Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1909-09-01
Days Financial q
News and G0ssip
August 81. 1X4

August 81, 1868 4
Boston-Rapid progress is being madas|
in the building of the Shannon Arizo.
ma r. r. Over 1000 men are now en-.
gagged in the work of construction. and
in operation before March l next. for
under the charter, if that is accom-.
plished, the road will be exempt from
taxa ton for 10 years.
Observation-Disclosures No diamond
drill has been started and the sand
pipe driven to a depth of about so feet
gives indication that the ledge is being
closely approached after encountering
which diamond drilling in rock will be
possible This hole is located upon The
| assumed strike line of the new Baltic
lode. A second drill outfit will go into
commission in the same horizon at
point nearly one mile south from the
No. 1 hole within another month and
possibly by the 18th of September Al
little over one half of the assessment
first installment, amounting to 5@
per share due Sept. 1, has already been
paid into the treasury of the COMPANY
man of the monetary commission says
'"The subcommittee of the commission
deputed to inquire into monetary mat
ters and conditions in European coun-
tries will conduct it's investigation in|
LONDON, Paris, Berlin, Vienna and oth-|
er European capitals during the nen|
two months. I expect to return to rel
turn to this country about the end III
October or early in November
Chicago--Several Chicago banks havl
marked up call rates from per cel
to Al. per cent, while others have neI
titled borrowers that they will do nj
Sept. 1.
Boston-A special meeting of stock.
holders of the United States Leathef|
&C. will be held in Jersey City Sept III
for the purpose of having submitted sI
it and thereupon considering and voting
| for the adoption or rejection of joint
| agreement dated Aug. "a entered ints|
by directors of the United Statesj
Leather Co. and the Central Leather |
Co. for the meyer and consolidation d
the two corporations.
Houghton. Mich.-Ahmeek is making
a mill test at the Calumet stamp mill
this week, and in this test, as in tesbI
run on rock from the several othaI
mines, very close extraction, 1t
said, is being made. Nothing in the way
of cificial information is being given
out concerning these tests. which are |
entirely experimental in nature and de- !
signed to point out the method best
adapted for the economical extraction /
of the copper values contained in the |
rock
II. l.. Horton Co.-The crops ap' |
pear all that can be desired, except
perhaps in the case of corn, where then
is likely some disappointment In store
1t looks now as if the maximum crop
which can be expected is some 2,SM'
600, 900 bushels-a harvest, however, well |
over the largest ever raised.
Redding, Calm an ultimatum
ali the smelters of Shasta county, tho
farmers name Oct. l as the final dals .
for submission of tangible proof tha'
the fumes from the smelters are not IN
furious. In the event of failure to sub
NIT such proof before that date, tM
farmers threaten that the smeter op
erations will be restrained or, at leaa
that injunction proceedings will bega
at once.
The directors of the Anaconda Cop
per &C. will meet the later
part of September to take &C.
ton on the quarterly dividend. ~
change in the rate of SO cents per quar-
ter is anticipated.
Decentralization Harvester VIII
according to present plans, begin dN'
idends on it's $6O,000,00O common at tn'
rate of 5 per cent. within the next ~
months which means either on Octopa
or January declaration. with the prov
abilities favoring the later date, wneh
the fiscal year will have closed ana "
rectorS can get a better idea OF NV
earnings have run for the current yea.
New York-The average price OF
active stocks at close Monday va
1903, advance 194 compared with SAY
urday's close. A year ago the averas'
was 1925.
New York-The United States ef
ports annually, monograph goods var
ued at upward of $4,000, 600, entrep
outside of the large local demand.
Butte, Mont.-The controversy -
tween James A. Murray on the os
hand and the Anaconda and NoI~
Butte Companies on the other, ow
ownership of large portion OF -.
Edith May vein, was brought into GU
yesterday, when leasors on Muri1
Ticon claim brought suit against An -.
conda for 1866 for ore mined from ~
1icon vein. This amount is tied "
the bank pending the determinatiOna, -
ownership of the vein where the ie a.son
mined the ore on the dip OF the IA
vein. This is under the vertical .,sim
line of the Bell, Spectator LOO