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Show Hxdsorv's Market Letter. Salt Lake City, Aug. 7, 1892. The market during the past week has been fail v active, and the prices of the shares are about t'he same as they were the week previous. With the exception of the trading in Daly West, Con. jlei ur and Daly-Judge, we think that the dealing has been almost entirely among the brokers, the out ide orders being confined to the three stocks inc tioned above. rintic shipments for the week were as follows: Bullion-Beck, 2 cars; Carisa, 7; Eagle & Blue Bell, 3; cemini 10; Grand Central, 9; Jensen & Milo,, 1; I ower Mammoth, 5; Mammoth, 6; Rabbit's Footj 1; oitth Swansea, 4; Yankee Con., 6; Uncle Sam, 4 ', i carload of concentrates from the Mammoth. t'ark City shipments for the past week were as foil nvs: Daly West, 3,541,000 pounds; Ontario, 97b ' 0 pounds; Anchor Con., 395,000 pounds; Silver Kii K. 2,464,840 pounds. lhe Con. Mercur, Sacramento and Sunshine ha been treating about their usual quantities of ore ihe Ajax stock is 33 bid, 33ij cents asked. It is difficult to draw any conclusion with reference to this company. The close-mouthed policy of the company still continues and it is impossible to tell anj thing about their condition. Shareholders who are entitled to this information fail to secure it. As long as this condition exists in this or any other company we would not recommend the purchase of the stock. It may be entitled to considerable credit, and the stock may be worth a great deal morp, but if the stockholders cannot secure information infor-mation as to the physical and financial condition of the property when they demand it, it would be well to let it alone. The Carisa is selling at from 22 to 24 cents. An annual meeting of the stockholders is ordered for the 30th, at which time we should know something concerning its physical condition. There seems to be considerable of the stock upon the market whenever the price advances a few cents. The suit of. the Bullion-Beck for ore extracted from their ground was compromised upon the pajment of $30,000. The stock has been quite firm, with $2 bid, ?2.75 asked. Con. Mercur stock remains firm at from $2 to $2 itj. The annual report of this company has not been sent out yet, but it is thought they have accumulated ac-cumulated a nice surplus. They are certainly earning earn-ing considerable more than is required for their dhidend, and their expenses will surely be lower uhen the ore is all sent to the mill through the Electric tunnel. Parties who recently examined the property say that the condition of the mine is bettfr than it ever was. The pooled stock which has been held by Mr. Dern has had no effect as yet upon the market. Daly West has remained firm at from $53 to 534 They are settling the losses which were in-'urred in-'urred by reason of the explosion, so it is said, on er favorable terms. They have declared their regular dividend of 60 cents for the month of July and inasmuch as this is to be a regular dividend, we look upon the stock at present prices as being quitf low. It is our impression that the stock will adwnce to at least 57.50, as an interest-paying inf-tment. It is said that the Dexter is about out of debt, and are cleaning up more than is required for then running expenses. It is to be hoped that the liviclends which have been so long expected iron this property will soon be forthcoming. The Eagle & Blue Bell declined, selling yester-daj yester-daj is low as 95 cents. Those acquainted with this property seem to think that it is going to mak one of the best mines in the Tintic district. The are taking out enough ore during the devel-pm- nt of the mine to take care of their expenses, and ie grade of ore is exceedingly good. G and Central has been selling at from ?4.80 to 54.9r. There is no doubt that this stock would be uc1 higher if they should resume dividends or we - jit -with, the Mammoth was compromised or deci d. We hardly expect dividends for awhile, and r that reason think that the stock will fluctuate fluc-tuate below ?5 for a few months. T e Ingot is quite strong at from 5 to G. cents- There is no work being done on this property prop-erty nd the stock is selling at these figures only jta e it adjoins the Mercur, and it is thought lkat jme time this company will buy the Ingot prr ty to add to their area. It is not likely that iUc- n action will be taken for a year or more. Ti Lower Maramoih is weak. soiling at from I ii'oto u0 cents. Mammoth is quite firm at from HCo o $1.35. It is said that they have an excel- m i owing at the property; the stock is certainly Vr-rtl considerable more money. m Mi . Day remains stationary at from 22 to 22 cents, although the condition of the mine is greatly improved. We would think that the purchase of the stock at these figures would be all right. Northern Light is lower, selling at from 3 to 4Vi cents. Ontario is firm at about $9. We think it is a good investment at these figures, inasmuch as they are paying 10 cents a share per month, or rather, 30 cents quarterly. Sacramento is selling at from 28 to 29 cents. We do not think that it will be very many months before this company resumes dividends, and this price for the stock is certainly too low. They have an immense ore reserve, sufficient to keep their mill running for years. Star Con. is weak at 17 cents. Swansea is selling sell-ing at from 90 cents to $1. Although this company is not shipping much ore at present, the property is certainly worth more than is indicated by the price of the stock. We recommend the purchase of Swansea. The same can be said of South Swansea, Swan-sea, which is selling at from 27 to 28 cents. The ores of both the Swansea and South Swansea is of a class which will be very much sought after by the smelters, and we think that the demand will be so great that they will be able to contract their ore at good prices. The Uncle Sam have concluded to erect a mill on their property to treat their low grade ore, of which they have a very large amount. The assessment as-sessment which is pending is to secure funds for this purpose. The stock is selling at from 26 to 27 cents, and it is our impression that it will be higher. The Utah remains firm at from 50 to 53 cents. There is something doing on Valeo. We have heard that an effort is being made to secure the control of this property. The stock is selling at from 16 to 17 cents, but very little is coming on tho market at these figures. We will be surprised if this stock is not higher within the next sixty days. The physical condition of the Ben Butler property prop-erty is greatly improved. They are shipping more thane nough to take care of their expenses and are accumulating a small reserve, which is likely to be divided among the stockholders after the litigation with the Liberal people has been settled. The stock is selling at from 13 to 13 cents. California remains firm at from 23 to 24 cents. The mill has been started up on this property and they are getting the mine in a condition to work their ore. We have always thought that the California Cali-fornia would make a paying property, as the veins of nearly all of the mines in the Park City district have proved to "be continuous, and we expect the California to make a paying proposition, since they have found ore sufficient, it is claimed, to erect a mill. The strike which was made recently in the Comstock property is certainly a valuable find, and should add materially to the value of the California property. The Comstock, which was selling at 40 cents, advanced to $1.15. but is now offered at about 90 cents. The vein is widening and there is every indication that this property will make a very valuable one. The Century in Park valley has made a phenomenal phe-nomenal advance, selling at 49 cents a week ago, to 88 cents yesterday. This company has an indebtedness in-debtedness of over S15.000, and it is hardly likely that they will join the dividend-payers for at least six months. It is claimed that they are getting a good grade of ore at the mine find that their mill is turning out enough so that their indebtedness is being reduced. We are Inclined to believe that the buying of the stock has been largely from manipulation, and do not think that it will advance ad-vance very much more. There seems to be considerable consid-erable coming upon the market. This company being in a new district, and they never having demonstrated that it could pay, keeps investors from buying it at these figures. We hope that it will prove a valuable property and that we will have another dividend-paying mine in a new dis- i H trict in our state. H There is a good showing at the Martha Wash- ,,' H ington. This stock is selling at prospective figures H while the mine is producing some. The assess- H ment recently levied has carried the company out j, t H of debt, and we are inclined to think that the f H stock is too low at present quotations 5 to 6 H cents. i H There is nothing new to report from the Tetro 1 . or Victor. Yankee is selling at from 80 to 95 i j M cents. The meeting of the stockholders was ad- l M journed because Dr. Franklin claimed the right to M vote certain shares which were held by Mr. Du- H Bois. There seems to be a quarrel between the ' M principal owners of the Yankee stock, and while '' ' M it lasts we would not recommend the purchase, , M although tho price of the stock, compared with . ' fl the prices It has been selling in tho past, is cer- M talnly too low. They are making shipments of B about one car a day, which should be sufficient to i " 'M take care of all their running expenses and add quite an amount to their treasury. It is said, J H however, that the grade of their ore is not near so $ ' H good as It was several months ago. t " Daly-Judge stock has declined from $11.85 to ' f H $11.30. We expected this decline, because It is 1 ' , H natural for those that got in at low figures to take I "ilH profit on their investment. Buyers withdraw from 1 I'H the market when a stock declines, and as there fVil is considerable stock upon the market and an ab- I,' yH sence of buying orders, we expect It to decline ' dH considerable before they will be able to pay dlvl- ifvi'lM dends, at which time, no doubt, it will be higher. M S They have a good showing in the Wabash, at ) i "H Park City. The stock has been selling at from j ' r : $1.60 to $1.67. As this property is located near I '!'" the valuable mines In that district, the general Im- U jjjIfM presslon Is that It will be higher. t Jjlfl Great preparations are being made for the Elks' tfxll convention, which is to be held between the 10th p jfH and 15th. Our city will be crowded with visitors, & filfl and quite an amount of money will be left In Salt iiwiB Lake. The weather has been quite warm during fiflflfl the week, but it is much cool.cr today, and the in- ivH dicatlons are that we will have nice weather dur- ytfftifl ing their visit. We do not think that this will 'l!fl have any material effect on our stock market, but Hi 21 no doubt, valuable acquaintances will be made, rp sH and many will investigate our mining resources, fff'SIH so that later on they will make investmenUi, Ar- if'sffl rangements are made to take the delegates to the j. iH various mining camps. U l!fl We offer our services to give any information ! ijil concerning mines or stocks in the intermountaln fi.'fltM country, and will take pleasure in answering all t$'i5M inquiries. HUDSON, SONS & CO., HHI Charles H. Hudson, Mgr. IlilJH |