Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1909-09-25
Days Financial
News and Gossip,
Sept. "a, 1906

fSOStoH-ll Is estimated lIldl tHc pp-
tato crop of Aroostook county, Me-, this
year will be at least Is per cent larger
than any previous year and the lead
ing interests in the Bangor & Aroos-
took Co. are expecting record breaking
earnings as n result. For the first
eight months of 1907 the Bangor &
Aroostook net earnings are 100000
ahead of last yea,
The company is now extending its
road IS miles. This extension will be
completed this fall. 1t has been fl
nanced largely abroad and when com
pleted the total mileage OF the Bangor
II Aroostook will be greater than the
mileage owned either ny the Maine
Central or the Boston & Maine.
Roston-There is good authority for
the statement that T.. d. Underwood,
presto cnt of The Erie Railroad, will he
the next president of the Union Pa
citic Raiload. Such an election would
he regarded as bringing the Morgan
interests in closer attiliation with I'm
ion Pacific affairs
Laiuiaw & Co. Notwithstanding div
idend disappointments which have al
ready been experienced. the impression
prevails that The next six months will
witness increases of dividends on a
number of standard shares and the re-
sumption of, dividends on a number
Of other stocks.
Boston-There have been substantial
sales of spelter within the last few
days and prices have advanced from
5.65 cents at 5.121a cents per pound
,,,ioo Of .-ix
sidered an early possibility.
The leather suit, which began five
years ago, resulted in Chancellor EN-
"ry. early in the year, disappearing
the merger. but he made a decree per-
hitting the proposed agreement to be
submitted 70 stockholders of both com
panieS. The court of errors and ap-
peal later reserved this finding. holding
tbat charters of the companies were
not similar and that the Central char
ter was too broad. Minority holders
row charge that the changing of the
charter is an attempt to evade the de-
cision of the court of errors and ap-
2eals On the other hand. Central
Leather interests feel that they were
entirely justified in their course, and
SlIiHlS lPIlt Ntu OUT tltt SUGGESTIONS OF
the court.
N. 1.--The average price of ~ ac-
tive stocks at close Thursday was 1870
~, decline, 10 compared with Wednes-
days close. A year ago the average
was 106.3S.
Butte, Mont.-The mining companies
have notified the miners and engineers
that the companies will take no part
in and will not be drawn into the fight
between the Miners Union and the en-
gireers who seeded from the Western
Federation of Miners.
N. Y.-The sale Of a seat on the New
York Stock Exchange at sS5,ooO na,
been announced. 1t also has become
known that Harold II. Weeks, former
Columbia football player and once :.
member of the Stock Exchange, at
CURED q scat.
Boston-C. II. Paine, formerly of
Paine. Webster & Co. died at tin,
Massachusetts General hospital at -,
Last night from kidney trouble. He
was in his Seth year.
PittsburS American Sheet e TIT
Plate Co. has advanced price of blue.
annaa1ed sheets 81 ton Independent
concerns have also advanced prices s.
Il ton on the black and 50 ton on the
galvanized product
Boston--F. a. Dury. president OF the.
Ne rchants National Bank of Worces>
ter. and one other person have ind,-
vidually bought controlling interest
in the stock of the Millbury Nationai
Rank
f. +. Hutton & Co.-The trend or
values is toward higher level Though
sharp reccssions will be encountered
occasionally as result Of manipu-
lative operations by insiders.
notwithstanding treasury has decid-
"a that the old tariff law that permits,
antlmony and zinc ores to be smelteo
as in bonded warehouse still stands.
The new tariff law only mentions lead,
and those having anthony and zinc
smclters We're concerned less their
smclters be not accorded similar bond
Warehouse privileges as lead smelters.
rms ruling puts all or like footing.