OCR Text |
Show 10 MINING REVIEW. INTER-MOUNTA- IN STOCKS LISTED ON THE SALT LAKE STOCK AND MINING EXCHANGE. ao NAME OF COMPANY. $ 3,000,000 Ajax (Copperopolis) Alliance Anchor Annie Brick Consolidated Ballion Beck Centennial-Eurek- Dalton & a Lark . .. Daly Daly West Eagle East Golden Gate. . . Enreka Hill Foot Aces Galena Geyser Gemini Herschel Horn Silver Mammoth Malvern Marion .Mercnr Ontario Overland Silver King Sioux Con Sunshine Utah Capital. , 100.000 1.500.000 250.000 500.000 1,000.000 1.500.000 2.500.000 3,000,000 1.500.000 150.000 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 8 Location op Mine. & 800,000 $10 1 100,000 10 150.000 1 250.000 1 500.000 10 100.000 50 30.000 1 2,500,000 20 150.000 20 75.000 1 150.000 5 600.000 10,000 100 1 250.000 10 100.000 5 200.000 5,000 100 5 1,000,000 25 400.000 25 400.000 2.50 600.000 5 100,000 25 200,000 150.000 100 5 400.000 20 150.000 10 100.000 10 250.000 100.000 10 Tintic Park City Park City ('amp Floyd .... Vanderbilt, Cal . Tintic Tintic Bingham Park City Park City ('amp Floyd Camp Floyd Tintic .. ......... Tintic Fish Springs.... Camp Floyd Tintic G.,S , C. S., L. G., S.( L. G. G. G., S.f L., C. G.t S , C., L. G., S., L. G., S., L. G., b., L. G. G. G.f S., C., L. G., S., L. G., S., L. G. G., S., L. G. Camp Floyd Frisco. .... .... .. G., S., L. Tintic.. .... ...... G., S., C., L. Camp Floyd ('amp Floyd Camp Floyd Park ity ('amp Floyd Park City Tintic G. G. G. G., G. a, L. G., S., L. S. L. G. Camp Floyd Fish Springs..., G., 8., L. Total 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 dividends. Twelve millions would be a conservative estimate ot the amount of dividends paid by these mines. their publish in water supply is not expected to seriously affect the output. Centennial Eureka has been offered in It is a thoroughfare that small lots at $64, and a few sales were never deviates, and Salt Lake brokers made as low as $62.50. The regular divand traders may felicitate each other idend of $1 per share will be paid on the 15th. The condition of the lead that mining stocks have at length market does not affect this apparently reached a turn in the road. as it is not a lead producer. property, The week just ended has been characDalton & Lark has been weaker in the terized by lighter offerings, stronger bidding, but is still held at 50 cents. to the fall in lead no ore except bidding and a greater volume of trad- Owing two what is taken out in development work illNINQ STOCK REVIEW. far-reachi- ng ing than has prevailed for the past months, and the market seems to be making an effort to emerge from the slough of stagnation. Persistent efforts are still made to hammer everything in sight, and but for this the recovery would be much more rapid. There is a good bit of Eastern money coming into the field, to be converted investment into the higher-price- d stocks, while local operators are taking a livelier interest in the cheaper speculative list, showing that there is still considerable cash available for good safe purchases, such as abound on the Salt Lake market at present. Some of the stocks have made healthy gains during the week, but there have been no sensational advances. Should the present buying movement develop any great strength an advance all along the line may reasonably be expected, as prices have been very close to a bedrock basis. The increased activity is simply wrhat was expected with the advent of cooler weather, when people scamper back from summer resorts ati'd renew their attention to business. A complete recovery of the market, however, can hardly be looked for until after the election.' There was some trading in Ajax, and the low prices at which this stock has been going, in the face of improved con- ditions at the mine, is one of the surprising features of the situation. Anchor and Alliance are still neglected. Bullion-Bec- k continued weak and sold at $6. The directors, at their meeting today, will declare a double dividend of 30 cents per share. Last month the property paid 45 cents per share, making a total of $75,000 for the two months and $135,000 for the year. Stocks with a poorer record are selling for more money. The slump in lead of the past three months is costing the company about $2000 per month, but this is made up by the increased richness of the silver ore. The present shortage is now being extracted, and it is quite likely that dividend payments will be treasury, while the output has recently been increased to $2000 per day. Ontario was weaker, with few buyers. Silver King paid its usual dividend of 25 cents on the 7th, but the announcement is made that this will be the last payment until there is a material improvement in the lead market It is stated that the recent drop from $3.00 to $2.50 per hundred involves a loss to the company, on the basis of its recent output of $8000 to $10,000 per month, and suspension of shipments was therefore the wise thing to do. The stock has fallen about $2 per share. There wrere no buyers for Sunshine at sellers prices. The work of increasing the capacity of the mill has been delayed, pending the determination of some proposed changes in the plans. Utah was weak. The monthly dividend of 2 cents is paid today. Northern Light was one of the most active of the unlisted stocks, selling at cents. It is announced that 4250 the company has sold the last of its treasury stock at the latter figure. Swansea was stronger the first of the week, but slumped off, selling at $1.90. South Swansea was very strong, on light offering and active bidding. Hogan suffered a sharp decline on the announcement that work had been stopped at the mine. Dalton sold at and bids of 1 cent were made for large blocks. The unlisted stocks closed as follows: suspended, although the management has not fully decided upon this. Daly sold at $6.60, but the demand is light. Daly West continues strong, and it is likely to remain a prime favorite, as reports from the mine indicate that it has been developed into a magnificent property. Some more expenditures may be made upon the plant before dividend payments are commenced. Eagle dropped down to 3 cents bid, and is evidently in disfavor. East Golden Gate was wanted at 56 cents and held at 1015. The drill has now reached a depth of 760 feet from the surface and is going down at the rate of twenty feet per day. Galena is still below its apparent worth, sales being made at $1.65. The monthly dividend of 5 cents per share is paid today. The last car of ore received from the mine carried 59 per cent lead and 107 ounces silver. to Horn Silver was weak and lower. Mi X 0. X The expected dividend has been indefiA nitely postponed, on account of the Company. slump in lead. There has been a slight reduction in the force at the mine, but the property is in good shape and making a fine output. Mammoth continued on its downward course until yesterday afternoon, when an upward movement set in. There is no apparent cause for the decline, unless it is a fear that the low price of lead will necessitate a suspension of dividends. This is not probable, as the mine has reserves of high-gragold ore to fall back on. A shipment carrying four ounces in gold was made this week. Mercur was strong and higher. The low prices at which this stock has been selling seem to have brought buyers into the field, and the announcement Mining Abstracts. that dividends would be resumed this E. W. Genter, Abstractor of Titles, month also stiffened the holders. This dividend will increase the total to an Complete abstracts of all mining WpP' even It is stated that erty in Salt Lake and Tooele counties. there is a handsome surplus in the .150 Main street. 1, 'A de half-millio- n. . j |