The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-03-25
Both Investment and Specula-
tive Securities in Demand.
DAILY : WEST FEATURE
THIS STOCK RECORDED STEADY
ADVANCE.
Important Developments Made In
May Day Mine Causes a Rise In
That Stock-Northern Light Fur
ry-Sales of the Week-GensraI
Sumnary-Closing Quotations.

me record made during the past week
/ Dy the salt Lake Stock & Mining ex-
change shows only a fair volume Of
business, yet conditions were encourage
Ing and taking into consideration the
general lull in all classes of stocks the
weeks business was quite satisfactory.
Many brokers believe they see signs
OF a decided improvement in the stock
me most Of the trading was confined
70 investment securities last week
however, there was quite a cali for
InVIe Chased as the speculative kind.
YAK made no change OF any note
49, Vne previous week. There was
quiIe demand for il but the stock Is
neid pretty close and very little was
brought out on the open board. Rullion-
Sech was sluggish and prices ruled low.
DuI the close Of the week brouebt a
ntde more activity than the beginning
CenleIlnlal-Eureka was quoted AFT i'm
proved prices but no stock was sold
locally. Those who have the stock are
lie'IiS5IS onto 1t IN hopes Of capturing
me olFloend promised for this week
AT the same time the mine continues
to develop larger ore reserves ana the
output IS larger. A train load of ore
cVHstSting or twenty nine cars landed
a. the samplers on Friday in one lot.
Oniorloe Foint was inactive and duII
Win no stock in demand. ConeOr- a
most most promising Bingham proposition.
orouSht out few inquiries. Daily was
ia Ialr demand but prices were not so
stronS. Dafy-WeSt has been the real
feature since a week ago ana has reg
lStered steady advance closing vesteP-
Gay with 1920 bid, a rise of nearly 81
q snare since Saturday a week axo. On
crIody the stock was curbed pretty
Freely between $3.50 and s17.75- fhe
nlgheSt point yet recorded. Daisy has
round some buyers during the week,
an effort has been made to relieve the
cempany'S distress by q minority of the
stockholders. Two meetings were held
ror that purpose, but both adjourned
without accomplishing anything. so it
seems that the mine is doomed tn IFS
rate, the foreclosure of the trust deed
Oh Szo,UO0. The c0Tnpany's total irdebt-
edneSs Is something over $50, 600. Eaeie
q Blue Bell is low and not wanted hv
anyone even at present prices GevEer-
Marlen has been sluggish the past
week Grand Central has been active
ana SOLD tp to Sc. but closed weaker.
The connection has been made with f9,a
ore bodies on the 900 level and heavy
shipments are looked for AGAIN. Golden
Eagle has been active, but at reduced
prices. The new board Of directors Is
making an EFFORT to strengthen The af-
rairs or the the mine out and steps to-
wards the erection of a new min ara
Deing discussed. Lower Mammoth has
peen strong feature during the week.
Inc stock tiUctuated some but ended
up above so cents q share. MammofF1
held UP fairly well considering EVER
thing. The board of directors met and
passed this months dividend, but it is
quite likely the Tintic bonanza viii
report with one in April without fail
The May Day mine is coming to the
front again. Two important strikes
nave been made since a week ago. one
IN the big stope carrying values from
SIX TO thirteen ounces in gold, the other
was made in the drift from the 1O0-foot
level which has cut into the ore re-
serves opened on the 50-feot level. Man
ager Hunt expects TO begin Stopping at
once and says he viii soon make a
new dividend payer. The stock sold I'D
10 $1.15 a snare.
Northern Light created a sensation
and moved up TO u cents about the
middle Of the week, but it failed 10
hold its own and dropped back to where
IL was ten days ago. Ontario was i'm de-
mand, but none of the stock could be
moved. Those who have il are holding
on awaiting developments. Petro Gre
ated quite a stir and was traded in
quite heavily around 40 cents a share.
The first cleanup from the West Noun
tain Placer came in a few DAYS ago
amounting to fifty ounces. This repre-
scented only two or three days run. The
West Mountain is likely to do some as
tonishing things this year. The stock
was in heavy demand last week, but
very little was brought out.
The sales made on the stock exchange
during the week were: