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

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ment of the Burnham litigation, Joe
Bowers would run TO higher prices, but
the contrary proved TO be the case.
The increase in the number of shares.
consequent upon the settlement of the
Durham claim, and the practical
absence Of the company from the ship
ping list during the greater part of
the year, had the effect of IesSening
interest and caused a run to much
lower prices. One assessment was
necessary. For several months past
quotations have remained at practi-
cally 3 cents. With greater depth md
consequent development work. better
things should be shown up for these
shares.
Joe Bowers Extension was also a sad
disappointment and while at times
much activity was displayed, h high
est prices were made at the opening
of the year, when quotations were
holding about 5 cents. In order to con-
tinue the operation of the properties,
several assessments were necessary.
but the load finally became too heavy
and a suspension of work was ordered.
At present, the shares are practically
without market value.
Lower Mammoth.
Lower Mammoth has made a star rec
ORD Opening the year at so cents. it
mas been continuously active. although
showing some very wide fluctuations
me low prices of the year were made
IN october, when one of the periodical
9-cent assessments was levied. the mar
ket touching 30 cents, while high water
marx was reached in December. as
result OF ore disclosures on the 70O-foot
ana S00-foOt levels, coupled with con-
siderable inside support and not a little
boosting. The figures for this last
named month have been record-break-
ers, the highest quotation of the year
Delng fuIly 80 cents higher than the
previous highest point reached by the
ShafeS. Very heavy realizing has Oc-
CURED on all hard spots. and henever
d sag seemed imminent, selling tactics
were almost panicky. All his has re-
suited IN making an extremely uncer-
tain market, one in which daily huctua-
ions OF % cents per share have not
Deen uncommon Some nice ore has
been opened up on the zoo and the 500
foot levels, but neither its extent nor
It's value IS in any way sensational.
Many conservative traders have doubt
ed # present physical and financial
conditions fully justified the higher
prices on the shares. The company still
owes something like SO. 000, and is not
shipping at present, although an early
movement of ore is promised.
Little PittSburg closes the year at
extremely low figures, the properties
having been closed down for some
months. An early resumption Of opera
tons is remote. The stock was active
early in the year, between 3 and + cents,
but gradually declined after the cessa-
ton of development work.
Mammoth.
Mammoth paid d total of 5000. 900 in
dividends during 1900, or 80 cents per
share. The stock was always a heavy
trader, n at one time in the year sold
as high as $3.50. 1t did not hoId these
figures long, however, and by July a
settled down aTOund $500, where q
closes the yea There have been some
fluctuations, low water mark be
ing about $1.S5. A complete change in
the management followed the purchase
by Samuel Mcintyre of over 100, GOO
shares of the stock, held by William
Mcintyre, at $3.50 per share. Very nat
uTally. the lawsuit with the Grand Cen
trail had its bad effects on the shares,
put they never suffered as badly as did
Grand Central Even the adverse de
cision has not had the threatened re-
suit of badly breaking the stock, its bad
effects having been cO-unteracted, for
the present, at least, by important ore
disclosures. Mammoth has ever dealt
Isl surprises. n has not failed with
lis sensation this time
May Day.
May Day was another of the years
disappOintments. Opening at pTacti-
caIly 20 cents, the shares displayed
great activity on a steadily advancing
market, until the elimination was
reached late in April, when the stock
sold at S1.1T12. These very high prices
were the result of a good shipping rec
ord made by the company and n con-
tinued excellent ore showing at the
mines. Then came one of those OCca-
siOral lean periods encountered in the
history of nearly every mine and IN
stead OF the company WiDing out its in
d~ebtedness. the latter began to grow
again, until it finally reached some ST.
600. Ore shipments run down mater
tally, both in grade and in volume, aid,
very naturally, the shares suffered Sc
verely il the open market, despite he
support given by the inside OldeTs.
SC-Le Of the latter had doubtless real
lied at high prices, and could afford TO
give the market some protection In
November the shares sold as low as p
cents. They close the year in better
fern and with brighter TrCs- e. $ - o. e
movements are being considerable in
creased. and the showing at the mines
has doubtless improved considerably
Mercur.
Prior to its consolidation with the De
Lamar. Mercur paid a total of $i15.0G0
in dividends for 1900. At one time the
stock sold as low as $500,
when the announcement was made
Of the reduction in the quarterly
dividend. From his figure it rallied
to $3.50. where the market was holding
easily until the consolidation was eff
fected. There Will still be q small div
idend for old MercUr stockholders when
final settlement Of the Company's af-
fairs has been made.
Martha WashingtOu Midnight
Bowers. Malvern, Manhattan and
Monarch have attracted hut little at