The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-12-07

price of the metals cause no more nm
edslness in the management of a min
ing company than do the fluctuations
OF commodities handled in any other
line of business. Consequently the
chances of loss are no greater, to say
the least
During the week the business on the
local exchange resulted in the sale of
SZo'za4 shares of stock for 500. 531. 63.
me closing session bringing out 50, SS5
shares, with selling value of s14, 635. %.
Inc line of investment stocks, all
IhlngS considered, has behaved very
wen during the week and the close
Ihds them holding much strong II posi-
tlons than at the opening. The spec
udtlNe shares, or those representing
mines that have not vet reached the
dlVldend-earning stage, as well as those
temporarily out of the lists from one
cause and another. can be said TO be
no worse off than they were one week
ago, and among the better posted oper-
ators and brokers there is a feeling
mat an Improvement will occur all
along the line
consolidated Mercur has remained
within cent of s1.79 all week, but the
number of shares seeking a market at
THESE figures has been very limited,
holders seeming to fully realize that
one of the safest notwithstanding
propositions in this country
Daly-Judge opened the week with
sales at $S.75. 1t closes with a seller
thirty transaction at $9121k and S9.4O
demanded for the cash stock. DAILY
west was started Monday at S35. From
that figure, in the face of quite liberal
oHerlngs, it has steadily moved for
ward, until yesterday, with the an
nouncement of the December dividend
in the usual amount, it shot up to and
closed on a sale al $685.
Ontario, with the talent trying hard
10 bring it out at lower figures, re-
leased single 100 shares during the
week at So. 1t closes at Sc offered and
$50 asked. Grand Central has also
been active. but with its new tramway
IN operation there is & general belief
that it will make a fine record for pro-
auction during the months to come,
and that the shares will be held at
higher hgures. 1t closes at s4.05 bid.
united States Mining, though inact-
I've during the week on this market
has advanced in the bidding 81 a share
TO $21l212. with holders demanding 500
The second furnace of its new smelter
went into commission the first of the
week, and the moment the manage
ment has the assurance that no trouble
ia OS 0PNAlCAlCCQ III ndNluR the nee
essary tonnage of lime huxing rock
delivered regularly, the entire plant
will be blown in and the treatment of
approximately 1000 tons of ore per day
VIII begin. About 400 tons per day are
now being reduced to matte, the start
ing of the converters TO follow a SUI
hcieHt accumulation of the matte to
keep them going.
Ingot, with its property adjoining the
Consolidated Mercur and developments
under way that are sure to prove the
existence of the latter's ore bodies
within its limits, is daily growing
stronger in price, and there is every
indication that a short time will see
It commanding much higher figure
than at present.
Lower Mammoth and most of the 9TH
eT Tintic stocks have not been very
strong during the week. but they, too,
are counted upon for a healthy re-
action in the near future
Among the listed Park City prospects
New York has made the best record Of
the week, never having gone below CSC.
while sales have been recorded well
over the SOC notch, the close finding it
at 26c bid. S31zc asked
Wabash has suffered at the hands of
the bears considerably, and while the
management has made no effort to
stimulate the price, contending. as it
has done from the beginning, that it
was mining and not stock jobbing
there is a well grounded belief that
the ground has in it the making of a
mine and that sooner or later that
belief viii be verified in no uncertain
way. There is no reason for the holder
of the stock to feel the least concern
over the trend Of the market
Following is the list of final quota
tons and the segregated record of sales
made at yesterdays calls: