced
when lake navigation closes and the
corn crop moves.
Pittsburg-Judge Young in the
United States district court has au-
thorized receivers of Wabash Pittsburg
Terminal Railway to pay $10,320 inter-
est on four mortgages. The receivers
have plenty of money to make the pay
ments, and it is said the receivership
may be lifted in October.
New YOrk-The average price of 20
active stocks at close Thursday was
1926. decline "a compared with
Wednesdays close. A year ago the
average was 1926.
Boston-For some months there have
been indefinite rumors of a prospective
consolidation of the Nipissing Co. with
it's 1,20O,000 shares of stock and $4,000
stockholders, and the La Rose Con-
solidated Co. with 100000 shares of
stock and 1000 stockholders.
While there has been no real basis
for these rumors in the past, there is
now. and We understand that the mat
tr has progressed to a stage where
Some announcement will shortly be
presented to the shareholders of each
company.
Laidlaw & .Co.-Many disinterested
observers are inclined to believe that
the rise in prices will be conducted con-
siderably further in order to create a
profitable distributivc basis, but the
impression is that the movement is;
being hurried to a elimination before
the convention of Congress in early
December.
The change which has taken place
since the first of January in the ar
OF the American Telephone
& Telegraph Cos. capitalization has
been little less than startling.
1t speaks well for Western railroad
ing that Northwestern, Pock Island.
Burlington and Atchison handled more
tnan 7O,0O0,000 passengers during tho
past fiscal year without fatality.
Among improvements that nave made
possible such showing are steel care
ana electric signals. Some managers
say substitution of telephones for the
telegraph in train 6ispaichirg has inn
proved service, although the men who
do the work take different view Mil
liohs have been spent in Strengthening
Strengthening curves and
nallasting, but what is more important
than anything else is improvement in
the personnel of operating forces.
The panic of 1907 resulted in the ac-
emulation of large stocks of scrap
IRON. In face the general public have
out imlted knowledge of the large
qualities of scrap iron that are accu-
and used each year. For in
stance at least two dealers in this coun>
try are now carrying stocks in excess
OK 100000 tons each, several have from
$4,000 to 5000 tons in stock and a large
number OF dealers in old iron carry
from 1000 to $4,000 tons In the aggre-
gate the available stock Of this class
Of iron is very large and in excess or
500, 900 tons.