Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1909-09-10

Between 10 and so, and in less IN.
eight weeks, nearly 5,500,000 shares !.
United States Steel common have 1.
traded in on the New York Stock ..
change.
Houghton-New Baltic has reaeAa
depth of 106 feet in the No. a.
hole and is getting down to a dt,.
Were results may be looked for n.
manager ent expects to cut the so.e.s
ed New Baltic lode at 200 feet 5s,s
The lode offers much encouraged,
where exposed in the surface trencbs
! on this property, the mineral inae
tons being entirely favorable. hut h,
not yielded drill core for which 10.
son much interest attaches 70 ons,,
tons on this lode on the Oneca yev
Baltic and Arcadian properties tn
disclosure Of copper at depth in ibid
horizon will open up a strip Of minaral
territory upwards of six miles III
| length.
| Bostpn-General Electric is getting N
considerably increased OUTPUT of con-
per from its Bully Hill mine in Can
| fornia July production was ahG,|
| $4,000 pounds. or at the rate Of son i
| 600 pounds per annum, which is slgh,.
| ly less tEan Is per cent. of the normal
copper requirements of the Geners|
| Electric. For several months alta.
production began in April, 1908, Bull
| Hill was turning out less than at HI
rate of 100000 pounds of copper year
", so that there has been an inereaa|
in output of 60 per cent.
Butte, Mont.-Work was resumed n
the Colorado mine of the Davis-DavI
Co. yesterday through d ne-compar|
ment shaft, and another will be start4|
as soon as the company can procM|
new hosting cable to replace the us|
destroyed. The company was fal
tunate in being able to procure fla|
North Butte parts of an engine to M
place portions broken by the acciaeAl
last week. 1t viii be some time iosI
ever, before the Colorado will be worEl
ing full time again.
James a. Patten says that there
nothing in the situation now to brind
higher prices for wheat. The North
| west, he adds, has raised the bigget
! crops in it's history, and the talk 4
farmers holding back their wheat
| nonsense.
The Boston News Bureau touching
IN the situation says 20 the day to day
| observer the situation might seem to
be not wholly promising. He thinks Of
| what would happen in the event Of Mr..
| Harriman's death, is reminded that
! money is becoming firmer that the
crops may not turn out quite so wei
as promised, that the copper markt
fails to advance and so on. But The
| world was net created for the man whe
seems only a day or week ahead. n
is the man who looks into the futuN
and tries to grasp the situation year
or two year silence, who creates, up
builds and makes history.
Viewed in broad way, there is mueh
of promise in the present situation
The country is making money and saw
ing some Of it; railroads are running
with greater economy and consequelt;
4
| for their shareholders. The nation ha|
| been taught the follies of initiation aEa|
would seem to be standing on tm
threshold of n period of legitimate eS|
| pansion.
Boston-H. s. Kimball. president q
the American Zinc, Lead & Smeltln1
Co, which company is controlled II
this city, is in Boston for few dayS|
He says:
Zinc is coming metal Galvannl
ing is getting to be more and mu'|
common. and | think that the groWM|
in the zinc industry for the last elsnI
or 10 years will be fully maintains
! in the future. In 1900 the produc'ls|
l5of spelter in the United States III
123, 900 In 1907 it had increased ma'|
than 100 per cent. or. to 249,ooo 'oa
while in 1908. Door business yeat
amounted to 100000 tons.