Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1910-06-03
Days Financial
News and Gossip.

I'pSloll, June =, lJIh.
On May 2S last, the Lake Copper 60.
had outstanding $4,000 shares. This
stock vas distributed among Az n,ll-
Vidual holders. Not quite 60 per cent.
of the total outstanding capital stands
III the name of IA Stockholders, al
though of course the brokerage hold
ings represent the scattered ownership
OF various clients. BY far the largest
StOckholding interest is Fitzgerald.
Hubbard K Co. who represent l6 4g6
shares or 10 per cont. Of the total. OF
this amount 15l41 shares stand in the
name of their stock clerk, John J. Hill
and 1880 shares stand in the firms
name.
Philadelphia-The Pennsylvania Rail
road Co. has filed with the Interstate
Commerce Commission new tariff of
fares betWe en- points on the eastern end
of its New York division and New
York This tariff. which will become
effective July /. shows slight increase
III the cost of regular communication
forms of ticket as well as in som"
forms of "ne-way excursion tickets.
misunderstanding the abominablr
trolley weather last month the May
gross of Massachusetts Electric Co.
showed a satisfactory increase The
actual gain for the month was $3l COZ.
or per cent. which compares with an
April increase of $50, 800. or 9S per cent.
n March gain of $50, O6O or ne per
cent. and February increase of $50
loo. on 10 per cent.
New York-"Ths country has lived
through some stupid things: | hope it
can live through this" Such was the
answer made by James j. Hill when
asked for an opinion on the govern
ment's action in bringing a restraining
measure against roads of the middl"
West in their effort to advance freight
rates. Mr.. Hill seemed disguised with
the administration summary dispo-
SitiOn of the new tariff. He was cheer
full on everything outside the political
situation. He had just returned To New
York after several weeks in St Paul
and the Far West Mr. Hill was accom-
paniCd on the trip to the coast by
Charles steel, George f. Baker and
number of Western railway officials.
and the party made Il thorough inspe"-
ton of the Great Northern lines. The
thoroughncSS with which the visitors
covered the ground gave rise To
story that the bankers would soon
bring out pew issue of securities for
the Great Northern and Northern Pa
cific.
Boston-The Bay Consolidated Cop
per Co. expects by Jan. |, 1911. to be
treating 5000 tons of ore a day in us
new mill.
New York-The average price OF :"
active stocks at the close Wednesaas
was 1882 decline of 1,30 compare"
with Tuesdays close. A year ago t'le
average was 127.14
Boston-General Electric orders 1or
Nav for the first time this year ieil
below the $40 1000 per annum marx
The recession was not very great do
compared with April but following the
decrease of April over March business
the conclusion is irresistible that the
recession in general business mas
last made some impression upon the DIX
order booked by the great electr'N'
companies. In March General Elec-
trio sales come in at the rate oil owe
$50. OOO, 900 per annum. April orders W.
at the rate of about $72,0OO,OV, Wli''
Nav business dropped to an annuai "
tai Of a little over S69,O0O,0O0
Before starting for four -moi''n'
E,,ronean trip, Daniel Guggenheiin
said: ITO remedy unsettled conditions
would suggest: The discontinuing y.
the hating of corporations; The SAFE VI
American securities in Europe, esp
cially to people of a country
L,rance. If American securities are SOU
with dividends and all transfers h'aoe
IN France our certificates will become
permanent Investments there. 80
crops, too, will help. The crop ou.o
Ii tifrFy0d}4Wykt iA&AfeAesy aso
Sh,eI 81 80 BEACON.