Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1909-12-23
Days Financial
News and Gossip.

Dec. -, 1902
Boston-There have been important I'M
derground developments at the First Ma
tional Copper property CBalakiala) in Cal
| fornia. In January, 1909. two diamond
drills were placed in operation and have
! been in continuous operation from that
| time.
New York-At the monthly meeting of
Nevada Consolidated directors the merger
plans were not discussed, only routine
business coming up. Nevada stocknola-
opposition to the plan, and the matter
| may come to a cruX after Utah stockhold-
ers have voted to increase the stock and
the books are opened Tor conversion a,. Oh
Houghton, Mich.-Station cutting at the
sixth level in Lakes shaft is completed,
and drifting on the new lode recently dis
closed is now in progress. Ihe lode IS
making a fine showing.
Construction of a temporary wooden
shaft rock house is we'll under way. At
ter the completion of this. daily ship
ments are expected to begin.
Butte, Mont.--A splendid new vein has
been cut by East Butte on the s00foot
level of the Pittsmont mine. 1000 feet
north of the old workings. The vein has
been drifted on for 20 feet and the ore
than per cent. copper.
New York-It is believed that Christmas
distributions this year will be larger than
ever among the railroads, banks and COM
mission houses, due to revival of business
and prospects of a banner year in 1910.
New York-The Steel Corporation fl
nance committee voted Tuesday to offer
to employees the privilege of subscribing
to common stock at 80 and preferred at ia
under the 1910 profit-sharing plan About
5000 shares of both classes will be Of
fered. This is the highest price at which
common and preferred have been offered
to employees under the profit sharing plan,
and it is the second year in which the
common stock has been offered.
Washington-The final estimates of the
Crop Reporting Board of the Bureau of
Statistics of the agricultural department
indicates value of important farm crops
this year over last was as follows: Corn
6,617,OOO wheat Co., oats $27 OO3, 900.
barley 81. $4,000. rye 1854, 900, potatoes So
5Oe. 600. hay s53.922oOo. tobacco s2l.5 900
New York-A story about Consolidated
Gas is to the effect that the stockholders
will shortly be given certificates of bene-
ficiary interest in a new holding corpora
ton which will own the Gas Cos. electric
lighting properties and possibly the val
liable New York real estate which the
Gas Co. has abandoned for active use or
will condemn shortly These certificates
will, it is said, bear per cent. per an
mum. which would cause a practical in
crease from 4 per cent. to 9 per cent. in
the yield of Consolidated Gas stock,
New York-The Steel Corporation is pre-
pairing for the largest year in its history
in 1910. Its ore supplies are larger than
at any time since organization, and bust |
ness on the books represents active oper- J
ations for four to six months
Reginning Jan. l, 1870 deliveries of steel
will be made on a higher price basis, and
will show large increases in con-
sequence.
New York-There has been a falling Off |
in orders for cars and locomotives for
the last 40 days. until there is now a prac-,
teal suspension of new, orders and the
railroads are in the market for probably
less than 10000 cars at present.
There are four principal reasons for
this temporary lull: The sweeping der
mand for increase of wages and shorteasl
hours by railroad employees; Congress has
Just convened and the railroads want to
know its attitude before they lay out :