Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1909-12-18
Boston Curb.

The Boston Curb for the past week has
been rather broad and active, with some
Stocks and a decided tendency toward
higher prices, Notwithstanding the usual
seasonab1e easing up Of prices which Is
looked for as the Christmas holidays
draw near.
The central features Of speculation
have been Chino Cactus Development.
COrbin Copper, Davis-DaIy, First National
Copper, Oneco, Boston-Ely and Ohio Cop
per.
The series Of press notices which has
appeared in the Boston papers for the
past week on the Rhode Island Coal Com
pany led up to renewed active manipuIa-
ton of the stock on Tuesday, when it
opened at 9H, being off a quarter on a
point from Mondays close and was rapid
ly rushed up to 1DA at which price it
closed.
IT was announced Tuesday afternoon
that some new interests are to be elected
to the board of directors of the Rhode
Island Coal Company. 1t Is claimed that
the government test Of the coal carried
on by Prof Brown, has proven very sat
isfactOry.
1t has been less than a year since Henry
NJ. Whitney obtained control Of the Rhode
Island Coal Company. At that time the
mine was filled with water. 1t Is said
that there are now employed at the mines
about 200 men and that in another month
the New Haven r. r., which has run a
spur track into the property at Ports
| mouth, r. T., will be delivering Rhoda
Island coal to nearby New England cities
Cactus Development has been very
strong during the past week advancing
from 4, the close last Wednesday, to 5 or
Tuesday, the high record. The company
is said to be developing about 1000 feet OF
ground monthly and has made some ex-
cellent strikes in the sulphide zone. AT
the close of Tuesdays market there were
about 1000 shares offered at s. with Az bid
for at least double that amount of
shares.
Boston-Ely holds it's advance since it
crossed the three dollar mark well. The
better feeling concerning the stock is due
| to the idea that it has at last passed out
| nent ore body. The company is now
claiming that it's mineralized conditions
are showing up similar to Giroux;.
r Neyad a. u n remains stationary
Corbin Copper has manifested unusual
| activity during the past week, prices
| ranging from s to S1a, without being based
| on any news from the mines
Wednesday was made notable by the
addition to the trading list of Live Oak
Development Company and the New Bar
| tic Copper Company, both Hayden-Stone
stocks and Humboldt Shelters, a Rich
ard J. Burton stock being traded in for
the first time. Live Oak was admitted to
the Qualified and the other two issues to
the Unqualified Department, with con-
siderable activity in Live Oak and New
Baltic started off, the opening price of
the former being $19. selling down to SIS
and closing at 1872 and New Baltic open
ing at s14 and selling down to and closing
at s.
A good deal of bullish talk developed
Wednesday on Inspiration which opened
at l1-16, it's closing figure of the day be-
fore, and on strong demand from New
York advanced to and closed at Sl5 In
spiration is considered more of a New
York than a Boston stock and hence the
lead of New York is followed upon it.
A feature of some importance which
remains unexplained was the sudden ac-
tivity which developed Wednesday in the
Old Dominion Trust Receipts which open
ed at IA and closed at ~, 1918 receipts
changing hands.