The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-12-30

tangible has come of them yet. With
the exception o. work by leasers the
properties are nov practically idle.
Inside support held Albion steady, al
though the shares always showed some
rather heavy fluctuations whenever
any pressure to sell was eXerted.
Bullion-Beck.
Through the fact that the Bullion
Beck has remained out of the active
dividend column since November. 1899,
interest in these shares has been linn
tied, except as developments of import
ance have occurred at the mines, where
there nave been periods of activity and
runs TO higher figures. There is. how
ever, but little change between the
opening and the closing quotations. A
great deal of development work has
been under way at the mines, and re-
suits have been very gratifying, es-
peciaily in connection with operations
on the south side, where practically a
new mine seems 10 nave been opened
up. As these new ore bodies are placed
III condition for economical production,
it is expected that the company viii
resume dividend payments. 1t viii re
quire this action or some such of1clal
assurance to awaken the shares 10
renewed a~ctivit-.
On account OF the suspicion that still
attaches to Buckeye through n over
issue of is stock, the shares have been
practically neglected. OF course the
company will be forced to stand behind
its stock, but even this assurance mas
not restored confidence.
Ben Butler was active all year
Centennial-Eureka.
CentenniaI-E Eureka raid two quarterly
dividends of 81 per share, and then re-
duCed the amount to so cents per share,
in order TO provide a treasury surplus
with which to make certain very de-
siTabie improvements at the mines, in
Guiding reduction works for the treat
ment OF its vast quantities of loW-grade
ores. The Did association paid its
stockholders the sum Of 81, 200, and
q out on business During the year
Observation-Disclosures shares sold as high
as 81, and as low as SI1.50. They close
the year without net loss, at about S25.
The number of stockholders has in
creased very materially, and the stock
is now thought to be in splendid CORN,
many Of its former disQuieting ele-
meuts having besn removed by the large
blocks OF underwater shares having
gone into investment hands. The mines
have produced a steady stream of ore,
daily shipments averaging better than
100 tons.
Chloride Point developed a little
bo0mIet in January and February. Tis-
ing to p cents and displaying much
activity. From this figure it gradually
receded. with occasional uUturnS, until
it closes the year at practically nil,
and with the company in the hands or
q receiver and owing something /
$40. 000. This unfortunate development
was the result of failure TO open up
pay ore bodies at the mines, and after
the middle of the year h proposition
was operated. at steadily increasing
loss. The future is uncertain, but some
arrangements looking TO a resumption
OF operations may yet 'ne made.
Mercur Consolidation.
In June the great De Lamar and Mer-
cur companies were consolidated. IN
der the name of the Consolidated Mer-
cur, and organized with LOCO, 600 shares,
under the laws Of New Jersey This
great combination was fully effected by
Aug. J.. The old Mercur company paid
a total of S115. 900 in dividends during
the year, and has something like S15.-
000 yet for the stockholders. The Con-
solidated Mercur paid il cents per
share. or $40. 900. at the close of its
second month, and is expected to de-
clare its first quarterly dividend in
January, 1901. This payment should
be 10 cents per share. lust prior TO the
consolidation. MerCur shares were
rather cratic, and ranged between
IS % and $3.50. The reduction of the
quarterly dividend 10 121R cents had a
very depressing effect, and h PROPOSE
ton to consolidate with the De Lamar,
50 as TO secure vastly improved milling
facilities and other desirable ends. was
readily agreed to by the stockholders.
This move attracted great attention to
the stock. and before all the shares
1870 a1TH1a IN for anaEGHan the nnnn