The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-09-11
STOCK MARKET IN
Strong POSITION
Situation FaVors General Ad-
vance the Moment Buyers
Are Aroused.

Iron Blossom was -eak and lower
Saturday. in the face or it's regular
quarterly dividend declaration and de-
spite reports OF continued mine i'm
provement and the completing Of ar
engagements TO increase production.
The bear attack on the stock appears
10 be based sOlely upon the silence Of
the management concerning mine con-
diuons and earnings Reports Of out
sidcrs who are permitted 10 examine the
mine are invariably favorable. indicst-
ing earnings far IN excess OF dividend
requirements and that the stock OF the
company is actually worth more than
II rs selling for.
-Tsiismau added to the gain It
had recorded the two previous days, II
having been strong at Il cents.
Columbus Consolidated. after selling
down Co 90 cents. started upward again,
selling rs hign as % cents. That issue
during the week dropped from around
% cents. the only apparent reason Tor
It's weakness having been report that
an assessment was to be levied. The
report was 50 specific as TO name Fri
day as the date upon which the as
sessmeut was to be levied day when
most Of the directors Of the company
happened TO be out OF town. The COM
pany IS farming a good balance every
month and insiders have given no init
nation. as far as can be learned, that
the lcvying OF an assessment is con-
tcmplated.
Colorado continued quiet around 40
cents. although reports have it that the
prospecting for new ore bodies I'm the
COtnpanys ground has not been without
encouraging results
May Day weakened slightly from the
high point 10 attained following the an
uuunCcmcnt that the company Is to re-
sumo development work IN the lower
levels. Lower Mammoth sold lower in
anticipation Of another assessment be-
Ing levied. Il IS expected that an
nouncement OF important work 10 be
undertaken IN both May Day and Lower
Mammoth will be made during the
week. following the return OF Manager
John Dern from Europe.
Uncle sam gained slightly on account
or the declaring OF a quarterly divi-
dcnd for cents "a share. but little OF
the stock was brought out.
south Columbus was stronger and
reasonably active as result OF the con
solidation or that company with Alta
g. Hecia having been ratified by the
-trckholders or both companies Ar
engagements are complete. IL Is said, FOR
the financing Of the new company. the
South Hecla. FOR "a campaign Of system
attic development
Black Jack sold up 20 IL cents upon
| the strength Of tho company having re-
stunned development work by awarding
| a contract for drifting for the Opohongo
| ore body.
/ Ouohongo and Gold Chain have both
] been in considerable demand on account
/ % those companies having Joined In
| Installing new equipment upon Colo
/ Chain workings. through which the ore
/ bodies Of both mines are TO ne worked
I upon larger scale than heretofore.
Nevada Hills gained the latter par
! OF the week. Ohio Copper went back
/ ward TO St.62i. and Sioux Consolidated
I ruled approximately cent a shar'
lower.
The market IS I'm excellent technica
position for n general advance the mo-
. meut something takes place TO inCrea 81
I huviug orderg-wncther 10 be imDOrtan
L.. rHaHa Q
| several quarters. or improved genera
/ conditions.
Total number % shares sold Satur
dav ag24-. value sf2212S6 Totals
/ for the week. 2f6.926 shares OF tn
market value Of S57,=f334. Closini
/ quotations and the DAYS sales: