Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1909-11-24
Days Financial
News and Gossip,

boSlOil, NOV. 20.
October earnings of the Massachu.
sets Gas subsidiaries show con.
tinuance of the large increases in net
inaugurated in August. In fact ne.
earnings for the quarter ended Oct. II
disclosed the largest increase for any
similar quarter on record, namely $780,
$40, or 81 per cent.
n. I.--Thc average price of 90 ac-
tive stocks at the close Monday was
1851, decline Of Al compared with
Saturdays close. A year ago the aver.
age was 1l6.5S.
Affairs of Central & South American
Telegraph Co. are in the best shape,
and business of the company has held
Up far beyond expectation of its off,
GERS, who, after the reduction in the
first of the year of all toll rates. were
prepared to see decrease in the re-
celptS from operations. Instead of this
because of the increase of business as
result Of the cut, earnings for the
year ended Dec. 81, 1909, will make fully
as good a showing as in the previous
period.
n. Y.-The disposition among lead.
ing retail houses to prepare for the hol-
sale business. During the week in
quiries have been made for exceptional
ly large lots of fancy materials and
western buyers by their presence show
that the earlier takings have been dis
posed of and that fresh requirements
are needed
N. Y.-Crop summaries reported by
BroOmhali for the worlds leading grain
countries credit Canada with 123, 900, 900
bushels OF wheat; against $4,000 600
bushels last year. Angelina is out or
dGnger from locusts for the early crops.
With all cereals promising an increase
excepting Enseed. Summer wheat es-
Inmates are placed as high as 12S,OOO,-
coo bushels
n. Y.-Consumption of bar gold, for
industrial USES as measured by sales
at the United States Assay Office in
New York, shows steady improve
ment For the fiscal year ended with
June 80, 1909, the value of gold thus
sold to the jewelry, dental, and other
Industries directly, together with the
bars sold to banks, through which they
are distributed to these different
trades, amounted to $1S96S.O3
II UNI, ILllio N ". o.tSS- LIE STANDS
ard Oil decision is an unsettIing factor
and the market will probably be fever
ish and irregular for the time being
with general recession possible. These
clips if they occur afford good oppor,
tunities on the long side, but one
should not make the mistake Of selling
this market short.
Chicago-1llinois Stecel Co. gets a
2300O-ton raj contract from one of the
trans-contircntal railroads. A 3O.Oon.
ton steel ORDER, required for the St.
Louis bridge, has been secured by the
American Fridge Co. Bids have been
opened for 100-ton steel contract for
the Boston store addition Illinois Steel
Co. expects to have three additional
mills at Gary By the end of the year.
n. 1.-President Guggenheim of the
International Steam Pump co. saws
that orders received in recent months
are sufficient to tax the eduipment of
the company and the associate COM
panies to the limit, and that greater
business is in sight which the company
VIII be enabled to handle through the
engagements end extensions now being
effected These improvements are to
be financed by the recently authorized
bond issue of s12eG0,000.
Roston-The trustees of the Massa-
chusetts Electric Cos. at their dividend
meeting tomorrow will probably vote
slight increase in the dividend rate
above the 8 per cent. now being paid
Boston-Pressed Steel Car is under
stood to have orders on it's books suf-
ficient to keep its plant in operation at
full capacity for the next 10 months.
Orders on had call for between $4,000
and $4,000 cars, mostly for spring de-
livery