| Show Nom if l r REVIEW OF TUE STOCK MARKET FOR TOE TilE YEAR YEARy s J J y uL MAMMA n I M I L oHI IH Ht I I l f Fi FiL iIi J 1 L 4 t Y ij t T I 1 ft j k 1 j jj I j 41 o rr l y yI j t I j 1 I X T t i A M A N site T c i i a t s 1 1111 I i I H l 1 I H HII iiI HI I PROF WILLIAM H Who tho ot of the tho Halt Stitt Lake Lako Stock cold Mining Exchange for tor forThe The Nova S the year draws to a close It may IMY not be or tu to review the tho rec reccord T ord ot of the tho transactions ot of the tho Salt Sall Lake and nOli to 10 study In hr limn Ihl light ot of hIstory y the tho causes which have produced to gather some fame com comfort tort anti and en Cl and to determine It pos whether the tho outlook Is bright end hopeful HANNEn nAn 1901 The 1901 Is looked looke l up upon n ns es the tanner banner year In the tho history or of the tho Min lag exchange Early In that year the Iho began to Irony Crom the tho lIA dlo tro s lump ot of the year eliI eliIAs As the market speculation and ordera for tor came from nil parts or of the country 1 mon men brought broucht to the tho of at their capital dud mall others to 10 tile the limit ot of both capital rued credit Th The climax ns reached In very rumor ot of n In ht n mine vui enough to put the tho ot of 1 a stuck up beyond reason PRICES BEGAN TO FALL lAIL FALLIn In the tall fall ot of that year Prices along nearly the whole list began tf to toll fall The Th d decline was but sure au ua 1 I nn Y undertook to gars gIO and Parlous arlous were Nu cx or checked the tho In decline The rho fact Is that many were obliged to dispose ot of their holdings when there thelo was WIS 10 market to 10 absorb them and rapId rapidly ly Iy The low loll prices prevailed the last 1 although the tho tool not reached until the present year For Fora a long the tho general average ot of has been low CAUSES lAtSES 1 FOR DI DECLINE There url are then several causes which Ina may be giVen to tn account In n II measure tr tot and the depressed condition of at the tho market Over Oer arid the nay be an 08 one strung strong cause tr It 0 of hold out by many III ha another potent lector The Tho to ying ot of frequent mid hell heavy mIlled added tvr tree e Thu ho general ot of the tho stuck market In III the 1 East lIst has hils Idl had some effect on our local mark tt It It Is generally that when Stocks are arc declining the thu majority ot of In tItOn are arc anxious to sell ell and that only n tel few ot of Iho wIsest st ate 1110 Iua ready ly to buy Luy II ashen hIli the Ihu market Is III loss lOCks aro advancing Ill the loua Ius to 10 buy II and l oven even at the tho highest paint I kut BUI what ot of and O meet In Is fa there In the present It Is said that history repents itself illicit Six J 1 years ears ago our stuck market eys 11 a a at t so ao Iowa law 7 1 ad n tide the Iho exchange for tOI the tho months ot of July and Ilia lIerl resumed In Hop I r hub but there being nil nu th the rt el elL ela a was L prolonged lit at lest Wall taus regularly resumed trans t I lOr t Tess ew small and fur hu hn en HOllin days there thelo were no sales 1 I lOll I cd On others tho they ranged front 2 O II to 00 II of the year Isn 1897 1 a 1111 I nil The year CUI w 08 Pry prosperous ad 1111 1 nn I I sales I es Wore were rhon t follo I o ed th the ot of decline cui In 1900 Tn OI I Many the l the oPinion lint 3 II pretest rel on l year 1111 has haA the worst In the h history nee of at the Iho mining stock bush busl t in this Ihl II c city I Iy A careful son ot of the Ih r of nt the tho present sith year those vt of sad 1000 afford much comfort Sited which are by P l a wills the tho toy low lowth r I ot of six years carl ago th total lOIn I number or of t e all on the In n IDOo 1000 tenA 5 I I Valued Palmed at 2 It t la Is lau laI u 1 I true that the record might have mad mada II a better It It hall had been belli mad mai madas liB as IR as the record ot of the Ares prea ent year The for tor tho pros en I Icar show th year car December e transfer of 0 shares ot of stock H It ItH Itt IH 1 SALES BY BYi i MONTHS IO TIIS IX 1903 the tho year car December es ca the total sales of at Iloe s made on the ot of the Ha t Lake Stock Ix Ex l shares which