Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1909-08-19

G5s, 100 from 1903 is one indication of the
return of prosperous business conditions.
The 1909 value, however, is Sl6,IS9, AGA be-
| low the figures for 1901
| La Sale is securing an exceptionally
| fine showing of copper at the 18th level
| in the Tecumseh shaft. The copper
| ground for several shifts past has been
| hard to drill on account of the heavy
rcpe-like character of the mineral at this
point. In consequence of this, miners
working on contract are generally retus-
ing to work in it on other than company
| time.
The average price of 20 active stocks at
| the close Tuesday was 1881, decline, "
\ compared with Mondays close. A year
| ago the average was 1868
| Secretary Ellis of the Missouri State
Board of Agriculture says: Despite esti-
mated loss of more than $l4,WOOUO from
| overflow, Missouri's crop for 1909 bids fair
| to smash all records except the bumper
yield seven years ago. The condition of
corn in Missouri is II per cent above
the 1o-year average, enough to make up
| up a few million dollars more than for
| 19eS, and this years oats crop is the best
! for several seasons
! Ar official of the International Paper
Co. says: We have no definite plans in
regard to building in Canada. The de-
Inland for paper this season has been bet-
ter than we anticipated, particularly in
| the West where we notice an increased
demand. Our Chicago business for July
was the largest July we have had since
the company was established. We expect
q good business this fall
Laurium yesterday broke ground for
the first of two shafts that will be put
down on that property. The shaft Is
sinking in the Kearsarge lode about 800
feet north of Tecumseh shaft.
| +. II. Hartman arrived here Tuesday.
He sails today for Cherbourg on s. s..
Kaiser Wilhelm I'd, and is expected in
New York Monday. Friends of Mr.. Har-
riman state that he has been greatly ben
Gifted by his European trip
| j. Parke Claiming, vice president Of
| the General Development Co. and the
Miami Copper Co., who has just arrived
| in this city after an extended European
| trip covering two months, says: while
| my trip abroad was purely for rest and
pleasure / had a good opportunity of OBJ
serving business conditions. especially in
| connection with the uses and consump-
| ton of copper. In England. things have
| been somewhat at standstill on account
| of the uncertainty of the British budget,
| but at the time of my leaving. business
| interests seemed to feel some assurance
and somewhat better tone prevailed
| The main event of the week in mining
circles in the Ely district has been the
visit of Thomas f. Cole and party, who
| spent several days in looking over the
property of the Giroux Consolidated Be-
| fore leaving the district, official announce
ment was made that the GirouX churn
| drills and proven the existence of steam
shovel ore bodies and that the Giroux
ores would be concentrated and smelted
| inson district or at some point in close
proximity to its boundaries. The Robin
son district is the legal title of the ter
ritOry in which Ely and it's mines are
located.
The New York Stock Exchange an
nounces that the quotation of Newhouse
Mining in the unlisted department has
been discontinued.
Fail River and New Bedford mills will
have about 39560i and 2,737 81 spndles
respectively by next year, including addl-
lions recently announced. The capital in
vested will be about $29000,000 in New
Bedford and $37, 100000 in Fall River
Copper prices shaded off yesterday from
132 to 49, cents for electrolytic. influenced
by the opening decline in the London
market, which was the result of the re-
ported increase in the visible, as shown
by the fortnightly statistics From the
destination and consignees of the metal
now being exported it is expected that
the visible of September / will show no
c''"''er gains of Importance over present
figures.