The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-01-14

Swansea suffered a bad break yes
terday and for a while it looked as if
the stock would so to the eternal
bow-wows.
Starting at $40 bid and $40 asked
on the floor of the exchange at the
morning call sales were made at $40
and 81 %, and then the break occurred
tha6 sent the stock downward with
wonderful rapidity. and at the close the
highest bid was only $1.771s.
The slump in this popular security
caused great excitement in the pit and
many holders of the stock in the lobby
looked at each other with blanched
faces and from all appearances some
of the stockholders appeared as if they
had suddenly been bereft of their little
all. On the floor there was also con-
sternation ana surprise and at the end
the buyer was almost afraid TO make
a bid for fear that the stock would be
unloaded on him at his own figure,
however low and ridiculous. After
the call, however, the stock recovered
a little lost ground and bids of $50
were freely made.
A bearish tendency was noticeable
throughout TIL call, and yet a few of
the stocks recorded advances Anchor
travelled in this class and made ad-
Vances, while in the offerings holders
stood out for better figures. Bullion
Beck was the strongest of the listed
stocks and experienced an upward
movement, nearly touching the 81
mark, while in the offerings advances
We're also noted DAILY West was firm
and in good demand at advancing quo
tations. Galena and Geyser were in
active and were weak in the bidding
Mercur failed to excite any enthusiasm
and was dull at declining quotations.
Mammoth was strong but stationary
at the quotations of the previous day.
All of the transactions OF the call
were confined to the unlisted stocks
and these furnished most of the in
teresCine features of the day. Dexter
which was slumpy the day before, was
firmer and the offerings were at adj
Vanced figures. Dalton was quite ac
tive and made a good showing in the
sales list South Swansea was not ac-
tive in the bidding, but the stock was
firmly held at 81. What influence the
fall in Swansea will have on this
security remains TO be seen, but it is
believed that the decline in both of
these stocks will be but temporary, as
they are properties of merit and great
promise and ii Will be hard TO keep
them down for any length of time.
considera BILE inquiry at a slight advance
over the bidding of the day previous.
Northern Light held its own in good
shape at So bid and S615 asked, al
though on the streets before the call
sales were made at figures above the
asking price on the board Buckeye
was wanted but at a slight decline.
The stock, however, was able to main
tain it's own fairly well.
On account of the excitement that
attended the bear attack on Swansea
but few of the unlisted stocks were
called and a number of favorites were
overlooked by the brokers.
The transactions of the day were as
follows:
SALES OF STOCKS.
100 Swansea at $40
100 Swansea at sos.
400 Swansea at $780,
200 Swansea at $1.S5.
1000 Dalton at 2l2 cents.
900 Dalton at 23s cents.
1000 Richmond e Anaconda at IL |
cents.
Total sales. $500 shares.
Value of sales, $1,663.75.
The closing quotations were as fol- !