Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1909-11-13

and y. L. Winchell, president Of the
Rock Island, reached New York last
night on the Lusitania Mr.. Rockefel-
Ter said "Everywhere, abroad is pros
perity." When asked Whether Franco
sought more of American securities.
he said: "Why not? She has digested
those she has"
New York-The strain of higher
prices for raw products, says Brad
streets, is not only being felt by man
ufacturers, who arc in turn forced to
advance prices on finished goods, but
it is also inducing demands for higher
wages by employees, who are using the
increased cost of living as a basis for
enhanced remuneration.
Daniel Guggenheim, who has re-
turned from Europe, denies emphat-
cally that he has come home to sane
ton the rumored merger of copper in
terests. He admits he is aware Of a
proposition for consolidation of a num-
Der of copper producing properties, but
says that inasmuch as he has been alb
sent from this country for four months.
he is not conversant with details of
the proposed community of interests
plan. Regarding copper conditions, he
says: Il account for the present low
price by a false impression of visible
supply which is grossly exaggerated
by reports from European centers. All
the copper in Europe today does not
exceed 100000 tons, which is only nor
rial supply" Mr.. Guggenheim further
says that during the last two or three
years European building and other
OF f,f
copper has been at very low mark,
but now great activity is observable in
every country in Europe.
j. s. Rache & Cove advise a co.,
servative attitude regarding the gem
eral market at the present time and
would suggest only buying on the more
severe setbackS
New York-The average price of 20
active stocks at the close Thursday
was 127SG, decline of so compared
with Wednesdays close. A year ago the
average was 1853.
Chicago-Pres. Harrahan of Illinois
Central, says: 1.-The purchase of Cen
trail of Georgia means much to us, as
il gives Illinois Central an entrance
into a part of the country, the south
east that we did not reach in any way
before. The line is a good feeder for
us and gives us a valuable port on the
Atlantic Ocean-Savannah. Central OF
Georgia owns the ocean steamship line
between New York and Savannah, and
this will enable US to carry trafflc from
New England and the East to SaVan-
nah, then across on our own rails to
the middle West, north and south or
the Ohio river. BY connection with
the Atlantic Coast Line we are en-
abled through our road and the Cen
trail of Georgia, to operate through
passenger service between Chicago
and jacksonville, Fla
Pittsburg-Carnegie Steel Co. has
purchased a tract mainly on the oppo-
site side of the river from Girard of
about 265 acres on which it will To-
cate merchant bar mills having a ca
pacity of 10000 tons of finished bars
per month. The proposed improvements
will be connected with Carnegie plants
of Youngstown, on the south she OF
Mahoning river by Baltimore & Ohio,
and additional facilities will be AFFORD
ed bv the pronounced Youngstown &
Northern Railroad when it is COM
pleted.
New Worthwhile the pig iron mar
ket seems to be quoted somewhat,
there is still a healthy demand, and all
of the local selling agencies report
good run of orders. In some quarters
the opinion prevails that the present
lull is only temporary The more con-
sentative element expects no material
advance above the present level before
the first of the year.