The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1910-04-09
THE SALT LAKE
STOCK MARKET
AND UTAH MINES

SALT LAKE. April st Special
10 the News. )-Trading on the local
exchange for the past week was ex-
ceptionally light, but many of the
brokers are predicting a much better
market as soon as conditions right
themselves in the east, which Is look
ed for within the next month or six
weeks. Another reason which is ad-
yanced by many Is that there will be
number of properties put in opera
ton in the near future, which could
not be operated during the winter
months Should Jarbidge make good
and there are many who think 1t
will: some of the companies of that
camp will undoubtedly find IL to their
advantage TO list the stocks on the
Salt Lake board and have their Of
fees In this city.
With the possible exception of
Iron Blossom, none of the listed
stocks made an advance but most of
the other issues held firm around last
weeks closing prices, notwithstand-
ing limited trading.
Colorado reached so cents during
one session, but fell on few cents
toward the latter part of the week.
Shipments from the mines are of
very satisfactory nature and rumor
has IL that the ore now blocked out
will furnish dividend money for sew
eral quarters 10 come. There IS every
reason TO believe other veins will be
opened before the present ore bodies
are exhausted. There have been
rumors to the effect that the knight
interests have passed to other hands
but this Is emphatically denied by
the knights, who claim to still hold
control of their numerous properties.
Iron Blossom took a squirt and
number of sales were registered at
s1.05, which brought out consider
able stock; the result being a re-
action of cents before the closing
session. Persons who have very re-
Gently visited the property, are en-
thusiastic over its present appearance
and say there is every indication OF
the property soon developing into
one of the big properties OF the state
Any new finds in this property will
have very beneficial effect on the
adjoining properties and will un-
doubtedly cause Colorado to seek
higher levels on the exchange.
Sioux was driven up to 47 cents,
but could not Withstand the many
selling orders and closed with 42lz
cents bid. This company furnished
the public with a statement of its
financial condition, on the last day
of the week, but the same was not of
very encouraging nature, as IL was
generally supposed the treasury was
in a much healthier state and there
were many who were looking ahead
for fair dividend a little later on,
but the prospects for the same in the
near future are not very bright.
Tintic Central rallied little at the
last session and a number of shares
found buyers at 10 cents: a small ad-
vance over what this issue has been
selling for during the last month.
Opex has been steadily climbing |
down for the last two weeks and |
those who predicted that the Gen. !
tennial vein would be encountered /
before the end of March, have found |
themselves very much mistaken.
Most of the prospecting In this prop-l
erty is now being done with a dial
mond drill and those In charge hold
out much encouragement to the COM
pAny's shareholders and promise
there will be sensational develop
ments made on this property within
a few weeks. The decline in this