The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-01-21
Last Week Was the Most Active
of Any During This Year.
CHLORIDE POINT RISE
BUYING CROWD MADE A STIR
AND WEAKENED.
May Day Has Made Some Gains-The
Reasons For It-Mammoth Made
Declines-Heavy Sales, of Little
Observation-Disclosures on the Ex-
change-Yesterday's Quotations.

The past week has registered some
Improvement in the condition Of min
ing stocks. There was more activity
exhibited than at any time since the
opening Of the new year.
Chloride Point took a squirt upward
about the middle of the week and al
most doubled in price. The stock sold
one day. Thursday, up to % cents, but
the buying crowd then relaxed and de-
clines followed. The closing bid yester-
day was 1914 cents It is apparent that
the fluctuations were caused by shrewd
manipulation. although it was annOunc-
ed TO the contrary.
May Day has advanced quite percep-
tibly since a week ago. The stock has
only recently sold around so cents,
while yesterday it stiffened up to SO
cents at which price 1000 shares eX-
changed hands during the call of the
stock exchange. The advance IL the
stock is attributed to two reasons; one
is there are a few brokers short" on
the stock and they have been called
upon to cover and matters are shaped
in such q way that the holders of the
stock find it an easy matter to boost
prices upwards.
The other reason is the mine has just
been put in shape for a vigorous cam
paign, the new equipment recently add
ed to the property has placed it in
condition TO become a regular contribu-
tor to the local market.
Mammoth has been active at declin-
ing figures II is not believed the stock
has reached bedrock, so further declines
are looked for. Little Pittsburg was
thrown out in large blocks. On Thurs
day, 1000 shares We're brought out, but
there We're buyers ready 10 take il in
as East as it was offered The price OF
| the stock has fiuctuated little.
The gale Of a controlling interest in
the Dalton & Lark mine at Bingham,
to P. r. FarnsWOrth and his associates
had a tendency to drive that stock for
ward for a few days. There were sales
| reported as high as cents a few days
ago, but since, prices have dropped
/ down close to the figures quoted on the
/ exchange the previous week Holders
of the stock are not willing to let it out
at any such prices, however. They pre-
fer TO hold onto it, expecting to realize
| from it later, when the campaign OF
! exploitation gets well under way under
| the new management.
Daly-West made some sharp ad-
vances last week on account of the in
/ crease Of the monthly dividend to q
cents per share. The stock weakened
| towards the latter part of the week
BulliOn-Beck showed evidences of a
/ better tone when the announcement
was made that the control of that great
Tintic producer had passed to the same
crowd taking the Dalton & Lark, at z
price somewhere between 81 and s. a
share. Grand Central has kept in good
order and has been active Daisy clos
ed the week lower and Four Aces end
ed the week at about stationary prices.
The prospective stocks showed some
/ activity but none of them showed any
sensational advances.
The sales made on the exchange each
day were noted as follows: