Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1910-05-10

, n 7
We crosscut it in the leached zone for
$50 feet without reaching the hanging
wall. Seven hundred feet further e,e,
on the same level we crosscut i'm good
ore for So feet and IL is still in orc
Fifty tons of this ore have been gam
pied and show I per cent. copper and
about 81 in gold, with some silver
values"
New York-In the United State
Rubber report Pres. Colt says: The
past wear on the whole has been H.
most prosperous in history OF the com
pany. Sales by United States Ruabo,
Co. and it's subsidiaries. as also hv
Rubber Goods Manufacturing Co ana
Canadian Consolidated Rubber 70
Limited, We're larger than in any pre-.
vious year, and net profits were great.
or.
United Box Board Co. reports for tbo
year ended March 70: Gross s2a2 COZ.
net $1iS946; deficit after charges s,o
$40.
Chicago-Atchison's April carIoad-
ing Increased II per cent: tho Inc,
week of April increased only ror
cent. but was the heaviest of ,ba
month. Leading has averaged sbout
the same weekly for two months ~
Stacking this month is seen or ipd;
Gated.
New York-Jones & Laughlin steo,
Co. reports demand for its products is
brisk. Specifications against contracts
are coming freely, and new business
is being received daily. A representa-
tive of the company says that from
his point of view. the underlying con.
ditions of the steel industry are sound
and prospects for 1910 bright
Chicago-George NJ. Reynolds, Just re-
turned from New York says: Wall
street bankers are blue, but other bank
ere are optimistic. Conservation is the
watchword among men, but the financial
structure is sound, and there is no
ground for fear on that score. Politics
has caused great deal of hesitation.
but that is only one factor, and it has al
why's proved z more or less disturbing
element. So far as | can see, the occa-
sion for drawing down balances by
country banks is due to three causes.
land speculation. restricted movement
of the old crop and the fact that new
mortgages have not been arranged yet
to replace old loans. Ii was expected
on the first of March that within three
weeks there would be turning over of
farm loan accounts, but the tirming up
of money deferred that operation"
New York-GeneraI Passenger Agent
Fort Of New York Central says: There
viii he m increase of passenger, fares
hut Their" is no knowing when the
change will take effect nor how large II
VIII be. 1t is evident that we must
raise some of our rates. but the in
crease will net hin our patrons heavily
nj all 1t is possible that some rates
will not he raised AZ all"
Boston-A well-postcd copper man
who has Just returned from :, trip
through the NaugdiuCk Valley sums up
the situatior as follows, None of the
M, nufacturers have much copper on
hand. They have been buying DIS their
needs required. They all realize that
copper at IL = cents is cheap, yet they
will not commit themselves for large
tonnages because they believe that cop
per may me nbtainable a little later at Il
lower figure"
Jones Il Laughlin'G tin plate capacity
is sold up to Sept !. The other depart
mentS of the company are boxed for
three or four months to come. even If
another order was not received in tn"
meantime. Demand for steel bars ~
exceptionally brisk. Structural material
is not so active as other products. but 4
buying movement is expected to start
for this class ut any time.
Chicago New York Central lines COM
bined April car loading was 9l9,315 cars
or 7O.S5O increase; Lake Shore "a ,2J3,
increase IS S44.
New york-kuhn Loeb II 60. and
Speyer & Co, announce thaat they have
concluded negotiations with the Balti-
more & Ohio Railroad Co. covering $40,
600 OGO Baltimore & Ohio Railroad Co.
three-year IL per cent. secured gold
notes part of an issue limited to $50
O0O, 900, the rema lining S10.000,000 being
reserved to retire the companys one
year notes due next March. The notes
will he dated June |. 1910, and mature
June !, 1913, the company reserving the
right eff prior REDEMPTION at part end in
terest upon any coupon day on go days
previous notice. The entire issue OF
notes will be secured by deposit of s2S
goo 600 Baltimore & Ohio Chicago Termi-
nal & Railway first mortgages per cent
bonds. $4,000 900 FIRST preferred stock
of the Reading CO.. $14.0Oo,ooo second
preferred stock of the Reading Co. ana
s1o.OOO.OOO common stock of the Read
ing Co. ,r..
"EEACON"