The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-05-08
MINING STOCKS IN
POSITION To MOVE
Pending Developments Arouse
New Interest in Several
Leading Issues.

Mining stocks were active yesterday,
for Saturday, without special feature
unless it was the continued decline OF
Colorado, from 65 cents to 60 cents
Lower Mammoth was strong at 60 cents
to So cents, Ohio Copper made further
advance, having been in demand at
s2.20 to s222s; Iron Blossom held at
S1-O2t, Uncle Sam braced up slightly,
at 35A cents to SO cents; Columbus
Cons Olidated was in healthy demand at
"a cents to SO cents. Sioux Consolidated
was easy at 81 cents and Cedar Tails
man was steady at 12s cents.
Lower Mammoth was given great
deal of attention throughout the week,
its advance having been checked only
by inclination Of buyers to await FUR
Their development OF the new strike on
the 2,O00-foOt level of the mine. Yes
terday's news was distinctly favorable
and that issue should see increased ac-
tivity the coming week.
Cedar TaliSman was In much the
same position as Lower Mammoth Its
new ore body in the lower level is
proving to be much larger than any be-
fore opened in the mine and with con-
tinued favorable development 1t should
be due for further advance
Ohio Copper. following its sudden
crop to $40, was bought eagerly both
here and upon the eastern markets, as
an investment, and its further recovery
is looked for. With one-half Of its
new mill in operation the company is
showing earnings which make its stock
at present prices an unusual bargain.
Colorado has been declining from
some mysterious cause Unofficial re-
ports are that some disappointment has
been met in relation to values of that
portion of its ore body which remains
in the southern end of the property
a development which has not yet been
counterbalanced by results OF new
work in other portions OF the ground.
Much of the heavy selling has been due,
q halinupd hnVupVQT To the dTOn-
ping of negotiations on the part OF
large eastern interests for control OF
the company.
Sioux Consolfdated's lesser decline
has probably been largely in sympathy
with Colorado, and II is not unlikely
that Iron Blossoms relative weakness
is traceable to the same cause. Ac-
cOrding to apparently reliable reports,
Iron Blossom has opened in its No. l
workings a new mine which justifies
the present price of the stock, with
out regard to at least moderately Ia
vorable developments in the north
workings.
Nevada Hills has been steady and
quiet. 1t would seem to be due Tor
Of building a new mill for the recently
consolidated properties shall be an
nounced. President George Wingfield
and Manager W. H. Weber, it is I'M
derstood, are pushing preparations for
mill installation, willie most satisfac-
tory ore bodies are being developed in
the lower levels of both mines
Activity at several of the Phoebe
mines is promised with the re-estab-
fishing of traffic over the Salt Lake
Route which should mean that Prince
Consolidated. Phoebe King, Phoebe Met
ais and some other issues of the camp
will take more prominent parts In the
trading.
Total number Of shares sold Satur-
day. SS, $50; value, 1888. Total for the
week. S6S.243 shares. of the. value OF
S14I367.79.
Closing quotations and the days
sales: