The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-06-02
NAY SALES REACHED
NEARLY A MILLION
Big Month on the Mining Stock
Exchange.
CHANGES DURING WEEK
NEW RECORDS BY DALY-wEsr
AND YANKEE CON.


With Daly-West at $40 and Yankee
az SS.22, new records for both stocks.
the week closed on the mining stocls
exchange A good business was done.
In all 55.0Q5 shares changed hands yes
terday for s21.O11-75. as compared with
zo,sOo shares. at $12,475.25, a week ago
465.2O1 shares at SIS. 0S9.17 on Nav
aho 1890 shares at $3.50. %. on June 7
81 ago Inc total sales for the
month We're 1.8S0.575 shares. with a
SeIllng value of $892. 457.S5. one of tha
exchange. u eile
"A majority of the stocks show de-
SllIleS Tor the week and for. the r,7o,tE,
The great executions are The to 49, II
mentioned. "A week ago Dalv- VVes+
was wanted at not over SAG 02iL Will
May ] a sale of fifteen shares was 1,gCIe
o. gao-IO, with. the stock considerably
IA oo,,l GQIlng the month. The splen-
oIu conditions at the mine. with tbe
poSsi ointy of an increased dividend
IIaNe Deen the causes for the advance
80 q year ago the stock was of
le Ia az SlLOS, with S17.01 bid
1nere was no change in the sit,,a+io,,
At the mine in Yankee veStey17e,1, -
me puylng orders which have been in
eVIuglce Tor several days forced the
market up to 1922 This iS
81 advance. of 81 cents for the week
q ca 1909 closed the month before at
80, DIT me month saw it consider-a F,I11
weaker, During the month the Hmm
Dug purchase has been added 10 a.,
eSsetS OF the company. the stock beine-
- - - St9eu from 100000 shares to 500. 600
SIdFeS TO admit it. The r,,7o,1a,.tIr' -
equipped with electric drills ana 0tI7a,.
1 IdcIIltles Tor pushing work to the hes
81 NdhIage, and now there is taFlS Of
ulNldends within few months.
Activity in Asav
The most active stock on the board is
AJAX The price has remained -Dractf-
caily stationary for several daVs b95t
the transactions have been heavy. s. 5O0
shares changing hands yesterday. The
opening was at $I.25. the low price
$l-221s, and the close 81. 22%. The eiose
week ago was at S1.17ss A month
ago the stock opened at S175 and sold
Gown TO SIS, closing at 81. 27s[ This
was the day of the great crash in Mar
Ia tils1 W dshlnSton, and Ajax, which has
Desn Lor some time sensitive stock
Went down with Martha and the rest of
the list In April Ajax sold AT 81 "a on
the curD on the rumOr that there had
Deen strike on the 1,000-foot level.
This rumOT proved to be Drer,s, t,,,-e
There was delay while an air CON
preSsor and power drills were being in
stalled and the stock sold down as low
as Slug during the month Last week
me new equipment was placed In on
LII anu now QFlIJS are being
puSQed IN two different directions after
Two separate veins. and it is the frlten-
lon or the management to 20 after a
thlfd vein which is believed to exist in
the property at that level Already
signs Of vein matter have been found
ana the talent predict the early un-
covering of ore bodies such as con-
tributed the $1,0g0.00O in dividends paid
Dy the Old CopperOpolis before it be-
came a part of the Ajax.
Lower Mammoth closed af e 81 YES
terday, a cent lower than the bid price
OF the next previous Saturday. While
2 month before the close was at 81 361L
NO change is reported at the mine
winch Is looking as good as ever. and
dlVldends are expected before the close
OF the summer. The selling has been
largely from holders who have been
alsappolnted IN not receiving dividends
Mammoth has not changed much
during the week, but is stronger for
the month, S2-40 being bid Yesterday
as compared with SIPS bid a month
DeIore. Talk of increased dividends is
at the bottom of the strength.
May Day has shown great irrl@grove-
ment in physical conditions and has
pald z-cent dividend, but the stock
mas receded from the high water mark
OF 961z cents made SATURDAY. of fba
previous week 1t closed yesterday at
6SA bid and SO asked, with no sales
Y ne close of month ago was 81 cents.
Two splendid strikes of high grade, ore
nave been made since then and the
mill viii be in operation in a very short
time IT had been hoped to have it
running by this time, but there have
Deen delays When this is running it
WlI contribute largely TO the exchequer