Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1910-06-17

ton Comon to 30, on Friday, undoubted-
ly foreshadows the passing of dlvi.
dends on the issue The road win hard.
ly earn more than per cent. on tho
$19,5i2,S00 common stock outstanding
in the year to June 30 next and its Il,
nancial condition is such that paymeo,
of dividends from sources other than
revenue is out of the question
Bostcn--F. 4. HeinZe told friends : O.
fore leaving for Europe TUESDAY T. q,
he expected to do some financing far
the Ohio Cooper co. before he returno
to this country TO this end he will 20
both to London and Amsterdam. tho
latter city holding a considerable
I amount of United Copper stock.
Boston--The shares Of the Old Dom.
inion co. sold down 10 20 - yceter-
day, a decline of three points fran,
previous closing. The decline of three
points was directly traceable 10 the re-
ductiOn in the dividend of the holdine
or Maine Co. from 81 10 a 81 Der an.
mum basis.
Boston-Proposed 10 per cent adj
vances in joint rates on lumber which
were suspended Tuesday by Bangor g.
AroostoOk, Boston Il Maine and other
Eastern railroads until at least Aug. /
are understood to have resulted from
| ill-adyised action precipitated by the
| Bangor &: ArooStOok road. The actual
increases in tariffs did not themsel, PC
| create considerable grievances, but the
! shippers assert that the changes would
| have thrown badly out of adjustment
| their Western New England lumber
! markets The proposed rates did not
| effect any real advances to such points
as Springfield and Greenfield, whittier
| large quantities Of lumber are sent hv
| leading spruce companies. Take for
! instance the rate from Van Buren,
situated scme $50 miles from Boston
| on the Rangor q ArooStook, and where
the st. John lumber Cos. mill is locat-
ed TIE rate from that point to Green
| field would under the new schedules
! have been the same, S45 per car load
| as the rate to Boston, whereas for
great many years il has been Sl075
additional 20 the s4025 charged from
| Northeastern Maine points To Boston
! WimiTeP -ShCWers are general all
| over prairie provinces. Weekly crop
| report of Canadian Pacific Railway de-
clares conditions for larger yield of
| Saskatchewan and Alberta. Acreage
| increase is estimated at &c per cent.
| Cleveland-The Iron Trade Review
saws The market has not been char
acterized hv any very positive devel-
opment. There is considerable softness
| in pig IRON. and concessions are being
more freely made on some finished
product The attitude of the railroads
| in regard to buying is still somewhat
| uncertain, but q fair number of orders
for structural material and cars nave
! been placed within few days.
4 Mnneapolis-LouisW w. Hill says that
| Wall Street has no faith in anything,
| that lie has not given an order on 'ift't
| Northern for the laying of OF any men
ard that the road has only recently
| bought rail-; for $50 miles of road IN
| Oregon.
! .This is the time of the wear" Mr.
| Hill SAYS when the railroads let men
| GO They try to get ready Tor the
| crop. Harvesting begins in June on
port of our lines and continues to Sep
TENDER. and we let men go for the
harvest fields"
! He was asked if it We're not true 9th
or roads are letting out men. the
| Northern Pacific for instance That
is different he said. Wall Street
tries to save every dollar. and the
| Northern Pacific is New York insii-
| turior. The Great Northern is st
/ Paul institution. and il is different
"Then YOU have all the men YOU
need" he was asked.
"Oh, no." he replied. 1--WE could us"
more. Wall street is laying off men,
| not the Great Northern road.
| New York-The average price OF "
| active stocks at the close "Wednesday
was 1T 80. a decline Of II compared
with Tuesdays close. A year ago the
average was 1261S. .'-
f.e"BEACON."