Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1910-05-26
Days Financial
News and GOSSIP.
Boston. NAY 9

ppS'pii' May 20, 1910
The most favorable feature in tbe
situation is the perfect climatic condi-
tons for the growing crops. Sentiment
will improve vastly. if these copdi.
tionS long continue. At the moment II
is a waiting game. Nowhere ir there
any marked disposition to do business
other than the usual transactions
which are necessary in country or
90, 10000 people.
New York-Of 1892 miles of the pro-
iected Grand Trunk Pacific system
there is in operation 1917 miles of main
line and SIS of branch line. There Is
under construction, and contracted for
completion This year. 10 miles Of main
line and 4ie Of branch line.
Chicago--.Pres. Hamill Of Corn Elk.
charge National Bank, says: Deposits
show little tendency to accumulate
late Loaning demand is gooG. as it
has been the past six months, but pos
sibly a trihe less than few weeks
ago. The money market 81 inclined to
be a shade easier, but rates are un-
changed General business is fair and
crop conditions are good. | have been
predicting a rather Spotty business
throughout the year. There are several
causes, no one of which calls for en-
phasis. lust now there seems to be
hesitating tendency in many places. but
the situation is likely to- clear up sud
denly. We pay too much attention 10
what somebody says or does for a
while. and then we forget it,"
New Yorl-The coal strike in thr
middle West has hit Alton harder than
any other carrier in the territory. Up
to the first of April, Alton had earned
in nine months $1O.314 1924 against 49,
654,52i a year ago, an increase of $1l9,-
500. But April gross totaled only s912.,
600. decrease of So 900 from April
1909 This will bring gross increase Of
10 months down to s6S5,0o0
For April. Lehigh Valley" fairly dis
tinguishes itself among trunk lines by
reporting an increase Of 16 per cent IN
gross. compared with recent gains Of 3
per cent in March. IA per cent. in Feb
ruary and 6 per cent. in January.
Boston-Sugar consumption of the
United states since January has been
showing a much larger ratio of increase
than for the same five months last
year. The increase has been nearly
per cent. against less than 2 per cent.
year ago. An interesting fact is that
sugar consumption of the United States
has for the last 10 or IL years averaged
to increase between Az per cent. and
per cent. per annum and remarkable
feature is that there has been no year
in which consumption shas failed TO
show Il gain. Last years increase was
one of the smallest on record. so that
a good gain this year is only natural
1t would require Superlatives ade-
uuately to express the complet- leth-
argy which exists in the bond market
In a broad way the general statement
is true that the higher the grade OF the
bond the less is the demand for 1t ana
the more jnsstent is its tendency 10
seek lower price level At least ti'ree
leading Boston bond firms state thdi
never in their experience have they eA'
perienced such deadly dizziness ohe
large house has been doing but apou.
20 per cent. of normal business paSe"
on the average Of the last few years
New York-The average price oil :"
activ" stocks at the close OF 1ueSua,
was 1879. an advanc" OF 30 coinp"'s
with Mondays close A wear ago t"'
average was 124.93.
Chicago-The quality ana weight ~
current hogs is the highest in " year 9.
The number of reflections Is tle 'o"e''
since the institution of government w
Spection. .
Observation-Disclosures in Canadian fac',o
to hight of $19S last week mas ieu ~
ruInor Of mystery. to be solved e'''''
by rights" or melon WIN ~
gard to melon" it is runoreo u,a,
Canadian Pacific is to form ~,
company to take over the l3.ooo'p'' -
acres owned by the road, ana u's''r
ute the land company Stoch ,,,n'
Canadian Pacific stockholders. W."
regard to this possibility. Pres'oe",
Shaughnessey says: ANY scheine
this kind is too much like mgr, ''i'an
for Canadian Pacific There IS 49,
Iutely nothing in the story. our po'es
will he to continue along the
lines we have been following,