The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-04-22
Review of the Transactions OF
Salt Lake Mining Exchange.
CALL FOR BULLION-BECK
DALY-WEST KEPT ABOVE SIC
ALL THROUGH THE WEEK.
Geyser-Marion Sluggish-The Powers
Behind Mammoth-An Improve
ment Predicted-Petro Still IN
changed-Conditional Resignation
OF Manager Neill From q. S. Co.

The condition of mining stocks last
week was notably better than the pre-
Vlous one. Some of the principal rea-
sons assigned for it is the end of the
labor troubles at the trust smelters and
an increase of orders from the outside.
AJAX passed through the week in good
Tone some stock was brought out and
placed in new hands. but it seems hard
10 get, although the brokers bid up
pretty well for it.
Buiiion-Beck offered a little more en-
couragement, and the stock held up
pretty close to 50 a share.
1here has been a local demand for
Centennial-Eureka but to buy the
stock here is almost an impossibility.
investors here are not selling, they all
want 10 add to their holdings rather
than 10 decrease them. The mine is
working along about as usual, keeping
us record of production up to 100 tons
per DAY Last Wednesday the stock
hOlders OF the corporation held their an
hual meeting in Portland, Me-, and
new board Of directors was chosen. The
directors will meet in Boston in a few
Gays Tor organization, and it is stated
that X ID. Evans, who has been at the
mead OF the rubber trust for several
years IS to become president, succeed
Ing A r. Holden, who will bear the
Title OF managing director hereafter.
mere is little change in the stock over
last weeks quotations.
DAILY stock ended UP much stronger
IMAM a week ago. There was a good de-
IIaand for 1t on the strength of the re-
port that the mine may soon resume
operations, after the long period of
idleness.
Daly-West was attractive all through
the week at firm prices, with scarcely
any fluctuations. The stock sold be-
tween $l9 and $40 a share. Dexter had
another duh week of it. The holders
of the $4,000 trust deed against the
Daisy have decided to bring foreclosure
proceedings at once, and until that
matter is settled the mine will remain
IN its present inactive condition, and
IL is doubtful If it ever will be worked
again.
Eagle & Blue Bell found buyers at
around 80 cents a share, and Emerald
showed a little life above 8 cents a
share.
Geyser-Marion is sluggish. The mine
has little more than paid operating
expenses lately, and that is about all.
The management is doing a great deal
OF development work, and that eats up
about all the profits. Grand Central
had an OFF week Of it; the prices of the
previous week could not be maintained:
investors are inclined TO be a little skep-
teal just now on account of the uncer-
talnty Of an early dividend.
There is not much demand for Horn
Silver; the mine looks good, but it has
little attraction for local capital.
Lower Mammoth was one of the lead
ing features Of the weeks trading.
There was a demand for it from all
quarters, resulting in large sales from
81 to IS cents and little better.
An effort is being made to boost
stock passed into the hands Of a
syndicate of brokers a few days ago,
and ii iS believed the stock will adj
vance for a while.
Mercur has been sluggish; the cut
ting Of the regular dividend down one
half has had a distressing effect. Only
a few hundred shares changed hands
during the week. May Day continues
in good tone.
Ontario was active but no sales were
reported.
Petro continues to send in good ship
ments of ore, but there is no change
for the better in the price of the stock.
There will be no dividend before June.
The Swansea stocks keep in good or
der, but few transfers are being made.
Sunbeam sold during the week for Z
cents, with the assessment paid, a loss
of cents to the holders, the assessment
being 10 cents a share
TeSora has fallen off 80 per cent with
in the last ten days. Tetro sold around
8 cents.
A sensation was created in mining
circles yesterday by the report publish
ed in The Herald that Manager Nein of
the United States Mining company had
placed his resignation, with conditions
to it, in the hands of President
Evans. Mr.. Neill refuses to act as man
ager for the big Bingham property if
A. F. Holden is made managing di-
rector.
Yarkee Consolidated passed the week
The sales made each day were as fol- |