Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-05-14

meeting here on Thursday, presum-
ably to discuss the dividend situa-
ton. Wall Street hears reports that
application probably will be made
to the !. c. c. for approval of an in
crease in capital stock in order to
permit the road to declare q subsran-
tial stock dividend. The company
has earned sS6 a share on its common
in the last 2 years, so that 1t Is able
to declare substantial stock divi-
dend and maintain the current 81
dividend on the increased capitalize
ton.
Strong pressure was exerted at the
American Wooden post and the price
reflected the concentrated selling.
The Street viewed the renewed weak
ness as Of professional origin and
seemingly the drive ,!as based on
what was regarded as a not alto
gether satisfactory outlook for the
company.
Wall Street learned that American
sugar Refining directors would meet
tomorrow when the regular dividend
was expected to be ordered. Rumors
that the company's investments were
looked to furnish a quota to income
which might exceed last years was
offered for speculative consumption.
Franklin. n. H., May 13-George
Warwick of Keene was elected grand
chancellor of the grand lodge,
knights Of Pythias, at the Saith an
nual session here today when 81 per-
sons took the grand lodgs degree.
Cora Hayes of Groyeton was elected
grand chief Of the grand lodge of
Pythian Sisters.
Litchfield. Conn. May 13.-Dr.
Joseph T. Spoth, of Falls Village,
pleaded guilty to q charge of man.
slaughter in connection with the
death of his wife on March 10. and
was sentenced by Justice Allyn
Brown in the Litchfield Superior
court late today to from ten to 10
years in states prison.
Five per cent. wage increase for en-
gineers. flremen and hostlers employed
by Boston & Maine Railroad announced
by road officials.
Representative John w. Langley,
Kentucky, convicted of conspiracy in
connection with whisky transaction,
sentenced to two years in Atlanta fed
eral prison.
Governor Flynn issues call for extra
deputies to preserve order at session
of Rhode Island senate.
River floods paralyzing industry and
destroying much property in Maryland
and Virginia.
Mayor Curley Of Boston in letter to
Senator Walsh OF Massachusetts, asks
senatorial investigation into what he
terms IAN organized plan for corrup-
ton by means of an organization
known as the Massachusetts Calvin
Coolidge finance committee.
DR.. Sun Vat Sen. president Of south
ern government of China, seriously i'll
with brain fever, but there is no con-
firmation of his death as reported.
Repeal Of Methodist ban on theatre
attendance and Of exclusion of actors
from church membership requested in
letter from Actors Equity Association
to Methodist general conference at
Springfield.
Pittsburgh street car traffic resumed
after three days strike of motormen
and conductors.
Premier Poincare and his cabinet will
step from power June, 4, says Paris
dispatch.
Washington, May Thames 7. NJ.
Wilson of Philadelphia today told a
jury concerning charges of conspiracy
against John l.. Phillips, Republican
state committee man of Georgia, and
others in connection with sale of gov
eminent surplus lumber stocks. that in
1919 he paid Phillips $500 as a re-
requisite for signing a contract for
purchase of lumber for the Mueller
Lumber Co of Philadelnhi3