Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1909-08-20
DAVIS Financial
New and G0ssil

Bcston-As a result of--the "harma3
agreement between George J. Gould
E. III. Hartman. there is understood
have been change in the ownership
the Texas & Pacific. long controlled
the Gould family. which We are nowl
formed goes to E. II. Hartman. He bd
for the Southern Pacific to strength
that company's position in the Sou
west.
For many months Hartman & Co. I'D
been persistent buyers of Texas & 4
Cific stock.
Springfield, Il-The winter wheat d
of Illinois brought s22.500.000. 1t was
largest and best paying crop of wheat
record. The oats crop for the y
brought $3s,12S. 1876. the largest since
and the most valuable in history
Chicago-a suit has been filed in
United States circuit court by Rock
land and seven other roads asking y
the Interstate Commerce Commission
enjoined from enforcing a rate reducf1
in different classifications between Chd
go and Des Moines varying from twe1
si,; cents a hundred pounds.
Salt Lake City-The Yampa smelterl
running two reverberatories. with a
pacity of 900 tons. These. with the TIM
blast furnaces. will be large enough
handle the business of the company.
New York-There is a strong probabi
ty that, with the Improvement in inve'
ment conditions. such as many bond M
believe inevitable within the next
months, there will be a call by Southg
railroads for substantial new capital. u
cent reports that Louisville & Nashy9
had under consideration the issuance
some $4,000 600 stock, although they seq
at least premature. direct more than
usual attention to requirements of Soul]
ern roads
Chicago-Pres. Smith of the Norths1
Trust Co. says regarding Comptrol1
Murray's effort to hold bank directors
full responsibility: 1T is the business
lateral. and he should be made TO n
that If he neglects this portion OF
work he should withdraw. Any such
ton which tends to awaken the diref1
to sense of his responsibility is a
eft to the whole business community
tive stocks at close Wednesday was ~
decline rs, compared with TuesdgI
close. A year ago the average was W
commonwealth Edison ste1
holders will vote Nov on increas|
capital from $aO.0O0.000 to s40.0OO.Ooo. !
the intention to offer 100000 new ~
to stockholders at par up to 10 per q
of present holdings. Proceeds will n
| for improvements and extensions
Winnipeg-Grain in the Canadian NOT
west is being harvested. If frost
hail keep off until cutting is complsj
l tilc crop Will De large one. Aed
| estimate of wheat output is over lWs
900 bushels.
Bisbee-The Calumet & Arizona snnej
is enlarging another furnace to 800
| capacity
Washington-The 1908 coal productioII
Illinois was 47,659.699 short tons,
$40, 97S. 247, making Illinois the second v
producing state. The original coal /
| ply of Illinois was 40O00. 600, 600 tons
| bituminous. of which 693. 527 ,52S tons q
| been mined and 3i6.000,0 900 tons wasted
| Boston-Quincy A. Shaw, Francs
| We!ch and Robert F. Herrick, as
utors under the will of Quincy A. 81
| have transferred 900 shares of CalumsX
| Hecla stock from the estates h0ioI
to Alexander AgassiZ.
| Montreal-The Canadian Pacific
| for colonization of the Peace River
| trict next year =.
| Boston-The American Telephone "
| meeting with fairly SATISFACTORY
| Spouse to it's offer to exchange its
for stocks of the Bell of Pennsyr7
New York & New Jersey. Bell OF b~
| and Central District Telephone COS
to date between a third and hal1
outstanding minority stock has
turned in for exchange. The offeI
case of all four companies expire
last of this month and will not =
/ tended.
Boston-There is a suspicion tnss
rise in First National Copper co. -
has been manipulated with a view y
vaDcing the price to a point when
facilitate a sale of 81 LOCO. 900 c0nseaas
| bonds to be issued to retire $ioUvrTj
Balakalala Consolidated Co. bonds =
provide additional working capitai