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

material advance. Four Aces closes the
year at a low ebb. Several heavy as
sessments were paid during the year
and the end is not yet. The suit
against the South Swanson was con-
tinued. but viii likely be set flown for
hearing at the mex term Of court.
During the greater part of the yea
the properties have been idle
Grand Central.
At the conclusion of of the most
holly contested cases this section has
ever seen, the Grand Central secured
the favorable decision of the loves
court. AS a result of this development
in the litigation with the Mammoth,
Grand Central shares are in strong de-
mand and present prices are the high
est of the year. During &he whole Of
the year the stock has Deen decidedly
erraJic, f~iuctuating widely several
times between $3.50 and $3.50. one
dividend of 10 cents per share was paid
in l, 900, but nOw that the law suit looks
very favorable, it is thought regular
payments VIII be sumo at an early
date. n uncertainty as to the result
of the law suit and the failure of the
management 10 pay more han the q
dividend rendered the shares very sen
SitiVe, and any little buying or selling
movement had the effect OF creating
violent fluctuations. While there may
also be some natural fluctuations in
the future. the outlook for a far tead-
Ter market is good. The litigation with
the Mammoth involved some vitality
important questions, chief among
which was the law of apeX. The Grand
Central opened hOSJilitieS by suing Tor
$300, coo damages for trespass, later in
creasing the amount by $4,000. The
Mammoth filed q CTOSS-cOmpialnt Just
before the hearing came on, claiming
S1O0, 900 damages and fully One-hau or
the Grand Central group under the
right of following veins of ore on theIr
dip. The Grand Central claimed, how
ever, that the Mammoth had gone
down on the strike Of the vein and not
on its dip, and this stand the court sus-
tanned, limiting the Mammoth to its
end lines and side lines. The case Will
doubtless be appealed, but the fnal re-
D is quite generally expected to be
the same.
Geyser-Marion.
Another dismal failure of the year
was the Geyser-Marion. After con
tending with adverse financial cOndi-
ions until June, the directors levied
an assessment of 3 cents per share, re
ceiVinS q very generous response from
practically all of the shareholders eX-
cept the owner of ii largest individual
block, who was nab to protect his
stock This failure left the company
so badly embarrassed that it was
deemed wise 10 suspend operations, and
soon the properties were tied up un-
der attachments, and in November they
were sold for the Indebtedness, which
amounted in h aggregate to some
SIS, 500. A plan of redemption and re-
organization was formulated and suf-
hcient money raised by voluntary as
seSsment TO redeem the property of the
company. which viii now be reorgan-
lied. Just viii be the plan of
the new company as to the future OPP
Grafton of the mines and mill has not
yet been 4ne failure of the
original proposition seems to have
been altogether due to the extremely
narrow margin in the ores and the
lac of success on the part of the man
in opening up new bodies of
high grade ores. AS a stock PROPOSE
ton, Geyser-Mariol shares may be
said to have entirely passed, under the
old conditions. What the new stock
viii do remains TO be seen.
It required several assessments Of ,
cents each to make up the deficiency
in the finances of the Galena. The
company has recently produced but
very little Gre, the mines having re-
manned lean for Ver n year At pres
ent they are making a more
ing showing. but the hares remain
low. Another assessment is about here.
The highest quotations We're made in
the early months Of the year, when
sales were made as high as 40 cents,
and the lowest in December, the stock
declining to below 5 cents.
Grand Gulch.
Grand GuIch paid W dividends of 1
cent a and then suspended pay
ments, devOting the net proceeds of the
mines to development work. The
Grand Gulch properties are producers
of copper. shipments-of ore made aver
aging better than 40 per cent in the
metal. The shares are closely held and
have never been active on the open
market.
While displaying some activity at
times, the tendency of Golden Eagle
has been downward. Several assess
ments were levied during the yea
The properties are idle.
Horn Silver.
But one dividend was paid by the
Horn Silver and that in July and in
the sum of $4,000 or ; cents per share.
The shares were not particularly aC-
tive, but ranged between $1.10 and S1.5O.
A vast amount OF development work
done at the mines with excellent
results, the development Of the copper
ore bodies being especially gratifying.
It is anticipated that a dividend Will
be posted in January
HomeStake did practically nothing
after the first months of the year.
There is nothing to encourage trading,
the properties still being idle.
Ingot shows little net change for the
although it has had a number Of
runs to higher prices Operations con
tinued until late in the summer when
a suspension was ordered. Some very
good ore was opened up, but it was
"bunChy' and not we'll in place. De-
velopment work on the Consolidated
MeTcur side is tending toward the In
got and h management decided to
let their neighbOTs indirectly develop
the Ingot ground for the present.
The Bowers Stock.
Tt was thought that with the settle