The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-12-30

market price was from $5.25 to above
81 The new shares opened at about
81, and, under strong support, went to
1913. After holding at S. and just IN
der for several weeks, the market
sagSed. however, until il closes the
year below 1915. There is no denying
the fact that some disappointment has
been felt through a reduction in the
gross earnings of the company since
September, Notwithstanding the reason
able explanation made by the manage
ment, of n treatment of 1Ow-grade
ore during h completion of very nee
eSSary development work. The exer-
ton Of certain local bearish influences,
however, seem to have had more to do
with the decline in the price of the
shares than actual mine conditions.
which are apparently 81, Xzfiffffhfdffm
which are officially reported to be most
excellent. These influences nave sue
ceeded in frightening out an unusually
large amount of outside stock into an
unsupported market. There could be
but one result Ever with the decrease
in its net earnings, the company has
easily demonstrated its ability to pay
from - to 20 per cent on the par value
of its stock, which is s. per share. There
should come a steadier market on the
shares and a gradual rise to better
prices as soon as he dividend policy
Of the company is announced.
Daly-West.
The greatest net gain Of the year
was recorded by DAILY West. Opening
at $12, the shares held about that figure
with some fluctuations, until after the
annual meeting in March, at which
there was a complete change in the
management. when prices began to
move upward. In January, the divi-
dend was increased from 20 cents to Is
cents, and in February an extra div
idend was declared. The company mas
easily maintained its dividend and will
probably order an increase to 80 cents
and possibly 80 l-3 cents, early in jan
nary While there have been some Vio-
lent fluctuations in Daily West, each
advance has carried the shares to high
er prices, until the year closes with
the quotations at practically $21. The
highest in the history of the stock, a
net gain for the yea of at least 125
per cent. A total of $4S7, 500 was paid
in dividends during 1900. The lowest
price of the year was $11S5-
Until the middle of the year, the
Daily properties remained idle and COM
p~aTatively little interest was aiken in
the shares. With the rest JtiOn of
operations, however, came an awaken
ing and While the close shows little
net change, the tone OF the stock is
better. On reports Of important mine
developments, quotations several Tins
showed wide ranges, at one time going
above S2.25. The development work at
the mines has not yet opened up any
thing big, but results a been very
encouraging.
Although opening the year with some
promise of ultimate success, Daisy has
recorded a practical failure, with the
now in the of a re
ceiver- In January the mill was en-
larged, but it vas soon demonstrated
that the heavier the tonnage treated,
the greater the deficit, the average
value of the ore being too low to show
profit. The stock sold as low as % Of
a cent. 1t opened the year at I2H
cents, and closes at about 1 cent.
Dexter.
Dexter lost heavily during the year,
showing al extreme range of nearly
s. per share. The highest prices were
made in January and February and the
lowest about the middle Of the year.
when one Of the heavy holders threw
his stock onto the market. It was final
y AIKEN in by d syndicate at less than
p cents per share and the open mar
ket at once showed better prices. In
November, a consolidation with the
TusCarOTa was effected, the new COM
pany to have 500. 600 shares. gave
LElC IICdouEE LDurUtt SidtCS W HUI nave
been sold at 81 per share to wipe of
the Indebtedness of both old companies.
Regular operations ave continued at
the properties with very faiF-Tesults.
It is anticipated that the consolidated
company viii be on a dividend basis
within six months.
The deal which has been pending On
the Dalton & Lark for over a ear
is still on the tapis and may reach a
successful elimination The shares
close the yea at their lowest prices.
On several occasions they sold to 10
cents and above.
A lease and bond that has over six
months yet to run, was given by the
Dalton directors in october The bond
was at 20 cents per share for the stock.
Until his step was taken, the price OF
the stock remained just under"5 cents
but since that time they have been
higher n in much better tone The
holders of the Ond are working the
properties and relieving the stOckhOld-
ers of assessments The closing quo
tations are the highest of the year.
Eagle & Blue Bell.
The course Of Eagle and Blue Bell
has been disappointing. Developments
at the mines have not as yet given the
anticipated results, although operations
have been continuous and prosecuted
VIII FlSDI 0OaiiC COIASlucI aDtc ore HdS
been SHIPPED. but not sufficient to cover
operating expenses and the company
is at present under some debt. Early
in the year, the shares sold above $3.50,
but the close is at practically IS cents.
At the Emerald, work has proceeded
steadily and the proposition is certain
" one deserving Of success. on several
occasions when conditions AVE seemed
very favorable, the shares have de
veIOped some activity and higher
prices.
Although at times showing some az
tivity and on one occasion quite a