Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1909-12-21

Increase OF 81 per cent. In 1905,
IT'D Ayeka &c sNfsgf Of 90 active stocks
att the Sfdse SaturdaytsNas 10s. 03, AN

increase OF 81 per cent. In 1905.
g'Tlh AvkagcvffdgF Or tgosactive stoclSs
att the efdse Saturdayt'@as 1Oso3, jan
advance OF 80 compared with Fridays
close. A year ago the average was
1920.
Pres. Winter of Brooklyn Rapid
which is being put into operation for
the benefit of employees:
Il don't know what the annual cost
to the company will be, but it will not
be large in relation to our aggregate
payroll Rather too much attention has
been given this matter when its i'm
portance is considered. The scheme is
not entirely philanthropic; it is good
business and only fair to faithful en-
ployes to make some provision for their
welfare after they have become inca
pacitated by age or Illness"
Strength of Louisville &; Nashville
stock is principally due to growing be-
lief that shareholders are soon to re-
ceive valuable rights in connection
with a stock increase.
There is now S6O,000,000 stock, of
which only s29, 100000 is owned outside
the Atlantic Coast Line treasury. There
will probably be an increase Of $40
| 100000 when plans for improvements
are completed. If new stock were all
Offered at once it would mean that a
holder of three shares would get sub
scription rights to two shares and is
suing price Will undoubtedly mean a
rich distribution to Louisville holders.
Hunt, Ellis Cu.-Thc increase in tho
Reading dividend from a 1 per cent. to
Il rnr cent basis is taken as a fore
runner Of what is still to follow in the
case Of other roads. 1t heraldS a peri
cd of growing profit and increased dis
burscments. 1t is hard to believe that
the market has as yet discontinued all
these factors, ard Il higher range OF
prices can be confidently looked for.
WaShington-Thc corporation tax regu-
lationS will be enforced commencing Jan.
!. Secretary MacNeagh considers the
matter settled, unless the President should
order recall and revision. Assistant Sec
rotary HilleS, under whose supervision
the regulations We're prepared, has no
reason to believe they will not then ne
put III effect. Internal Revenue Commits
sioner Cabell has received no intimatlon
that the regulations Will not become "i
fectivc Jan. next. and collectors will
| be expected to enforce the law under
present instructions.
Washingtorl-I in national bank
circulation for the past week was S3lo o4p.
ELY Nevada-Thc encountering of ore
at a depth of 1868 feet in the Emma sinai
of the Boston-Ely Mining Co is regarded
| as one Of the most important occurrences
in Il mining way which have ever taken
place in the ELY district The strike
proves the existence of ore under the
lime and thus greatly cnlarges the bound
aries OF the ore-bearing zone of the DIS
triCt.
PhiIadelphia-Th only settlements
which have been made by Pennsylvania
Railroad affecting wages of cnSlnemeh
are some small adjustments, local in
their nature, and of no slSnlhcance as
bearing on general labor questions.
Houghton, Mich.-Mining Engineer fes-
ing of the Lake mine was recent visitor
at the Hancock mine. and IS quoted as
saving that the recent showing IN Han
cock is quite the equal of the average
showing of Lake. though the greater
width of Lakes lode is a feature much
in its favor. For a distance of 800 feet at
the 18th level. the showing is most re
markable. Drifting at the Zlst level Is
now under way
Ioughton. Mich.-South Lake No. :
drill has been rugged up just west of the
Lake shaft, whore an attempt VIII be
made to pick up the underlay of the Lake
lode believed to lie in that territory at
depths variously calculated at between
1900 and a0GO feet Work will be watched
with interest by local mining men TO
whom the Lake lode is much of puzzle.
and may serve to bring correlation OF
this lode with the several SO-called 'Ad-
venture lodes. as we'll as lodes tapped in
drilling by Indians and North Lake, in
the OF her direction.