The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-07-07
STOCKS ARE BOOMING
DESPITE HOT WEATHER
Last Weeks Sales Aggregated
Nearly 100000.
BIG ADVANCE IN AJAX
SOLD UP To TWO DOLLARS ON
THE EXCHANGE.

The first week of dull July has
closed with sales on call aggregating
SIG, 923 shares for S271, 60O.29. The force
of these figures is brought out more
strongly by a comparison with the first
week in July of last year, when 40, lSS
shares were sold for S20, 906.99- This
total for a week was exceeded at the
single session of yesterday, when 5lSOO
shares were sold for $3l, HE The
sales for the corresponding day last
year were 2,325 shares, at $7,76S.S1.
Ajax was the star again at yester-
days session. The steady improve
ment in conditions on the 1,OOO-1oot
level has been reflected in the course
Of the stock. The announcement that
two big ore bodies were all but opened
up coming from the conservative man
ager gave great strength to the stoqI.
After closing Friday at Sites and sell
ing ia s. on the curb the stock opened
yesterday at S1.99. 1t sold up TO 81,
and then realizing sales sent it down
to S1.55, with a reaction to $1.9112, the
close being at $751;. The close a
week ago was at S16S3s. A year ago
the stock was selling at 1872 cents.
Ben Butler fell a prey to the bears.
The stock was pounded down yesterday
for no valid reason from 14$4 cents TO
l3 cents, a loss Of 31s cents over the
previous week.
Century has been strong during the
week. Closing the previous week at
$3.50 asked and $2.22 bid, it sold yester-
day at 1886, closing at S2.541z, The
prospect of a greatly increased output
in a month when the facilities of the
mill are enlarged has caused de-
mand for the stock, comparatively lit
tie Of which is on the market.
May Day closed the week at a small
net advance. The close of Saturday Of
! n while
yesterday sales were made at $40 and
the close was at 81 90. The progress Of
tn new mill is being watched with IN
terest, and its success or failure is ex-
peCted to have a marked effect on The
stock.
United Sunbeam has been, active and
strong during the week on the repeated
rumOrs that there is a good showing Of
ore which is being kept secret. This
has been denied, but buying orders
have been in evidence. The stock sold
yesterday at 80 cents, with Decent
assessment to pay, and the close was
at 9S1s cents, as compared with 81
Sents bid a week ago.
Lower Mammoth, which sank back
recently. has shown more strength dur
ing the week Sales were made yester-
day "a $3.50, as compared with S3.t21z
at the close of the previous week. The
developments at the property continue
to be encouraging.
Tesora has been an active stock,
scoring a decided advance for the week.
Closing the previous week at S612
cents. it sold last week as high as
SI3O. Yesterday it opened at S1.21, sold
at S1.2212, and closed at S1.21%. The
new mill is doing splendidly, and the
increase in production and profit have
been the cause for the strength in the
stock.
West Morning Glory was held up well.
going during the week from AZ cents
to cents, and closing yesterday with
the sale of 5000 shares at as cents
Martha Washington has been forced
down by assessments to 2 cents, at
which a sale was made yesterday with
a sellers ten days option.
Yankee has weakened from its high
pinnacle of a short time ago Closing
a week ago at $3.50, sales we're made
during the week at $4-S5, and yesterday
there were offerings at $4.95 with bids
Of $4S5. The showing at the mine is
improving and shipments Will be forth
coming within a couple of weeks, &C
cOrding to the management, as the tun-
mel viii have been Strengthened by that
time.
At yesterdays session trades We're
recorded in several usually sOmnolent
stocks. Dalton sold at IL cents, En-
erald at - Golden Eagle of Winnie
mucca, New, at ~ cents, and La Refine
at Al cents.
The close yesterday was as follows: