Daily Kennebec journal., 1910-05-25
Days Financial
News and Gossip.
BOSTON. Nav q.

r..
New Iork-Considering the adverse
circumstances under which St. Paul
has recently been operating. its show
ing for March is creditable. Gross in
creased $72S, 900. the larges, gain of any
month this fiscal year. Net gain was
$1S3,00o. the biggest since last fall
ago-Falure to settle the coal
strike has caused q break in the lll-
nois Operators Association. Some in
divi3ual contracts are likely to be
made and resumption is likely soon.
The dissatisfaction was caused by
Pres Mocrhcad's attitude Morrhead
is also president of the Illinois Central
Coal properties. Illinois Central has
been getting The long haul on Alabama
and Kentucky coal
Hunt. Ellis u co. 1t is the crop news
which will rule prices of securities
more than any otter one factor for
some weeks to come.
New Yorl--During the past thee
weeks the equipment market has been
less ?Ctive than since last summer
With execution of the Hartman lines
order of II ,l40 cars. most of which went
to American Car d Foundry Co, and
the remainder to Cambria Steel Co.
and an order in Chicago for 2o00 freight
cars by Grand Trunk, there has not
been an order of importance placed
since the first of the month. The loco
motive business has been even more
staSnant. an order for 45 locomotives
with Baldwin Locomotive Works by
Atchison. and one for 50 engines with
American Locomotive Co. by Rock Is
land being the only contracts of any
size in the past six weeks.
New York--Persistent reports in Wall
street that directors of Virginia Caro-
lima Chemical will meet in special ses-
sion wit ain the next fortnight to take
common dividend action ind no cor
firnation by those who direct the COM
rany's affairs. The date of the regular
quarterly meeting is June II. while the
company's fiscal year ends May g.
Last year it was necessary to postpone
consideration of common dividends for
Ga month after the June quarterly meet
ing, to receive the full returns for the
year. and It is likely that the same
course will be followed this wear
New Iolk-Directors of Colorado g.
Southern are scheduled to meet again
IN the first part of next month at
which time. if the suggested increase
in dividend is to go through this year.
action will probably he TAX en- to make
the payment semi i-annual one. I'm
official information is. however that no
change will he made in the existing 2
per cent. annual rate and that no
dividend action will be taken again
until the regular meeting for that pur-
pose in December.
Washington-The Morgan -GIggen-
helm Alaska syndicate affair will be
exploited before Senate sub committee
composed of Senators Nelson of Mime
sofa, Bcrah of Idaho and Overman of
North Carolina. United States Attor-
ney Boice and United States Marshall
Sutherland at Janeau, Alaska. who
were removed on demaad of Governor
Clark, assert that the syndicate
brought about their removal Nomina-
ton of their successors was held up
by Senator Borah to hear from Suther-
land and Boise. and both came on from
Alaska to tell their story.
Montreal-Pres Shaughnessy Of Can
adian Pacific denies emphaticalIy that
his road has acquired a controlling in
terest in New York. ontario & West
ern. This denial doubtless will put an
Canadian Pacifcs connection with that
line.
"BEACON"