The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-08-19
NEEHSSTOCK MARKET
-%
Shares Sold, 66,6OO; Worth,
S22,140.83.
IMPROVEMENT IN SIGHT
THE MANY ASSESSMENTS WILL
RESULT IN GOOD.


The weeks business on the Salt Lake
mining stock exchange was character
lied by complete reversal of features
as compared with the previous week,
the number of shares sold being nearly
twice as large. While the selling value
was less. This change shows that the
lower priced stocks had an inning.
During the week sc, 500 shares, with
selling value of so, 140.SS, changed
hands, the previous weeks record being
1913 shares. with a selling value of
$23, 691.S4.
Reports from all the mining districts
during the week have been to the effect
that developments were steadily being
prosecuted with good results. The long
list OF assessments levied during the
past ninety days has had a weakening
effect upon the lower priced stocks,
which in some quarters has been keen
ly felt, but the outcome is sure to be
beneficial and in nearly every case
where settlement has been fully made
the stocks have Immediately shown
signs of Improvement
The closing down of GeySer- Marion
has been the most talked-of occurrence
of the week, unless the same action on
the part of the Victoria management
is considered. The latter's stock, how
ever, is not listed on the exchange and
most all of it is ii a few hands. With
the Geyser- Marion conditions are diff
ferent. Much of its stock is scattered
among small holders, who responded
to the late assessment in the hope that
the sum realized would keep things
moving till better ore bodies could be
opened up. Unfortunately, however
about 100000 shares went back into the
treasury and realized nothing, SO the
management was compelled to quit.
What will be done in the future may
possibly be determined at a special
stockholders meeting to be held in a
few days. The company is said to be
in debt something more than $4,000
The previous weeks manipulation of
May Day was continued, with the re-
suit that the average price of the
stock has dropped several cents more
and it is not thought that any great
rally will occur as long as the bear
movement is allowed to go on without
concerted action to stop it
Joe Bowers has gone all to pieces
during the week, sales having been
made as low as 1-16 of cent per share,
and this in the face of reports from
the mine that the ore bodies are grad
ually improving with development.
Mercur has been quite active around
50 40, the belief existing that a good
sized dividend will be posted by the
end of the month and for the further
reason that that figure is believed to
closely represent the value of the
shares which will be aDportiOned in
the new consolidated company.
Lower Mammoth has given signs of
weakness, but il is thought that when
the new fifty horse power electric mo-
tor has been installed and everything
is again in working order the present
quotations will materially advance.
This should happen before the end of
the month.
The hot weather is nearly over and
the oracles are declaring that with the
advent of fall more activity and a gem
orally better tone will pervade the mar
ket- The record of the past week S
business is shown in the following ia