Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1909-12-10
age was 1866.

age was 1tS.Uo.
Boston--During the current fiscal
year, which began Oct. /, Boston File.
waited will, in all probability. have in
resort to the purchase of outside power
to get sufficient energy to move its
trains. 1t is likely that total of at
least 10000 X. w. capacity of power
will be needed.
Boston-Net profits of Swift &. Co
for the late fiscal year. ended Sept. 30
were very materially less than for the
1908 year. The balance for dividends
was slightly less than IL per cent. on
the S60,00O,00 stock, against 49, ner
cert. on the $4,000, 900 stock outstand.
ing at the end of the 1908 fiscal -
months. In other words, net profits of
SO, 900, 900 in 1908 shrank to about 81 800.
900 fer the year recently ended.
Wash.--A comparison by clerks Of
the Senate and House committees on
appropriations shows that appropria.
lions for 1910 exceeded estimates BY
Secretary MacVeagh for 1911. as fol.
lows: Army Sc, 397 900, Notifications g..
44o, 900, Indians, s2.s670OO, Militsy
Academy, s655,6G0. navy s10,02S, 600 pa
sions s5050 sundry civil S11,32G 900.
n. Y.-That the sale of the $12, 5OOef
.0year 4 per cent. corporate stock I'll
New York, bids for which will be open.
ed at the cOmptrollers Office Friday af \
ternoon, will be a success is the prac
tically undivided opinion of the bond {
men.
n. Yin the United States Circuit 4
court, J kearIey Rice, trustee ias
bankruptcy for the Consolidated Ar. 4
IONA Smelling Co.. which went down.
in the 1907 crash. has brought suit I'll
recover S733,5SS from Charles w
Morse, John F. Carroll. George WE
Middleton, Joseph X. Delamar. johns
r. Elliott and Ludwig Vogelstein, for
mer stockholders in the corporation
Mr.. Rice brings irto play the stock
holders liability act OF New Jersy
where the company received its char
ter.
\. with electromagnetic tropOh-
tan preferred around 60. the highesl
since 1907, the most persistent rurnor u
that surplus of Interborough RAPID
Transit Co. for the current year wi
be sufficient to pay 5 per cent. div
dends on the $4,000, 900 preferred ~
Interborough-M Metropolitan and pm
cent on the 500, O00,000 common. y
Pittsburg -Crucible Steel Co. dire
tors are said to plan retiring to 81
75S,0O0, preferred, paying therefor,
well as for it's accrued dividends, WI
a new issue of common stock, in add
ton to the present s25000.000 comma
stock. The company is exercising
rece ntly acquired right of dealing
it's own securities.
n. Y.-Orders received in Octor
November and first week of Decemp
by the Steel Corporation will probal
show an untitled tonnage of nearly
SOC. 900 tons as of Dec. 81. 1909. At cNs
of 1865. untitled tonnage amounted
3.S02,527 tons. so that untitled oras
have been practically doubled since
Y. Y.-Atlantic Coast Line cut
penses in 190S-G9 so that they showa
decrease of nearly 100000 and surp'
an increase of $1.S4S.000. Gross
manned almost stationary
n. Y.-Proceeds from Chicago
Northwestern Railway new CONF
stock issue of approximately SaLM
will be used for completion Oh Wy
now under construction and for w
posed extensions, prominent ans
which is a road from MilwauKee
Elroy, Wis, of about 100 miles
present line via Madison runs tnrVs
numerous tunnels and consequep
has fallen into disfavor. The new ~
would run over a more level counu
avoiding tunnel construction.
Philadelphia--To eliminate 10
crossings in Bristol, the PennsyN
has invited bids for construction
entirely new line through that
The Pennsylvania has in the pas
years been eliminating grade cross
on it's main line, and in that uhN
the New York division alone ~ ~
ings at grade have been abolisneu'