The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-08-12
VEEK'SSTOCK MARKET
Business Was Extremely Dull
and Listless.
s23,691.84 THE RECORD
OUTLOOK FOR FALL BUSINESS
ENCOURAGING.

The week in the mining share market
has been very dull one. the total num-
Der of shares changing hands being
only 1915, with trading value of
$23,691.S4. and but for the participation
OF Daly-West and some of the other
higher priced securities the showing in
dollars and cents would have been very
close to nothing.
Continued good reports from the Cen
tennial-Eureka, particularly with re-
gard 10 the opening up Of the monster
ore chute in the lower levels. has had
q tendency to somewhat strengthen
that security, though it must be ad-
mitted that the advance has not been
as proportiOnately great as the dis
closures in the mine would seem to
warrant
Daly-West has sold up to S1S.25 dur
ing the week, but on the closing Of
transfer books on next Wednesday,
dividend the price bid receded yester-
day to $17.7215 bid, $17.95 asked.
DAILY is held firmly around st.30, at
which price single 100 shares were sold
during the week. There appears to be
little or no reason to doubt but what
the mine viii resume operations within
the next two or three weeks and the
showing for pay ore bodies on the LOO
and Zoo levels being considered good
by the management an advance in the
price is sure to follow resumption.
May Day has again been whipped
around the post by professionals, but
it stands the ordeal well. Ore at the
rate of four or five cars week con-
tinueS to reach the market, and the
4 DC Gil
maintained, while the mine is being
opened and the price of its splendid
hoist is being paid. The company
is now practically out of debt and with
ZOO or 800 feet at least of the apex of a
splendid vein within the boundaries of
its own ground, there is no reason to
doubt the future worth of the property.
With little more length on its vein the
DAILY company has paid nearly 100000
in dividends. and the possibilities of
May Day are just as great as were
those of the Daily at corresponding
depth.
over 100000 shares of Geyser- Marion
were sold for the price of the recent as
sessment, 10000 shares going into the
treasury of the company, and while the
mine has any amount of ore the grade
is so low that it is a question yet
whether the proposition can be made
to pay. The management is making .
strenuous effort to bring it out, and
while the problem is hard one, anoth-
er assessment is not expected to be
called in the near future at any rate.
Tesora has opened its vein on the 3T5-
foot level, and a good quality Of ship
ping ore has been opened. The Shoe
bridge-BOnanza has also made connec-
tons with its vein on the SIS level, but
sufficient work has not yet been done
to show what there is in it. Manager
Hebron is confident, however, that good
news win core from it very soon.
On the strength of leasing the prop
erty Valeo continues at very low ebb,
and it is not thought that any great
improvement viii occur unless the
lessees open up the last ore chute on the
lower tunnel level. ril
The smaller stocks have remained
just about stationary during the week,
little activity being manifested in any
of them, though work going on in the
camps should, and very likely will,
strengthen most of them during the
fall
The weeks sales in shares and
amounts made the following daily ex-
hibit: