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Show I Hjdsor's Market Letter. Salt Lake City. Utah, July 30, 1902. B Business on the exchange for the past week compared favorably with the previous week, which n showed more activity than for many months past. Many Eastern investors are showing their confi-I confi-I dence in our mines by placing orders for our stocks. I Tintic shipments for the week were as follows: I Ajax, 3 cars; Bullion-Beck, 2; Carisa, 7; Eagle & B Blue Bell, 1; Eureka-Hill, 6; Gemini, 11; Grand B Central, 12; Lower Mammoth, 2; Mammoth, 4; B May Day, 1; Victor, 2; concentrates from the Mam-H Mam-H moth mill. 2 carloads. Park City shipments for two weeks were: Daly West, 5,338,000 pounds; Ontario, 2,191,000 pounds; Siher King, 3.041,840 pounds; Anchor Consolidated Consoli-dated (Daly-Judge), 528,000 pounds, and the Lor-ing Lor-ing 122,000 pounds. The Consolidated Mercur stock, which was bought last spring by Mr. John Dern and his associates asso-ciates from Capt. De La Mar has been held in escrow and will be distributed on the 1st of August. Au-gust. There has been an impression among the brokers that when this stock was sent to the respective re-spective owners it would bring about a decline, and many of them for a while were ready to short the stock. Inasmuch as nearly all the parties who participate in the pooled stock were holding Mercur Mer-cur stock which was not pooled and they would not sell, it does not look reasonable to think they will be in a hurry to dispose of their holdings after receiving re-ceiving their certificates. The stock has been quite firm here and in Boston, and the company has been earning more than the amount required to pay their dividends, and are accumulating a nice surplus. sur-plus. It looks as if the stock ought to be bought for an investment, for with the present dividends the stock is paying a better rate of interest than any other mine in Utah. The closing quotations B were $2 bid $2.01 asked, ex-dividend. B Carisa made an advance during the week to 29 B cents, but declined gradually to today's quota-B quota-B tions, 25 cents bid, 2G cents asked. B Daly West is recovering gradually from the de-B de-B cline which was caused by the recent disaster. B The stock sold this afternoon at $51.90 and closed B around that figure. The company will no doubt B arrange, as fast as possible, to make settlements B with the families of the deceased miners, and they B can do this without doubt from the surplus and B will not be compelled to reduce their dividend of B 60 cents a share per month, or fail to pay a divi-B divi-B dend. We expect the stock to advance to at least B $57.50, as it will pay a nice interest at that figure. B The Daly-Judge has been quite a favorite for B the past month, selling as high at" $12. Sales to-B to-B day were at $11.90. B The Grand Central has an excellent showing, B the new strike in the King William ground is B opening up beyond expectation, and if the litiga-B litiga-B tlon villi the Mammoth Mining company were re-B re-B moved, the stock would be selling at much higher B flgui es. The closing quotations were $4.65 bid and B ?5 asked. fl Mr. J. N. Wheeler returned after making an in- spettion of the South Swansea and was very well B Pleaded with the i ecent developments in the prop B ert5' Tllis mine is now shipping 200 tons of ore a B Wee and the output will be increased, as there B was a new strike made on the 850-foot level, 150 B feet from the shaft. The value of the strike has fl not yet been determined. This stock closed 24 B cents bid, 25 cents asked. fl The Uncle Sam compa ips levied a 3-cent as-B as-B 8essment, which becomes quent August 25th. fl Late reports from the propei t; .how that the'mine fl has ponsiderable first-class ore in sight and large bodies of low-grade ore which will be treated in the fifty-ton concentrating mill to be erected as fl soon as the plans are prepared, and the assessment paid. The management expects to expose more high-grade ore with the development of the low-grade low-grade bodies. The stock closed with 26 cents bid; offered at 27 cents. Work is being pushed in the Silver Shield, and the stock is quite firm, with 6 cents bid and 7 cents asked. The Century for the month of July produced $6000 in bullion besides the concentrates, and the management states the August run will show better bet-ter results. The recent litigation over the company's com-pany's water right has been settled in favor of the company, to which it is now claimed, it has a perfect per-fect title. The stock closed 58 cents bid, 59 cents asked. Work in the Sunshine is progressing steadily, and the indications are encouraging. The stock closed 20 cents bid; offered at 21 cents. The stock of the California has fluctuated widely, wide-ly, selling as high as 32 cents, today selling as low at 21 cents. The old stock has almost entirely been transferred into the new company, and the directors of the new company have taken possession posses-sion of the property, and the mill has been started up. It is said that the funds have been secured to take care of the indebtedness, but it is likely that later an assessment will have to be levied unless the property should be sufficiently productive to take care of it. The stock of the Cala. mine, which is quite well developed and already has a mill in operation, is selling at nothing but a prospect price, and much lower than the stock of many properties in the same district which are not half so well developed. The Wabash mine, which is located in the Park City district and in close proximity to some of the big producers of the camp, is selling at about $1.50. From recent developments in the property we think this stock too low and would recommend its purchase, as the stock will undoubtedly advance before a great while. All inquiries regarding any of our mines and stocks will receive our prompt and careful attention. atten-tion. HUDSON SONS CO., Suite 5 Walker Bank Bldg. |