Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-11-23

The bear ls again abroad IN the
land Of mining stocks and the market
generally felt the effects Of his pre-
limlnary raids. Public opinion and me
mine owner credit themselves WIN
having forced this 'unwelcome brute.
into the retirement OF Ms retreat In The
mountain Businesses and fondly had
they hoped and predicted that many
day would pass ere his rolling gait
would again be seen In the marts OF
trade as Affecting the mining Industry.
But behold on this morning he CAME
waddling In alongside the bull WhO'
however succeeded in defending al Dut
the more exposed securities California,
Uncle Sam, DAILY West, Tesora ana one
or two others suffered somewhat whli'
Lower Mammoth, May Day and AJaA
finished In stronger form AS whole
however, the market was a rather weak
one and holders Of stocks were Nv
cllned to pessmistic view Of prices
within the next day or two. on the oth-
er hand, though, thore Is a determine
lion 10 defend values, with expressions
Of confidence In the ability of the ad-
yaucers TO check any downward
movement that may manifest ltsell
and thereby administer a much-needed
ionic to depressed and an Invalid
market
Opinion upon the desifabllity OF abol-
ishing future" trades Is about evenly
divided IN the membership Of the ex.
ohenge. and In discussing It all sides
OF the question are approached. Even
those who favor such abolition genel =
ously admit that the short mas right
TO his deal provided 1t be legllllra teS
and fairly accomplished, but they dep
recate the unmerciful slaughter tnat
has characterized trading tot the I'M
mediate past Brokers who faYor 'lh'
ture" business are unwilling 10 as
sumo the responsibility for this cruelty,
however, and some of them persist la
declaring that some banks ana bankers
are accountable for the mighty slump
I'm that they have imposed upon some
obligated holders OF stocks conditions
which they were unable to meet and
forced sales have resulted II Is claimed
also that in these sales at low values
some of the banks have figured as
heavy buyers and have come into pos
session of large blocks Of mine securl-
ties which they are anxious now To
have bulled up to big profit price.
when they win realize upon what would
L.. a.. "A
but which has been un-
fairly attributed to the bearing of the
market by the brokers.
However true either OF these positions
may be, the market Is In a very I'M
condition and the hope Is
expressed that improvement may soon
show itself.
May Day went in for business on the
call this morning and Is credited with
the highest gains. It registered sales
OF $500 shares, the price went sliding
up from 81 .O2 to sl.O5A, closing at
81 .O5h bid and 81 Oj& asked and the
holders resisting further efforts Of in
tending purchasers
Uncle Sam was also big trader, the
prices paid for the stock running from
so cents 10 IS cents. The brokers dwelt
longlngly at this part Of the list and
the result was that 1860 shares
changed hands.
Carisa sold as high as 80 cents, but
was hammered down as low as 961a
cents, being again carried up to 9iS for
the final sale Of hundred shares, The
bulk OF the business was done at ~
cents the total number of shares sold
being 4,400.
Ajax was held pretty steadily around
the Sl-cent mark and disposed OF $500
shares In that vicinity.
Silver King went on record for the
first sale In a long time, % shares going
to Capt. Egan at SIS apiece The last
previous sale was in Arril, when $3.50
was realized,
Daly-West was ridden down the slide
to closing bid Of s3l 20, and owners Of
the stock holding II at s32.25.
California did little business, letting
out 1900 shares al prices from So to
$751; cents apiece, while Tesoras deal
ings Of $500 shares We're registered at
20 to 80 cents,
When the exchange closed these were