Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1910-03-30
Days Financial
News and Gossip.
Boston, March - 1910.

BOSTON, NafHn ~ l3lp.
WashinSton-On Friday April 5. at
aeon. the Department Of Agriculture
will issue report of condition on
April |. of winter wheat and rye.
New York-A Baltimore report says
Western Maryland directors will de-
clare d quarterly dividend Of per cent
| on preferred, payable April l..
New Notwithstanding that the
New York Central lines have raised
some S7000G.0G0 of new funds since the
beginning of 1919, it is apparent that
one or more Of them will shortly be in
the money market again. Not only has
The larger part Of the money already
raised gone to pay off the $50000,000
notes that matured Feb. |, but the cur
rent year will be one of extraordinary
heavy outlay.
Mr.. ". :. Mitchell. Of Boston, one
of the pioneers i'll the Cobalt Country
at the time Of its discovery six years
ago, is now making a flotation Of
company consisting of q consolidation
of some of the first discoveries in the
'"rcupinc country, the scene OF recent
rich gold finds.
Mr.. Mitchell has handled some of the
most successful properties Of the Go.
bait Country, several of them having
been handled in London.
Ills Cobalt Townsite Co, bought by
tie original Stockholders at ~ cents u
share within two years sold at SIS
share on the London Stock Exchange,
and his Casey co. went from some
thing like L. cents share TO S..
sale, just effected last week. Of the
Airgiod Cobalt co. which was another
of tn" Mitchell organizations. returned
something over 80 per cent. in profit
10 the owners.
The first interests taken in w S
Iilrh"lr& Cobalt properties have al
ways been taken in Canada of the
United States, then afterwards the
properties find their way 10 london
through his European connections, and
il is not at al unlikely that the Poycu-
rirc Consolidated property will event
ually nad it's way to the hands Of
London " Paris bankers. 1t is under
stood that negotiations are now pend
ing for The sale of 2 considerable block
If this stock i'm Europe.
'rhc Porcupine Consolidated Co, no"
being handled by this same interest it,
is expected will prove to he some of the :
most promising territory i'm the new \
Porcupine field. and expectations Of
early results are anticipated by the
owners. This is the first Porcupinc
property to he offered in the United
States.
Omaha, Neb.-Omaha is now the sec
ond corn market. being led only by
Chicago Since 1908 it has passed 81
Louis Peoria and Indianapolis. Last
year Omaha took second place in Feb
ruary and never lost it, although hard
pressed at times by st. Louis.
Globe, Ariz.-The Arizona CONNER
cal smeter resumed running yesterday
morning. after having been shut down
since March %, during repairs to the
water jacket.
OMAHA. Kruttchnitt and ErastuS
Young. representing Union Pacific N
terests, have resigned from the PachcN
Express Co, and Jay Gould and KING
don Gould were elected directors 70
succeed them F. c. tsontsch, genera.
superintendent, has been appointed
general manager, and also directU
to succeed s. d. Schuyler. The change
in directorate marks the end OF Union
Pacific interest, which formerly
amounted to 40 per cent of the s.ovs
BEACON"