The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-04-13
STRONG STOCK MARKET.
The Past Week Has Been One of Ad,
vancing Prices and Big Business

The week on the mining exchange
closed yesterday with the sale of 49,
go shares for $54,541, the grand total
Ior the week being 604, 763 shares and
S565,5Z2.20, an increase over the pre-
Nlous weeks business of SIS. 296. so. The
market. as a whole, has been very
strong and buoyant and barring one or
two calls, when an air of professional
ism characterized the trading. the
business has been of that legitimate
cast which signifies public interest.
Advances have been very general
and declines correspondingly few and
unimportant, and the heavy business
done at the closing session is indica-
tive of continued interest in the week
to come.
Ajax closed &c to Sc higher than it
began the week, at sac to 55c, while
Carisa. that held strong around 44c
all through the week, was yesterday
battered down to 36c, with about $4,000
shares selling. The cause of the slump
is not apparent. For some time the
mine has shown good improvement and
while the roads were bad. shipments
were light. Yesterday, however. nine
carloads of ore reached the sampler
and many more are expected during
the week to come.
Consolidated Mercur has been rather
weak for a day or two past but in
absolutely reliable quarters the state
ment is unhesitatingly made that it
is the best 81 investment in the state
today. 1t is paying &c a share per
month and reputable engineers familiar
with the mine declare it can continue
TO keep up that lick and constantly
add to its surplus for five years to
come without counting or taking into
consideration at all the new ore bodies
that will be opened during that period
DAILY West has shot up from s42
Monday morning to S47.S5 and those
best acquainted with the bonanza are
counting on SOC dividends and $50 a
share before the season is far ad
vanced.
Daily has shown some little activity
and sales have been made around 81
a share. Eagle & Blue Bell remains
firm around DC, La Refine at lie and 1Sc
and star Con. at about the same.
Lower Mammoth has fiuctuated be
! between $l.63 and S1.75 and closes
strong at Sic. The mine is showing
up well and in addition to prOsecut-
/ ing development work on a broad
scale. expenses are being met and the
/ Indebtedness reduced at the rate of
about $4,000 per month A few months,
therefore. viii most likely see it earn
ing dividends.
May Day. with it's annual meeting
over and the management placed in
new hands. gives promise Of a better
/ record for the future and while the
stock has dropped a cent or two in
price. there is a feeling that it Will
soon be stronger.
California. with a feeling Of uncer-
tainty as to what the mana cement will
be able to accomplish in the way of
disCharging the present indebtedness
and providing means to resume opera
[ tons on the property, has fallen off
about &c a share. but a sentiment pre-
i walls that its present predicament viii
/ be worked out Of at the meeting to-
morrow.
Century has proven one of the pop
ular performers Of the week and from
sales at &c on Monday last, it has
/ shot up till yesterday it sold for SOC,
which, with the assessment Of Toe.
made its actual selling value 65c a
| share. The stock is now delinquent.
/ Systematic work is now going on at
the mine and last reports showed the
4 winze down ninety feet from the upper
I tunnel level in a solid body of SO to
| S24 gold ore, with no longer a doubt
/ that it would be encountered just as
/ strong in the lower workings. The
/ mill was started on the first and with
( P. H. Lynch in charge no doubt is
/ entertained that the necessity for an
/ other assessment viii be avoided.
] South Swansea, that was offered at
/ S3c Monday morning, sold yesterday
from 42c to zoe, on reports OF an inn
! portant strike in the bottom of the
shaft. while its neighbor. the Swansea,
/ has done business at 81 and better q
share.
Tetro, with the ledge encountered in
I its own territory and a Wine now
going down in the upper edges of what
Is believed TO be a chute of good pay
| ore. is held close around 25C a share
[ while Victor has stiffened up and is
now going at &c TO 24Isc
against 19c a week ago.
Yankee Con. has moved up from
1921 on Monday to $3.50. and Uncle
/ sam Notwithstanding the Withdrawal
/ of most of the mine force and no guar
antee that expenses are being made
refuses to drop as the bears would like
to see il.
Galena has spruced up and bids fair
to become quite active. 1t has fuc-
/ tuated during the week between 2715C
I and 25c, closing at the latter figure.
Martha Washington, West Morning
/ Glory, Ben Butler, Sunshine, Sacra-
I meuto and q number of other stocks
/ have taken a hand in the trading and
nearly all of them have shown up well
The day and week closed on the fol
lowing record of final quotations and
sales: