Daily Kennebec journal., 1910-06-10
Days Financial
News and Gossip.

A'H"lHii. y hIlH =, j4lu.
Now lotk-Drdcrs Tor II. .uea. .n,.a roa,
o' lumber to be u&~l 81 construction
ana rebuli ing additional snow sheds
on the Great Northern Railway in the
,a"cace Mountain regions. have been
paced WjtE mills at Everett. Washing
lofl ana other points along the line
Iot3l value of the orders is apn,oy
Imatcly $250.ooO ....~..,l.
Eo%toH--pn May 81 Virginia caro-
ma Chemical closed the most success-
lui year IN its history from the stand
folnt both of gross and of net profits
Dennltc result of net earnings will
"i course, not be available until ia,yen-
tore" are completed some weeks hence.
bEt Vollm" of total sales is known 10
nave h"en nearly - per cent. larger
Iliah Tor last year, up to that time the
best II months in the compauv's his
tory. IN fact. it would not be Slrrpris-
ing if the revised figures show a total
cItturn of fully 1.250, ,O1o tons of vari-
Gus grades of fertilizers Is per cent.
gain in the 1910 fiscal year compares
with IN per cent. increase in 1an9. and
Itself rears ample testimony to the
genuine prosperity which the,company
has enjoyed 81 E.,
Roston-An agreement a nnounced
This week under which the Interna-
tonal Harvester Co will handle the
output of the Oliver Plow cos. plant
now being bujlt at Hamilton. ont.
seems to indicate new division of the
tllla2e implement makers INTO two
groups headed respectively by the Har-
Vester Trust and Deere Co. The lat
ter corporation. whose annual sales of
t'laC" implements are now reputed to
exceed $50 0n0, ,00D, has for years been
preparing for d trade warfare with the
International Harvester 20. if it ShnnId
be forced into such confcr.
Dclver-Through A decision handed
down in the yampa anthracite lands
case by Federal Judge Lewis. it is
thought the government may recover
land worth $50, 1000 900. The judge held
that although the lands, which thu
government is now seeking to recover
through equity suits. were once in
volved in criminal cases. in which the
defendants were discharged. the re-
suits Of these trials do not enter into
the present proceedings. r. is said
that the government will file addi-
tionaI suits against large number Of
Colorado corporations for the recovery
of large tracts of coal lands.
New York-Neariy every great
staple is more or less unsettled in
market value, owing to liquidation of
speculative deals which terminated
with May, and also to influence Of
crops on the supply of the near future.
Wheat has been affected most. The
sniff from the speculative to the COM
ncrcial basis may be measured by
the price at the beginning
of May, for July wheat with that on
June 8. after the May settlement
There was loss of SH cents a bushe
to 94%.
Pittsburg There was promise of
good buying in foundry iron at close Of
the week. Cambria Steel Co. which
was inquiring for beSsemer, withdrew
its inquiry. That of American Steel
Foundries Co. for 5000 tons of basic
over third quarter is still pending. the
buyer wanting less than Il SIS price
Allegheny Steel Co. closed for up
wards of 1000 tons of basic during the
past two weeks at about SIS valleys.
Chicago-Patrick Cudahy SAYS:
"The laboring men of the country are
well employed at good wages and the
money is well loaned out at good rates
There should be an excellent fall trade
at good prices. The business situation
is all right.
New York--Orders for 12,O0O.OOo
feet of lumber to be used in construc-
ton and rebuilding additional snow
sheds on the Great Northern Railway
in the Cascade Mountain regions, have
been placed with mills at Everett
Washingt md. ..ct tlseasnpointsi apng
the line. Total value of the orders Is
approximately $250.000.