Maine elvers could bring $50 million

Maine officials say this year’s elver harvest could top $40 million.

Fishermen this spring received $2,000 and more per pound for the tiny translucent baby eels that make their way up Maine’s rivers each spring.

The Bangor Daily News reported that Department of Marine Resources Commissioner Patrick Keliher told a regional fisheries panel last month that the value of the 10-week fishery could end up being $40 million to $50 million.

At that amount, elvers would be Maine’s second most-valuable commercial fishery by far, behind only lobsters and ahead of the combined value of clams, shrimp, herring and scallops.

A worldwide shortage of baby eels caused prices to skyrocket this year.

Dow, S&P drop, Nasdaq rises

Stocks zigged and zagged after reports that the U.S. economy is weakening at a time when China and Europe are also slowing.

The Dow Jones industrial average closed down 54.90 points at 13,035.94 on Tuesday. The Standard & Poor’s 500 index fell 1.64 points to 1,404.94.

The Nasdaq index bucked the losing trend, gaining 8.10 points at 3,075.06. The index’s biggest stock, Apple, rose $9.73 to $674.97 after Apple invited reporters to a news event next week.