Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1909-10-08
DAYS Financial
News and Gossip.
Boston, Oct. Z 1903.

Boston, Oct. 1909.
For the fiscal year ended Sept. 30,
the net earnings of the United Fruit
Co. were $4,500,000, which compares
with s4,041 ,091 for the 1908 year, and
yearly average since organization of
81, ST., 800. This balance of net earnings
is equal to 1872 per cent. on the ST.
328, 800 capital stock after charges.
The feature of earnings in the last
year was, of course. the record results
in the sugar department, which were
three times as great as a year age and
practically doubled those of the best
previous sugar season in the CON-
pany's history. Banes and Nipe to-
gether earned nearly $l,6000o0 on their
1909 sugar operations.
Several small stockholders Of the
New England & Clifton Copper Co. re-
siding at Clifton, Ariz., have applied
to the local courts for the appointment
of receiver for the company IN the.
ground of mismanagemcnt. a date for
hearing upon the application has not
yet been set by the courts.
In exchange for the 109,9B shares
of Boston & Maine the Boston Holding
Co. delivered to the New Haven Bril-
lard interests a temporary certificate
for s1.649,200 of stock, also tempo
rary certificate for $13,743.5Oo of bonds.
The permanent engraved bond and
stock certificates will probably not be
ready for several months.
In their October bulletin. Fisk G.
Robinson say: persistent rumor comes
from Washington that the national
authorities will be compelled to issue
short-term 8 per cent. certificates to
care for the governments financial
requirements The firm stand taken by
the administration will aid in the at
tempt to avoid issue of exchequer bills.
but brief analysis of conditions in
dicates the effect will prove futile.
Pittsburg-Superinte of Carne-
gle Steel Co mills have been ordered
to put their mills into the best produc-
ing condition and drive them to their
utmost throughout the xpIesent quar-
ter ending Dec. 81. Ever mill is loaded
up with orders.
koston-The governing committee of
the Boston Stock Exchange has voted
not 70 close the Exchange next Tues
day.
Chicago-In contrast with James ].
Hills assertion that this countrys
available agricultural area is nearly
all occupied is Sir Thomas Shaugh-
cessy's that Canada is only lone fifth
developed. wheat of the very finest
.ort." says the Canadian Pacifics
president. lis being grown 300 miles
north of the farthcst section where it
was considered practicable 20 years
,go."
Detroit-The annual meeting of Pere
Marquette has been adjourned until
\ov. ).
Now York-iWedE EVENING"
Total dealings in two davs. about O.
0r.0fn shares. stand for a big turn
over in speculative holdings. AS con-
there is a feeling tonight
that the technical position has been
considerably. owing to
he wedding out of weak. over-extend-
I'd bull accounts. Also. the short inter
EST in increased. aud the big men in
the steel. Union Pacific and Reading
ave undoubtedly bought back some
IF the stocks sold on the recent bulge
Charles d. Warren. president of the
Lake Superior Corporation. resigned at
, stormy meeting of directors follow
ng the annual meeting in Camden. N.
J.. Wednesday, He was succeeded by
T. J. Drummond of Montreal ]. Tat
lali Lea of Philadelphia was made
vice president and Thomas Gibson of
Toronto was elected treasurer in place
Of Walter p. Faust of Philadelphia
On basis of 80 to 50 cents BUSH
Ell at Winnipeg. wheat is moving rap
div between that market and Fort
William on the upper Lakes. Double
racking of Canadian Pacific between
hese two points warrants expectations
of enormous deliveries for shipment
down the lake during the next six
weeks before close of navigation.