Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1910-03-11
Days Financial
News and Gossip.

Boston, March 10. 1910.
BostOn-One of the largest and most
successful lumber men in the North
west says: Il am selling my Northern
Pacific and buying Great. Northern.
There will be a contest between North
ern Pacific and ST Paul, and I think
both of them will lose some hair and
possibly an eye, and certainly both OF
them are going to be scratched In the
contest"
New York-A shut-d down for an in
definite period of one of the largest
Gotten mills at Charlotte. N. c., is an
Indication If the view some milling
interests are taking of the textile out
look From the Southwest, however.
dry goods companies operating through
st. Louis report large purchases by
merchants for country trade. Another
indication of how business has affected
cotton mills during 1909 is given in the
passing Of the per cent cumulative
dividend of the Consolidated Cotton
Duck co.
New York-Reorganizatio plans of
Chicago Subway Co. are progressing
slowly. The committee is doing prac-
tically nothing with the tunnel end, but
giving attention to completion of the
telephone branch. The receivers have
applied for authority to issue $3.500,00o
certificates to extend the telephone
plant to a capacity of 10000 phones.
which will ultimately be increased to Il
much larger number.
New York-Southern Railway is
sharing the increased prosperity of the
country it serves, and like Louisville
& Nashville, Atlantic Coast Line, Sea-
board and other roads in the south
eastern part of the country, is showing
Improvement over the big gains year
ago.
Now York-The average price of 90
active stocks at the close Wednesday
was 1859 a decline of .05 compared
with Tuesdays close. year ago the
average was 1853.
. New York-ParrOt Silver & Copper
Co. reports to the Stock Exchange for
six months ended June 30, 1909, a de-
felt Of s42.S6O after all expenses and
charges. Working capital at June 20.
1909. as hown by the balance sheet, is
s933,125.
Chicaca-March brought all new bus
mess that could be expected, and in
dnstrial output is as heavy as ever.
new contracts as it might be. There
is more general belief, however, that
the lull is near an end. Consequential
inquiries from powerful sources sug-
gost early resumption Of activity in
new undertakings.
New York--General Electric is now
operating at close to ST per cent. Of
maximum capacity. Part of it's pres
ent activity is in filing orders for
small apparatus. Large apparatus
is not moving in any appreciate am
cunt
New York-The Iron Age says:
Railroads are making larger demands
upon iron and steel works, and this
is the most significant feature. The
need of new equipment is becoming
more imperative. particularly in thte
West: the chief difficulty is that de-
lveries from car works cannot be had
before midsummer. Estimates of
pending business show 10000 to 25,0oO
cars likely to be bought in the near
future, while an equal number are UNI
der consideration. The number OF
bridges placed recently is noteworthy.
IA such contracts, amounting to 1O.0W
tons. having been closed in the past
10 days, while 5000 tons additional is
under inquiry. Chicago reports in
quiries for 100000 to 100000 tons OF
plates and shapes for car companies.
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. ( p 70 "