The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-10-27
MINING STOCKS
WERE ERRATIC
The Week Closed Yesterday With
Unsatisfactory Conditions.
TOTAL SALES OF $3ss, $50
GOLD, COPPER AND LEAD STOCKS
ALL SUFFER.

The fourth week in the most cratic
month of the year closed on the min
ing exchange yesterday. During the
week 562.060 shares of stock sold for
sSss. s6O.lS, yesterdays proportion of the
business done amounting to &C, $50
shares and s23,27O62.
Mondays business augured we'll for
better market and not a few of the
operators expressed the belief that
steadier prices would prevail BY Wed
nesday, however. a weakening was no
uceable and the next day a great slide
down the toboggan was recorded. A
Slight reaction occurred Friday, and
yesterday another tumble occurred.
Yesterdays weakness is attributed in
measure to the announcement by the
american Smelling company that lead
producers, rather than those who have
contracts, would be required to settle
on $40 instead of a $3.50 basis. The
order affects very few shippers and
FEWER stocks, in reality, but the mar
ket has been 50 sensitive of late that
1t did not require much to AFFECT it
Ajax sold down to SSJb cents as
against about 81 on Monday, notwith-
standing the fact that it ships more
copper than lead ore, while Carisa.
which is straight copper-gold propo-
sltion, closed nearly 10 cents under
Monudy SelIlng prices.
As an evidence that the future out
look for lead is only partially respon-
s1ble for present conditions, Consoii-
dated Mercur may be used as an illus
tration. On Monday 81 and $2121h
were the prices bid for it. Yesterday
the best offer was $1.S0, and that prop
erty, as is generally known, produces
gold alone.
Daly-West, that sold Monday for
$3.50, has been steadily declining, I'M
Ill yesterday it closed at $40 bid, $32. so
asked During the day. after call, it
was to be had at S31, with $50 bid.
May Day opened the week around
1-15, while yesterday it was hammered
back from $1.07 to 81, closing at $1.031a
bid
Tesora, with its chief values in cop
per, has registered loss of about 16
cents a share since Monday, being an
offering yesterday at 541s cents, with
cents less bid.
Boss Tweed scared to s1.61 on Mon
day and closed the week at 60 cents
bid
Ben Butler was unloaded at a rapid
rate yesterday, closing about cents
under Mondays figures. at 161s cents,
after selling at 16 cents.
Tetro was held steady around 35 cents
all week, after taking a flight on Mon
day up to As cents, due to a report
that ore had been struck in the winze
from the tunnel level, Whlie victor Iell
back or cents to So cents.
Uncle Sam was selling around S1.30
on Monday, but since then it has grad
ually declined, until yesterday it went
as low as $1.07.
Little Chief, on the strength Of I'M
verified reports that strike had oc
CURED on the 800 level, shot up about
10 cents a share, though it fell back a
cent or two yesterday,
Lower Mammoth has been knocked
from $3.50 to $2.5S and the balance of
the list has been banded about much
as the talent has seen fit to handle it.
Altogether the week has been any
thing but satisfactory, and but little
hope is held out for improvement this
week
Closing quotations and sales yester-
day were as follows: