Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1910-04-13
Day. Financial
News and Gossip

Boston, April -, 1919
BoS;on--for the four months 10 April
] gross sales of Western Electric ran
at the rate of $6t 600. 900 per annlm
compared With $4,000, 900 for the same
period of the previous fiscal year Tb,
is an improvement of something bet
ter than So per cent. March sales az
gregated about s5,500,0OO and the i'm.
provcment in demand was evenly dis.
tributed throughout the various depart.
mentS.
New York-No fears need be felt sci
for wheat in the Southwest. OKLAHOMA
now ranks with Pennsylvania in acre.
age. and Texas. although having a sinai
crop last year. has probably no less Than
100000 acres. What may be lost BY
bad conditions in Missouri. Kansas and
Nebraska will. to considerable extent
recovered by enlarged production in 9th
er states within this territory, where
conditions are much better. Yield
what is considered the Southwest mas
easily amount to 700, 100000 bushels
The three states whose April crop rspof
disclosed a condition If below 70 per
cent. of normal have for the past seven
years been fairly regular contributors OIL
nearly 10000 600 bushels a year. la''
year Missouri, Kansas ard Nebraska ha
1Gi.0e0.G00 bushels. next to the best ~
recent years.
Hunt. ellis & Cu.-On the whole I've
liquidation which has reduced prices
their present level seems to have pre'p
fully discounted whatever adverse lea
lures are visible on the horizon Al wv
moment, and in the absence of anytp'hs
more unscttling. the present IevcI "o''
seem to ho a san" and safe DasiS W
which TO base operations.
New Nor!s-ContrastinG SHARPLY WIN
January, when operating income Oh w.
caiso IL Northwestern decreased ssia'if
or Is per cent February exhibits an ~
crease of $l71.2S7, or 1919 per cent ~
remarkable advance in net is due ~ ="
cipally, to- more favorable weather ca'9
ing big iet-down i'm expenses WIN"
were s3.01329i less for February ua.
for the previous month. As grosS ~
February was s342.702. or Ga per ce"'
81 eater than January. the formers sfV'
ing appears the more noteworthy
Sharon, Pa. Some independent p"9.
furnace operators complain OF the ~"
situation. and a number of stacks n.l
be blown out Prices of ore are "e
and some furnaces have covered ipen
quirements. The Steel Corporation 'v".
a. Laughlin and Republic Iron u ~
Go. which fortified themselves J" "a
material. are in a position 10 co"''
operating stacks. IL
Boston-Dclay in financing the ~ !,
iona Commercial Co. has been o'' !,
expectations that the 9TH lever "V 49,
end the lcached ore zone ana CIV ne
company full and rich tonnage '0'
new smelter. The directors nave =.
determined to wait no longer. p'i' " rc
mediately put the house in ordef' ,,ds
this end arrangements are being IN.
to underwrite. for ) per CENT Al
mission, $1,000. 900 s per cent boh''
IS. convertible into stock at ~
New YorlS-Over the last week Nv ~
was slight falling off in volume VI n
business received. However. oroei'
the Steel Corporation were close 10 .,oe
duction Specifications against eS'e' ~
contracts continued heavy. Mills arr IN, -
Grating practically full, and mah' iii
turers seem confident that activity .,,s
be maintained for the next few HIVE
at least. =. a..
New York-The average price on :" I'd
tive stocks at the close MONDAY rs,
1929, an advance of 2.01 compare' &C..
Saturdays close. A year ago the
erage was 1917.