Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1909-12-04
Days Financial
News and Gossip.
Boston, Dec. 8, '09

boston, Dec. Is, Wy.
Net profits Of the Atlantic, Gulf &
West Indies Steamship Lines Co. for
the fiscal year to end the last of this
month will be fully 50 per cent. larger
than for 1908 and within less than
per cent. of the 1907 showing. the best
previous year in the history of the four
operating companies.
Pttsburg-After several weeks of
comparative dullness in the iron and
steel market in this section. a heavy
volume of business has poured in with
in the past few days. Specifying
against contracts, continues, End gives
the manufacturers of finished produsts
no chance 20 catch up with deliveries
New York-Rock Island Railroad col
lateral trust 4 per cent bonds. secured
on the stocks of the Old Railway Co.
have assumed the leadership in the
board trading, and are up more than
q point from last weeks closing price.
being now quoted at about 1919. They
have been fairly active since reports
first began to be circulated regarding
the probability Of separation of the
Frisco from the Rock Island system,
but hitherto have shown rather narrow
price fluctuations Since the first of
the current year these bonds have sold
as high as S2A, and their high record
is SO, reached in 1903. The collateral
trust SIS, secured on Frisco common
stock, sold today at 1917.
Boston-While the demand for copper
is not as brisk as it was a week ago,
t here is still fair amount of bushes
doing. The United Metals Selling Co.
IL
and 1875 cents for Lake and represent
atives of that agency say they do not
believe copper can be purchased in any
amount below such price, otherwise
they would not be getting the business
They claim that the United Metals Sell
ling Co. is sold well up into January.
Boston-The syndicate for the pur-
chase of the $3.50, 300 st. Louis & San
Francisco common stock owned by
Rock Island has been formed and al
lotments have been over subscribed
The HawleyYoakum interests are I'M
derstood to get this majority control of
st. Louis 4 San Francisco for $40 per
share, involving a total cash outlay of
$11.172,000.
New York-Herbort Fl. Dean, Fred
erick Herreshoff, Fritz w. Hoelnghaus
and ]. Herbert Ware have been elects
ed members of the New York Stock
Exchange.
Butte, Mont.-The Parrot mine will
close today on account OF coal short
age. and the Moonlight mine of the
Washoe Co. will close for the same
reason
New York-At the rate of increase in
net for the first four months, Union
Pacific will close the current fiscal year
with a gain of32 per cent in amount
earned on the common stock and
Southern with gain of IL per cent.
This would mean a surplus of 22.07 per
cert. earned for Unions $199, 500, 900 of
common and II per cent. for Southern
Pacific's $212,500,000 of stock of one
class.
New York--Holders of the entire
81 100000 bonds of the Nevada
Northern Railway Co. have availed
themselves of the conversion clause,
and converted their bond holdings in
to stock of the Nevada Consolidated
Copper Co. at par. OF the company's
own mortgage bonds, of which $2,7S4, 500
were outstanding at the last report, all
except about $4,000 have been con-
verified into Nevada Consolidated stock
on the basis of $40 in bonds for S. in
stock.