The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-11-01
MININa sTocK EXCHANGE.
Review of Markets Ups and Downs
During October.

The amount Of business done on the
local mining exchange during October
SHOWS = large snrlnkage as compared
with the previous month, the difference
$l5,t4LJ0 The frightfully upset cOndl-
uons prevailing in the eastern markets
ana the unusual interest taken in the
municipal political campaign here dur
ing the past few weeks are aCknoWl-
edged TO be the chief causes Of the
shrinkage. The physical condition OF the
mines. the price Of the metals, lack OF
dissentiOn and strife in the ranks OF la
Dor. and all other conditions, aside from
those first mentioned. have been such
that better things would have ordinarily
been expected of the market. The fig
ures given by the secretary Of the eN-
change show that during the month
total Of S31.359 shares OF stock. with
selling value Of S346, $3.50. changed hands
during the month. the final session
bringing out only 1890 shares, with
selling value of S2,6l4.l5. After Tues
day-elecuon day-a revival is looked for.
The month has witnessed a number OF
sharp advances and few serious de-
clines in the ranks of the more active
shares. but, all things considered, it is
matter for cOngratulatiOn that the
showing is not worse than it is. Ajax,
on the strength of the determination of
the management TO levy assessments for
the purpose of clearing uD the COM
pany's mOrtgaged Indebtedness. has de-
clined from lie to &c. while Carisa, for
no apparent cause, has gone down from
16c TO 12i2c. Consolidated Mercur has
also been weak, the close finding il
selling at 81, as against about $lO5 at
the beginning Of the month. Century
has been considerably stronger during
the month than for a long time past.
il IS now commanding close to Coo, as
against about SEC thirty days ago.
Among the Park City stocks DAILY
Judge has been the star performer, and
the Roadway it has gained has been
fully merited, as shown by the published
record during the month Of its perform
ances- When the month opened the best
to be had for the stock was $3.50 per
share The great strike of high grade
ore and the published figures on pro-
ductOn had the effect Of attracting
great deal Of attention to the PROPOSE
tiOn with the result that the selling
price was gradually. advanced to $l1.5J.
A reaction followed and the price dropped
TO Sl035. 1t is again on the upgrade.
however. the closing quotations being
Sl0S215 bid. with $3.50 demanded
Daly-West, on the other hand, and for
no cause that can be traced to the prop
erty itself. has declined from S39 to $50. 20
asked and only so bid at the close. DAILY
has done but little, though il is Of
fered at Sl.95, or sc less than was bid
for il a month ago. Buyer and seller
have never been within gunshOt of each
other during the month. A couple Of
sales OF Silver King have been recorded
a $40. New York Bonanza fell from PC
70 lSc. and is now climbing up again
on the strength Of reports from the
property which indicate that ore bodies
are being approached on two levels. Nail
driver has also been weak, while little
or nothing has been doing in California
ValeO sold once during the month at
lie, and some little sparrlug was done
occasionally on the open board for the
shares in other prospective bonanzas-
Lower Mammoth, with a big lawsuit
on its hands. has dropped from 5712C T.
25c bid though holders decline 10 part
with il for less than sc. May Day,
which reached nearly 12c q share, has
fallen off again and is now selling about
as IT was a month ago, around size. Star
Consolidated closes precisely as IL opened,
though the fluctuations during the month
have carried both above and below pres
ent quotations.
Tetro. which opened the month at about
30c has been up close to 4Oc, but with
the accident TO its compressor two weeks
ago. it eased off and has since ruled
a 53c TO 34c, with every indication, now
that another start has been made, that
it VIII advance considerably above pres
ent prices. Most of the remaining active
shares in the list are quoted fractionally
lower than they were at the beginning
Of the month.
Following is the list Of final quota
lions and record of sales made yester-
day: