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Show The- MdrKet und the Mine? Someone left the gate open and a bear, frightened fright-ened from the mining pit, slipped into the commercial com-mercial room this week. Before he could be stopped he had created some havoc in the Utah Sugar common, Lewiston Sugar and San Pete & Sevier Sugar. At least this is the only explanation explana-tion vouchsafed by the brokers for the slump in the price of these shares. All of the sugars have shown tivity this week, with the demand good, especially for Idaho, Utah preferred and Amalgamated. Amalga-mated. The factories are still in operation, and the output of the three Idaho company factories , will, without question, be much greater than last year. Other commercial stocks are firm, with few offerings, while bank stocks and bonds are strong. Following are the quotations to Wednesday Wednes-day night, as furnished by John C. Cutler, Jr.: Bid. Asked.' Amalgamated Sugar Co., pfd $101 00 $102 00 Amalgamated Sugar Co., com 191 00 193 00 Benefiicial Life Insurance Co 99 00 100 00 Barnes Banking Co., Kaysvillc.. 125 00 130 00 Con. Wagon & Machine Co., pfd. 110 00 110 50 Con. Wagon & Machine Co., com. 98 00 99 00 Commercial National Bank 110 00 114 00 Dcseret National Bank 289 00 291 00 Deseret Savings Bank 365 00 375 00 Davis Co. Bank, Farmington. . . . 118 00 120 00 First National Bank, Ogden 275 00 280 00 First National Bank, Murrav.... 115 00 120 00 Home Fire Insurance Co 168 00 169 00 Lewiston Sugar Co 14 50 14 70 Lehi Com. & Savings Bank 118 00 120 00 National Bank of the Republic. . 130 00 135 00 Ogden Savings Bank 180 00 190 00 Provo Com. & Savings Bank 142 00 150 00 Rocky Mt. Bell Tel. Co 94 00 95 00 . State Bank of Utah 171 00 182 50 Sanpete & Sevier Sugar Co 10 65 10 70 Sugar City Townsite Co 171 00 172 50 The Utah Sugar Co., pfd -10 75 10 85 The Utah Sugar Co., com, 5 20 5 25 The Idaho Sugar Co 12 60 12 65 Thatcher Bros. Banking Co., Log. 122 00 125 00 Utah National Bank .163 00 165 00 Western Idaho Sugar Co 10 70 10 80 Zion's Savings Bank & Trust Co. 175 00 180 00 Z. C. M. 1 173 00 175 00 Western Idaho Sugar Co. options 10 70 10 75 Sanpete & Sevier Sugar Co. opts. 10 70 10 85 bonds" Church 102 I "102 Salt Lake City Railroad 102 102 Salt Lake City R. R. 2nd mtg.... 102 102 Sumpter Valley Railroad 103 105 Utah County Light & Power Co. 101 102 MININGEXCHANGe! If there was any scarcity of turkey in the homes of the mining investors and brokers on Thanksgiving Thanks-giving day, the homes so affected were those of the misguided' individuals who have been playing the market to lose. The bulls had, not only turkey, tur-key, but nice, juicy bearmeat to be thankful for The market has been bullish fn n the fall of the flag on Thursday last up to Wednesday evening, when these quotations closed. Compared with the preceding week, the volume of business almost al-most doubled, jumping from 130,252 to 202,406 shares, with a value of $104,896.56, as against $65,-709.31. $65,-709.31. Ore and bullion settlements, however, declined de-clined from $501,800 in value to $487,100. The month's business on 'change amounted to 605,456 shares, at $282,092.10. Lead by Little Bell, the leading shares shot upward like toy balloons, and the week's work has increased by thousands of dollars the market value of Utah mines. Ten leading shares which were priced at $6.12J$ at the beginning of the period mentioned, closed with a value of $7.63J4. The changes in these index stocks were as follows: Star Con. from 10J to 1054; Uncle Sam from 3554 to 40; Lower Mammoth from 33 to 38; Silver Shield from 16 to 2154; Ajax from l7j to 2(; Carisa from 16 to 19, and Little Bell from $1.40 to $2.92. The declines de-clines were few and unimportant. New York went from 20 to 19J; Columbus Con. from $2.92$ to $2.73, and Beck Tunnd from 30 to 2954. Almost without exception the shares have advanced ad-vanced on their merits, and it is unlikely that a reaction will set in until the less meritorious propositions prop-ositions begin to be inflated by the general buoyancy buoy-ancy of the market. BINGHAM. Production has been seriously retarded this last week by the almost complete failure of transportation trans-portation facilities. Two of the three locomotives used by the Copper Belt railroad broke down and the single serviceable machine was unable to handle the traffic. The mill of the Utah Copper company was forced to shut down entirely and the Yampa smelter greatly reduced its activities. The railroad procured another engine Sunday, but this, too, broke down, leaving the situation almost al-most as bad as before. By the end of the week it is thought, however, that normal conditions will be restored. An official statement by President Guggenheim confirms the report that the Guggenheim Gug-genheim Exploration company has secured the controlling interest in the Utah Copper company and appointed John Hays Hammond as managing director. The Butler Liberal will soon have drained the old Butler workings and will then begin be-gin extracting ore from the two-foot vein in the bottom of the winze. The lower tunnel workings are in a badly broken formation at present. In a drift from the McCann upraise in the Red Wing, a two-foot vein carrying from 6 to 7 per cent copper cop-per and 25 to 30 per cent silver has been struck. TINTIC. Drifting has begun from the new station at the 500 level of May Day. The present object is to connect with the vein from which the ore was B shipped at the 300 level and it will require from HH seventy-five to 200 feet of work to accomplish it- Hj The Beck Tunnel has come into market with an- Hfl other car of ore which was settled for on the basis lfl of 53 per cent lead and 39 ounces of silver to the ton. A director of the company is authority for the statement that a dividend of 1 per cent per share will be paid before Christmas. At the Uncle Sam the miners are delving into the ore 'H body recently disclosed on the 500 level, the same as was disclosed at the 300. Quantity and values 1 are both said to be satisfactory at depth. The first shipment from the Ridge & Valley, taken out through the Gemini workings, was made during .H the past week, and consisted of three carloads H from the 1,400 and 1,500 levels. Production will 'H be continued regularly. Stoping will begin this '1 week in the Joe Bowers at Silver City. The new shaft has been connected with the old workings, 'M and plenty of ore is visible. Shipments for the .Rfl week ending Saturday amounted to 155 cars, 1 1 i |
