The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-03-04

The tone of the mining stock market
last week was considerably improved
so far as the better class stocks are
concerned which were in strong de-
mand, some closing much higher than
at the beginning of the week. Very
little was done with the cheap specula-
ton stocks compared TO those of the
investment class. There is little induce
ment for buyers to trade in the specula-
ton securities at this time What trad
ing was done in them last week was
between brokers who wanted to do
little sparring between themselves.
Ajax was in some demand. but the
offerings were light. No one wanted to
buy Anchor and Alice was equally in
active.
Bullion-Beck continues to do better.
The shipments Of ore have been above
the average since the new management
took charge of affairs. Few sales were
made during the week, but the stock
was in fair demand around 81 Moth
ing was done in Centennial-Eureka, al
though there was some local inquiry
for II, but holders Of the stock are not
anxious 70 sell. It was bought by them
for an investment and it is not likely
there Will be much local trading in il
until after the April dividend. which is
promised by the crowd now in control
Of the big Tintic bonanza
The dividends are to come at quarter
~ intervals. Chloride Point has fluc-
tuated some during the week and closed
at about where it was at the beginning.
DAILY has been fairly active but buy
ers are holding off for awhile before
they take hold of IL There is no doubt
that some extensive operations will be
started up there soon, but il will no
doubt be necessary to put an assess
ment on the stock. as the mine does not
show sufficient pay ore to put it on a
producing basis.
Daly-West was the sensation of the
week. 1t has gradually advanced from
the beginning and has gained nearly SO
A share The stock went to 1885, the
highest point the stock has ever reach
ed. This is accounted for by the mag
niticent showing the mine has made
during the past few months. The Feb
ruary production was especially graft
flying, netting the company S9S, 900. An
other dividend will undoubtedly be
posted tomorrow, the date set for the
directors meeting.
Daisy rallied some, but there are no
more favorable conditions apparent It
is thought the cleanup Just made by
does there may be a movement put on
foot TO get the stockholders to agree
TO voluntary assessment to pay off
the present indebtedness, but ii will re-
quire at least 10 cents a share to clear
up everything.
Eagle & Blue Bell has been some
stronger while Grand Central has kept
at about last weeks figures, with
tendency to recover. Lower Mammoth
was fairly active, but the price of the
stock was not so good as the previous
week. May Day had been a strong
feature during the week and the
chances are favorable to the stock 60
ing up to 81 a share within another
week. 1t reached 50 cents yesterday.
The mine will undoubtedly become a
dividend payer in the coming summer.
Northern Light continues lower, like
nearly every other Mercur stock, but
the outlook for the camp is good and
WITH the improvements about TO be
made at the Overland and some others.
the tendency viii be to strengthen
them. Mammoth has been low, and
no Improvement of any consequence
can be hoped for until there are more
assurances that the March dividend
will not be passed. The Swansea stocks
remain about stationary. While Onta-
rio is in demand. there is very little
floating around where brokers can get
it. Star Consolidated and Yankee Con-
sOlidated are both lower.
The sales made during the week are
summed up as follows: