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Show badoa fki4;et hettei. Salt Lake City, May 15, 1902. Our markdt for the past week has not been as active ac-tive as during the weeks and months preceding. Many anticipate that it will be dull during the summer sum-mer months, but, inasmuch as our town will be crowded, by reason of the annual convention of Elks, it being estimated that there will be at least 30,000 visit the city at that time, many of whom will visit our mining camps, and likely make investments, we think that there will be quite a-demand for stocks. While the showing at the Ajax is said to be good and they are shipping a little ore, probably enough to take care of their expense, the stock remains stationary sta-tionary at from 42 to 46 cents. Anchor stock is worth between $3.25 and $3.33 The latter amount will be the price realized by the shareholders from the Daly-Judge Daly-Judge company, on the purchase of the Anchor. Carisa is making heavy shipments of ore, but the stock does not seem to advance above 40 or decline below 35 cents. Con. Mercur remains firms at from $1.80 to $i.82X. They are paying their regular dividend divi-dend of 3 cents a share per month, making it as good interest paying mining investment as we have in Utah. The ore bodies of the mine are increasing with the development and the mill is working in a very satisfactory manner. The Daly-West made quite a decline, owing to suits which were filed against the Quincy shareholders, share-holders, involving the property owned by the Putman Mining company, purchased a number of years ago by the Quincy Mining Co., but is now quite firm at from $43.00 to $44.50. They are paying their dividend divi-dend of 40 cents a share regularly and we can see no reason why Daly-West stock should decline. They have an immense ore reserve, and if the price of metals does not decline we may expect an increase in the dividend within a few months. Grand Central is selling at about $3.00. It issaid that the condition of the property is excellent. If the litigation was removed from this property and the Mammoth the stock of each would be twice present pres-ent quotations. The Lower Mammoth has declined some and is selling at from $1.40 to $1 43. It is likely that Ithin a few months our smelters will require more ore, on account of their increased capacity, than the mines have been supplying. Many of the Tintic mines have large bodies of low grade ore which they have not been shipping because of the high freight rates and excessive smelter charges. It is expected that both these charges will be reduced so that the mines will be able to market their low grade ore. This will be a great benefit to the Lower Mammoth company, which, it is said, have a mountain of low grade ore. We look upon the Silver Shield as being one of H our low priced speculative stocks, on which there is liable to be a good advance. The stock is selling at H from 6 to 7X cents. The South Swansea, which advanced as high as 78 cents, on account of a valu-H valu-H able strike at the property, has been declining re-B re-B cently, selling as low as 52 cents yesterday. At this price we would think it is almost low enough. H The physical condition of the Uncle Sam property has greatly improved within the last ten days. The stock is selling at from 35K cents to 40 cents. They H have encountered ore on their lower levels and the H vein is showing up, so it is said, very nicely. The H company is not shipping enough ore, however, to take care of their expenses, and unless the company have an income sufficient to pay their running ex- penses or unless the physical condition of the prop- erty will warrant the directors in increasing their indebtedness, it will be necessary to assess the stock. The mortgage on the California mine is about to be foreclosed, and it looks as though lower prices for the stock are inevitable. The only hope for the I shareholders in this company is to reorganize the company with the stock assessable, or voluntarily N pay an assessment of a sufficient amount to liquid-y liquid-y ate the indebtedness. The property of the company is thought to be one of merit, and if properly worked in an economical manner should be able to pay expenses. ex-penses. It is impossible, in the limited space that is allotted to us, to write fully concerning our various mining properties and stocks. We will be pleased to answer any inquiries concerning any stock listed on our exchange ex-change or located in the intermountain country. If examinations are desired we will have them made by .competent mining engineers with the least expense possible. Yours very truly, Chas. E. HubsoN, Mgr. |