The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-07-29
WEEKS STOCK MARKET
Volume of Business Was Not
Very Great.
BETTER STOCKS FIRM
WITH EXCEPTION OF CEN,
EUREKA, WHICH SLUMPED.

The mining share market during the
week just closed displayed somewhat
less activity, though prices, particularly
in the investment securities. were gen.
orally firmer, and for this season of
the year, when business in all lines is
usually dull, mining business can be
said to have more than held it's own
On very limited offerings Daly-West
went through the week at strong to ad-
vancing prices. Centennial Eureka,
Notwithstanding a report of sensational
disclosures on the 800 level early in the
week, showed no advancement, the ten
dency being rather downward Trouble
between the men and management over
the cOmpanys boarding house has
caused more than fifty of the 230 men
employed to quit, and at this writing an
effort is being made to have the COM
pany allow the men the privilege of
boarding where they please. The price
Dld Tor the shares has dropped from
$3.50 to $21.00 during the week.
Dexter is much stronger, limited
transactions in its shares being at
about 81 per share. Daisy has held its
own and Eagle & Blue Bell has been
marked by a tendency to higher prices
Grand Central moved up on a rather
limited demand and the impression that
dividends will be forthcoming again
next month. Nothing on the subject
can be learned from the management
however, and While the treasury is
known to be in prime condition it is
rather doubtful whether dividends will
be ordered for some time.
Mammoth and Lower Mammoth par
tlclpated in the trading during the week
at fractiOnally lower prices. An &C
cident to the formers machinery put
both plants out of operation for a short
time, the latter being dependent on the
former for power pending the arrival
and placing of its new electric motor
which is now due to arrive
The details of the Mercur-De Lamar
consolidation have all been perfected
and the officials of the new company
will pick up the reins of management
on the first. The new company, it is
believed. will pay a monthly dividend
of cents share from the start, while
the old Mercur company will distribute
all money in its treasury among it's
shareholders right after the final clean
up and transfer. 1t will likely amount
to % cents share.
May Day opened the week above 95
CClllS anu I0il OIL DdOIy before the close,
due, it is thought, to the manipulation
of professional traders. yesterdays
call bringing out 10, 800 shares at prices
between S212 and II cents.
Northern Light has been traded in
extensively at prices generally below 2
cents and with a 2-cent assessment
hanging over it with the likelihood of
another when that is collected, its fu-
ture does not look encouraging.
Sunshine has gone into the hands of
a receiver on petition of Charles H.
Jacobs. who alleges all sorts of mis-
management. A lively scrap is looked
for. and the result may prove of bene-
fit to the minority stockholders.
Star Consolidated and Sacramento
were both more active and stronger.
Utah sold one car of ore for 81, 100, and
has more in transit. Yankee CONSOLE
dated was lower than the previous
week, though transfers were not heavy.
The weeks record in shares sold and
amount realized was as follows: