The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-08-11
MINING STOCKS
OFF DURING WEEK
Prices We're Generally SIumpy
and Transfers Light.
SALES 26O.435 SHARES
THE SELLING VALUE OF WHICH
WAS 1921, 347.5o

The week on the mining exchange
closed on the sale of $50. 435 shares of
stock for 1921, 347. so. yesterdays call
representing 26.5OO shares and S21. e47. 50.
The market has been very irregular
and the volume OF business done was
light in comparison with the several
weeks previous, though the falling off
was not at all unexpected. During the
week there has been quite an exodus
OF dealers and patrons of TIE exchange
Tor the cool mountain retreats. and
what has been true here has also been
true from all sections of the country
Where the business of the exchange
comes from.
During the past thirty days two
great mining companies have been
hnanced, and the great bulk of their
nearly 81, 250, 600 combined capital has
been absorbed in this market, a fact
tnat speaks volumest for the faith
which the home investor has in the
undertakings. That the placing Of this
vast sum of money has necessitated
the unloading Of other securities by
quite number of subscribers has had
Its effect on the general tone of the
market and lower prices have pre-
vailed. Ordinarily the hot weather
alone would have depressed prices and
Knocked interest in the business with
out any such additional drain as that
mentioned, so that on the whole no
one can find fault with the summers
record up to date.
Ajax has seen its ups and downs. and
JnOugn II sold as low as Slab yester-
day, 1t recovered and closed at S1.47H.
ABOUT &c under the figures at which the
week was started.
Consolidated Mercur has ruled at =
low ebb during the week, though it was
stronger yesterday than on Monday.
Sales have been few and far between
however, and an improvement was in
day.
DAILY has been unusually active and
prices have advanced several cents a
share 1t closed the week on a trans
fer at $40 whereas on Monday it was
TO be had at 1922
DAILY West was released in greater
quantity than has been noticed for one
week in the past several months, and
from $40 on Monday it went as low as
$3.50, closing yesterday at $3.50 bid
and 1915 asked
Dexter strengthened and was quoted
yesterday al SOC bid, against 76c on
Monday.
Eagle & Blue Bell has been knocked
about like shuttle-cOck. selling all the
way from 95c TO Slip and back again.
May Day has also been erratic. Open
ing the week at SI.621a. il was pounded
down by professional knockers to 81. 40.
Yesterday it opened at 10c above that
ngure, and was then crowded down to
Sl-55A- The new mill is understood to
be working satisfactorily. and as soon
as the toning down process, incidental
TO the starting OF all new plants is
completed. a statement of what it is
doing is promised the public
Lower Mammoth has suffered with
the rest, and closed the week zoe lower
than it opened, at 1855. The mine was
never in such prime condition. and
that it viii recover its lost ground
there Is no doubt.
Ontario has declined with each sue
ceeding call, though an order or two
for the shares would have sent it soar
ing on any day.
Mammoth has held it's own nicely. as
has also Ben Butler and West Morning
Glory, but the Swanseas, Sacramento,
TesOra, Uncle sam, Star Consolidated.
United Sunbeam. La RENE. Dalton and
most of the other active stocks have all
suffered declines Of more or less Sc
verify.
Uncle sam has dropped from S2.12 to
s1-95. and heavy trading has charac-
terized its career all through the week.
the impression having been that hold
ers were letting il go to get into CariSa
on the ground floor.
With physical conditions all the time
improving at that and all the other
mines, however. there is no reason to
doubt that the first cool days Of next
month"; not befOre-will witness a
general revival all along the line.
The day and week closed on the fol-
lowing quotations: