Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-01-01

Ebert II. Gary, chairman of the
L. S. Steel Corporation, today issued
the following New Years statement:
I'm view of the material and moral
strength, together with the stand
ing and influence of this country.
protected and advancing under the
leadership of a wide and construc-
tive administration, ad the extra
ordinary opportunities for success
offered to all who are fortunate
enough to be inhabitants, every in
dividual should not only give thanks
to kind and merciful Providence.
but should. at the beginning of the
New Year, firmly resolve to contri
butte his or her time and mercy to
the welfare of all who need assist
ance, up to the measure of ability
and propriety."
Keener competition between
European and American Steel manu-
facturers was forecast today through
statistics showing that German and
Belgian steel can be brought to
eastern seaboard markets at the
same cost as Pittsburgh. mills. The
transatlantic freight charge of $3.50
Il ton and a liberal allowance of 81
for duty, make the total charges
$50 a ton, or the equivalent of
freight from Pittsburgh to New
York. In the last year, it is said
European steel mills have taken vir-
tually all the business in rails for
lumber logging and similar purposes
on the Pacific coast. This seaso /,
the large German steel works Is re-
ported in the trade to be keeping a
! nj oil str
cific port.
Railway Age estimates that the
railroads OF the United States and
Canada will spend more than g.
JJo.WU,uU for additions and i'm
provements to their properties in
l3-J, about ID per cent more than
either in 1924 or 1923. The money
will be spent for I'll kinds of faciii-
ties that comprise a railway. Pur-
chases of railway cars and locomo-
tiyes in 1924 amounted in value to
S46i ,4D.j40 ard included ,413 loco
motives. 143,IoS freight cars and -
oo4 passenger cars. Railway pros
perlty during the year was reflected
In the construction in the United
States. of Ills miles of new ira ok.
of which SO miles were new railroad
lines.
Brokers buying and selling COM
missions involved in a turnover of
approximately $4,000 shares Of Cen
eral Electric stock today, amounted
to $30,400 at the market price of
more than $500 a share. Similar
transactions under the old rate of
commission. which We're increased
just before the "bull' market start
ed after election would have been
half the amount.
With operations of subsidiaries of
the L. S. Steel Corporation at 81
percent of capacity. the financial dis
trict estimates that the saement of
untitled orders for December to be
published Jan. 10. will show an in
crease Of between 100000 and 100000
tons. The gain reported for Novem- !
Der was 506,000 tons.
Net earnings of the Barnedall Cor
poration in 1924 are officially placed
at s1.25Q,000 compared with s1S1,S4S
in 1923.
Exchanges at the New York Clear !
Ing House during 1924 reached a rec !
ord total of s249. ISL 1913 an in
crease Of nearly seven billion dollars
over the previous high level of 1920. f:
Last years clearing aggregated close
to $4,000, 100000 dollars.
Dividend checks will be mailed to
stock holders in 963 corporations on
Jan. 2, the first business day Of the !
new year.e A total Of si55,0S0,000 will
be paid out in dividends and interest
by railroads, industrial and traction
banks an trust compa- |
MES. the national government an
greater New York during January.