Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1909-12-30
Days Financial
News and Gossip

| Dec. %, 1909.
Boston-The Boston News Bureau esti-
| mates principal dividend and interest dis
bursements payable in Boston in January
at $3.50, OPS, a new high record, compar-
ed with $1O,325,2O0 this month and ST, $751;
| 100 in January last year.
BOstOn-SaleS of the new Keystone Cop
| per Co. shares are reported at 81. The
sellers are understood to be some of those
who received stock in payment for prop
erty acquired
The keystone property is located in the
Globe, AriZ, district between the Inspira-
ton and the Live Oak properties.
New Iork-The average price of 90 act
i've stocks at the close Tuesday was
1291S, an advance of IL compared with
Mondays close. A year ago the average
was 1913.
Observation-Disclosures against con-
tracts for finished material, notably steel
bars. plates and shapes, have been sent
in so literally by buyers during the past
few months that some slowing up after
Jan. would not be surprising. Much ton
mage drawn against, which is to be ship
ped subject to the mills convenience, is
still to be rolled, since mills are far be-
hind in deliveries, so that consumers now
apparently in comfortable positions as to
their needs will have considerable MAIZE
rial regularly shipped to them over the
first quarter, without additional ordering
The incentive for active specifying up to
Jan. has been low prices at which mills
are compelled to supply BUYERS needs
Boston-At the next meeting of the di-
rectors of the Kerr Lake Mining Co. div
idend action will he TAKEN and it Is ex-
pected the quarterly rate will be increased
from % to 40 cents and possibly to 45
cents. Last January. Adolph Lewiston
and associates acquired control of this
company and at once advanced the div-
dend rate from II per cent. to l6 per
cent, or from 60 cents to 80 cents the
par OF the stock being s.. On a $3,0000O0
capital the is per cent dividend called
for the annual disbursement of $4,000.
New 1ork-The copper market continues
flTm ana sales of electro1ytic were report
ed yesterday at 131 cents a pound. This is
the MINIMUM quotation of the United
Metals Selling Co.
New York-As the final step in dissolu-
ton of Newhouse Mines IL Shelters Co.,
now reorganized as the South Utah Mines
Dc Smeiters Co.. meeting at which 500. 767
out OF the 100000 shares were represented
was held Tuesday. The meeting was
merely "A necessary legal formality and
routine in character.
New York-Chicago Pneumatic Tool Co
directors took no action yesterday in re-
gard to the dividend. Pres. Duntley said
that results for the latter half Of the
year were very gratifying, but if any div
1dend action were taken it would not be
before February.
The Tuesday morning mail brought
large consignment of selling orders in
Rock Island to commission houses from
speculative holders who knew nothing of
Mondays extraordinary advance until the
performance was all over.
Butte. Mont.-There is nothing new in
the Parrot situation in Butte to cause
the present weakness in the stock except
that the mine is closed on account of the
switchmen's strike. However, in the opin-
ion of Butte persons familiar with the
Parrot Is not intrinsically worth |
half what it has been selling for. The
recent break in the stock is understood |
to be the result of a break-upof pool
which had been formed in the East to
boost the stock.
Boston-A large Boston interest in Da-
vis-Daly says: The PERSISTENT decline |