The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-05-27
Trading Was Confined Amos
Exclusively to Investments.
LEAD STOCKS IMPROVE
DALY-WEST GOES UP AGAIN AND
SELLS AT s17.2O.
No Change in Daisy Conditions
Generalization Assessment a Sur
prise-Star Consolidated Makes
Some Sensational Advanees-New
Ore Disclosure the Cause.

L lie past week was q season of dul
trading on the mining stock exchange
/ but a good feature of the transactions
was that what demand there was for
stocks was confined largely to those
/ of the investment class. The lead
producing stocks We're nearly all on the
recuperative list, Notwithstanding that
the lead market was lower than it was
a week ago.
There was practically no demand for
Ajax, Anchor and Alice, but Bullion
Beck showed some advances with a
limited amount of stock transferring.
The demand for Centennial Eureka
shares was good, but locally it is a
hard matter to induce holders to I'M
load The stock was some stronger,
the high price of the week being S25
bid
Daly-West opened weak at the be-
ginning of the week The stock fluc-
tuated considerably, but yesterday it
got up to $17.20 a share. The drop in
lead is responsible for the Daly-West
decline, although the management has
announced there will be no decrease
in the coming dividend.
No change has taken place in the
affairs of the Daisy mine, only Re-
ceiver Moon has announced that the
tests made of the ore We're quite sat
isfactOry, but before outlining policy
for the future he will make more of
them to become thoroughly convinced
whether the property will justify any
thing being done with it in the way
of resuming operations.
Dalton was weaker last week and
Dalton & Lark did not hold UP so
well. Dexter is still at a low ebb.
a surprise was sprung by the di-
rectors of the Geyser-Marion by put
ting on an assessment of cents a
share. The mine is $500 in debt and
the bank carrying the Overdraft is
pressing a settlement An assessment
according to the views of the directors
is the only immediate plan the COM
pany has for raising funds. The mine
is said to be in a good physical con-
dition and with the indebtedness clear
ed up, the directors hope to put the
property on a paying basis again. The
property has paid $4,000 in dividends
in the past.
Grand Central was dull at the be-
ginning of the week, but closed more
active.
The Horn Silver is making a good
record of production, but the stock
still remains inactive.
The Bowers stocks are practically
unchanged. The Joe Bowers Exten-
sion is reported as making good prog
ress with development work The I'M
foreground workings have been cleared
of water so that drifting can proceed
unhindered
Lower Mammoth commanded poor
prices during the week, but no import
ant changes were reported from the
mine. Mammoth held UP to strong fig
ures until yesterday, when the an
nOuncement came that the mine would
be closed down.
The almost simultaneous shutting
down of the Sioux Utah and Mammoth
looks as if the Farrell Grant syndicate
had about concluded arrangements to
purchase a control of the latter prop
erty. At any rate that is what is going
the rounds.
May Day closed the week stronger.
The mine sent in several carloads of
high grade ore since last Monday
Star Consolidated, in which a strike
was reported about ten days ago. soft
ened in the early part of the week. but
developments at the mine during the
past few days have more than met ex-
pectations. Sylvanite ore is said to
have put in an appearance-which is
something new for the Tintic district
carrying values of about $500 to the
ton. The stock was in big demand
on the curb yesterday afternoon and
brokers were ready to take it at 80
cents a share, About two weeks aga
1t was being offered as low as cents.
The Swansea stocks continue in good
form. Sunbeam has levied another To-
cent assessment. Silver King sold
lower than it has for months. Trans
fers were made below $50 a share.
ValeO reached 81 a share again. but
softened towards the close.
The sales made during the week