The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-04-15
Germania Shelter Strike Was a
Disturbing Element.
WEAKENED THE PRICES
WEEK CLOSED WITH STOCKS IN
GOOD TONE.
Local Demand For Centennial-E ure-
ka-Investors Tried to Get the
Stock in the East-The Advance
In Lower Mammoth-Mammo
Also Goes Up-Quotations.

The market for mining stocks was
disturbed somewhat last week by the
strike of the employees at the Germania
plant of the American Smelling &. Re
timing company. For several DAYS it
looked as if all the smelters in the val
ley would be forced to close down.
The men demanded d raise of 50
cents DAY in their wages. which was
refused by the Smelter management
When the refusal was announced the
men nearly all quit work, but the walk
out was short-liYed; the strikers lacked
organization, and although the Ger
mania plant is running al. reduced ca
paclty, 1t will only be question of a
few days until everything is going at
full blast again. As a result of the
threatened troubles, however, the in
VeStment stocks were all feverish and
sank to low point. On Thursday they
began to recover, and the week closed
with everything in good shape again.
Ajax held up well, but no transfers
were recorded. Alice and Anchor were
both inactive, ais they have been for a
long time
Bulion-Beck received some attention,
but few transfers were made. A vigOr-
Gus campaign of development work is
IN progress at the mine, and not so
much attention is being paid TO the
extraction of ore just at present, but
enough is coming in 10 more than pay
the operating expenses.
Locally there has not much been
done with Centennial Eureka. Holders
here haven't any stock for sale, the
market has been a little weak, and in
VestorS have been trying to buy the
security in the east.
Chloride Point is still at a low ebb,
but in the last week a nice shipment of
cyanides has come in.
Daly-West was in an unSa tisfactory
shape for several days, but yesterday
the stock had recuperated pretty well,
and was quoted at the prices noted
just before the smelter troubles began.
The mine is showing up better all the
time, and there is no letting up on ship
ments. The regular dividend of $50, 800
was distributed yesterday.
Dexter was a little more active than
it was a week ago, but there has been
but little change in the market price
for it. There is a deal pending for the
sale of the mine at a good figure, but
it is too early to say whether anything
will be accomplished or not. Daisy
found some takers around a half a cent
a share The loan of SIS, 900 secured by
a trust deed becomes due tomorrow 1t
Will not be paid, so it is quite likely
before another week closes foreclosure
proceedings will be started.
Eagle & Blue Bell showed some ac-
tivity, but at low figures.
Four Aces has been in a little better
tone; it was strengthened by the dis
cOvery of a new ore chute, which
promises to become quite important.
Geyser-M Marion only received a pass
ing glance, while Grand Central has
oil fol III he 5pa e
sidered to be in a good physical condi-
ton.
Lower Mammoth has really done bet
ter than any other stock on the board.
1t has held up to firm prices, and closed
the week in strong favor, around 90
cents a share.
A shipment of ore came in which
Melted the company something like ~
600; the lot consisted of fIIeen tons.
Mammoth fell down when the smelter
strike came on, and when it was at It's
lowest point sold at few points above
81 a share. Yesterday it was fully 70
cents higher.
The $4,000 dividend was paid week
ago yesterday, and there are pretty
good reasons to believe that when the
directors meet in regular monthly ses-
sion next week they will post another
for a similar amount.
Mercur dropped OF considerably, the
effect of cutting the regular quarterly
dividend down one-half The company
has had to go to considerable expense
in making needed improvements, which
is assigned as the principal reason for
the smaller distribution. There is Moth
ing new about the proposed -consolIda-
ton of the property with Captain De
Lamar's Golden Gate, and probably Will
not be for several weeks at the earliest,
as some needed reports have been for
warded to Europe, and until they reach
there nothing will be done.
May Day continues active. The main
ore chute has been intercepted in the
drift from the 1G0-foot level, and the
mine viii probably go into the dividend
column some time in May or June.
There was no change noted in On
tario; prices remain about the same.
The Swansea stocks are in good con-
ditiOn, but little trading has been done
in them; however, they have been quite
active
Valeo took a sudden turn upward a
few days ago. The probability Of open
ing up large ore body with the tunnel
now being run is the reason.
Yankee Consolidated sold freely, but
was a little lower, if anything
The sales made during the week are
recapitulated as follows:
No Shares Amount