The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-06-09
GREAT WEEK IN
MINING STOCKS
Business on Change Amounted
to S345,480. So.
PRICES WERE BU0YANT
AJAX, DALY-WEST, YANKEE
AND MAY DAY, FEATURES.

For the opening week in the first
month Of summer business on the min
ing stock exchange has been unprece-
dentedIy large while prices have been
very buoyant At the close of yester-
days call the total business done at
the forenoon sessions showed a. total of
17e,7 shares, which brought SIZE
078.Se, While the afternoon calls deveI-
oped the transfer eff 1895 shares for
$135, 401.75, the grand totals being ISL
762 shares and S345, 4sO. So. Yesterdays
proportion Of the weeks business was
zc,O3z shares. with a selling value OF
S1S735.97
AS was the case during the week pre-
Vlous, Ajax, May Day, Yankee, DAILY
West and Lower Mammoth proved the
star attractions, though the business
was distributed over a wide rdnge of
other stocks, with the market buOyant
and healthy ali al.pg the line.
Daily West has gradually advanced
from $3S-156l39- 80 on Monday to S39. 95,
ana that 1t mas not passed the $40 mark
has been due entirely to a determina-
ton on the part of operators to avoid
the even money mark.
AJAX, with feeling on the part of
investors that important news must
soon be released regarding conditions
on the 1000 level has been phenom-
enaliy strong in the face of heavy trad
ing, and the talent was yesterday back
ing its judgment that it. would reach
$3.50 before the month closes.
May Day, with its new mill nearing
completion and developments exposing
bodies of high-grade ore, has been a
feature of the market, and from S9c
asked the price has gradually advanced
to well over the 81 mark. No less SEN
SatiOnal have been the performances
of Yankee Consolidated, which closed
g week since on q sale of 1922. At
the mine the forces at work are fast
getting the tunnel in trim for perma-
nent work, the ore bins are completed,
the electric power plant is about ready
to have the current turned on, and with
ore bodies blocked out that are the
marvel of the camp, it is little wonder
that the price of its shares has jumped
to over $3.50.
Lower Mammoth, with the west fis-
sure opened on the 500 level, disclosing
a fne body Of ore that was previously
encountered on the level above has
walked up the ladder from 1881 to $4.O4,
with q squirt during the week that car
Anchor, DAILY and Ontario have
shown strength, and the demand has
not been met. News from these prop
critics has disclosed nothing new.
though an impression prevails that
conditions in each warrant better treat
ment than it has been receiving for
some time past.
Star Consolidated has been stronger
during the week and with a probability
that q market VIII shortly be found
for its SecOnd-gTade ores through an
arrangement to have them cOnceu-
trated at the Eureka Hill company <
mill (nOW idle) better prices are looked
forward to.
Eagle & Blue. Bell has taken another
spurc, and yesterday. on TuuOrSs that
ore was being encountered in good
quantity, coupled with belief that the
Observation-Disclosures still has a notion
Of securing it, sent * from csc to nc.
Grand Central has been weak and
trading was light. Mammoth also fell
back several cents a share while Con
DIercur remained close around $40 bid
and 25c more than that asked.
Tesora has advanced about lOc a
share to SIC, and Dexter has also given
signs of returning strength.
Northern Light, with $1,000 worth Of
ore marketed, has slipped back from Sc
to 4c bid, with holders ready to sell
Century, that shot up to 1925 bid a
couple Of weeks since, has steadied
down and closed the week about as It
1 began, at $2.05 and $2.07.
United Sunbeam has taken quite a
tumble from the high pedestal on
/ which it was placed a few days agO,
when it touched $1.10. A week since it
was to be had at soc, and yesterday the
closing offer was soc, with 7212c de-
manded.
The smaller priced stocks have main
! tanned good average prices during the
week, and when Caller Jones gavel fell
for the last time yesterday morning it
was on the following quotations: