The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-05-26
NAY DAY AND CENTURY
WERE THE FEATURES
Heavy Sales of Former Stock
Last Week.
ADVANCE IN CENTURY
AJAX WAS ACTIVE THROUGH
THE WEEK.

May Day was again the star at the
single session of the mining stock ex-
change yesterday. being by far the
most active Of the stocks-in fact the
only one that showed great signs of
IRE. In all $500 shares of the stock
cents Jump. of 90 cents over the
close of the day before. From this the
price climbed steadily under the heavy
Duylng orders until it touched 961a
cents. At this point the offerings be-
gan 70 ONerbalance the bids, and the
price eased off to 9115 cents. closing at
u 70 cents. The stock closed the pre-
VlouS week at So cents. This squirt and
tIldt OIL century were the features of
the dd4 week. The MAY Day activity
was caused by the strike added to the
recent dividend and the prospect that
the mill VIII be in operation within a
couple OF weeks, adding greatly to the
cOnlpany'S revenues. Century went IN
on the highly encouraging reports from
the mine and the prospect that the i'm
prOVementS in the mill will put the
property soon on a dividend-paying
basis On Saturday of the previous
week Si.81 was bid for the stock. and
SIS5 asked. During the week sales
were made as high as $2.54 Yesterday
S2-25 was bid and $3.50 asked, with no
sales.
Mammoth has been strong tbroueb-
out the week on the rumOr that an ex-
ira dividend might be declared The
property Is now shipping heavily and
the management hopes to pay an extra
dividend of $4,000 within a month. A
week ago the stock was held at S2.43,
with bids of $2.321R. Yesterday 50 AZ
was bid for the stock, but none was to
be had at less than s.. SO.
Lower Mammoth was inclined to be
weak. 1t closed the previous week at
S4O472, sold last week as low as $3.50
and closed 1882 bid and S4O1 asked yes
terday 1t IS said that the selling has
| been principally by holders who have
become impatient waiting for divi-.
dends, and that the stock is being alb
SorDed by insiders. Manager Simon
Hamburger is not willing to saw when
the paying of dividends will begin. but
/ tney are confidently expected before
the end of the summer
Ajax, neXt-door neighbor Of the
Mammoth and Lower Mammoth has
| been an active stock throughout the
Week, but its range has been narrow.
1t closed the previous week at $1155s
and the final sale yesterday was made
at $l.ltas, although d higher mark was
touched during the week. There has
been no change at the property dur
/ ing the week The compressor is not
/ yet IN operation, and extensive deVeI-
opment awaits this. The future price
/ Of the stock depends entirely on
| whether the ore bodies are opened I'D
/ as expected on the 1.O00-foot level It
/ is significant in this connection that
large purchases of the stock have been
made in the last two weeks by men
I FAMILIAR with the Mammoth and Low
er Mammoth workings
Joe Bowers spurted to 612 cents, and
! then dropped back to Az cents, closing
| the week with SIS cents bid No
/ change is expected at the mine now
/ until after the stockholders meeting
] June %, when directors will be elected.
/ and other assessments levied to sink a
/ new shaft on the property.
| Yankee was lower during the week
I 1t closed the previous week at 81 q6
/ sold last week as low as $2.55, and
| closed at SIS. The increasing of the
| capital stock from $50 900 to- 500, 600
/ shares is used as an argument by the
! bears, while the friends of the prop
! erty say this is more than made up by
/ the value Of the new ground acquired
| and by the increased amount of ore in
| sight
Ben Butler continued an cratic
( stock. In the face of a strike and of
/ shipments that are more than keeping
| up the expenses of development. the
| stock sank during the week from 1Izk
and - cents down to S1z cents, at
which the closing sale was made yes
i terday.
Martha Washington was in a sorrier
! plight than ever during the week
Closing the previous week at "a cents.
the stock sold at 8 cents during the
/ week, and closed yesterday at 80
1 cents.
III OLHeI STOCKS the net changes We're
/ small.
During the week 253. 635 shares of
stock were sold for $137, 64S.43 This is
a falling off from the previous week
Of approximately $4,000. Regarding
! the recent duIlness in the market w
| H Tibbals makes this interesting com
ment in his weekly letter, under date
| of May "a:
Comparing the business of this
season with that of last year at this
time, we find that we are having a
great boom. A year ago today $500
shares Of stock sold, while yesterday
/ the sales amounted to $4,000 shares.
| although the day was a very dull one.
! A year ago Daly-West was selling at
/ $16.75 per share, Lower Mammoth 80
cents, Star Consolidated p cents, VaIeo
81 cents, and Yankee 10 cents. And
these We're all the stocks dealt in on
that day. 1t will be interesting to
! compare these prices with the prices of
the same stocks today"
CLOSING quotations at yesterday S
session, with prices paid. were as fol-
lows:
Bid IAske1