Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1910-03-25
Days Financial
News and Gossip,
Boston, March "a.

Boston, March "a. 1910.
The treasurer of Braintree, . Mass,
received pids until $50 A. NJ. today for
temporary loan Of $4,000, maturing
$4,000 Dec. 49, 1910. $4,000 Dec. %, 1910.
The award was made to Blake Bros. &.
Co. at 1867 per cent. discount; Loring.
Tofman d Topper bid ass per tt'ip dis
count.
New York-Financial arrangements
are pending for opening the Shacka-
maXon street plant of Pennsylvania
Sugar Refining Co. The refinery has an
output of about 1000 barrels daily. 1t
was never operated. the stock passing
into control of the Sugar Trust.
The Porcupine Consolidated a are
making preparations for extensive
work in the spring upon their proper
ties just south of the Miller and Will
son groups. This company is one of
the w s. Mitchell companies. who
has been identified with Cobalt since
it's discovery six years ago. The Mitch
ell properties in Cobalt have been very
successful. The Townsite Mine and
Casey Mine are the only two Cobalt
mines listed on the London Stock Ex-
change, England, and his Airgi0d CO.
| Dtll M1HC Has Recently DttD ooib,
the first payment of $4,000 made this
| last week. This Porcupne district Is
| the spectacular gold camp that has
been discovered within the last few
months, where the first shipment of ore
| was produced within approximately 30
days of the date of original discover.
This first shipment of ore was taken
from the Hcilinger properties, which
are owned by, the .Timmips Bros, who
were also. pioneers in the Cobalt coun-
| try. Both thee 17'immins properties and
Mitchell. properties in Porcupine will
b. the. scened~of considerable activity
this srring-G coIa ~ sei'eeGltFFi
I Houghton, IMich.-The expected de-
| velopments in Indiana No. 5 drill hole
have not yet materialized and it is CAL
culated that further depth OF proba-
blv 800 feet win be necessary to bring
a disclosure of the lode cut with such
sensational results in the No. discov-
ery hole. The No. drill hole about 300
feet next south is expected to cut TINS
lode at about the same time.
New York-Pres. w. f. Corey of the
United States Steel Corporation will sail
for Europe early in May.
Daniel Guggenheim will return from
Europe this week on the Lusitania.
New York-With an average loss of APP
proximately 100000 passengers daily
since the strike, Philadelphia Rapid Tran
sit for the year ending June 30. 1910, Will.
as in former years, show large deficit
due to labor difficulties. ~"
New York-The $100,000,000 stock OF
Standard Oil Co is estimated to have
book valuation at present of close to $SO0
share. As Standard OIL Co. places an
infinitesimal value on its pipe lines.
steamships, tanks, etc., it would seem
that an estimate of $500 book value was
conservative to an extreme. and that this
valuation is confined largely to net liquid
assets.
New York-The following exchanges
throughout the country will close FRIDAY
and Saturday of this week: New YORK.
Boston, Philadelphia. Chicago and New
Orleans Stock Exchanges; New York ana
New Orleans Cotton Exchanges; New
York Produce Exchange, and Cnicaso
Board of Trade Canadian exchanges Will
also close. tX
Boston-During the past year the mine
of the Montezuma Copper Co. of Phelps
Dodge & Co produced 5l7.927 tons OF oI
which ranged from o. per cent. on the y
level to 23.6 per cent. on the AGO. 4i.y p
cent on the 200 level and 25.3 per ceN'
IN tho G30