Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1910-04-26
DAVIS Financial
News and Gossip.
Boston. Anril %. 1910.

one Of the most important members
| of the Copper Producers Association
confirms the report that the monthly
figures giving production, stock on
hand. deliveries, exports, etc. will
probably be abandoned in the near flu
ture. The matter is now under consid-
Grafton.
The possibility of a contest for con-
troll of the New Dominion Copper Co.
at the stockholders meeting in June
has oeen eliminated through the resig-
nation of Directors julius Lewisohn
and Julius Susmann representing the
Lewiston and General Development
Co. interests.
Savannah, Ga.-A United States
grand jury has been drawn to meet
April 81 to probe an alleged local cot
ton pool.
ago-International Harvester Co.
has declared a regular quarterly divi-
dend Of IL per cent. on the preferred,
payable June to stock of record May
10. .. -...
Boston--The directors of the May
Central Copper Co. have decided to is
sue at once 100000 bonds President
julius Lewiston says that the mini
mum ore tonnage in sight was 7,50O, 900,
as reported by MIR. Charming last
/ January. 1t is.considered probable that
Mr.. ChanningS report. Wien ready in
a few weeks, will show a greater ton
mage Proceeds from the issue of this
100000 allotment will amount to 49,
900, as the bonds were underwrittcn at
so. Banking houses have already bid
al 70
effected. &c.,.
Gross scales of the American Soda
; Fountain Co. for the seven months to
March l. were % per cent. larger than
for the same period in the 1909 fiscal
year Not only did gross business in
crease. but there was an even larger
percentage of gain in net profits. due
! to economics of operation. At present
| the company has no floating debt. the
approximately s350,000 which it was
carrying last fall having been all paid
| off. The management expect that the
fiscal year to end Sept 80 will make
the best showing in the company
history
| New York-Higher silver prices arc
1 expected eventually to be reflected in
! increased earnings for American
smelling & Refining Co.. chiefly in that
broarder demand means an increased
outt,rn. Smelter's fiscal year ended
April 30 will show close to last years
results. when 7.6S per cent. was earned
on the common. Average of metal
prices has not varied sufficiently t.
materially change earnings.
Posfon-Gila row has in DEVELOPED
and rartly developed ore Il. 426. COZ tons
averaging 1905 per cent. or this
amount drill holes 200 feet apart have
Put into sight 14.9S5.O tons averaging
2'4 per cent. during the month. while
tonnage OF partly developed ore re-
mains unchanged from a month ago
at 45l.5I6 tons averaging LA per cent
| Washington-The Republican con-
gressional delegation from Ohio at a
conference with President Taft ad.
journing at 1890 this morning, assured
the President of unanimous supporI
tor his railroad bill. anti-injunctior
measure and postal savings bank.
Calumet. Mich.-The Superior G
PittsSurg's junction shaft is shown.
up well. No. Is crosscut on the l50O-foo
level has penetrated 80 feet of high
grade ore. running better than Do
cent. copper. No. u crosscut is 200 fee
q long. practically all in ore averagin:
to per cent. copper. The Briggs
: shaft is now bottomed in ore carryin,
s per cent. copper, and for 20 feet il