The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-07-01
VE[K'SST0CK MARKET
Trading Was Affected By tn
Extremely Hot Weather.
LEAD STOCKS DEPRESSED
BROKERS ARE ANTICIPATING A
CHANGE FOR THE BETTER.

has had a depressing effect on the
mining stock market, yet some stocks
displayed considerable activity, but on
a whole the volume of business trans
acted was light, which is TO be eX-
pected at this season of the year. Inc
total sales fer the week only amounted
to 59,913 shares, of a selling value OF
s27, 7O4 20.
The lead stocks ended the week gen
orally lower. The selling price for the
metal fixed for last week by the smell
ter trust was $3.6212, while the New
York quotations were considerably
above the 81 mark.
Brokers and mining men are looking
for a change for the better soon, at
any rate every one is hopeful tnat
better prices may prevail, which would
greatly stimulate the local conditions
of the stock market.
No trading was done in Ajax last
week; the stock still remains dull and
| featurelesS.
/ Bullion-Beck has been inactive and
| only a few shares transferring. opera
| lions at the mine are going on, but
| there has been some curtailment OF the
| forces employed there, yet there is not
much likelihood of any more reduc-
lions right away, nor any probability
| of an assessment being levied AT
! least these are the positive assertions
[ given out by Manager Farnsworth, the
| statement of one of the directors or the
| company to the contrary notWlth-
| standing.
| The Eureka is going along
| in about the usual way, shipping about
| thirty railroad cars of ore every week.
| No one locally has any stock to sell
and the quotations on the board each
day show that to be the case. There
| are ready buyers for the stock at rea-
| sonable prices.
Daly-West advanced the early part
of the week, but towards the close fell
back again. The settlement of the
| price of lead will have a good effect
on this stock. There is some talk of
increasing the regular dividend to SO 13
! cents. but until the lead question is
settled it is hardly probable that there
| will be any change. All the while the
company is accommodating money in the
| treasury.
The change in the management Of
the Dexter is scheduled for the 9Th
inst. Who will take charge after that
date has not been announced by the
directorate. There is no change IN the
situation at the Daisy mine, only that
Receiver Moon has asked permission
of the court to borrow 1000 with which
he desires to resume operations. He
has made a series of experiments,
which, he states. are of such a salts
factory nature as to justify the eX-
penditure. The court has not given a
decision in the matter.
| A greater part of the Geyser- Marion
| assessment has been paid in: there IS
about one-quarter of the shareholders
still DELINQUENT. Grand Central has
held up to fair prices during the week.
| Lower Mammoth sold a little higher
than a week ago.
Mammoth has been the subject of a
concerted bear attack during the past
week and the belief is shared by
many that the scheme is for the pur-
pose of frightening certain holders OF
stock to sell out at a sacrifice. The
management has announced its inten-
ton of building a tramway from the
mine to the railroad with which 70
transport ores, at a cost of about
$40. 900.
! The railroad used for the past four
years and owned by an eX-director
may be bought, but unless the present
management can force the owner down
: 70 a price considerably below the cost
: Of the road the chances are that the
tramway scheme will be carried out.
/ Something may develop in regard TO
the matter in a few days. The COM
} pany will distribute the July dividend
Of cents share or $4,000 tomorrow
Inc oasis IOr. q cOnSO1ludlloH OF lhe
, Mercur and De Lamar Mercur mines
, was arranged during the week, but
final action will not be taken until the
21st inst, when the plans for the future
2 will be officially announced.
May Day showed some activity, but
; | with no change in prices.
Northern Light was wanted in small
. | lots, while PetrO was some stronger.
Y Star Consolidated was I'D and dOwI
Y during the week. shipment of ore
sold Friday netted $57 to the ton. Two
? | more cars will be at the sampler to-
q morrow. If the values turn out a!
q | well the chances are the stock viii
have a better tone this week.
J, The directors of the Swansea me
yesterday and posted the July dividend
! South Swansea is sluggish.
Conditions are reported improved a
! the Yankee Consolidated.
The sales of the week were as fol
: | lows: