Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1910-06-30
Days Financial
News and Gossip.

- a.
Earnings of Brooklyn Rapid Tranrt
for June have gond relatively bett6
than in the case of the Massachusetts
trolley companies. ii is of course very
seldom that June affords such distinct.
ly unfavorable trolley weather as has
June OF this year. Massachusetts troll.
leys have as result shown q compare
tive decrease in gross income for the
first three weeks of the month, which
recent good weather is not likely en-.
tirely to overcome. =
Minneapolis-H. L. Moore, treasurer
of Minneapolis Loan & Trust Co.. says.
1T should be re, rendered that In
that was very ser;SSEs and no bad re-
suits followed in d business way ts-s
cause in that year earlier damage ~
Inmates were much worse than wess
finally shown. l am hopeful this year
that The situation, though a bad one,
has many extensive acres of crops and
that no general crop failure is to be
Expected. Though the Northwest, gen
orally speaking. is in more extended
position than in 1900, it's resources are
also greater 'sN ga
New York-New orders Of steel COM
crease compared with May. Orden
have been kept down by reports :d
,rcr damage. Steel companies are re-
ceiving orders at rate of about IS per
cent: of capacity and operations con-
tinue on about an 80 per cent. basis.
Sales of pig iron since Monday are
estimated at $4,000 tons.
Boston-Caiumet & Hecla yesterday
81 I oil at
pound The volume was not large. but
it Is not taking business at any lower
price. 1t recently booked some business
at price equivalent to 12A cents, f. o.
b. New York-not lower than this 50
that its present selling quotation is
equivalent to an advance of Y cent
from the tow point.
Boston-The United States Smelling,
Refining 6 Mining Co. notwithstand-
ing the low price Of copper. will show
larger profits for the first six months
Of the. current calendar year than
were shown for the same HAN yea$ In
1909, and this is notwithaf andingi
charges to depreciation exceeding the
very liberal charges a year ago.
New York-The course Of the steel
OVER the last half of the year
will be governed largely by crop con- J
The freight rate injunction re-
Suited in holding up. considerable rail-
road steel business, but there were few
Recent unfavorable crop
news has brought about second halt
in railroad buying, as few orders from
this source have been placed within
the last two weeks. "a
Boston-Unless all Sgns fail, the riv1
airy between Grand funk and New
Haven for the right to construct line
from Palmer to the state~iine will be
keenly expressed in arguments >betcse
the Massachusetts railroad coniinis-
Hearing on the petition OF the
roads is to be resumed today at "
o'clock. and the issue to be decided ls
as to which road shall build the line
Philadelphia.-Readi reports rail-
way company May gross of $4.O25,72s
an increase Of S790.01S.
New York-Canadian Pacific reports
May gross of $8,37S. ia, an increase 81
81 1914 and net of $2.556.264. an in
crease of S629.404.
New York--The average price Of +
20 active stocks at the close TUESDAY
was 115.17. a define Of .12 compared
with Mondays close. A year ago the
average was 12715.
Boston-The Draper. Co. has de-
clared a quarterly dividend of S. per
share. as against IS in April and s. m