OCR Text |
Show 10 INTER-MOUNTAI- N MINING REVIEW. STOCKS LISTED ON THE SALT LAKE STOCK AND MINING EXCHANGE. This list is incomplete, as many Utah mines have been and are now operated at great profit by individuals and close corporations publish their dividends. Twelve millions would be a conservative estimate of the amount of dividends paid by these mines. J1INING STOCK REVIEW. Prioes of stocks fluctuated rather wildly during the week ending yester-dethe erratic course of the market being largely due to manipulation. The week opened strong, with everything higher, but weak spots were developed later. There has been a fair volume of business, with good outside buying of investment stocks and active local trading in speculative shares. An indication of the increasing outside interest in good stocks was the receipt of an order from the East for 1000 at as high a price shares of Daly-We- st as has yet been paid, but the order could not be filled. There has been some trading in Ajax at prices around 85 cents. It is reported that the property has never looked better. More buying of Anchor is reported than for some time past, sales being made at $2.352.50. The inquiry comes from local investors. The first sale of Brick Consolidated was recorded on the Exchange at 60 cents. The company is getting out for some new machinery. Bullioplans n-Beck continues at about previous which point it is undoubtat prices, edly a good investment The directors will meet on the 12th inst., when it is expected a dividend of 25 cents per share will be declared. According re-to have reports some .fine ore bodies 700 level. on the cently been opened up One hundred shares were sold yesterday at $6.65. There was strong inquiry for but the offerings were light, nothing being available under y, Cen-tennial-Eure- $80. ka, are strongly Daly and Daly-We- st held and in good demand, with very little to be had at going prices. Holders of Dalton & Lark have advanced their figures to 55 cents. The regular monthly dividend will be paid on the 15th. East Golden Gate was knocked down to 40 cents, in spite of very favorable reports from the mine. The knowledge that a large block of stock threatens the market, in the face of light buying orders, was responsible for the decline. Superintendent McLeod reports having broken into a stratum' of decomposed is believed that the main vein will be encountered within the next fifty feet. The inquiry for Galena continues strong and prices were well maintained. The company will pay another dividend of 5 cents per share this month. There was little doing in Her-sche- l, but the commencement of active development work, as decided upon, will stimulate activity in this stock. Geyser opened higher, but lost the advance during the last few days. Four Aces, having made such a wonderful spurt last week, suddenly dropped to 25 cents on Tuesday, but recovered a portion of the loss yesterday. The decline is believed to be due to manipulation for the purpose of covering short contracts. Mercur fell off a few points, and the decline brought out liberal buying orders, which were filled at $6.907.00. Mammoth is still fluctuating about the $3 mark, although it sold up to $3.10 during the week, and the oracles predict a further advance. The ore now being shipped carries from 4 to 5 ounces in gold, which ought to result in a dividend at an early date. Ontario was in fair demand, and advanced in the bidding, bub very little stock is offered. Silver King is still advancing, and there is little to be had at present quotations. The regular monthly div-ideof $37,500 is paid today. There has been no important change in Sunshine, nor is there likely to be until the company has finished the series of experiments upon which it is now engaged, for the purpose of determining what changes, if any, are necessary in order to attain the best results at the mill. The result of these experiments cannot possibly alter the decision of the management to increase the capacity of the mill to 250 tons, paid for and shipments of that do not firsb-clas- s ore are being made. Bogan shows considerable strength, and sales have been made at good prices. The assessments on Tetro and Natural Gas are now delinquent. Of the former not over 2500 shares will be sold. The unlisted stocks closed as follows: nt Assessments. North Eureka Mining company, cent per share; delinquent May 30th. Delinquent Assessments. but it may show wherein the efficiency Tetro Mining company, 1 cent per of the plant may be increased. share; sale May 25th. Utah will pay the usual dividend of New American Gas and Fuel com2 cents per share this month. The pany, 2 cents per share; sale May 18th. stock is still in good demand at slightly shaded prices. The last installment of the $100,000 Richmond-Anacond- a was the live- paid for the Malvern group, in the liest of the unlisted stocks, and was Camp Floyd district, was discharged roughly handled by a bear clique. It last Friday, and a strong company has was forced down below 5 cents, supposedly in the interest of people who desire to increase their holdings. Swansea was offered at lower but is still quoted at a figure prices, reprelime, impregnated with cinnabar, ex- senting huge profits to a majority of actly similar to the capping of the the holders. It is predicted that ai diviGolden Gate vein. This was found at dend of 10 cents per share will be paid a depth of 210 feet, at which point the next month. This would require but management reports the formation dip- $9000, as there are only 90,000 shares ping towards the Golden Gate, and it out. The new hoisting plant has been been organized to work the property. The capital is $1,500,000, divided into 600,000 shares. Following are the officers and directors: President, John W. A. Sherman; Dem; treasurer, G. W. E. Dorsey; secretary, C. H. Jacobs; E. H. Airis and Frank H. Officer. The Malvern group consists of ten claims, adjoining the Sunshine on the south, and contains the extension of the Sunshine vein. vice-preside- nt, |