Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1898-03-31
why 50 CHANGEABLE?
,..,or EXPLAIN THEIR MOVEMENTS.


.r. in mining stocks generally
10 oaundary as to the actuai oon
arr ;" the local market, especiahy
o''.o" ,,es 10 Mammoth and Northern
s,ant For the past two or '"ree nas
LIS stocks have been guilty Oh huo
M. Of the strangest sort the LOT
's.r going down "like grass before nv
me. and the latter going up IKE
,avstack kindled by small boy
~ NE first match. Even those VINO
ars usually on the right side OF the
",arket plead ignorance as to why such
..,,,,s should be. and In their pieadihgs
- venture one thing and some an
- INIT neither, however, with GER
49,, that would lead the wandering
,,,rar TO take to any of them and
~. ~ down that such and such must
certainly be the reason
Far instance: Guossers as TO why
,,.r,uoth went down, attribute Its
.,.kv condition to the prospective pur-
.h.sa by the Mammoth company OF the
xaw East Tintic railway. road which
!, ia said would have no particular ex-
euse for living were 1t not Tor the
,,ss,c furnished by the Mammoth COM
NV Then again the wise men say
hat the company's mill is to be closed
aow, and that these two matters Will
,.u,,ate against regular dividend pay
r,ents to the extent that they Will be
on, off for an indefinite period, despite
the compnny's recent resolve to dis
,Ibute profits regularly every month
during the current year. and perhaps
n similar succeeding period. These
causes are said to have produced the
effects now so much in evidence, but TO
the probability Of either merging into
the materialistc, the company's OIL
GERS shake their heads and say: I'VE
know nothing OF it,
Northern Lights rapid advance is
more a mystery than ever. Only two
months ago the stock was burdened
with an assessment. which felled 1t
with suddenness almost paralytic.
In this condition the paper has re-
maned during the period mentioned.
and at one time IL fell as low as five
cents a share. with very few takers at
this figure. Now, however, the ASSESS
ment has been completely removed.
every vestIge Of It, and the stock takes
a turn for the better. Knowing ones
venture no particular reasons for its
sudden slant upwards. except 1t be the
fact pointed to that spring is here and
that with It comes return of pros
perity, so to speak, to the Northern
Light company. They say the company
has immense ore bodies blocked out
ready for resumption at the mill. and
that present climatic conditions Will
make the latter possible in the opening
up Of the pipe line. which, during the win
ter, has been trammeled in Its progress
by the severe attack of Jack Frost and
his little army of sparkling soldiers.
The employment of Mr. Legg as super
intendent Is also looked upon as n good
omen. as the gentleman is a thorough
y mining man. well versed in all the In
tricaeies of western mining progress
and Development, and will undoubtedly
do good service. In saying this they
do not desire to cast reflections upon
the retiring official, as that gentleman
Is thought to have done as well AS could
be under the circumstances.
ON THE EXCHANGE.
In the pit today the stocks above
rrentioned continued their surprising
fluctuations, one going down, the other
up. No business was done in Mann
moth but the stock had 1t best bid al
SlsO, while offerings were readily
made at Slgj. Northern Light on the
other hand, made sensational advances
and sold with unchecked dexterity at
d and 3lii cents. 1880 shares chang
Ing hands at these figures. and the
stock recording a closing bid of 30Ss
cents.
In regular way, Ajax found itself
about stationary with a bid of 81
cents. Bullion-Beck was also motion
less and cut little figure, while -Four
Aces showed slight improvement,
but failed totally to come out in
the trading. Geyser- Marion lowered
around its old position of the day be-
fore and was dealt in with freedom
at sl0S,the sales at this figure amount
ing TO 800 shares. Galena advanced
triile in the bidding, but was not q
seller, while Mercur maintained sta
tonary position. Overland recorded at
Improvement and Ontario was eagerly
sought after at $3.50 but could not be
bought Sacramento wns practical,
unchanged In the figures and did lit.
lie business at AZ cents at which price
II was asked for right UP to the close
In the unlisted stocks trading found
place In Dexter and Richmond Ana.
conda, these securities making trans.
tors at 81 and 3as cents respectively
me former was stronger than on yes.
terday and held bid of 80 cents but
his figure was little below the de.
mands OF holders and thus bushes,
vas checked. Chloi ide Point wa,
Iairly strong on the call. while tn,
swanseas maintained good figures. ant
urand Central ran up in the biddint
10 N,l5. hut could not be had even a
ms figure. As a whole. the marke
was in better tone and the days cal
was productive of good business
The closing figures were us follows:
IlerLcA e.rnnISs,