The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-09-08
WEEKS BUSINESS
IN MINING STOCKS
Trading Largely Professional
and Prices Generally Lower.
MINES IN GOOD SHAPE
OUTLOOK FOR FAIL AND WIN
TER rs GOOD.

Business on the mining stock ex-
change during the past week has been
erratic in character, largely profession
al. with a consequent tendency to lower
prices. A touch of the slump that was
constantly expected, but which failed
to materialize has been experienced,
and in many quarters a belief is preva-
lent that inc bottom has not yet been
reached.
However, nothing savoring of panic
has developed, nothing bordering on
such a condition is expected Most of
the properties that have suffered
drop in price are in that condition
where their futures are assured and
not a few of them will be found in the
dividend columns to stay before the
year closes.
The Salt Lake market, necessarily re-
stricted in it's influence, has grown
broader and stronger with each recurr-
ing month, and that ii will continue
to grow in favor and prestige the
magnificent record of the mines of the
state give assurance All the mines of
Park City are healthier than at any
time in their existence, and more ore
and more dividends are coming from
the great old camp than at any time in
its history.
Tintic has a large list of new pro-
ducerS and old producers that are be-
ing brought to the highest plane of ex-
ceIence, ana the time is drawing nigh
when dozen or more of them viii be
regularly returning to the investor the
money so lavishly but intelligently
spent during the past year or so.
Comparing the market with condi-
lions at the opening of the week on
tuesday, the record shows that Ajax
with work progressing steadily in the
new ore chute on the 1000 level, has
declined approximately 10 cents a
share TO S1.53ss, while May Day has
same gait.
Century and Consolidated Mercur
have both been stronger, as has also
Eagle & Blue Bell.
ontario, with a strike on the 100
Ievel TO its credit. began strong at
5000 and has since been crowding the
81 mark pretty closely. DAILY has also
SHOWN good form, but for some unex-
planned reason Daly-West has shown a
tendency to weaken, though its regular
S52,500 dividend, payable on the 18th
has been posted.
Uncle Sam came to the front with
ITS initial dividend of cents a share.
aggregating $4,000. A surplus of more
than $20. 900 will remain and the nine
is capable of sending an average of
Sl,oVO worth OF ore to market daily. but
Sl.S41z
Carisa. the new candidate for favor
Wednesday. has gone down before the
bear onslaught from s1.63 to s154
though ii rallied at the last moment
yesterday and closed at S157. The
management gives positive assurance
that it viii join the dividend payers
next month.
Tesora has tumbled from. 9Oik cents
10 q cents, Star Consolidated has re-
coded from Ala cents to 36I5 cents.
While Tetro has just about held its
own.
Ben Butler has had many knives
thrust into 1t during the week, and has
lost several points
victor, which opened at 80 cents. was
pounded down to 26 cents but since
the 3-cent assessment was called for
on Thursday it has grown constantly
stronger, closing yesterday with a sale
at 80 cents.
Lower Mammoth has been weak and
inactive and Mammoth has kept it
company -
The other shares in the active list
nave maintained a fairly even courge
ana III some instances substantial gains
have been made.
During the five days business. 33e 2OO
shares were sold for 1886, e4O.35. with
yesterdays proportion marked nm at
5l.l0e shares and $26, 962.63.
Inc day and week closed on the FIJI
lowing quotations: