Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1910-03-16
Days Financial
News and Gossip.
Marcll u. 1910.

Boston-During the past decade,
| from 1898 to 1909, remarkable ex-
| pansion has taken place in the opera
tions OF the Missouri zinc and lead
! producers. 1t is figured that the
smelter output of the Joplin District in
| 1909 amounted to 26S,2l5 tons, an in
crease OF nearly 1873 per cent, over the
1889 tons reported for 1898. The
producing companies received 3$14,5I5.-
900 cash for their product in the later
year. representing 107 per cent. more
than the $7,17LS14 realized in 1898 Nj
| In point of tonnage sold and gross
receipts the fiscal year of National
| lead which ended December 81 last was
| the best in the history of the corpora
ton. Net profits were very close toi
So 900 900, a figure which if actually
attained would prove high record
In 1908 the company earned $2,902,752i
net and in 1907, its best year $2,942,-
| 245. In anys event the balance for theS
$40 1863. 900 common stock was slightly
less than 6 per cent against 5 per
| cent being paid.
Hunt Ellis Il Cor course. the
bears are making what capital they
can out of the pending Standard on
and American tobacco suits but iohe
consideration of these questions mas
impressed financiers with the fact that
property rights will not be destroyer
by any decision Of the supreme court
that values viii iilUt he permanently
impaired 'tE
Boston-Therc does not appear M
minent in the very near fntrc an cx-
traordnarily large increase In copper
production from mines in foreign couh-
tries. although mining engineers oil
world wide rcputc state that with SUI
liccnt development the next decade
will bring to light large and profitap'r
copper mines The exploration OF
Africa by English companies. Germans
and the American syndicate when haS
large concessions in the Congo y
bound to result in copper deposits o'
value, while Russia, which already has
some shipping mines, is also expecteu
to make name as copper producer
New York-Cotton sight receipts for
1872 DAYS were 9,O36755 bales, the
smallest in four years. Exports 10
date are 4626.73O bales. compared win
6.759,436 last year, a decrease OF 3Ls
per cent.
Pittsburg-Pig iron continues 70
show q slight declining tendency. FOR
lowing sale of 1900 tons of Bessemef
10 two steel interests at 2 cut OF ~
little over Is cents from former price
of SIS, valley, the cut being made ~
interest allowance" there is reported
a sale of 1900 tons of Southern iron
for nearby delivery at $3.50. Birming-
ham. so cents below the last authenti-
Gated sale.
Observation-Disclosures drill operations
viii start on Wednesday at the Hough-
ton Copper Co. in order to locate ing
Baltic lode and determine the site ioi
the shaft.
New York-Although the business VI
Jones & Laughlin Steel Co. showed
slight falling off in January, February
and the first half of this month nav
shown material improvement. WIN
good weather the management antfo
pates some large contracts in April
Edwin Hawley says Chesapeake
Ohio will take over Hooking VaIiey'
and Lake Shore will take Toledo
Ohio Central, but that papers nave no'
yet been signed. A director OF hana
VIVA & Michigan says this ROAD Aso
will probably be taken over eventual.
by Lake Shore, and that tram.
agreement will be entered into for no
use as a feeder for the Hooking vane.
as the latter obtains over IS per CEN
of it's coal tonnage from Kanawha
NEtot.;o