The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-10-07
WEEK'SSTOCK MARKET
A Lively Market With Transfer
of I02,O67, Shares.
REMARKABLEBEAR RAID
REVIEW OF CONDITIONS e JE.T7
WEEK IN ACTIVE s.. -

The week on the stock exchange wit
nesaed the transfer of 102,O67 shares of
stock, which sold for $50, $50. 30, and the
unusual activity on the curb during the
same period has undoubtedly been re-
sponsible for fully as great a volume of
business
The feature of the week has been the
remarkable raid carried on against Star
Consolidated. movement which has
resulted in lowering the price of those
shares from low notch of S1.o4 week
ago to 79c yesterday, while the week
has witnessed its sale at 10c less than
that, or CSC. The whole movement has
been purely professional, however, and
as the shares gradually find their way
into the hands of the people who buy
on the month of the property, a reac-
ton is sure to follow, for from the most
reliable information obtainable, the
mine is bigger and richer every day,
and there is no reason to believe other
than that it will step into the dividend
column early in the new year.
glance down the list of the more
activ stocks in their order permits of
the following comparisons: Ajax has
advanced from Acc to sic bid, and the
shares have been in good demand.
Consolidated Mercur has more than
held its own, though the advance has
not been great enough to persuade
holders to sell. A week since a few
shares were picked up at $780, Yester-
day an offer of $4.621A failed to land
shares, $4.671k being demanded. Cen
| tennial-Eu has remained about
stationary during the week, with no
sales recorded.
Daily has held about even under a
very light business, and DAILY West has las
strengthened materially, or in ratio
with the dividend of 25c a share to be
| paid on the 9th.
Dexter has been up during the week
| to $1-25 bid. but yesterdays quotations
! were about the same asst he closing
| figures last week.
Eagle & Blue Bell has dropped about
| 15c a share to 40c bid, for no apparent
| reason.
Grand Central has made strong gains
| during the week, being quoted yester-
/ day at $5.13 and $3.50, as against $.O212
| and S5.07H a week since. The mine is
| supplying a heavy tonnage of ore and
a handsome surplus must have accu-
INFLATED in the company's treasury.
! Joe oBwers shows how freakish the
market can be. Previous to the pay
ment of the recent 1c assessment and
/ for several days the stock could not be
had for less than 31sc to 37sc, but now
the delinquent sale is over, the shares
have dropped to 25sc and 27sc, with the
| last sale yesterday being made at 212c.
| Mammoth has risen from $21S to $2.25
| bid and the shares have been quite ac-
| tive at prices around the latter figure
| all week
Lower Mammoth has suffered a
steady decline, and where 1880 was the
closing figure week ago, with sales be-
| ing made up to 441zc, the best offered
yesterday was 351zc, with S614 asked,
| and no takers.
May Day is still on the sick list, and
yesterday closed a week of general
though fractional decline, as since the
1st of the month it has dropped from
40c to 321sc bid, with 431zc and 35c as
the difference in asking price. 1t de-
serves better treatment and will re-
ceive it one of these days.
Northern Light is down also, 534c be-
ing the closing bid yesterday as against
&c week since, though the latter price
was paid for 1,e00 shares yesterday
morning
Sacramento has been quite active
during the week ct steady TO advancing
prices, and closed the week in good
form at $50 to 33szc-
Silver King has been up and down.
up and down, all week, but no sales
were made. It rose to $50 bid and as
high as $72 asked, and closed the week
at $50 bid.
Sunbeam has steadily rose and net
gain of over 10c share has been re-
corded. TIE new compressor has gone
t into commission at the mine and the
pumps have lowered the water to with
in fifteen feet of the bottom of the
. shaft Another few days will see sink
ing resumed.
The Swanseas have been firm, and
Valeo has jumped from lee to 10Ac VI
to 14c and 1S1ac. 200 shares selling yes
terday at 16c. No reason for the ad
vance is obtainable.
' Yankee Con- holds around the figure
of a week ago, and has sold at figure
above zoe all week.
The weeks sales are Illustrated in tn