The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-09-01
MINING STOCKS
DURING AUGUST
Exchange Sales Were 1.562,552
Shares For 81, 241,127.
MONTH OFFLUCTUATIONS
FALL TRADING EXPECTED TO
BE VERY LIVELY.

The dog days" of summer are at an
end and the mining share market has
stood the ordeal without serious con-
sequences. Now that the heated term,
which has been a severe one, is at an
end and the vacation period is prac-
tically over. everybody is looking for
ward to heavy fall business and a
consequent stiffening of prices.
August has probably witnessed great
er fluctuations in prices, particularly
during the last half of the month, than
at any time during the summer. The
general tone and stability of the mar
ket has, however, been remarkably
into consideration that several big
companies have been launched and
financed for great sums of money with
out so much as a suspicion of disaster
TO the older securities.
During the month the exchange rec
ords show that J, 1852, 552 shares sold for
S1,241, 127-05, the closing weeks record
being 36S,0S9 shares for 1925, O16.76 as
against 460,924 shares for SS1S,949.1 the
week previouS-a comparison that
shows the higher priced stocks to have
had sway during the closing days Of
the month.
Ajax, the most sensitive member on
the list, has been up and down all
through the month, closing little
higher than it began at $1.651z.
Consolidated Mercur has moved
about between 81. 20 and 81 50 and closed
at $2.7212 bid and 81. 80 asked yesterday.
DAILY has been very strong all month,
though interest in it has Jagged during
the past week. Sales have all been
above $40.
Daly-West has suffered a decline of
81 share during the month, while
Ontario has stiffened up and sold close
around SO per share.
May Day has dropped from 81 .671z to
S1.53 and recovered to $1.59A, at which
the final sale was recorded yesterday.
Uncle Sam Consolidated, that closed
July at S2-2612 to $2.36 and opened the
month of August at S2.10, has suffered
| considerably through the f1otation of
! Carisa, and only once or twice has il
passed the 50 mark It has held close
to that figure, however, and with the
announcement of its initial dividend
the next three or four days, it will
again walk up the line. 1t has now
/ accumulated magnificent reserve is
marketing over 81, 600 worth of ore per
day and doing splendid work in the
development of its rich domain.
Ben Butler, with it's scrap with the
Liberal owners still unsettled, has
dropped back about cents a share
during the month During that time.
however, additional valuable ground
has been purchased and the mine has
made splendid record for produc-
ton 1t is counted upon to pick up
again during September
Tetro. with a strike to it's credit has
jumped from Is cents to over 40 cents
share, and during the development
of its vein the price has eased off to
between sc cents and 81 cents
Victor, the nearest neighbor of the
Carlsa, also made a sensational ad-
vance on the report of a rich strike
about ten days ago, and it went bound
! ing up from 20 cents to over 40 cents
like a skyrocket. Rich ore has un-
doubtedly been struck, but the guam
t1ty has not yet been disclosed, and on
that account the price has gradually
receded until yesterday it closed at %
cents. Its neighbor adjoining on the
side, the Boss Tweed, has shown re-
markabie strength and from 35 cents
at the beginning of the month it has
climbed to nearly 80 cents and closed
with IL cents bid, 471z cents asked.
Eagle & Blue Bell has been one O;
the erratic performers. One day il
would sell for more than 81 and the
next go down to 50 cents or so cents
The much talked of option on the
control at $3.50 a share expires Monday
night and no one expects to see il
! taken uI;.
/ United Sunbeam has declined from
80 cents to So cents, while Sacramento
has tumbled from 81 cents to POS.
/ cents
Lower Mammoth has also been al
| the mercy of the bears, who have
Knocked it down from $685. to S2.35 q
/ share.
Joe Bowers, Northern Light, Little
] Chief, West Morning Glory and a num-
! Der OF others have held a fairly even
/ course and nothing sensational among
/ them has occurred.
september looms up auspiciously and
/ the greatest fall business in the his
/ tory of the exchange is being predicted
/ in all quarters.
The day. week and month closed on
| the following quotations and sales: