The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-11-23
Pages Daily Market Letter.

The mines have never been as pros
porous as at the present time. Divi-
bends are larger than ever before, and
paid regularly. One camp alone pays
$3,000,000 annually, and there is every
prospect that the steady increase will
be continued. Market quotations, how
ever, are not a reflex OF this condition.
During the past week trading has been
brisk, and prices have. somewhat re-
covered. Investment stocks are still
selling at a rate that allows Is to 20
per cent annual interest on money.
Prospective dividend payers are selling
too low, and prospects are selling at
prices that offer inducements for spec
ulation
Ajax closes SO1g bid; Ben Butler az.
The mine is paying its own way and it
does not seem likely that the stock will
sell much lower. California sold down
to p cents, but closes 22A. The mine
and mill are running steadily, and the
price should advance. Carisa sold II
cents. Century advanced steadily and
closes 80 cents. This mine is accumu-
lating a surplus. COmstock sold during
the week at $1.20. Consolidated Mercur
sold close to $3.50 all the week. The
stock pays regular dividends of &c per
share, or 20 per cent annual interest
on money. Creole advanced to 50 cents.
DAILY West sells $45, and pays so cents
Bell declined, and is offered at SO cents.
Grand Central is strong at IS and will
probably pay a dividend soon. Joe
Bowers and Little Chief are weak and
do not offer much hope of anything but
assessment. Lower Mammoth closes st
s1.32. look for IL to sell lower. Lone
Pine is held at from so to so cents. The
ore is increasing in quantity, and this
mine may be expected TO become a
a G Dr.
and has paid about 81 DOC, 600 in divi-
dends. Martha Washington sells 3
cents, and May Day, with only good
reports from the mine, sells at 2215
cents. Ontario is an offering at IS, and
considering regular quarterly dividends
of 80 cents. is worth buying. This mine
carries a surplus of some $500, 600. Sac
ramento sells % to 26 cents. It is
gold property and worth the money.
Silver King is held at $50 per share and
is the greatest mine in the west. Park
Summit is sinking a shaft and finds
the ore improving as the shaft goes
deeper; it offers a chance for large
profits at the selling price of 251z to %
cents. Star Con. is weak at II cents.
Tetro is quiet, and little changing
hands. Uncle Sam is active at 291z to
80 cents. Valeo is laboring under a sc
assessment, and sells at 10 cents. Vic
tor is offered at IA. Wabash has been
the most active stock on the board and
has sold all the way between "a and
$1.1S1z, and closes 80 bid. Yankee Con-
has sold weak and closes an offering at
411A cents. DaIy-Judge has had a sharp
advance, up to $1,000. It may react
The United States held close TO $40 all
the week. New York has been active
between 80 and 80 cents, closing 80
cents Naildriver sells at $1.40. Black
Bess, so. The Johnny gold mine is
looking better than ever, and with COM
pletion of the new mill, delayed by non
arrival of machinery, will probably join
the dividend paying column. The stock
sells from IS cents to S1-00. Park City
Star is going down with their shaft
and is in a good locality The stock
can be bought at % cents. I have To-
nopah stocks at market, among which
1 may mention 400 Mizpah Extension
at $1.25. Buy Park City stocks"
N. A. PAGE.