Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1909-12-16
Days Financial
News and Gossip.

Dec. Is, 1909.
Boston-The Improvement in the earning
position of Colorado Fuel during the past
IS months is already producing a good
sized crop of dividend rumors The prob
abilities, however, are very much against
any action in the nature of common divi-
dends during 1910. In banking quarters
close to the company it is not expected
that the question of common dividends
will receive any serious consideration be-
fore 1911. and even then is conditioned on
the continuance of the present earning
power.
Boston-When the final figures for 1909
sales of the United States Rubber Co. sYs-
tenn, including the parent company, Rub
Der Goods Manufacturing, Canadian Con-
solidated Rubber, and various other sub
sidiary companies, are made up it is
probable that the total will be found to
exceed somewhat the $15UO,Ooo mark,
which is probably 10 per cent better than
the combined companies have ever done
before.
New York-The average price of 20 ac
tive stocks at the close Tuesday was 12S.-
49, a decline of 80 compared with Mon
days close. A year ago the average was
1873.
Pittsburg-The customary slowing up of
buying activity is noted in iron and steel.
With inventory taking at hand. consum-
ers are not showing special interest in
closing additional business and orders are
running light when contrasted with re-
cent heavy buying.
cerned. the strike of the switchmen has
been settled, the strikers agreeing to re-
turn to work because of the hardshipS of
the strike and consequent shutdown of
the mines would produce for the miners
and other laborers
E. e c. Randolph-Very positive reports
that no increase in the dividend would be
authorized by the Reading directors caus-
ed heavy selling and this brought con-
siderable liquidation throughout the en-
tire list in yesterdays trading.
Philadelphia-The resources of Balti-
more & Ohio are such that there will he
no occasion for any issue of stock or
bonds in the coming year, and conse-
quently there has been no official consid
Grafton of the subject. Obligations for
equipment, which will become due will be
securities. and the company will be able
to take care of the notes issued to pay
for Chicago Terminal stock without max
ing any new issues of any kind.
Columbus, Ohio-Toledo & Ohio Central
has ordered 1900 drop bottom coal cars
from the Ralston Car Co.
New York-O. X. Lyle of S. r, Chaplin
& CFo. estimates this years cotton crop
at 10.900,000 running bales, exclusive of
about 100000 bales linters
Boston--The Boston Curb has placed So
600 shares of the Live Oak Development
Co. on its qualified department. 1t has
also listed on it's unqualified department
10000 shares of the New Baltic Mining
Co.
New York--New York City Interbororgh
Railway has applied to the public service
commission for permission to abandon
about three miles of disconnected rails
in the Bronx. The board of estimate has
approved the move.
New York-It is stated that John Hays
Hammond at one time prominently ident-
flied with the Guggenheim properties will
act as an intermediary in the consolida-
ton of the Utah Copper Co, Nevada Con-
solidated Copper Co. and the Boston Con-
solidated Copper Co.
New York-Sugar has become crop of
much larger interest in the United States
since the extension of beat sugar produc
ton to its present proportions. The beet
and cane yields, together with their fac
tory by-products. for this year will total
not much short of 500 .OO0.OOO in value.