Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1910-05-07

oS6io6oeeu l1,1Io,i5o pOuIluS, com
pared with 12,277,142 pounds in March,
decrease of 1,161,359 pounds.
Eoston-The output of the Boston
Consolidated Gas Co. for April showed
decrease of log per cent. compared
with year ago The March output al
so showed decrease of 1.55 per cent
lhe smaller output during the past two
months is attributed to the unusually
warm weather and the fact that there
was an exceptionally large increase for
both these months year ago. AS the
result of greater economics in gas man.
ufacture. however. the net earnings for
March and April showed a substantial
increase over a year ago
Boston--t'nited States Rubher's equity
in the undivided earnings of the Rubber
Goods Manufacturing Co. for the fiscal
year of that subsidiary ended Dec 81
last was very close to $780, 900, equal
to more than per cent on the $685.
100000 common stock of the parent COM
pany.
MlnneapoliS-The first four months
business IN Minneapolis shows bank
clearlngs S360.0t5.243, a high record,
compared with s277.4ff,326 last year, an
increase of SS2.60O.916. Average of $780,
100000 for the first four months, main
tanned would give $1,OS,OO0, 900 for 1910.
but as the big figures always come in
October. November and December. the
indication is for $3.50. 900, 600 which
would exceed any past year by $4,000
900.
ChlcaSo-POrtiOnS of the Southwest
are badly in need of rain. put otherwise
the erpnpc1l &c
ever. except in orchards and gardens
where the big freeze did all the harm it
could. Individual losses are heavy, but
total loss is a small fraction of the first
estimate What is one sections loss is
another's gain. Some railroad will have
less than their usual fruit traffic, where
as others will have more. Consumers
will simply pay for a longer average
haul.
New York-The Burlington gross in
creased to April $7,156,000 over CORES
ponding first three quarters of last
year. 1t is something of shock to
learn that net at the end of the nine
months was still 100000 behind last
year. At the end of last December and
six months the company was 100000
behind 1869 so that the difference still
remaining may be wiped out in the last
three months.
About 100000 bales of cotton We're
brought to the New York market from
the South for the May settlement. Di-
rect cost of this was not less than ST.
100000 to the bear side of the market.
whose borrowings were made largely
through New York banks for cash
payments to Southern sellers. That
amount OF money or credit has gone
South and will probably not reach the
New York banks inside Of less than 10
days, or about the middle of May. This
brings some light on the state of the
money market. Some parties estimate
that amount of funds called for by
the entire quantity of cotton brought
here from all sources which required
an equivalent outflow in payment on
May cotton account will aggregate
several millions more than the above
figure.
The average price of 20 active stocks
at the close Thursday was 1202S, an
advance of 10 compared with
Wednesdays close. a year ago the av-
crage was 1916.
Boston-Twin City Rapid Transit
earnings for the past three months
have been showing average monthly
gains of nearly II per cent. and over
60 per cent. of the increase i'm gross
las been saved fer net earnings for
dividends. AS a result the company
earned in it's first quarter a balance
for dividends of $4,000. which is an
increase of 81 per cent. over the same
period of the year 1909.
Twin City Rapid Transit should earn
in 1910 between per cent. and 10 per
cent on its $40. 100000 common, COM
pared with approximately per cent.
for the 1909 year.
BEACON.