sold for tor 33 us liS follows tOllos Shares sold sohl Value January March 68 1837 AprIL him 1111 i y June 5 Jul July AU August II t October 0 November December Totals valued lit at The value ot of the bushiest Is III n a very er little less than two and n halt tines times greater than that of at the tho fa tonne I rear In III 1902 the tho total number or of shares sold on the tho floor ot of the exchange 34 the market value ot of which was laA It If his lory repents Itself we 10 may look for fora or orI a I prosperous sea on In 1901 Y COMING What Is the outlook Is III It bright and hopeful The Tho Indications are good for tal better business next year rear There Thero are more Inquiries far tor good gOOlt mining stocks and also 1180 for minI IIII Properties till lei Is 11 seeking such Investments IIA as It In 18 realized that the from Crom I mute muto mining are large rhe prejudice mining alining which has hns existed for tor years III s rapidly away inning stocks are 1110 not the Ihl only things that Ills the tho Inv heves In III hu hO called lire are elicit disastrous are arc lest lo t In III wheat corn pork park and even In city lots lols 1 hell ell known bunker rays fOS that banking is IH Ilot nil as profitable IS as bitting h I ready for tor good In The ho outlook lit Is bright ht MONEY O G 1 It the Ill money mOlley Is IR clear leg Illg It Is IH admitted by eastern Vaunt that there will ho plenty ot of easy Call money after the first ot of the III I year rite rho outlook Is therefore hopeful I I MINES NI NEVER lm OlD DID Never Nevel In III the limo history ot of u In have hao the miles ot of the state done dOllo doneso dOlloso so sell ell nit nil they have during thIs year When the books book II balanced nt at the tho end ond ot of the tho year ear the record will show tint that the output for tor 1903 1103 greatly exceed exceeded ell ed that or of any prevIous year There are 1110 now floe five largo large smelters Ito III success successful lul ful operation In the state I large one the tho wIll Hoon foon he In operation The m millinA Illing plants ot of the slate will bo be a 1 much larger tonnage In III IDOl 1901 In ha dividends mites and mininG are leg IlIg nn enviable record rho rhe total dish lit In dividends I the tho month 0 of December will exceed are aro several other will enter the tho lend list next year As those these facts hOe ho coma ln the to for I our Jill stock will Increase The rho outlook for tOl our nUl stock market marketIs Is III therefore bright nil and hopeful SO 1 ACTIVE A study ot of the Iho Oil in thu exchange Co for I the year reveals JOllie In III facts stocks which were during the year ell namely Wc Vest t Consolidated Mercer Mn May Day Dal Daly Ju Judge ll olmo moth New York anti Yankee There arc other stocks which w were ro r quite active nt at different during the Ihu year A list 0 of such stocks would include Liberal Century Star Tetra Grand Central Daly Engle and 1 hell Bell mul one Inu or two others Many ot of the listed stocks were Inactive throughout the year OPI N BOARD There Thera are several stocks Blocks which have hon been active on the open hoard but which have hlo not yet ot been buen regularly ad to tho exchange Some ut of the tho ones In this list url are Montana Tonopah Keystone Thomp Hon fall and II a few tew ot ethers It must to be understood that the trans actions on the Exchange l du u sot nut sent nil 1111 ot of the thu bit done III alining In Still Lake or 01 arc which have brett their treasury through I bl s ruts thus thUM ninny thousands fit of daunts have beta raised l for tor n of The rhe list or of such Is IH II a Icing tine tote malty good goolt docile tinny ot of the tho I are now Hold on tho elicit board 1111 and 1 enters ate sold ohl only 1111 lit at Private stile should lit ho be Ilsted sit all that thu of oC the tho exchange might hit hll more Inure generally jl representative of the tho mining Interest ot of the tho state ORGANIZATION TION UP OF l The rho ot of the Salt Hall bake 11 I i 1 j tOO tOOT T t to U o r MI MINES ES P PAID MOkE llIAN IIAN 1 1 I N DIVIDENDS DS IN 1 1903 I 1 X T Within week the thc mines of Utah will Im have hac declared anI pail paid to their theil