Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1910-05-17
Days Financial
News and Gossip.
May 16. 1910.

May 10. 1919.
ChIcago-Stock Exchange governors
are considering restriction of board
and tape quotations to 10-share lots or
more, recording smaller lots only on
the books The purpose is to prevent
misleading quotations, especially i'm in
active stocks. Small investors are un-
duly impressed by quotations on a few
shares, sometimes made for effect near
the closing hour.
Demand for funds for the interior is
steady but less pressing than a few
weeks ago, but no appreciable tendency
towards easier conditions has been OBJ
served. Deposits lower than shown at
the last call for conditions. Con-
tinued cool weather mas restricted sea-
sonable merchandising. while active
farm work, especially planting OF corn,
has delayed the movement of livestock
and grain. A slightly lower range of
money rates is expected later in the
month. but a firm money market is
likely to prevail all summer, with
gradually hardening tendency as the
new crops are harvested, and tight
situation in the full is predicted.
New York-Earnings of United Dry
NoOGS w., ttSSoCldttu htiClldltS ".
and II. B. Clalin Co. for the current
season are steadily running ahead Of
last year, in face of bad conditions in
the dry goods trade generally. All
present dividends it is said are being
earned, and there is no fear that the
existing depression in the drygoods
situation will cause any curtailment
in disbursements to stockholders. Pres
ent conditions ave regarded as only
temporary, and better business is only
a question of short time.
Salt Lake-Daniel c. Jackling, gen
eral manager of Utah Copper, Ray
Consolidated and Chino, who has just
returned here from New York says:
The copper situation cannot be said
to be very encouraging. yet | can see
no reason to be apprehenSlve of the
future. Too much has been said lately
about the flooding of the markets with
copper from the porphry mines, and
the Impression has gone out that there
is practically no limit to the possibili
ties of such production. In this. con-
nection it should be borne in mind that
not "a new porphry has been discovered
in the last generation; and with tn"
tACtUtlcu VI diloIIs Wv urN'lpI-
ment of no new one has begun in tin"
past three years. The disseminated
ores of Bingham, Ely, Globe, Ray and
Chino have been known for many years
to exist. The probe y of successfully
treating them is +. ativefy new. and
since it has been de-. nstrated that
they can be commercialized. this and
other countries have been secured for
similar deposits, without success.
Chicago-Jlnited Railways OF Chi
cago. a new corporation combining the
traction lines on the
North Side, will ask for a Cougar
franchise like Chicago Railways. West
Side lines of Consolidated Traction
must make negotiations separately.
Elevated presidents discussed two
through-routing plans with Engineer
Arnold, who will make recommended
tions to the mayor this week.
New York-Frank B. krech, Alexan-
der Gilbert and +. n. Is. Close as COM
mittee invite holders of first and see
ond mortgage bonds and both classes
of stock of Columbus g. Hooking Coal
& Iron Co. to deposit them before June
] with the Bankers Trust Co. while
the committee works on plan of re-
Washington-The first cotton report
of the department of agriculture will
be made public June 2, at noon, and
will give estimated acreage planted
this year and conditions May %. a
summary of the June grain report will
be made public on June s at $50 p. NJ
1t will give preliminary estimate of
ley, and condition June l OF winter
wheat. oats, and barley. rye and hay
June 3, a supplemental report will COW
er condition June 1 of minor crops.
"BEACON."