Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1909-12-04
Boston Curb.

The Boston Curb market, which eased
off on the evening up of contracts on
the eve Of Thanksgiving, has almost
steadily declined day by day since and
closes the month at the lowest level Of
the week in sympathy with the decline Of
the New York market.
The Curb opened Wednesday on a mar
row and hesitating basis but soon devel-
oped into a broad and fairly active mar
ket, with prices ruling fractionally higher
than the day before. Cactus Develop
ment and Chief Consolidated, with sub
stantial gains, were easily the leading
features Of the day, both stocks being
advanced on strong buying. Some i'm
provement was also noted in First Ma
tional Copper and continued strength in
LaRose. Willet, Southwestern Develop
ment and Eclipse Oil We're also fitfully
prominent but no important price
changes were recorded on them. new
candidate for Curb trading appeared
Wednesday in South Lake, the stock of
which has been admitted to the Quail
fled Department. The stock made its APP
pearance with first sales at 8 and sold
down to 7as. This stock was selling a
week so ago on the outside market at
So share.
Union copper awoke Tuesday from the
silence which followed its whirlwind of
a few weeks ago by opening at 212 and
selling down to Pa 800 shares being dealt
in. Wednesday 800 shares were dealt in,
the stock opening at ~ and selling down
to 12s and closing at 1R, a loss of q of a
point over the closing of the day before.
Bay State Gas Wednesday made an
other low record selling down to 400 a
share. Where will it go next?" is the
question among traders.
A bearish report was current WedneS-
day on Boston-Ely which predicted that
the stock would go lower. 1t is admitted
that the company has good little prop
erty and it's location is probably not out
side the pale of Ely naturalization which
the public is coming to believe is more
extensive and much richer than was
supposed in the earlier days of the
camp. But it is argued that the treas
ury funds of the Boston-Ely are running
low and it is feared that an assessment
may be necessary on stock.
A trader told me that he went into the
market today to secure few hundred
shares of Majestic and found it to be
very scarce below the dollar mark. After
some inquiry he became convinced that it
would take only a small movement to
send this stock back past the dollar mark
again.
LaRose Wednesday got back to 5, clos
ing at 1-16 below that figure, as compared !
with close of as the day before. There |
is news of a market move upward on this |
stock and it's action indicates that some |
thing along this line is to be expected.
The weakness in Davis-Daly is attri- |
bGted to sympathy with the general mar |
ket and it is believed that with more |
strength impaired to the copper list, this |
issue would be among the first to respond |
to the improvement.
Consolidated Arizona holds its rise at !
around 15s to 1l-l6, despite the saggingg
tendency of the market The annual |
meeting of this company was held We'd
nesday in New York and John Flagler |
was elected a director to fill a vacancy, |
the retiring directors being reelected.
The board will meet Thursday and or
ganze by re-electing the present officers. \
Well founded tips are given out that |
there is a move coming on this stock.