Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1910-06-06
Days Financial
News and GOssip.

Boston June 4, 1910
Boston-In general cuisines scjross
Curtailmrnt is still the order of the
day. Sentiment in New England 10
anything hut cheerful. Even the com.
marcial West is becoming more Cor.
SnrvatiV1. Manufacturers in that sec.
ton are sailing a little closer to the
shore. Western banks are Scrutinizine
credits so carefully that those who ara
less conservative find it difficult to tx.
rand. The West IS finally feeling the
effects If lend speculation ard the too
rapid development OF utility enter.
p,IseS All these have tied ap an im-
mems. amount of LIQUID capital.
The most encouraging feature in The
general business; situation is the pros.
rect for good crops. There il also be.
lief that our foreign commerce will
shortly SNOW Il good balance in nur ia.
VOr even if tho volume IS smaller This
iVc is based on expectation that our
IMPORTS viii decrease by reason great
-r domcsti" economy. Will" Tn" more
nttractiv, prices for grain and cotton
WI largely increase tn" exports Of
ti.o.e commodities.
Unusual interest is taken in the rail.
ronG situation. Unless the railroads
ave prosperous trey viii be Obliged to
retrrnch. and il makes ali the difference
imaginable TO tho business of tine couE-
try as to whether th"N Curtail or ~
pand their expenditures
Ne" Y srli-Most railroads operating
in Western territory continue 10 90
i'm. in
cnucs com AIRED with last years show
ing one of the lHr"r Western systems
which seems not to have experienced
any SET back in business is Missouri
P:citic This road has consistently in
each month OF the present fiscal wear
SHOWN gross increases ranging from
$3.50 900 to $7SN0od with single "Ncep'
ton of december, when an increase
of only Sl22, 900 was reported For nine
months ended harrh n last The increase
was 81 ,S55. 900 or 1871 per cent, com
pared with corresponding nine months
Of 1909 '''
Bogton--Tac refined sugar markel
this week has been pretty wcll demon.
allied by Il price cutting contest N
which the aggressive leader has been
Federal Sugar followed by American
Suga: as Wei as the balance of the IN
depend entS t'ricus were out at the
extreme 20 cents per hundred, or from
81 - 10 500 fiat. II is understood that
the cat was OCCasioncd by the neces-
Sity Of Federal Sugar, which fGGnd H.
self obliged To convert some OF It's
relatively big stock of manufactured
sugars Into cash in n dun market
Nvashingt 2n-AItorney General Wick
commuters request for injunction
agtir 81 Increased passenger rates.
New YorK-The average price of "
active stocks at the close F'riday was
1854. 2 decline of 2.37 compared with
Thursdays close. \ year ago the ay-
erage was 12S.2l.
New York--In common with other
express companies. WellsFargo Co.
found the expense of conducting op-
erations during February abnormally
heavy. and although operatinS rev.
cnues Were ahead of corresponding
month cf 1909. the net result was con-
siderable decrease. Nearly all express
CO mpanies report substantial ad'
NanceS IN operating expenses iuihis
January and February this year, due
in chief 10 higher prices of commodities
and necessity of enhancing salaries ana
wages. These months are always
times of comparatively small returns
in express business but conditions this
year were exceptionally unfaVo!able
New Nork--TeXas. fer the first time
has passed tho 10000, 000-acrc limit OF
cotton planting. The governments
June report gives that state 1854 oe
acres. or neatly one third Of entire cot
ten area Last year Texas had 9.334 ,00f
acres. ard in 1908 an area of 93lG. 0@
acres. This years planting adds more
Iran 900 010 acres TO the main crop
Of thai state.
"BEACON."