The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-06-16
LIVELY WEEK IN
MINING STOCKS
Business Unprecedentedly Large
For This Season.
BOOM IN CERTAIN STOCKS
SALES FOR THE WEEK REACHED
Ss72, 5so.4s.

The past week on the mining stock
exchange has been a remarkable one
from every standpoint. Sales have been
heavy, and with very rare exceptions
prices have advanced and in some in
stances shares have doubled in value,
While the week closed with spirited
buying on change and amid intense
excitement on the curb.
The recorded sales on change
amounted to 428,7S9 shares. which
brought $372. $50. As, as against PSI, 762
shares and S345, 4S0.55 during the week
previous. Such a volume of business
at this season of the year is unprece-
dented in the annals of the exchange,
and the chief feature of interest in the
record is that conditions favor a con-
tlnUance Of the healthy tone far into
if not entirely through the midsummer
months.
The mines Of the state were never in
such good form as at the present time,
and as hardly a day passes without i'm
pOrtant disclosures being made, the in
Nesting public is following the market
with the keenest interest and every
favorable report results in renewed ac-
tivity in the shares covering the IA
vored property.
Ajax has hardly held its own during
the week, as no important announce
ment concerning developments has
been made
-
and sales at advanced figures over the
previous week have been Of frequent
occurrence, though the stock is closely
held.
Eagle & Blue Bell has made a sharp
advance, and While it was not traded
in yesterday morning had an afternoon
call been held it would have made a
record of over 81 q share, as against
nc as the high price one week ago.
Century that sold at S2.06 a week
] since 01n a 70 40 vy-11ila
Daily has climbed from S1.92 bid to
/ SEAL with several sales around $3.50
/ during the week.
/ Boss Tweed remained firm around
zoe. while Ben Butler has advanced
I from S3sc to 10c.
/ Lower Mammoth has maintained the
/ even tenor OF its way, and only frac-
/ tional changes in the quotations upon
/ it have occurred The same can be
said Of Mammoth, Grand Central and
! Con. Mercur.
/ May Day has been the sensation of
/ the week, as during that time it has
more than doubled in price, and the
/ sensational disclosures in the mine
/ seem to have fully warranted the rise.
/ One week since reports Of the finding
! of a fine body of horn silver ore sent
/ the shares UP from about S5c to Sl.Oo,
! and yesterday, when the announcement
/ was made in The Herald that car OF
core that was expected to bring S2O,0OJ
would arrive during the coming week,
/ the price shot up to 81 30. and after call
/ found buyers as high as S217. The new
mill viii be in operation by the close
of the month and big things are being
/ predicted for the shares when that oc-
/ ours.
! The unloading of a big block Of South
! Swansea stock early in the week
/ knocked the price down several cents,
( but an early recovery is predicted.
TesOra has proven lively member
/ since the announcement that its new
/ mill was completed, and from SlAc BID
/ it has shot UP to $3.50, with prices
! jumping to we'll over the 81 mark dur
/ ing yesterday afternoon.
/ Daly-West is now $40 stock, as not a
I share can be touched under that hgure-
/ Ontario has been diligently sought
/ and SO TO 5000 has been offered for IT.
/ 1t was held at So yesterday.
! Yankee has Tepnained firm at S4-bo 20
| S475. with only a limited number OF
/ shares changing hands. Richmond
/ Anaconda as we'll as TetrO have botl
l grown in favor during the week. and
/ like Little Chief. each have scored nice
/ advances in price.
Star Consolidated has been a little
/ stronger, as has also United sunbeam
/ while Martina Washington, Silver
Shield, West Morning Glory, Galena
Valeo and any number Of the less ac-
tive shares have been treated with con-
I sideratiOn at the hands Of the talent
| with the week closing on the follow
| ing quotations: