Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1909-12-14
Days Financial
News and Gossip.

Dec. IL, 1903.
| Boston-Definite terms of the merger of
the Boston Consolidated and Nevada Con-
| solidated into the Utah Copper Co. have
| been agreed upon and the agreements
| signed.
Boston Consolidated goes into Utah
Copper on the basis of % to 1, and Neva-
, da Consolidated goes into Utah Copper on
the basis of q to I.
No other companies will be taken over
at this time. although it is planned to
take over other companies later on.
Hunt, Ellis & OBSERVATION-DISCLOSURES
that the market is not as yet making
any great progress in an upward direc-
ton, the general spirit of optimism is
growing, and we are undoubtedly draw
ing quite near to the time when pro-
nounced upward swing will be in order.
New York-W. E. Hutton & Co have
acquired the New York bond department
of Isadore Newman & Son. George D.
Baker. formerly associated with that
firm. has been admitted to partnership i'll
w. f. Hutton e. Co.
Houghton. Mich.-Arcadian has taken q
second core from the lode recently en-
countered in No. 2 drill hole. The core
carried considerable copper finely dissem-
mated but it is not particularly rich. This
hole is sinking in the approximate horizon
of the KearSarge lode. The No. / hole
to the northward in the presumed horizon
of the Baltic lode has penetrated to sand
stone. but whether or not 1t is the east
ern sandstone marking the limit of the
known mineralZed belt has not been de-
termined Results to date are important
chiefly as an indication that operations
are being conducted in mineralized
Neither the Kearsarge nor the Baltic
lode, both of which undoubtedly traverse
the property, have been tapped in the
present drill operations.
New York-All American Locomotive
plants are working practically at capaci-
ty, and orders are enough to keep them
going at this rate several months. Just
now there is a slight lull in orders ex-
pected around this time of year, but they
are expected to come in again at a good
rate after the first of the year when
railroads order for summer and early fall
delivery.
Ely. Nev.-Last months pay roll in the
Ely district, including mines, mill, smell
ter and railroad, was in excess of quar-
ter of million. Snow and cold weather
have apparently but little effect on min
ing activities and the present winter will
be the busiest in the history of the dis
trct.
Bisbee-The output of the Copper Queen
for November was about 9,60o.0O9 pounds
Of copper, an increase over October al
though November was short month. The
company operated an average of s Is
furnaces and six converters. At present
there are eight furnaces and six con-
verters in operation, although for a few
days nine furnaces and seven converters
We're in use.
New York-The average price of 20 ac-
tive stocks. at the close Saturday was
12S.5S in advance of 20 compared with
Fridays close. A year ago the average
was 1880.
New York-Worlds wheat exports last
week 9,542,000 bu., previous week 10, SCI 900
bl., last year 6,S01,000 bu.; corn this week
2,SO6,OO0 b., previous week 2,746,OOO bu.
last year 2.792 600 bu
New York-Chesapeake & Ohio's coal
and coke tonnage continues at high record
figures. During October the road handled
1909, 1873 tons of coal. an increase of 25.723
over October 1908. Coke tonnage totalad
40,0S1, an increase of 2293 Chesapeake s&z
Ohio's daily caG loading figures are now
the highest instile company's history.