OCR Text |
Show 10 INTER-MOUNTA- IN MINING REVIEW. STOCKS LISTED ON THE SALT LAKE STOCK AND MINING EXCHANGE. ao NAME OF COMPANY. Aiax (Copperopolis) Alliance Anchor Annie Brick Consolidated Bullion Beck Centennial-Eurek- Dalton & a Lark . .. Daly Daly West Eagle East Golden Gate. Eureka Hill Four Aces Galena Geyser Gemini llerschel Horn Silver Mammoth Malvern Marion Mercur Ontario Overland Silver King. Sioux Con Sunshine Utah .. Capital. $ 3,000,000 100,000 1.500.000 250.000 500.000 1,000.000 1.500.000 2.500.000 3,000.000 1,500,100 150.000 3.000.- 000 1.000.- 000 250.000 1,000,000 1,000.000 500.000 5,000,000 10,000,000 10,000.000 1.500.000 500.000 5,000,000 15,000,000 2,000,000 3.000,000 1,000,000 2.500.000 1,000,000 00 tr 9 800,000 100,000 150.000 250.000 500.000 100.000 30.000 2,500,000 150.000 75.000 150.000 600.000 10.000 250. 000 1CO.OOO 200.000 5,000 1,000,000 400.000 400.000 600.000 100,000 200,000 150.000 400.000 150.000 100.000 250.000 100.000 Total 30,639,000 This list is incomplete, as many Utah mines have been and are now operated at great profit by individuals and close corporations that do not publish their dividends. Twelve millions would be a conservative estimate of the amount of dividends paid by these mines. HININQ STOCK REVIEW. If a speculator were to go upon the Salt Lake Exchange and buy right and left with his eyes shut, figuratively without discrimination, at present prices, he would not purchase a single stock that would not yield him a profit during the next six months. Notwithstanding these opportunities, there are few buyers in the field. Were it not for the scarcity of buyers, stocks would not be offered at any such prices as now prevail. The old, familiar announcement comes from the East that investors are waiting, still waiting, as they have been during the past three years. It seems impossible for them to realize that good dividend-paying mining stocks are the very safest securities, whose earning capacity is not even remotely affected by panics and financial disturbances. Some of the recent slumps in local stocks have been caused by the action of the banks in calling in all loans, several holders having been forced to liquidate. These forced sales, and a little professional scalping, have been the causes of nearly all the fluctuations during the past week. The chief interest in listed stocks has been centered in Mercur and Mammoth. Manipulation by the brokers, followed by the announcement that the dividend might be passed this month, left Mercur several points lower than the previous week, and it sold down as low as $5.75. This was a forced sale, the holder being obliged to realize. If the dividend is passed the present month it wTill not be due to an absence of sufficient funds w ith which to pay it, but to a desire to raise the reserve at a cerspeaking, tain point. Last months flood closed the mill for eight days, and of course this cut into the earnings. The amount of milling ore in sight can aldowrn most be said to be unlimited, and it is stated that the output is now nearly $50,000 per month, one recent shipment of $11,000 worth of cyanides having been the result of just seven days run. In view of these conditions, any scare on the part of the stockholders, over the action of the management in increasing the surplus, would be without sense or reason. Indefinite rumors concerning negotiations with a foreign syndicate for the sale of the property continue to be circulated. Mammoth sold down to $2.80, which is a good deal below its actual value. It may be stated, howTever, that this stock been made at the latter figure. wras forced upon the market by the The unlisted stocks closed as follows: necessities of the holder. The new railroad built to facilitate the handling of the ores will be in operation by the 1st of next month, when the output of the property will be materially increased, and it is not improbable that the dividend rate will be increased. Bullion-Bec- k surprised the public by dividend of 30 cents per declaring a share, payable on the 20th. This, wTith the special dividend paid on the 6th, makes a total of $45,000 for the month, and a grand total of $2,105,000. Of this months payments, $15,000 represented the proceeds from the sale of the companys store, and $30,000 the earnings Notwithstanding these payments, the stock made no material advance. There has been no change in Ajax, of the mine. sales being reported at 7077. Anchor is trong, with light offerings. Daly dropped off, after the advance following the recent dividend, and there is nothing doing in the stock. Daly-We- st was firm, with few buyers no and sellers. Galena sagged off about 25 cents, in sympathy with the rest of the list. The monthly dividend of 5 cents was paid on the 10th. There were no buyers for Horn Silver at the prices asked. Report comes from New York that a dividend of is expected this month, but nothing is known here concerning the intentions of the directors, although the heavy output would seem to justify a $50,-0- 00 SALT LAKE NUGGETS. Manager Neil of the Taylor & Brun-to- n sampler has been inspecting mining properties in Nevada Landlord Johnston of the Walker house has returned from a visit to his placer at American Falls, Ida. Messrs. James Glendinning and Theo Bruback last week examined some rich placer ground on Anderson creek, Lemhi county, Ida. F. B. Cook, the mining operator of this city, believes one of the greatest gold fields in the West is the region about Tuscarora, Nev. James X. Ferguson has been appointed superintendent of the Virginia Consolidated at Baker City, Or. This is an extension of the Virtue and was recently purchased by David Keith. atN. A. Robertson, the torney and mining operator, will stump Indiana, his native State, for Bryan and silver, while his father Col. Robertson, will campaign for McKinley. Broker E. E. Crooks is a silver-bu-g and proud of it. His silver badge is the most unique and appropriate yet seen, being a full grown insect mad 3 of the white metal. Broker E. S. Gatch has returned from Iowa and expresses the belief that a fusion of all the silver forces will ac- payment. Silver King made its monthly dividend paypient of $37,500 last week, and Utah distributed $2000, as usual. Swransea was the one feature of the unlisted stocks. This stock, which advanced from 15 cents to $2.65 within less than six months, sold down to $1.75 during the last week. The slump was due chiefly to manipulation on the floor of the exchange, and one or two of the shorts narrowly escaped a squeeze when the stock went back to $2.05. The stock ought to be worth every, cent of present quotations and buyers stand a good chance to win. The shaft has reached a depth of 475 feet and stop-in- g has commenced, the ore heretofore shipped having been taken out during development work. The remainder of the unlisted stocks were lifeless, with very little trading. Creole, a Park City stock that has never been called on the exchange, has advanced from 50 cents to $1 during complish the defeat of the gold standthe past few weeks, actual sale having ard ticket in that State. well-know- n, |