Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1909-10-22
Days Financial
News and Goss|

Boston, Oct 81 !.
ID. Lorne MGibbon Of the ~.
Rubber Co, who with associates w
bought heavily into the La Rose ~
idated Mines Co. has been clectsS
ident of the corporation snes
John M'Martin. 'Sssd
Denver--At the annual meeting ],
Denver Il Rio Grande the folIovs,sMl
rectors were elected: George ~
Edwin Gould, Howard Gould "a g.. .at
Jeffrey, Charles Fl. Schlacks 'sscd
Wales, A. II. Calef, WinsIow r'M
and Arthur Coppel. The action IN
old board in giving a $3.50. 900 aoa
age to provide a reserve fund ~
outstanding bonds, assist in ss a1
the Western Pacific Railroad ~.
general corporate expenses, was W
Boston-The favorable effect
improved bushes conditions On ~
sumption of gas is indicated ~ s
increase of about 900 meters hv Z
ton Consolidated Gas Co. for IL 'a Y
ending Sept. 80. In the fiscal wv w
ed June 80 last there was a net ~.
in meters of 1894 compared win
crease of 16 in the previous fs"a
n. Y.-The Steel Corporation -.
cred the Columbus plant to b. =.
shape for operation within ner
The tin plate strike has been prssse'
broken and the result has baen -
creased demand for steel. TIM 4
Corporation is now operating ~
81 per cent. of blast furnace oass
which is more than normal pro5a.,
shows an increase of from 10 IN n
cent. compared with the year lon
LOndon-The Board of Trass
mates the net decrease in Graz,
aims 1908 wage bin at S4,sS5 6aS
pared with increases of 500 ias AZ
1907, and $1,095,000 in 1906. IN stsl
work people affected by chaness
year. 10000 received advances Il, h
sustained decreases. and 3S0.006 IA.
change.
Philadeiphia-Pre Thomas =, :.
high Valley says: Merchandss ana ~
senger traffic is very satisfactorr hss, XIV
fully as good as in the record w,
1907. Coal business is still y,sr AM
however. with little evidence A wy W.
Improvement.
In regard to the recent advance a, 4
high Valley stock. Mr.. Thomas say,
has no knowledge of the ineeptlcs
purpose Of the buying; that while i
gratifying to the management IN az q
stock in demand, he Is only an opert
head and knows nothing of the M
movements of the stock.
N. Y.-The recent advances "a
discount rates of the Bank of EnI2
and Germany to I per cent. end
cent. bring into a clear light the man
IN which the money market is reguaiI
by central banks in Europe Gland
in discount rate are determined by al
sighted considerations. The very hln|
by cable from London and Berln-as
opposition at the Bank of England
heavy financing of the American nj
ket and as to fear in Germany Of end
sive speculations in American securiIj
indicate the motives which infus1
those institutions. Ability to act VI
such motives differs from the abillti
American bankers, because the led
banks of issue set the pace for |
money market in Europe. while he'll
individual banker has either powd
authority to influence the market
n. Y. Jacob Schiff, who has ret
encouragingly of conditions in En-
particularly in Germany. wher ma
his time abroad was spent.
He says: In Germany general !
perity appears to have returned to
for some time. Considerable ac
prevails in commerce and the indus
German colonial enterprise seems
wise most encouraging and progrs
and altogether a feeling of ContenC
and encouragement inspired by pra
sive prosperity prevails all owe
Fatherland.
In England this is not the cad
though in Britain also there is greI
tivity in trade and commerce. TMJ
er radical budget is still the child b
of contention and a source of much
certainty. 1t can hardly be denied ,
English industries are suffering anu<
demand for labor is not on the incrta1
~ Y.-The average price OF 20 Sd
at close Wednesday was 1898 dsJ
AT compared with Tuesdays close
year ago the average was 1097S,
Boston-The fiscal year of Dist,
Securities ended June so, last, was n
tionally better than the 1905 M
months, the poorest record of earn
in the cOmpany's corporate history
at best the margin of recovery was
appointing and radically less THAI
most industrial lines.