The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-01-09

The pit of the exchange was filed
with brokers yesterday and there was
2 larger assembly in the lobby than
for many months past. In fact, it was
crowded and standing room was at a
premium, SO great was the interest
manifested in the mining stock mar
ket
AS a general rule the bear element
ruled in the transactions on the floor
of the exchange although some of the
stocks resisted the bruin attack and
stood firm at the figures of the pre-
Vious day or made swift advances.
The latter class was confined very
largely to the unlisted stocks and it
was in these that the interest of the
call was centered, as the listed securi-
ties failed TO make a transfer.
Ajax was u favorite with the deal
ers and made gains of cents in the
bidding Bullion Beck declined in the
bidding as well as in the offerings; in
fact il was very weak and inactive.
DAILY West, on the other hand, was
in good demand and made steady gains
in the bidding while -Four Aces was
general favorite and closed strong at
the quotations given below. During
the past few days there has been a
gradual rise in Dalton & Lark and
there has been steady inquiry for this
stock Galena and Geyser fell off
little in the bidding but maintained
their own at the usual offerings. Mer-
cur, although in good demand, ex
hibited no change in the bids and ask
ings. Mammoth, however, suffered
from a bear attack and was badly
knocked out at the close of the call.
At the wind-up this stock stood at
1928 bid and $3.50 asked. Silver King
was practically unchanged but firm at
the figures of the day before.
There was considerable excitement
during the call of the unlisted stocks,
which were fairly active, and the
stocks made an excellent showing at
the close with no wallfiowers among
them
South Swansea, as if in sympathy
with the slump in Swansea fell off a
few cents in the bidding as we'll as in
the offerings, but no sales were re-
corded. Dexter was a little slow in
the bids but the stock was firmly held
at the former offerings. The bears rail-
lied for another rush on Swansea, but
the attempt was futile and the price
was advanced to $3.50 in the asking,
Notwithstanding that the highest bid
was only $3.50 Buckeye drew out ia
vorable inquiry and held it's own in
good shape, while the same can be
said of Sunbeam. The business of the
call was confined almost exclusively
to Northern Light,> and the bidding on
this stock was warm and active. AS
on the day before, an effort was made
to slaughter this security with but in
different success, and vet the stock
was pushed down a few cents and
sales We're recorded all the way from
So to ST cents. Valeo was weak in the
bids. but buyers were Sc far below the
selling price of the stock that their
bids should not be considered in any
light as a quotation, and il is we'll TO
say in this connection that the frivo-
lOuS bids that are made on the floor
OF the exchange are highly detrimental
to the usefulness of the institution.
Ben Hur was called for the second
time yesterday and chronicled a sale at
II cents, and it is fair to presume that
the stock of this company will yet cut
quite a figure in the dealings in the
pit. Homestake was strong in the bid
ding, but none of the stock could be
secured under the asking price.
The transactions of the day were as
follows:
SALES OF STOCK.
500 Little Pittsburg at IL cents.
200 Northern Light at So cents.
200 Northern Light at S315 cents.
400 Northern Light at "a cents.
LOCO Ben Hur at II cents.
Total sales. 1900 shares.
Value of sales. $7S4 so.
The closing quotations were as fol-
lows: