Daily Kennebec journal., 1910-04-23
Days Financial
News and Gossip.

The management of the Indiana
Mining co. have daily expectations Of
cutting the lode with their No. and
No. 6 drills. Progress in sinking these
drills has been delayed of late by the
striking of feliste which is very hard
and retards the progress of the dia-
lnond drill.
New York-The directors OF tie Bos-
ton 4 Montana Mining Co. have de-
clared a regular quarterly dividend oe
So and 81 extra. The directors of the
Amalgamated Copper Co. have declar-
ed quarterly dividend of so cents.
payable May 30 to stock of record
April 80. Three months and year ago
80 cents was declared
While new business shows a marked
falling off. compared with March, all
mills are actively employed, and there
is no reason to expect a recession of
consequence SO long as order books
contain tile volume Of tonnage report
ed at present. Heavy plate mills have
sufficient business to keep their plants
in operation for two or three months.
and tin plate mills are booked up we'll
III the latter part of September. Steel
bar mills have enough business to keen
III operation for three or four months
Structural steel and rail orders are
satisfactory, but there has been some
shading of prices in the former prod
uCt.
Fort Dodge. Iowa-Prcs. Bennett of
the Commercial National Bank of this
city. says "OutIook for business ana
crops in North Central Iowa and in
no. ~
satisfactory and encoura ging. The sea-
son is unusually early. This is an agri-
cultural section. devoted largely to
raising stock. corn. oats. dairy prod
ucts aud poultry and prices obtained
are very encouraging to farmers. Hogs
bring SO d hundred; poultry 90 cents
pound; cattle SIS: horses $500 apiece;
corn 50 cents: oats 45 cents There are
- manufacturing industries here and
all arc prosperous We are optimistic
rs to the future. Business is good;
money plenty and labor employed at
good prices"
New fnrk--SpriuG wheat acreage last
year was 1898 600 acres. and Weld
291,oo0,000 bushels. The crop this year
in the Northwes tern states is now
practically seeded, and much Of it is
growing rapidly. Although a larger
acreage than Il year ago is expected
it's durum wheat is sown less generally
this year than formerly, while other
grains seem to be taking its place In
Dakota and Montana many new dis
trcts for first Year grain crops have
been opened,
The average price Of 20 active stocks
at the close Thursday Was 12367, an
advance of .oS compared with Wednes-
days close. A Year ago the average
was 123.S5.
Vice Pres ident Feusman, of Interna-
tiona' steam Pump Co. says the un-
settled conditions of Washington have
had o directly unfavorable effect lipun
earnings Of his and other companies.
up TO last fall" said Mr.. Feustman
Our business was steadily increasing
at an unusual rate. At that time the
advance ceased and We have been oper-
ating at about the same level ever since.
Our business is good, but We think that
If the tobacco ana oil decisions had been
settled we would have experienced a
further increase.
Roston-R Nj, Edwards Of Houghton.
Mich. is in Boston. He SAYS regarding
Everything at the mine is running
along smoothly with all the openings
in good ground. Just at the moment
the Fifth Level South is showing UP
particularly well, although the drift
is in only so feet from the shaft.
New York-ln connection with the
proposed reorganization Of Teft-Wel-
Ter Co, one of New York's largest dry
good houses. an advisory board has
been formed. consisting of a. D. Jul
lard. of A. d. Julliard Il Co. Cornelius
n. Bliss of Bliss. Fabyan Co. William
De F. Haines, of Lawrence & Co. {.
L. Bausher, late of c. l.. Bausher d CO..
and Woodbury. Langdon of Joy. Lang
don & Co For the time being their
purchases will be confined to small
amounts, merely filing in
Chicago-A new passenger route cut
ting the time of entrance into the city
half an hour, has been secured over
the Fort Wayne tracks The OLD route
will he continued for freight.
Chicago-Pres. Harahan will call q !
speciaI meeting of Illinois Central dt-
rectors within three weeks.