Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1910-05-18

the Steel Corporation has invarIapiy
been the big Garner Of the entire II
months. At the moment orders are
coming into the Steel Corporation at
the rate Of slightly less than $4,000
tons a day, which is about IS per cent.
of capacity. This compares with an
average of $4,000 to $4,000 tons per day
for the first two or three months Oh
the year. and a high record of 56.ooo
tons daily during the past year. mol
withstanding this drop in volume OF
new business, the officials of the steel
Corporation continue optimistic and re-
fuse to regard the falling off in orders
of the past few weeks as anything
more than temporary. The big COM
pany has practically no accumulation
of finished goods on hand and specl1ca-
lions are being promptly drawn upon.
The position of the management Is
that with 100000 tons of untitled Or
ders or six months business on hand
at the present rate of production there
is time enough for an almost complete
reversal in general trade conditions be-
fore the big corporation is compelled to
hang out a signal of distress.
Hunt Ellis &, Goa substantial set
back in prices of commodities entering
into the cost OF living would go far
towards correcting the present situa-
ton.
New York-April gross earnings,
considered either in the individual
weeks, or as a total, do not show the
increase over March returns expected.
Aggregate for the fourth week of the
month was $12,436,557, against $14,-
562,292 in the same week of March,
and $10,570,947 in April. fourth week.
1909. There is here shown an increase
over the latter amount of 1877 per cent.
The months total is $40,236,679. as
compared with $42,797.977 in the month
preceding, and $34,74O,657 in April
1909. There is balance in favor of
this years showing in the last COM
parison of 1873 per cent.
New York-The average price of 20
active stocks 1T the close Monday was
121.S2, an average of .16 compared with
Saturdays close. A year ago the aver
age was 1851.
Cobalt, Ohio-Last week eight Cobalt
mines shipped a total of 563 tons of
ore. La Rose made the largest ship
ment of high grade ore, amounting to
AZ tons. The mine formerly owned by
the Ontario government, now known as
Provincial, near the Savage, sent out
a car of good ore. TNe City of Cobalt
also continues a shipper of high grade
ore. 4.
New York-John j. Watson, Jr., has
resigned as treasurer, director and
members of executive committee of
United States Rubber Co., and has sew
cred his official connection with all of
its subsidiary companies.
s. BoSton-The 100000 Waterbury.
Conn, per cent. school bonds which
were to have been awarded at p. M,
May 16, have been Withdrawn from
sale.
Roughton, Mich.-Isle Royale has ex-
posed in surface trench what appar-
entity is the northerly extension Of the
Baltic-lode. The discovery is a strong
anygdaloidal bed upwards of q feet
wide, lying parallel with and about ESQ
feet to the east Of the lode in which
shaft "a is sunk. 1t carries consider
able copper in large and small pieces
New York-At request of number
Of preferred stockholders of Buffalo &
Susquehanna, protective committee
has been formed, consisting of J. N.
Wallace, chairman: Frank Bergen,
Walter p. Bliss, Henry Evans, and
Joseph S. Frelinghuysen. The Central
Trust Co. has been named as deposit
tory.
Chicago-The keynote of the ship
pcrs' convention will be that no in
crease in freight rates should be made
until the Interstate Commerce Com
mission passes on the reasonableness
of the advance.
Chicago-Pres. Ripley returned from
an inspection trip to Pacific coast, says
80 per cent. of winter wheat in the
Atcllson territory has been lost, but
That acreage has been replanted to
corn. which will mean as much to
Atchison. though the benefits will come
later in the year. The general BUSH
ness outlook is good.
BEACON"