Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1910-01-07
DAYS Financial
News and Gossip.
Boston, Jan. 6.

n. Indications for November
point to a better showing in railroad
gross and net than in any month Of
the past year. Returns of Is represen-
tative roads for the month show an
increase of 1853 per cent in gross and
22.43 per cent. in net When all re-
turns are available, these percentages
may be scaled down somewhat, but not
sufficiently to destroy Novembers lead
over other months of the year.
Observation-Disclosures for erecting the
sheet and tin plate plant for Ameri-
can Sheet & Tin Plate Co at Gary
have been awarded to the American
Bridge Co. and will cover 100 sheet and
100 tin plate mills.
Wash.-Coinase in 1909 was: SSS,776-
907; silver $S,0S7,S52: minor $1,756,S&
For Philippines 10,605,S11 pieces were
coined and for San Salvador 693,l7O
pieces.
N. Y.-Although forl II demand for
increased wages was made by the va
rious brother hoods on all railroads
east of Chicago and north of the Ohio
river last Monday, no detailed infor-
nation is forthcoming from either
brotherhood or railroad officials.
Boston-Gross sales of Western Elec-
tric for the fiscal year which ended
Nov. 80 last aggregated for the 1905
year. an increase of SO per cent. The
November sales fell off somewhat from
the record showing of october, when
orders hooked aggregated nearly 81
100000. November sales We're some
what less than $4,000,000.
n. Y.--The average price of 20 ac-
tive stocks at the close "Wednesday
was 1852. Il decline of 1.37 compared
with, Tuesdays close. A year ago the
average was 1885.
Boston-The announcement that the
Amoskeag Manufacturing Co. and the
American Printing Co, each the
largest concern of its kind in the coun-
try. will in future handle their pro-
ducts direct, instead of through CON-
mission houses, is a forward step IN
a tendency which has been growing
among New England mills, to sell
their product through their own sales
men.
Although Brooklyn Rapid Transit
earnings fell off somewhat during the
last two weeks of December because
of severe winter weather gross lot
the month showed a gain of about
100000 a daily average of $780, For
the first half of the month gross III
creased at the rate of about $4,000 per
day.
N. Y.-The privilege of subscribing
at So to 1850 shares of CRANKY Is e@
tended to stockholders of record jan
90 to amount to 10 per cent. of hoiu'
ings. Time for subscribing explreS
Feb. II. Payment may be made IL
two installrnents of so per cent. eacn,
the first on making subscription, anu
TIE second March 81.
For fractional shares, fully PAID re-
ceipts will be issued on payment !"
full, or on payment of the last instan'
ment They will not carry any oNi-
dend, but will be convertible ni'.
stocks when fractions are preseh'e'
aggregating whole shares. The isSu'
has been underwritten without CON-
pensation. .t
Memphis, Tenn.-The monthly repo,.
of the National Ginners' Associa'io.
shows that up to jan there HAD pe ..a
1921, 900 bales of cotton ginned I'm.
season, nearly 100000 bales less t1 NO.
ginned last year at the same time -. -.
association estimates that there a
still $4,000 bales to be ginned TINS ''
son. 60.
Boston-The railroad commission no.
approved petition of Boston q Mad Mad
for authority to sell $500 unsubsc1r'O''
common shares at auction.