Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-01-18
Business involved Over $4,000
Shares and 1921, SAG.
T0DAY'S SESSION WAS QUIET
All stocks Closed Lower arisn, Ajax,
May nay, California aud Century
Led In Tobogganing

This week on the mining exchange
has been more interesting and active
than any since the big slump by which
30 many traders were affected During
the week two bulllsh movements were
commenced, one on Carisa which abso.
lutely failed after sales OF nearly 1907
900 shares had been recorded and the
ether on Century which was overturned
IN a day Both movements had for
their evident object the stimulating OF
on interest In the stocks 80 that some
holders could get out at high figures.
The effect has not nor VIII II be benca
hclal to the exchange
IL Is stated by conservative mining
men that something must be done to
awaken public interest In the exchange
OF its usefulness win be absolutely
destroyed, There Is no doubt that the
policy now pursued Is doing no good
An impression that Is growing all the
time IN that the brokers are dishonest
soheming swlndlerg who care nothing
Tor customers interests or anything
else but their own pocket books. There
Is no doubt that this ls generally
speaking, wrong, but something must
he done TO correct that impression and
10 show the public that an earnest Of
Tort ~ being made TO do legitimate,
straightforward business on the ex-
change. Making II impossible for out
blders to trade on futures" while the
brokers themselves may still do 80 TO
a certain extent II not right The ex-
change should, OF Is the opinion Of
many be run like the other great ex-
changes OF the country
a prominent mining man said today
that IN his opinion the various COM
psnies whose stocks are dealt In on the
exchange should be required TO hand
sworn statements OF the condition Of
their properties to the listing commit
tee OF the exchange once n month, and
that other rules should BIZ adopted
During the week just ending sales
eggregnting 1905 shares, and lnvov.
Ing 1921, Gi6.W were recorded Of which
today'e portion was 43,i2O shares for
6,7O6.75
The trading on opened al what
many people thought we're low prices;
AJAX sold at 53h, Carisa at OF, Con-
nolldated Mercur az Si67, DAILY West al
$3.50, May Day at 81, Uncle Sam Con-
folldated az 6'&, California at G1h aud
Century at 2S
After looking at those figures the
selling quotations today are appalling
70 those who thought on Monday that
Prices were low,
AJax, which sold for 5SM on Monday.
closed today with sales Mt i37k Carlsa.
which was so heavily dealt In and dur,
ing the week reached 67ls sold today
for prices none Of which were higher
than %. Consolidated Mercur TO the
extent Of 1000 shares brought $3.50. and
paly-West was dealt IN for 1925.
May Day brought So for 200 shares
aud closed with sales at "a, while Uncle
Sam Consolidated hung around "a
California sold Az low as 80, ton Mon.
day II was 6l and closed with 5OS bid
Century, which not so long ago was
ever 400 share. was traded I'm al
Lgures below Is cents today, and Yam
kee Consolidated to the extent OF 200
shares was dealt In for $500.
Notwithstanding the lower figures II
~ still maintained by conservative min.
ms men and experts that there are few
stocks on the board quoted al much
less than the present developments and
conditions Of the properties warrant
The closing quotations today are as
follows.