The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-01-01
MARKET STRONG
At YEARS CLOSE
Colorado Starts Ascension and
All FavOriteS Follow
Suit.
MARKET DESERVES
BETTER SUPPORT
Business for 1910 Shows an In
crease Over All Former
Years.

Business on the local stock and mining
exchange closed Friday afternoon for
the year. month and week, and ii was
a matter of much satisfaction 10 the
brokers and traders generally that prices
all along the line were advanced few
points presaging q strong and happy new
year for the Salt Lake market.
Colorado was one OF the most promi-
nent Of the stocks dealt in on Friday, and
at the morning call the price was ad-
vanced steadily from IS cents to SO cents,
selling at the close at so cents. In tho
afternoon opening sales were made at
So cents, and. after trading involving the
sale OF about 29oo shares, the price re-
mained strong al s. cents. advancing
again to SO cents on the open board. In
formation was received locally Friday
morning that find OF ore had been made
in the drift off the 300-foot level, at n
point fifty feet below the slopes from
tracted many thousand dollars worth OF
dividends.
Advices from the company offices in
Provo later In the Afternoon tailed 10
con6rrn This report, though il was stated
that such find would not he surprising
at the present time, as the work Is aP-
preaching the point where ore is expected
by the management.
Others Strong.
Iron Blossom also was much stronger
during the day, the price advancing from
an opening at 74 cents in the
morning TO closing. OF Il cents
solidated was hrm at 3S cents. Grand
Central came in for share Of the days
joys and sold from $2.l7l up 10 $50
Nevada Hills made gains also in the
proved quality OF the orc being shipped
as we'll as 10 the opening up OF new
hodies, though as yet the company Off
cials are not prepared 10 make additional
statements as to conditions. New YORK
is one OF the favcrites. and. in spite Of the
rurnor OF an assessment. the stock Is
ha11 a
cial statement has vet been made on the
progress OF the deals under way In the
east, the consummation OF which VIII
mean much To the Prince Consolidated
:iatons have been OF very satisfactory
nature. and to this fact Is laid the ma
terial strengthening up OF Prince stock.
Fairer Prices.
Whatever may be behind tho advances
noted Friday. however. IL is undoubtedly
TACT that for the past few months the
stocks on the local board have been sell
ing at ridlculously low prices and higher
marks would give far more fair and
satisfactory reflection Of the conditions
OF the properties represented. II is prob
able that this fact is beginning TO ne re-
allied, and il is 10 be hobed that on
the eve OF the new year the brokers
have resolved to do their best for the
better support OF the market
The sales Friday brought the totals OF
the month Of December up. TO 2.o26.293
shares. representing financial transac-
tions OF 1856, 300 10. The totals for the
year 1909 are 34.244242 shares for SlI.-
256, ,6S3. 95. This shows an increase over
the sales of 1905 of about 100000 shares,
though an increase OF only $1,000 in The
amount paid for the stocks. Since 1908
The business OF the local exchange has
grown steadily. advancing from sales
amounting to 6.55l,755 shares for Sl,Sll.-
above during the year just closed
April was the most prosperous month