The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-10-09
MINING STOCK EXCHANGE.
Market Conditions Indicate That a
Revival is at Hand.

The bulk of the business done on the
mining exchange during the past week
has been confined TO Tintic stocks, theiI
activity reckoned in brokerage circles as
a pointer that the entire market is due
for A general advance and much heavier
trading than has prevailed COr a Ions
time. 1t is pointed out that every period
of depression and dun business is fol
lowed by an awakening started on the
Tintic end of the line, and the prediction
IS now being freely made that lively times
are ahead 1t is pointed out that the
mines of that camp were never in finer
condition than they are at the present
time. The development OF new territory
has been in progress for two years. N
many instances with most substantial
results. Properties that are yet making
no splurge are also rounding into form
and, taken altogether. the oGtlook is CON
sidered promising.
Park City has also experienced a Ions
lean streak, and though the pessimistlC
feeling has not been entirely dispelled. 3
rift can be seen in the clouds. and the
Oracles are declaring thai the old camI
is going to surprise the natives during
the next few months. The older mines
the Silver King, DalN-N est ontario
DAILY. DaIy-Judge. Comstcck and others
are in better shape 10 make records now
than they have been for a long time while
the Kearns-K Keith and American Flag
companies have made new mines within
y
have been proven TO a depth of l.lO0 feet
and the ground is now being gradually
shaped up for steady production. The
DAILY is now reaching out ror the ore bo-
dies opened in the Mazeppa shaft from
older workings in the mine. and before
the year closes II will have entered upon
a new career az producer that VIII al
tract wide attention. The same is true
of the Daly-Judge. though active mining
and work other than development Of new
ground is not expected to be inaCgurate6
till probably some time in the early
spring At the Cornstock matters arc
being shaped up for blocking out the ores
a depth while at the Silver King COnsol-
idated and the West Quincy the winter
months are certain to bring news show
ing that all of the mines OF which the
camp IS capable have not yet been proven
up.
What is true of these districts is also
true of several other camps i'm the state,
and the day is approaching when stocks
in Utah properties other than these now
attracting particular attention. viii be-
come very attractive to the investor and
Spectator alike. Production is greater
than ever. dividends are being paid and
earned bv a much wider range IF proper
ties. and the record is sure to have a
stimulating effect.
The movement in stocks now. slow and
unattractive though it may seem. Is
founded entirely on improved conditions
and brokers are authority for the state
ment that II IS the fdT-SFtinI fiFhlN ~
that is now entering the market. and m
doing go is attracting as little attention
a 6 possible.
Daly-West though inclined 10 weakness
early in the week has picked up again
and the stock is now held quite firmly
al S14 Grand Central has passed the .
mark in the selling. while its neighoor
Victoria has moved up from S.O2 TO 81
Mammoth has also advanced. while Sill
yer King is not to be had under 800. and
Ontario tor less than $3.50
Consolidated Mercur, Carisa Century
and number of other stocks nave been
advanced materially. though business N
them has been light. May Day has held
I'D we'll considering the large amount OF
stock that was picked up during the sum
ner and fall at and around lie snare
Uncle Sam Consolidated has been steady
and Tetro. with ore being developed III
new ground. has moved up sharply from
2fc to 2Si5c. In fact. no setbacks worthy
of mention have occurred. and the mar
ket closes in good condition all around
During the week total of ll5. e43 shares
of stock. with a selling value IF SS2 444-Si
changed hands. yesterdays proportion oil
the totals being 6.S93 shares and &,l91.0
Following is the list Of final quotations
and record of sales made during yester-
DAYS single and open board calls: