The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-03-17
HEAVY TRADING
IN MINING STOCKS
Week Closed on S195,991.48
Worth of Business.
SHARES SOLD, 81, 21O
SOLD, 311,21O
INNOVATIONS ADOPTED BY THE
EXCHANGE.

The past weeks business on the
stock exchange. witnessed the transfer
Of 26S,S10 shares for S1s9, 500. 81, an in
crease of 56,5OO shares and $50, $3.50 over
the "eek previous Two innovations
nave peen introduced in the method of
DONG business, both of which will likely
prove very popular. The first was on
thursday, when the exchange members
decided to do away with curb trading
ana hold an informal call on the floor
OF the exchange during the afternoon,
making a record of each sale the same
as at regular calls This will permit
the publication hereafter of the actual
sales and the. ruling prices by author
ny OF the exchange, and thus give the
investing public a better understanding
OF prices after the close of the regular
call. 1t viii also afford an authentic
record of the real amount of business
transacted during the week, both at
ana after the formal forenoon session.
me second change decided upon was
ordered at yesterdays call, when a mo-
ton prevailed to suspend trading on
saturdays at o'clock. This will enable
the fraternity to take a half holiday on
saturdays. The order took effect at
once.
For Thursday and Friday afternoons
informal sessions 4, 400 shares were sold
Tor $26,1S4S7, making the grand total of
the weeks business foot up to 81, 21O
shares, and $195, 991.4S.
Ajax proved the chief attraction of
the week. the report of striking iron
stained quartz on the LOCO level during
the week previous having the effect of
starting it off strong on Monday at
$Il1. Tuesday it had climbed to SIPS,
ana Wednesday,. after opening at $1.27,
IL began to slip back, and with no en-
couraging reports from the mine-in
fact, no information of any character
IL continued 4 rapid descent and sold
down to low 81 ~ ENY~fdaX "
afternoon No sales were made yeSter-
day, and it closed at $1.0O1a and $1.O3.
Consolidated Mercur and Daily were
both inactive during the greater part
of the week. The former, however.
picked up yesterday and sold at SO Az
on opening, and eased down to $3.13
at the close of the call. On Wednesday
II went at $40 and $3.11. DAILY sold on
Thursday at $1.9O and 81, with the lat
ter figure demanded at yesterdays call,
and S!.S21h bid.
DAILY West sold on Thursday at $34 So
Friday it brought $500 and $3475, while
yesterday S35, $35.05 and $3.50 was paid
for it.
Grand Central, on the report of a sale
of the controlling interest, rose rapidly
from Monday till Friday, and sold all
the way from ss.S71s UP to $40, but
with the excitement over it fell back
to 1888 and s6.97 yesterday.
Johnny has been rather active dur
ing the week at about Csc. and Lower
Mammoth has chung close to the 81
mark. Mammoth hung around 1922 till
yesterday. when it advanced under a
lively demand from an opening sale at
$2.19 to 1921.
Northern Light. on the strength of
unverified reports of an important
strike, has been in lively demand, and
from TIC on Monday reached 1870 on
Thursday, easing down to 10c again
yesterday
May Day started the week at SIC to
571ac, and has held strong at soc and
better all week.
Sacramento strengthened during the
week, and closed about sc above last
weeks best figures.
Silver Shield has been slumpy and
closed the week about sc lower than
the week previous, at SIC.
Star Consolidated has been at the
mercy of the bears all week. and sold
on Wednesday down to 5715c, recover
ing to SEC yesterday. The movement
has been entirely professional
TesOra opened the week strong, but
no great amount of business has 1een
done, and fiuctuation in its shares has
not been great. 1t sold up to S5c Tues
day, and closed yesterday at 7Sc bid,
sc asked.
Valeo sold at 271A to 311sc. and closed
with a sale at SOC yesterday.
Martha Washington reached 1870,
and closed at 10c bid, 12c asked yester-
day. 4
Ben Butler has f1uctuated between
712c and SIZE, closing at INC and nc.
Little Chief has done business between
| lac and 15c, and Yankee has snurted
UP from lac to 17%c, on rumors of a
! consolidation with the Mountain View
! property, adjoining. The Swanseas,
Sunshine, Sunbeam, Bullion-Beck. Dal-
ton & Lark, Utah and several others OF
| the more or less active shares have
1 maintained Good form and the tone of
| the market as a, whole has been healthy
! and reaSsuring.
The following table shows the daily
/ record of sales on change