Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1909-12-15
Days Financial
News and Gossip.

Dec. IA. 1909
Boston-The market for government IS
which has been weak for a considerable
time past, shows a slight temporary
strengthening as a result of a somewhat
better demand for the issues from ma
tiOnal banks.
New York-With two months remaining
of its fiscal year, Lackawanna's reports
indicate that the road has done better
than last year when it earned 40S per
cent. on it's stock, although because of
the increase in stock from $26,200,00O to
$50 10000 last July. earnings will show
only about 50 per cent. The apparent de-
crease is due in part also. to segrega-
ton of the coal department and organ
lZatiOn of the Delaware, LackaWanna &
Western Coal Co.
New York-Northwestern traffic at the
head of the lakes has run well ahead of
last autumn'S totals at Duluth hyperion
in which grain, iron ore and coal traffic
are largely represented. The Lake Supe-
rio" demurrage bureau reports 51043 cars
tracked in November. compared with AZ.
300 cars in November, 1908, an increase of
s per cent.
New NYork-Stel orders in the first week
of December were fully up to what they
were in November. However, there has
been SeaSonable falling off in the last
few days. and average business for De-
cember will be considerably below October
and November; December usually records
a Shrinkage.
New York-The average price of 20 ac-
tive stocks at the close Monday was 1913,
an advance of So compared with Satur-
days closes A year ago the average was
11736.
Butte, Mont.-John D. Ryan is directly
quoted today as saying that the copper
merger is an assured fact. 1t is under
stood, however, that w A. Clark, the
and perhaps several other important pro-
ducers will not be in the merger itself,
but some Of these outside interests will
cooperate with it under working agree
/ ;at, tho,, G,,r,k
result a general curtailment Of Is per
cent. in production
Chicago-Pres. Bedford of Corn Prod
| ucts Co says the first unit of the Argo
plant will be practically completed by
Jan. Is There are 300 men new employed
at Argo putting up package starch and
| 100 men are engaged in construction
| work
| over 100000 for each county this year.
| The crop is the most valuable in her his
| tory, not excepting the record breaking
crop of 1902, estimated at 3O7, 600 bush
| els and worth at prices then prevailing
| s97, OBS, 900 The value of the present crop
| reaches $114,844. O44.
| Houghton, Mich.-Arcadian drill No. 1
has passed through two promising amyg-
daloid veins, one being % feet in width
and disclosing good copper contents. 1t
is the intention of the management to
give this vein more. attention later.
New YorkIR Il PC. satisfactory h sl
city, Buffalo. Baltimore, MINNEAPOLIS,
Louisville and Newark, United Dry Goods
Cos. of which the H. B. Clafiin Co. is the
| wholesale nucleus notes a marked i'm
provement over conditions prevailing a
year ago. The New York establishments
| have been especially active during the
past and present week, and indications
point to decided increase in earning
power of the stock. ~rs - ts
| Washington-The average rate; of divi-
| dapd paid .bv' tile '27 spinIfiHg Companies
of Japan was, at the end Of the first half
OF This. year. III. per cent: per annum. an
increase of per cent. over the preceding
year.