Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1909-10-27
DAVIS Financial
News and Gossip,
Boston. Mass, Oct. &c, 'O9,

The October output of the Old Domln-
ion Mining Co. will be practically the
same as last month, when the smelter
produced 2.672,000 pounds OF copper
JJp to the 10th of this month the out
put was 100000 pounds.
New York-The General Electric Co
continues to show Improvement IN bust
ness, and orders are running about ID
per cent. of what they were IN the pest
year since organization. substah-
tial surplus on the current fiscal year
after the s per cent. dividend Will DC
shown.
Boston-The Davis-Daly Copper Co.
is now penetrating the vein from the
15OO-foot level of the Colorado shalt'
Thus far the assay shows Slb per cent
copper and 6% ounces of silver. or tns
same as upon the 1400-foot level. The
shaft will be bottomed at the lsoo-fo"'
level and it is now approaching ths
point. After the cutting of stump
here, the third and fourth levels Will
be opened 125 feet apart. and the COM
pany will then have four levels irom
which it expects to be able to snip
1000 tons of ore day as soon as proper
openings have been made.
Hunt. Ellis & Co-The real funoa-
mental features tend to inspire un'
bounded optimism in the future OF wv
market The general Improvement !"
trade and commerce and consumpti'e
power of the country is illustrated IN
the record railway earnings pahA
clearings and other barometrcal statS
tics daily coming to hand. win wv
monetary outlook cleared up. these WIN
again become the ruling factors IN tnc
market. and higher prices will be iheN
liable. at. ':''
N. Y.-From present indications tns
Steel common dividend today VIII
advanced to / per cent. for the quarter
and net earnings will be about s3S'ooV'
900. Balance available for DIVIDENDS ~
the common stock for the quarter w"
be between per cent. and 3k per cent
or at the rate Of between II per cent
and IA per cent. a year.
Boston-Little speculative 1ntere''
centers in the shares of the MohaWN
Mining Co, and it is rarely that 'e
stock forms more than a small 1rae
ton of a days business on the bos'on
Exchange. The shares seem to nav.
drifted pretty thoroughly into inVes'o''
hands.
N. Y.-The average price Of 20 act,'
stocks at close Monday was 1859
advance "a compared with SATURDAY
close. A year ago the average "'
HOLE.
N Y.-"The transatlantic business
is much better than it was last yea.
and generally speaking is satisfactory
says Gustav Fl. Schwab of the Noru
German Lloyd Co. 1T may not
quite up to normal, but that Is haro"
to be expected all at once"
Houghton. Mich.-Lakes crosscut ~
the 5th level ESQ feeD has entereu
the lode for a distance of about ~ ie'',
and has been continuously In coppe,
ground since the lode was first stru'"
on the footwall side.
Boston-The improved financial con-
dition Of Boston G. Worcester stre''
Railway Co. in the past fiscal year
the result of increased fares Will proO
ably be reflected in the restoration ncA,
year of the full per cent. dividenu
rate on the preferred stock.
Boston-It is expected that the pau
Of the Nevada Consolidated management
for increasing the capital stock
100000 shares, to be offered on the oa'.
is of one for every 3 IA shares =.
Cumberland-Ely, will be authorized "
stockholders next week without opposr
tion.
Cotton oil prices advanced yesterda.
to the levels not previously attalneu
since 1893. Sales on the New fo'A
Produce Exchange totaledG q, 1000 Dai
rels. An exceptionally large densn
for crude oil by the large componns
manufacturers exists.