Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1909-12-07
Days Financial
News and Gossip.

| Boston, Dec. s,
Boston--It IS understood that tbs
present floating debt of Chicago Sub.
way is something more than $4,000. 900
a large part of this money having bee,
advanced by +. H. Hartman and J
Ogden Armour.
| BoSton-Gross earnings of Massa chu-
sets Lighting cos. for October wero
$10.761, as compared with S62,461 in 1908,
an increase of $S299, or rs per cent.
| New 6ork--rhe average price of 20
active stocks at the close Saturday
was 1277S, an advance of 10 compared
with Fridays close year ago the
average was 1854.
| Boston-Thc mail train that brings
the New York morning papers to this
city did not arrive until $50. 1T was
sent around the Southern division. ow-
ing to an accident near New Haven
which temporarily blocked the track,
| New Yorkshire committee on securi :
ties of the Stock Exchange. in regard
10 the new convertible per cert. first
and refunding mortgage so year. gold
bonds of Missouri Pacific, to be voted
on by stockholders Jan. IS. rules that
the stock shall not be quoted ex-rights
tificates of stock delivered after Dec. s
| must be accompanied by a due bill.
| New York-Burlington's October
statement offers the unusual case, un,
der prevailing conditions, of road
with a large increase in gross and de-
crease in net. Operating revenues werc
| $675, 0G5 ahead of the fourth month last
year, While net after taxes was $235,S34
| behind.
London-Copper G. NJ. 3. opened to-
day spot $50 Gs Cd; futures $50 IS Cd.
| Market firm. Spot up rs Cd; futures
up 12s Cd. English money.
Salt Lake City-General Manager D.
| C. lacking and General Superintend-
enI r. c. Gummell of Utah Copper Co.
are in New York, comforting with d.
| reCtors relative to a merger with BOs.
| ton Consolidated. Samuel Newhouse
left here Saturday in response to
cablegram from Paris stating that
Mott I. NeWhouse was not expected to
live. He will meet the Utah Copper
directors Wednesday before sailing.
Salt Lake City--A strike has been
made in the Utah Consolidated in q
drift off the lowest workings. 1t is
said to have been followed a distance
of 400 feet with the face of the drift
IN good ore. 1t has been crosscut for
Is feet. and gives average values of 2
DER cent. to per cent. copper. 1t is
in the hanging wall country some dis
lance north from the ores uncovered
on the upner level
hington--CommiSsio Of Cor
pOratiorS Smith reports on effects of
future contracts on price of cotton ad.
versely TO the fixed difference" prac-
tice OF tie New York Cotton Exchange.
The report summarizes as fellows:
"The abnormal depression of futurs
contract price caused by improper OK.
change regulations, taken with the
system of buying limits" frequently
draws down with it. and away from
the standard of true values, the prices
which farmers receive for cotton"
Houghton, Nich.-Calumet & Hecla
IS making Preparations to ship ccnper
Dy rail at the rate of about 500, 900
pounds daily for the next so days This
is arnro Simateiy double the present
production. Navigation close Sunday
New York-Clairning that the United
Fruit Co. is g combination of seven
companies operating, according to the
Sherman antitrust law, in restraint Of
trade, and that it has taken advantage
of the revolution in Nicaragua to inn
peril the holdings of the Bluefields
Steamship Co., the latter after a
friendly receivership has brought suit
against the Fruit Co. in New Orleans
courts for S10,00c00O damages.