Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1910-06-29
Days Financial
News and Gossjo
Boston. June Q;

Orders of the McCrum- Howell r.
have for several months been runrtn,
over 60 per cent above the CORRESPOND
ing period last year. The plants of tho
company are operating at full capacitv
with their production sold four month,
ahead.
New York -Coru Products Refinin,
Co. is doing Il larger business than At
any time in years. but at expense Of
prices. Various plants from Jan. 1 IA
date have consumed 100000 busheh
of corn, comparing with II 900 900 in
corresponding period last year Produc
ton of all plants is about 1O2 900 bush.
els day. Earnings are running in ex.
cess of dividend requirements
New York-While the gross of Hud.
son e. Manhattan Railroad Co in.
creased .053 per cent. for May over
previous month expenses gave a slight
decrease, giving the company an in.
crease in railroad net of Ia per cent
of the month.
New York-On the eve of his de.
parture for Labrador. James ]. Hill
spoke again of threatened troubla|
through shortage of railroad facilitieS|
MI. Hill says: 1.-The ordinary mani
even in the railroad business. has al
poor idea of the magnitude of the ter.
minal problem. The government itself
could not raise enough money to give
this country the additional railroad
mileage. yards and equipment that i'll
ought to have. Decentralization would
furnish some relief, but if you have
merchandise in New York that you
want to put on sale in Chicago. YOU
cannot well send it to any other ter
minal, The roads must be able to raise
enormous sums. and their credit should
not be impair ed
Boston-Figures compiled at the
Boston News Bureau that in July al
total of s37 S32.23 is payable in Bos.
ton in dividends and interest by cop
per companies. railroads. fractions. gas
and electric light companies, the state
government. etc These figures are the
largest for month of July since the
banner year of 1907 when the total
vas 3o.o25. 400. and compare with So
ISL 500 this month. and $26. 264 500 in
July wear ago.
New ork-For the current fiscal
year ending June 30 next Interborough|
Rapid Transit 60. should show earn-I
ings equivalent to IS per cent. on itsI
$4,000. 900 capital stock. compared With
Is per cent for 1909
WaShington-IntnrS Commerce
Commission has fixed July II as date
of beginning of hearing of compliant
hroight by Jersey commuters against
the railroads which propose to increase
Communication rates on Saturday.
New York-EXports of wheat from
leading markets since Aug. / have al
ready passed the limit of the full
years exports during the previous
commercial year of 1902. There are
seven weeks left within which to in
crease supplies of importing coun.
tries. Among these. Russia still leads
with something like 100000 bushels a
week. and the United States with IL
100000 bushels. Total exports for the
season to June "a are asa ,OOO, 900 bush |
els, or IL per cent. greater than last
year tor corresponding period. when
435.502.000 bushels were exported, |
against 421,14S.000 bushels in 1867.
For 81 weeks of the year ending June
80. receipts of wheat at eight primary
markets have totaled 252.047 900 bush |
els. against 226. T27 900 bushels last
year. Spring wheat arrivals We're 49,
233.000 bushels. compared with 1904 |
600 bushels a year ago. Minneapolis
prices. where the larger half of the
spring wheat receipts are taken. are
about Is cents below last years prices
Then July wheat sold at 1871 againS
1903 this year. September wheat IS
about nine cents below last years val
ueS.
American Bridge Co. subsidiary
of United States Steel. is taking the
bulk of the structural steel business.
This constituent is making aggressive
campaign for business and has been
undertaking competitors. Structural
steel orders in the current month viii
run close to 175,000 ,tons.
st. Paul-Portions of the spring
wheat states are experiencing anoth-
er hot wave. There is much good
wheat in South Dakota and Minnesota
but q good portion of North Dakota IS
badly burned. J. F. Cargill express.
dent Of the Minneapolis Chamber Of
Commerce. reports in western Canads
conditions extremely bad Rollin b.
Smith of the Commercial West. now ID
North Dakota. wires that wheat along
the 500 is practically ruined.
Bismarck. N. DIV. c. Gilbreatn'
commissioner of agriculture. says
Except in a few Southern and West.
ern counties. an almost universe
drought has prevailed during the pas'
week. and the urgent need of all Sec
tons is for an abundant rainfall in the
future. Wheat in MANI
places is already beyond redemption
ana is being plowed under for barley
and forage crops in others. while
per cent. damage is admitted else.
where
Abilene. kan.-Generous rains ~
central and western Kansas greatE
helped all crops. Extreme Northwes.
wheat has been hurt by heat and his"
winds. One firm had eight orders io'
machines cancelled Satut-
day. Corn is especially helped in cen.
trail Kansas. Wheat harvest began y,
earnest Monday. with reports of shot.
heads and probable disappoinths
yield in fields.
Minneapolis-Pres Prince of INV
First National Bank, says: Banks !"
the Northwest are operating some
what conservatively pending the ou.
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