Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1910-06-01
Days Financial
News and Gossip.

Boston. MAY 81. 1910
BoSton-1'he recent strength in Nip
isSine, which sold up To - this week,
n" highest price in months. is a re-
lection of the improved situation Of
me company from the standpoint Of
earnings which it is believed may re-
suit in an extra dividend ON the stock
in the near future
New Nork-OppoSition in the West to
threatened advance in sugar and col-
foe rates from the Atlantic seaboard
appears premature. IS the nov tariffs
already filed with the commerce com
mission. are in line with the rccen,
action by those western roads which
Withdrew concurrence in through rates
from the seaboard to Western Associa.
ton territory. The new Schedules 10y
Eastern Trunk lines were necessitated
by Withdrawal of the Western concur
renee, and involJl only re establish.
ment of the on-concurrent rates.
New Sork-At this time the unknown
factor in the wheat outlook is spring
wheat acreage. Last year if was 49,
1913, 400 acres. 1t is estimated that
along st Paul Western division 5o0i
00G acres more have been opened this
ye1r, If we allow 5oG, 400 acres for ex-
tensions elsewhere. we should have
spring-Wheat aitR tof 20,39S. 0oo for 1919
That 2dded to 2a.04i44i acres. the re-
mdiring portion of winter wheat area
would give wheat acreage for the COun-
try of ~, 437 .O0G ares The highest pre-
ViCuS acreage. that OF 1905, when A..
Sai 900 acres were harvested represent
ed Weld of So. Oo0. ooG bushels
Kansas City--Effect of recent rains
n the wheat and corn belt cannot fail
TO be helpful. and farming sections re-
port q favorable outlook for all spring
grains. Corn acreage will be the larg-
est ever known in. Kansas and Ne
braslla, and much will depend on
weather during the latter half of June
and the whole of July. At present III
terror merchants are going u little
slowly until certain Of the outcome Of
the crop. The poor wheat condition 10
many sections history of Kansas, Ne
rraSk1 and Oklahoma. mean that there
may be leSSenng of purchasing
power.
New YORK Vice President Shaw OF
International Agricultural Corporation
SAYS: I'm the commercial fertllzd
business in the South the shipping sea
son is short. lasting from end of Jan
uary to the middle of April. during
which factories work night and day
to turn out their years production
The season just closed has been one
of the most profitable from the MANI
facturcr's standpoint. due principaIV
To demand much greater than ever b.
fore, realized by manufacturers cary
in the season and including that thef
stock would be cleaned up and tha'
they would be compelled to carry "Ve'
little or no merch andiSe."
New TOrk--W With nearly five weeks
"f the current year remaining LOUIS
vile & Nashville had earnings to May
q of u million dollars in excess OF u,'
total Cor the entire II months OF l'"e-'
and that was very good wear VIII"
this road. TO May n Louisville IL NdS"-
Vile had gross of f46,57l,374, in corr
spending part of last year. $io' ''S''o
IT appears that ty the cnd VI heM
month total gross will he in the heisn'
borhood of $51 ,S50.0oo, against the sf''
124. 400 earned last year
\Yinnipec-Dfficial announcement "o'
been r1ade that the Canadian North'."
Railway co. has obtained $50.OOoeoo ~
British money market for development
purposes ,u,n
New York--Therc was withdrd"
from the sub treasury on Satuiu''
$500. 900 gold for shipment to Canao''
"REACON.