The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-04-01
Investment Securities Were
Again in Popular Demand.
RISE IN DAILY WEST
THE PARK CITY STOCK CAME
CLOSE TO $50 A SHARE.
Highest Point Reached Was S19.7o-
Grand Central Went Tobogganing
-Centennial-E Eureka Dividend
Makes the Stock Go Higher
Mammoth Advances.

Trading in mining stocks last week
was very good. Those of the investment
class were the most active, however.
There was quite a demand noticeable
for speculative securities. The general
tone of the market was good, and
while some declines have been regis
tered the advances more than evened
up things.
Ajax continues to be in demand and
several blocks were sold at strong fig
ures. Alice was inactive and there has
been no special call for Anchor. Bull
lion-Beck began the week in good shape
and the stock found ready buyers at So
a share and a little better, but on Fri
day and Saturday it was decidedly
lower and in little demand.
The Observation-Disclosures directors met
in Boston a few days ago and posted
the first regular quarterly dividend, the
latest order of things under the new
management. The dividend amounts to
100000 or 81 a share on all the issued
stock. The company is capitalized for
100000 shares, half of which still re-
mains in the treasury. Since the an
nouncement of the dividend, (which is
made payable on the 5th inst, the stock
has made some big advances. On Fri
day $3.50 was bid for it on change,
an advance of nearly S. from just a
week previous. The stock has been very
active some days, the bidding for it be-
ing very spirited, but the week passed
without the buyers and sellers being
able to agree on a price. In Boston,
sales were quite heavy. Chloride Point
has been sluggish and the stock has
been quoted around low water mark
Dexter gives no signs Of Improvement
Daly-WeSt has been the real feature Of
the week. At the beginning of the
week the stock started out in good
shape and each day recorded an ad-
vance up to Thursday, when the stock
touched the high water mark and was
curbed by brokers at $3.50. Friday and
Saturday the stock fell back q little
and closed yesterday with $19.251A bid
and 1888 asked. Daisy remained ac-
tive below cent a share, and large
amount of stock changed hanG1 Moth
ing has been done to straighten out the
company's affairs, but it is likely. that
steps will be taken to fOreclOSe the
trust deed for $751; 900 shortly. 1t looks
as if the minority stockholders are go
ing to be left out in the cold and some
of the larger shareholders have gone to
their limit and don't care what be-
comes of the mine.
Eagle & Blue Bell is still suffer
ing reverses. Geyser-Marion passed
the week low and inactive. The
same can be said of Galena.
! Grand Central has been on the
toboggan all week and the curiousA art
of it is brokers who are supposed to
be strictly up to date on what is going
on have been dumfounded as to the
reason for the slump. Officers Of the
company have declared that the mine is
all right, but nevertheless the stock
has gone down and while insiders have
been blaming it all TO the brokers they
have not been in the field as buyers.
The mine has been doing very little
shipping. so ii begins to look as if there
is something the matter.
Lower Mammoth has held up to
strong figures pretty we'll, but weaken
ed toward the close. The executive
committee concluded contracts during
the week for machinery which will
greatly facilitate the working of the
mine hereafter. New air cOmpressors
are TO be put in and the steam power
heretofore employed is to be substitut-
ed by electricity furnished by the Tel
luride Power company of Provo.
The management of the Mammoth
mine has given out the assurances that
a dividend will come this week The
amount has not been made known, but
people in position to know say it Will
be no less than 10 cents a share. or
100000 The directors will decide the
matter probably tomorrow. The stock
has been active and on account of the
dividend and good reports coming from
the mine has advanced at least 20
cents since week ago.
May Day got up to $1.13. but kept
close to SLIP nearly all the week. Good
news still continues to come from the
mine, and the latest is that a good vein
of ore has been struck on the fifty
foot level, something entirely different
than anything found on that level be-
fore. The lowest assays are reported
to be eight ounces in gold.
Northern Light was in fair demand
and fiuctuated between and S cents a
share.
Ontario, of course, held up to strong
prices, but no stock was brought out.
Nothing was done in Orient
Petro continues lower and not much
change is looked for until the mine be-
gins to report with regular shipments
again.
acknowledgements and Rabbit Foot
were quiet.
Silver King holds up to standard
prices. Swansea maintains its strength
we'll The directors posted the regular
monthly dividend Of $1,000 again yes
terday. South Swansea remains about
stationary, while Sunbeam has almost
completely collapsed. The stock has
been offered for several days as low as
3 cents share. Yankee Consolidated
has surprised a good many by exhibit
ing so much strength. The stock has
sold readily around II and Is cents a
share.
The sales made during the week on
the mining exchange were as follows: