Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1909-10-28

Inc American Glue Co, declsres
ira dividends of | per cent -. ex'
common stock on May 1 and NJ. me
1907, and May /. 1908. No evtra s: !,
dend was paid in November ,eoe "'i-
May, 1909. '''o' OF
An official Of the East Boston ~
says there are no recent deyeIonmo 70
in the affairs of the comnanv h.
plain the sharp advance in tho e.,
from SO to $12 a share in ves,arao'a
trading.
The work of building the now NJ.
erick mills, he says, is Progressing 80.
isfactorily. 'a'-
1t Is interesting to note that AZ a.
present price of East Boston Co s,o~,
VIZ: $11 per share, the 10000 000 so,,a-
feet Of marsh, fiat and filled land ow.
ed by the company. excluding the
500,00O square feet taken by the 90
mohWealth, are selling at the low ,a,
ua'lon OF nine cents per foot com
pared with 80 cents the average sellin.
price at which the land has sold dnv
lrg the past three years
New York-After years of persis,o,,
work Central Leather Co. has at W.,
obtained possession of the Init,
States Leather shares, except for a f.s
scattered holdings that may come !,
any day. The next move will peerhans
be having United States Lea,hs,
stricken from the Stock EXCHANGE ~,
Officials of the North American n
say no immediate acquisitions of re,
properties are contemplated and a,
present no important developmen,
work will be carried out on any of n.
companies. General conditions Are 70
vorable. Detroit is feeling the imp4tpS
of improved conditions to the Creates,
degree. Detroit-Ediso Cos. earnings
are rapidly growing and the stock If
the company is advancing
The Hudson & Manhattan Ry. Co
which constructed the tunnels under
the Hudson river, has got from Judge
Bischoff of the supreme court a writ
of certiorari TO review the action Of
commissioners of taxes in assessing
its property for purposes of taxatos
at 81, S00,0 900.
Financing the cotton crop the currs
year will be remarkable for seven
distinct features not seen in earlis
crops since 1875. The country has not
known 13-cent cotton in more than a
third of century. Again, the crop is
being marketed, more directly between
producer and consumer than in prob
ably an earlier season. The amount of
money which the sale of cotton will
bring as gross income to the South
ern states will undoubtedly be the
largest in the history of the crop.
Sharon. Pa-By "Wednesday Amer
lean Sheet & Tinplate Co. viii! be op-
Grating 20 hot mills at its South Shar-
on works. representing full capacity.
The entire battery of tin stacks will be
running by the last Of the week. OIL
Gals of the company say that the
quality of tin plate being turned out
is good.
New York-Prices of New York City
bonds are still on the downward
trend The Az per cent. issue. although
quoted at a substantial advance over
the price obtained by the city IN the
fall of 1907. is on a basis of better
than per cent. the As may now be
had somewhat under par and the older
GUS and IS are bid for on a basis OF
from 40 to Ais per cent.
The average price of 20 active stocks
at close Tuesday was 121.46, decline ="
compared with Mondays close year
IN oo tho average WAS 10g.51
Miller & Cove believe the none
tary situation will render Gor the pres
ent at least futile any efforts TO re-
commerce q broad bull campaign.
New York-The report of the steel
CORPORATION for the quarter ending
Sept. 80 was as favorable as expected
by conservative banking interests. Inc
surplus for the quarter, after all oe-
ductions before dividends, was SZS'-
543O57. Deducting the preferred dlVi-
dands of So. 3O4. 919 left $17,2SS, 13S. equiv
alent to "a per cent. on the Sooo'ooo'V'o
common stock. The corporation earHcu
sufficient in the third quarter 10 ahiioSt
nav the entire dividend at the rate vi
per cent. for year.
Butte. Mont.-Every producing NINE
in Butte worked at normal oapao''S
during October, without single iii'ei-
runtion The output for the month VIII
exceed 2s,oOO,OOo pounds. Butte Coalilon
nroductjon will be close TO o'z"'VV"
,,ou,ds and North Butte in excess OIL
8. 500, COO