The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-01-13
GOOD WEEK IN STOCKS
Sales Reached the Magnificent
Sum of SI64,039.27.
SHARES SOLD, 2f2.112
PRICES WERE GENERALLY
STRONG AND HIGHER.

The weeks business on the Mining
Stock Exchange closed yesterday on the
sale of 213,112 shares. which brought
Sl64.039.27, an increase over the pre-
vious week which brought the record up
I to the sensational point. The first week
of the month sowed the transfer of
only $3.50 shares, which brought S67,-
55O.74
The week was the most exciting in
the history of the board for two years,
and Lower Mammoth was RESPONSIBLE
for the craze which sent the shares Of
quite a number Of the companies into
the active list and caused no small
boom. Commencing Monday morning.
the shares of the company named sold
at s1.45A. and advanced from that fig
ure to SI.62 Later in the day it sold
up to $3.50. By Wednesday it had reach
ed 1894. and on Thursday S4.O5 a share
Since then it has held up and sold from
S3-45 to over $3.50, with $3.50 as the top
figure at yesterdays call Reports from
the mine during the week have been of
most encouraging nature, and the
property seems to have a very bright
future. Excitement and professional
! manipulation were responsible. mainly.
for the great heights to which the stock
sold, and though the price is considered
high for prospect the chances are
that the day is not so very far distant
when 50 or 81 a share VIII be considered
as modest.
In sympathy with Lower Mammoth.
Ajax also moved up at d good, healthy
/ pace, being sold yesterday at a clean 25c
better than on Monday, nOtWithStand-
/ ing that offerings, due to the reported
unloading of a heavy shareholder, were
/ very large.
Consolidated MerCur has nuctuated
| between 50 and 1915. and closed the
week at S3.15 asked. Tomorrow the di-
rectors meet and a good stiff dividend Is
/ looked for.
DAILY has advanced during the week
/ from S150 to 81 Guessing yesterday on a
sale at 1892. while DAILY West, having
commenced the year on SOC dividend
/ arrangement, went up from $27-75 to
/ $50 falling back the price of the divi-
dend on the closing of the books Friday,
and dropping a few cents more yesteT-
I da--
/ May Day has been rather active at
slowly declining prices, the quotations
1 yesterday being about Sc below those Of
I a week go. Work on the grade for the
/ new mill will begin next week. and be
] fore the plant is completed the stock
} will most surely show a better tone.
/ Northern Light has been unusually
/ active around ; cents, but there are no
| new developments of note at the mine.
/ Sacramento is off a little, and Star
! Consolidated has more than held its
! own. Some nice shipments are looked
/ for next week
Sunshine. with thTeate tened opposition
/ to the pending deal, dropped from 2Oc
/ to 271kc. though the receivers attorney
says the sale Of the property as pre-
viOusIy outlined will surely go through.
! Grand Central was held at S6-O4 one
| week ago, and sold yesterday at SJ-I5,
the fall being attributed TO the failure
] of the board to declare d dividend on
/ Tuesday. Very heavy shipments of ore
/ are being made. and many there are
! who expect the management TO begin
paying dividends again next month.
/ Mammoth has steadily grown
! stronger during the week, and yester-
/ day after call it was sold at $2.35. gain
/ from the Saturday previous of 2Oc-
! ValeO has become active at advancing
/ prices during the week, selling yester-
! day at SIC. against 2Sc seven days ago.
/ Some activity has also been noticeable
] in Yankee Consolidated, which has
ruled about 1c higher.
/ Martha Washington, Joe Bowers, Ben
/ Butler, Manhattan and others of the
| ICw-priced shares have also contributed
J literally to the weeks business, and
! not one of them has shown any symp-
/ toms Of weakness.
Following is the result Of each day s