The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-03-18
Investment Securities Were
Again in Active Demand.
DAILY WEST ACTIVITY
STOCK HAS BEEN A LEADER
AMONG THE BROKERS.
Demand For Ajax-Assurances From
Manager Weir-Movements of
Daisy Shareholders-Eagle & Blue
Bell Fluctuations-Slump in Sun
beam-Sales of Stocks.


OF sales in investment stocks. The bet
ter class stocks were in quite active de-
mand, but the speculative securities
had little attention paid to them, and
there is little indication that such
stocks will be wanted for some little
time.
The demand for Ajax was quite no
ticeable,, but the stock seems to be
scarce and little was brought out at
anywhere near the prices bid for it.
Manager Weir has given the assur-
ances that the mine is in a better ply
steal condition than ever before, and
the shipments Of copper ore from there
are the best ever produced.
Bullion-Beck passed through the
week in slumpish condition, and little
demand for it, except at ridiculously
low prices. Buckeye has been inactive,
but the leSSees are showing up some
hne bodies of copper ore. Centennial
Eureka has been in demand at good
prices, but none of the local holders
are disposed to let go just now, the
date Of the quarterly dividend Of 81
per share being so close at hand.
The directors meet in Boston on the
9th to post the first dividend since the
mine passed into the present control.
Chloride Point made a poor showing
last week. There was little call for the
stock, but operations continue as usual
at the mine. Daly-West has been an
active seller and has almost entirely
recovered from the sharp advance
which landed it at SIT a share. In the
early part of the week ii was selling
around S15 a share; yesterday it was
between S16.431A and S16.55. The stock
will undoubtedly so higher, and brok-
erS generally expect to see it reach $40
a share before many weeks pass by.
Daisy remains about the same. Some
or the stockholders are not yet ready
to give it up as a failure, and a move
ment is on foot to join with the hold
erS of the trust deed, who will likely
institute friendly foreclosure proceed
ingS and then effect a reorganization,
making the stock aSseSSable. Another
effort may be made to effect a con-
sOlidatiOn with the Omaha and South
Daisy and enlarge the capacity Of the
Daisy mill so as to handle the ores
from all three mines.
1t is thought by some that if the
three properties go together they Will
become paying propositions by ham
ding a tonnage of 600 to 1000 tons a
day So far, however. the conSolida-
ton scheme is nothing more than talk.
The Daisy stockholders will hold an
other meeting this week, when the fate
of the proposition will likely be def
nitely determined. Dexter failed to
meet running expenses by about $4,000
last month, and the stock has suffered
some reYerSeS.
Some blame the new management
20, Da ~ 10 ct
but ii has been necessary to do a lot
Of dead work, which accounts to some
extent for the deficit. A better record
will likely be made this month; at
least, directors of the company give out
those assurances. Eagle & Blue Bell
has fuctuated considerably and closed
in good tone. Emerald did some bet
ter and Golden Eagle has been con-
siderably stronger. The complete
change in the board of directors has
had a good effect.
Grand Central sold up to S. during the
week and declined several points.
Horn Silver was inactive. There has
been some inquiry for IngOt. created
by the favorable showing being made
in the mine. Mammoth has held up
we'll, and Lower Mammoth took a sud
den squirt upward yesterday. May
Day has been a leader on the ex-
change all of the week and has fiuc-
tuated between 81 and S1.1S.
The stock closed a little weaker, but
some advances are confidently antici-
pated. The initial dividend is likely
in May. Northern Light has hung
around and 6 cents a share until yes
terday the stock went above the latter
figure. PetrO has been fairly active,
but did not hold up to the prices at
the beginning of the week. Mercur
has been in fairly good tone. Ontario
was stronger, but the stock is still
scarce Silver King has held up to the
usual prices, but Sunbeam has suf-
fered some serious reverses and
reached the lowest point in many
months yesterday. An assessment of
10 cents a share has been levied, and
the mine has been ordered closed down
for the present Yankee Consolidated
was stronger last week. but no one
seems to be able TO account for it.
There is nothing new reported from
the mine.
The sales made during the week are
noted as follows: