The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-07-14
HEAVY TRADING
IN MINING STOCKS
Week Closed With Sale of 405,-
020 Shares For S276,635.
PRICES RULED LOWER
UNCLE SANS DECLINE AND SUD
DEN RECOVERY.

The volume of business transacted on
the stock exchange during the past
week exceeded that Of the week before.
Notwithstanding the depressing effect
or the hot weather and the gradual
withdrawal of operators for the cool
mountain retreats. Prices. however
have suffered and the indications yes
IeIGay were that a quiet spell may be
During the week 4O5.O20 shares of
STOCK sold for S276, $685.. as comparad
win 3lb,S23 shares and S271. 500 % for
me hrSt week of the month, and the in
crease came IN the face OF the fact that
a. yesterdays call trading dwindled n
z5,L00 shares, which sold for SIS. 297. rs.
AJAX, which touched S2.01 on Monday
mas steadily declined, and closed on
safes at $l.J172, Notwithstanding that
every Gay has shown an Improvement
IN conditions at the mine
mat the easing down in the market
mas Oeen due to no UnfavoTable condi-
lions at any of the mines is illustrated
IN the performances of DaIv-West
which on Monday sold for S44.25 and
yesterday at S42.921z.
ben Butler, with a damage and tres
pass SUIT on its hands, has held up very
We'll II opened the week at 14Ioc.
sIIPped back to 13c, and closed on sales
at l2A012c.
May Day, Tesora. Sunbeam and Star
Con. all Joined in the procession down
hill while TetrO Grand Central. Ia
Reine, Boss Tweed, BuIIion-Beck. Con.
Mercur, Century and Anchor held their
Uncle Sam Consolidated. which came
out as candidate for public favor on
tuesday morning, opened up with a
sale at 81, point II reached but once
after that It went down the line till
FRIDAY, when it touched bottom at
Sl-48. A further decline was antfcipa ted
yesterday, but it opened at 1.55. ana
advanced with each succeeding trans
Ter TIL the close, when sales were made
at SL6612, with final bid of S167. and
Sl-69 asked. This property is SEIZED
uled TO enter the dividend list in Sep
TENDER, and the operators at the helm
have taken no interest in the reception
accorded 1t on the board. The heavy
trading and consequent slump was due
entirely to selling by parties who had
secured stock at the subscription price
OF 81 share on the organization OF
the company, and figured from the be-
ginning In dlsposing of portion of
their holdings to pay for the balance
West Morning Glory, with a nice
showing Of ore or the 200 level. has
been a general favorite in the trading.
and 1t held up strong all through the
week
NoftheIn Light with the announce
ment that new shaft was to be put
down, stlfened up materially, while
Martha Washington, with an airing of
~ linen by special committee from
the exchange, closed the week in mucn
better favor.
Yankee Consolidated. along with the
other giants, was not allowed to poke
its head up without receiving a rap,
but no one suffered in the desultory
rounds that were fought
The business of the week and down.
ward tendency Of prices suffer by COM
parisOn only with the unprecedented
buoyancy Of the market during the la.e
spring and early summer. As compared
with a year ago the market is booming.
and it now looks as though the regular
summer slump would be of very short
duration and not at all disastrous
The day and week closed on the fol-
lowing quotations;