Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1910-02-25
Days Financial
News and Gossip.
February "a, 1910.

FeDrudry "a, 1911.
Boston-The fiscal year of Central
Leather ended Dec. 81 was a season Of
astonishing prosperity The net profits
for dividends Of $4,917,935 We're $2,22S,-
$40, or 80 per cent. larger than for the
1908 year, and far and away of any re-
ported earnings in the history of the
corporation. OF course this should be
borne in mind-that now that United
States Leather minority preferred
stockholders have finally turned in
their stock for exchange into Central
Leather preferred it has been possible
to make a larger division of earnings
than in the old days when United
States Co. paid out but fraction Of
its actual earnings.
The proposed increase in the capital
and surplus of the State Street Trust
Co. from 100000 to $1,000,000 each
marks another step in the expansion
of the trust company business in Bos
ton. The new stock which will be Of
fered to stockholders at 5000 per share
will make the capital of the company
more in keeping with that of the larg-
er trust companies in Boston.
The large measure of prosperity
WHICH, Has COIlc " tilC WoISlSu anu
wooden trade in the past IL months,
and which has taxed the capacity of
the worsted machinery in this country,
has resulted in big earnings for indie
pendent manufacturers as well as the
American Wooden Co. We understand
that the Arlington Mills, the largest
individual consumer Of wool outside
the American Wooden Co., is at pres
ent earning at the rate of about 80
per cent. on it's old capital of sc, 00O. 900
which would be 221@ per cent on the
entire $S,00000O stock now outstanding
New York-Concerning a great rail-
road system like Atchison, whose pro-
gram of ACKNOWLEDGEMENT involves at all
times the expenditure of millions, there
is always more or less uncertainty re-
garding its future capital require
ments. 1t is apparent from the funds
in Atchison's treasury at present, how
ever. and bearing in mind the scale of
its extraordinary OUTLAWS in the past
and the principal construction pro-
positions on its hands at present, that
it is out of the financial market for
some time to come
Chicago-Crop damage reports re-
call the flood of winter killing claims
last year from the beginning Of Feb
ruary until the middle of March At
ter thawing and freezing, high winds
came from the Southwest in the first
weeks of March, with cold wave and
sleet and snow extending into May,
damaging the crop % per cent to 81
per cent. but the crop was the second
largest on record.
Redding, Cal.-The Shasta comfy
farmers have unanimously ratified an
agreement with the Mammoth Copper
Mining Co. whereby the famous smelter
fume controversy is amicably settled.
Globe, Ariz.-Two furnaces at the
Old Dominion smelter are treating be-
tween 500 and 700 tons of ore daily.
Nearly all of this ore is being hoisted
through the A shaft The average
percentage of copper is between and
Z. According to present plans. the
2300 kilowatt generator to be installed
in the smelter power house, will fur
nish power for one 2000-foo and an
other 3000-foot air compressor This
generator will also be relied upon to
parts of the mine where it is needed.
Butte, Mont-Butte stockholders of
Boston & Montana have received notice
of a meeting March 26 to act on the
proposition to sell everything the COM
pany owns to Anaconda in exchange