The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-04-14
MINING EXCHANGE
FOR THE PAST WEEK
Nearly 100000 Shares " ere
Sold for S262,492.5O.
MARKET WAS BULLISH
SOME SENSATIONAL ADVANCES
WERE RECORDED.
MARKET WAS BULLISH

The past has been a remarkably
lively week on the mining stock ex-
change. The market has been in the
hands of the bulls from top to bottom,
with isolated exceptions. In all 49O0311z
shares of stock were sold for 1852, so,
as compared with 2S7,O54 shares and
$145, 70S44, under a strong bear move
ment, the previous week.
Early in the week il became appar-
ent that a regular afternoon call would
better serve the needs of the brokers
and members of the exchange, SO, pc
ginning Thursday, the open call IN
vogue during the afternoon was ADAM
dOned and a regular session SubStl-
tuted. The move has proven very pop
ular and a heavy afternoon business
has resulted.
The sensation of the week was fur
nished by Yankee Consolidated, which
one week ago was selling at ZS cents TO
so cents. Monday, on report that the
ore chute had been encountered IN the
upraise from the tunnel level II
jumped to 46 cents. Tuesday 1t reached
6S cents, Wednesday 50 cents, Ihurs-
dav 81 o. Friday SlI6, while yesterday
il opened with a sale at LAO and then
eased down and closed at $1.22- Those
behind the movement declare that II
will go to 81, and eXtravagant as the
claim seems, there is little doubt that
LuGN CdH put II AlldL MS H. VI 1AA65AANA ,
if they care to.
May Day. the Yankees neighbOr on
the west, with magnificent ore bodies
blocked out, marketing about car
load a day and on the verge of having
a great mill go to work on it's second
grade ores on a royalty basis, has ad-
vanced mOdestly by comparison from
6S cents bid a week since to 81, clos
ing on a sale at cents under that
figure.
Loo
week, and which closed then at 50
cents. has gradually worked up to
$1.1212.
Consolidated Mercur has fuctuated
between $3.50 and $685., closing the
week on a sale at the former price
DAILY has held close to 1920 and DAILY
West has ruled considerably lower,
though no sales have been made under
$34.20 1t closed the week at 1880 bid.
Grand Central gave indications of
complete recovery from its slump of
last week on Monday, when il sold up
to $7.15. 1t fell back to 1888 on Thurs
day, however. and closed the week at
$3.50.
Lower Mammoth has fiuctuated some
and on Thursday touched a low mark
OF $4.35. 1t did business yesterday at
$4.45 to SAL.
Mammoth has been firm and rather
inactive at and around $3.50.
Silver King sold a $50. the highest
figure it ever brought. while Ontario
has been sought at $S.25 to So with
$l0.25 to S10.75 demanded
Star Consolidated, which began the
week at 40 cents to so cents, has
shown greatly improved form and
closed at 10 cents above those figures.
Sacra mentO has held it's own Silver
Shield and Northern Light have showed
signs of weakening. and Martha Wash
lnSton has slipped back from 1SH
cents to 1415 cents,
active and strong. while Ben Butler
has ruled cent or so under the pre-
Vious weeks prices.
Many other shares have held a place
IN tne active list during the week, and
on the whole firm to ADVANCING n,.icee,
have been registered
me following table shows the vol
ume OF Zach days trading during the