Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-12-21

setback did not material
ize and all sorts Of predictions were
mace regarding the condition of bus
iness this winter and preparations were
made for biz rush of transactions, In
the meantime some schemes were be-
ing incubated which were destined to
Interfere seriously with the plans OF
those who foresaid a gigantic winter
boom for stocks, and as usual the UNI
expected happened Instead Of
strong, we'll sustained market the pub
lie sees that prices have gone to pieces
and the whole market utterly demor-
allied The experience of 1899 has been
repeated and strange to say, It began
in October In both years, For all this,
however, the present year on the ex-
change has been a remarkable one in
many respects. The discovery of new
ore bodies In many properties early
In the year caused quite a boom which
made every one optimistic. There is
little wonder, then, that under such
conditions the market should become
a "bull' market for several months.
There Is no doubt that some stocks
were pushed too high during the sum
mer, but It is equally true that In
come cases the other extreme has been
reached In the last few weeks.
LIST WELDED.
During the year the listing commit
tee Of the exchange has paid a great
deal of attention to wedding out the
list Of properties called each day. As
consequence the list is now as free
from Wild cats as II has been at any
time since the organization Of the ex-
change. In looking over the list and
the quotations given Dec. IA there Is
very little to find fault with, either In
the quotations or the properties listed.
They are all, as nearly as can be ex-
pected, Legitimate enterprises, having
In view the development OF mines In
the claims being operated by the var
icus companies. In the whole list there
are few properties where the quota
lions on the board bear little or no /
relation to the value Of the property |
In these Isolated instances the STOCK 1
Ia pooled and the quoted bid is being |
maintained by insiders in order that
they may dispose Of their treasury
stock at the outrageously high price Of
IL or 16 cents a share, when II is dear
enough at cents. The pooling scheme
may be all right when the price
asked Is within reason, but 1t is un-
likely that many people will be found
who are so ignorant as not to see
through these frauds.
SHARP ADVANCES.
In reviewing the stock market for
the year, one Is struck with the sharp
advances in all stocks from January
up to September and also by the big
declines between September and the
close OF the year In the general
the dividend payers shared
honors with the prospects, and as a
consequence Daly-West moved up to
;44 share with predictions freely com
ing that $50 q share would be reached
On reaching its highest point, however,
Of lawsuit with the Quincy
was revived and the stock fell TO $780,
An Increase In the dividend and inside
support sent II back to $500. but the
of the metal market and the
slump In the market has sent It back
to around $780, Silver King which sold
at $3.50 earlier In the year, is now Of
fered at s17 The Horn Silver, an old
dividend payer, has taken on new life
Surfing the year through the discovery
Of new ore bodies on the 500 and 900
levels. AS result the stock has adj
vanced from around sl.2O TO 5000
share. Ajax started out January End
with sales at 10 and 81, but It advanced
10 higher figures partly on sympathy
With the Lower Mammoth, its neIghbor.
where the discovery OF some very good
silver ore had been made. Lower
Mammoth entered on It's boom In the
after part Of last year and continued
{ early in this year, untl as high as
il'5 was bid for the stock II weak
med on however, when II became
Known that great deal OF the ore dis
covered on the 200 aud 500 levels was !
ow grade. For several months II re-
NAMED firm around 81, but in the gen.
,ral decline It has since fallen of to
l.5o The new developments on the
900 level Of the Ajax were expected to
cad to similar or better results than
hose In the Lower Mammoth and the
took reached nearly g when body OF !
cad ore was discovered on that level. 4