Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-10-24
BUSINESS GOOD
ON EXCHANGE
Substantial Advances Made by
Sioux Consolidated and
Iron Blossom.
RISE in OHIO COPPER STOCK.
Fluctuations More Than 4 Dollar a
Sharc-Ransc Of Unlistcds
Today's Snles.

All thirgs considered, business on the
mining stock exchange this week has
somewhat exceeded expectations. a
week ago 1t was thought that there
would be little active trading until
after the election and while the mar
ket can be considered to be In good
deal of a waiting mood; at the same
time, the action of some of the Tintto
issues and Ohio Copper has furnished
sufficient evidence that politics does
not control everything Yet It must be
and therefore better market conditions
may be expected when the ballots shall
have been counted. Iron Blossom and
Sioux Consolidated are in better shape
than they We're this time last week.
Y Developments at the former, although
no ore has been encountered as yet In
the new shaft. are of an encouraging
character and have induced considerable
Il buying. The directors of the Sioux
Consolidated have assured shareholders
that the November dividend will be
Z larger than the initial one, which was
declared this month; also that the
\ December distribution will be greater
than the one to be made next month.
ali of which has had very beneficial
9 Sam Consolidated has been depressed
and this Is accounted for by the UNI
certainty Of what the dividend will
be. At present there is every reason
to believe that 1t Will not exceed 4
cents n share, OF $4,000. which Is
$4,000 less than was paid last month.
Ohio Copper appears to be on the up
grade, and many believe that 1t will
not stop short OF 81 or So share. 1t
is bound TO go higher. A few shares
of Bullion Beck & Champion changed
hands on the exchange in the early
part Of the week, but this was followed
by! the announcement that the United
\ States, Smelling Refining & Mining
company had purchased a controlling
interest ut somewhere around So a
share. This is by far the most import
ant mining deal consunated In Salt
Lake In several months and there is q
strong suspicion that the smelling COM.
pany Is not through with increasing
its riHtic holdings. The Bullion Beck
mine has paid dividends of $2,76S,400.
When the mine Is developed down to
the level of the Centennial Eureka or
+ Mammoth. the chances are that some
A tremendously large, as well as valuable
ore bodies will have been exposed. Bos-
ton Consolidated has been listed on the
exchange again, but no trading IN the
shares was reported officially.
The unlisted stocks have demanded
their share of4attention Among them
Ohio Copper has led inthe volume OF
sales, transfers taking place at 50
and up to siO5. Silver King Coalition,
from S382ia to sa.95. Uintah Treasure
Hill from 171a to 1875 cents. Mineral
A Flat, sat II and 10 cents; Utah Mine at
$l.50 West Quincy at 10 and II cents,
East Grown Point at 2 and 8 cents.
Burning MOSCOW at 81 cents, Western
Nevada Copper at 81 cents. Newhouse
ut $40. Seven Troughs Columbine at
Is cents. Seven Thoughts Wihuta at ;25
cents. Federal Ely at cents.
1cday's sales were the heaviest OF
The week with marked Improvement
inpiices all along the line With con-
siderable demand for Iron Blossom,
South Columbus Con. Uncle Sam Con-.
and Colorado Ohio Copper sold as low
Rs s3.a21s and up to s3.971s, which was
tho closing bid for It. Mammoth was
bought at $1.75 and Seven Troughs Col
Gmbinr at is cents, buyer 30.
The closing quotations and sales
were
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