The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-06-03

Mining stocks were quite active last
week and the general tone of the mar
ket was an improvement over the pre-
ceding week. Ajax held no to strong
figures and there was considerable in
curry for the stock, but no one seemed
willing to sell for the prices bid for it
and it was passed without recording
anv transfers.
Bullion-Beck continued strong; the
mine is running along favorably and
the shipments of ore during the past
month amounted to thirty cars, besides
six cars of concentrates. The ship
ments for last week amounted to
twelve cars. The management for
some reason is giving out but little IN
formation these days, so as rule the
public is in the dark as to what is go
ing on, but enough is known to create
a good demand for the shares.
Boston & De Lamar and Bunker Hill
of the speculative class of stocks were
transferred some but there is little
doing in any of the secOnd-class Sc
curities.
Chloride Point is not wanted, but
Centennial Eureka continues in de-
mand. Local investors are holding onto
their shares and they are not in
mood to unload at present prices.
Dexter is still weak and uncertain, and
there seems little chance for improve
ment IN that direction unless there
should come a change for the better
through the pending deal for the sale
of the mine Daisy is still idle and
the receiver appointed some time ago
has not announced any plans for the
future, but the stock has been traded
in at a fraction of a cent a share.
DAILY West closed the week higher
Four Aces has been an attraction for
some between 4 and cents.
The Scent assessment levied by the
directors of the Geyser- Marion COM
pany knocked the bottom out of that
stock and it was offered at very
low price during the week.
Joe Bowers and Joe Bowers EXten-
sion are still low. New pumps have
been installed in the latter mine and
officers of the company say important
developments are likely in that prop
erty soon.
Lower Mammoth went UP during the
week and sold above 20 cents one day
No reason was assigned for the adj
vance, only that the executive COM
! mittee. which has the management Of
the mine in charge. has concluded sat
/ iSfactOry arrangements with the
smelter trust to market its lOW-grade
ores at a very fair profit.
The deal reported to be on for the
sale of a control of the Mammoth mine
has not been pulled off yet A divi-
dend of cents a share will be paid
next Thursday. AS a consequence the
stock closed the week few points
! stronger.
May Day also made further advances
over prices quoted a week ago. The
new strike in that property is holding
out well. A carload of ore from the
recent strike will be sold on tOmor-
rows market and the result of the as
says is being watched with interest.
The real event of the past week was
the closing of the deal which has been
pending for some time for the con-
solidation of the -Mercur and the De
Lamar mines of Mercur. The new
company is to be known as the Con-
sOlidated Mercur Gold Mines company,
which will be capitalized for IS, geo 600,
divided into 600, coo shares. The MercuF
stockholders are to get a one-third
/ interest in the new corporation. while
/ Captain De Lamar will hold the hal
ance. The announcement made yes
terday that the deal had been consuTn-
mated had strengthening effect on
I MeTcur stock.
! Ontario was inactive last week and
/ PetrO showed no improvement.
Swansea. went up a few days ago.
/ The directors surprised the stockhold-
( ers with a double dividend amounting
( to $4,000. The stock went up from
! 1885 to S414
; Star Consolidated climbed higher by
/ leaps and bounds for several days. and
! sold above a half dollar, the strike
reported from the mine being the rea-
son. No ore has appeared on the mar
/ ket yet from the new find. Some are
I still sceptical about the merits of it
and an uneasiness was noticed toward
/ the end of the week and as a result
4 there was a softening in prices.
/ ValeO and Yankee Consolidated found
/ a few buyers during the week.
/ The sales made on change during
/ the week were as follows.