shareholders the en is sum o of j thus closing the record far III the year Compared with last year ear this is a gait gain of 1 3 lit 1902 dividends were lucre to the of The Pic now belonging to the United States disbursed i the t 1 I flay la Day Ontario the Yankee Consolidated and the Quincy of Park Puk City r i now owned by the lining company 3 which amounts added to 10 the total 3 in inthe 1 the following table equals the sum stun stated Two Utah mines entered the list o of dividend payers during the year they being the Century o of Park Valle Valley and of Bin four boar others which did not make I in 1902 1102 did this year viz t Grand of Tint lintie r Horn Silver of Sacramento of and Smith Swansea of The rhe Utah of Fish Springs missed several months hilt but is paying regularly again u Park City Cily is again in the lead in the of dividends paid while takes second place The set sel setI I cral close operating iu iii the state slate are not given as no authentic information concerning their f I earnings s is at this time II f to ever the dividends o of the year car all told will exceed At Al the time iliac of compiling the following table tahle assurances were tint that the Century pay an extra holiday of i that the 1 horn t Silver would It also report with wilt 20 0 and e that lime Utah r Consolidated would get with so these amounts are included I 1 he Consolidated 1 ceased paying Paving J in Ia lay this year when in its milling ft facilities were cd d Name of line location I Paid ill in I I in 1903 Totals to Date Jalc Annie Laurie Lauric 1 Gold I OO E I 1 1 I 2500 I i Century Park Parle Valley I 1000 I j j Consolidated I I 1 Park r City I I Gemini I I I t 9 Central i I Horn Silver Fri co I i S i ur l I o oo I Silver King i z South I S t Jl lIt IC 2 84 Utah I I 1 ISI 1 S Springs 0 I Utah I 1 I I I 1 totals 1 ota s l I I I I I I I Includes dividends of oil ohl and Golden Gate mines bc before ore and after consolidation 11 j i actions an the exchange do not to lit It sta A Oil on f December 6 ht ot of that year 01 when calls were ere formerly opened l The Tho first session was Willi held In Inn Inn n room on watt Second l South street just east tit ot the Cullen Callon lintel hotel Colonel John W 11 lIIS the first dent ot of the tho Somo of nr the tho theother other members of at the tho new ex exchange change o were elO U G S H Hulmes C E Stan Stanton ton I 1 I Colborn n IL c a 0 II 11 J J T Daly Knox henry M 1 Ryan and others who are not nol now noli on the exchange Those who whose n names and faces are 1110 a m 11 III on the present hoard were E B II J R II I son John Dorn Dern and n a tel few others I I II 1 l j t 1 f t tJ J i I 1 j I j f r h In d t I 1 j 1 r ri r o Y e t tt i t J Jj j 1 t I Ij d dj t j j l t d fd f 1 j t T T TT t T T Tj T j T TT T 1 T 1 T T f Tf I iid ii T 1 d 1 I IT T T i 1 i II I I I r rI I 1 II or of the Sall Luke Sleek tolk und timid I Exchange and Ono one ot of Its Most and Active etlo Members I 4 In formally opening time tho exchange sold It tt is fl a pleasure to me 1110 and Il a 1 to cull this exchange to order timid tu to formally open It t for tOl Judge g 1 J F Col wain whom the President culled the H H H H H SIVE YEARS I AnS i j f EXCEEDS I I I 5 P j 1 T TI I 1 During the tho past seven years 1113 1 ot of the ut of the Snit Salt hallo Stock Exchange with f December or of this year CI l there were sold RaId shares the tho same Hume It I trill 1111 be seen Heon from the tho following I j tint business was most e eIn I In the tho year WOl 1901 and transactions 1 wore were ron considerably fewer this Ihle year 1 I titan thun last f l Shares Value 4 mi 1597 G t 1 1598 1 1 99 i 1900 j 1901 I 60 t j 30 1003 33 1 12 9 G 20 I I orator and who been boen elected caller gave an excellent address rho rhe oilier brilliant speakers On an lint were Mayor and e C e GoodwIn After Atter the nil dresses II a banquet was son served etl ed h by Mr Fred Frd A We Vey meeting tens held on and on 1111 day the first le regular call held Loh The bulls timid the tho bears were In the tho lilt to 10 gother but bill each was U it lit of time the oth othor othor or and nn look Place twenty stocks were called nn 1 five 0 unlisted turn of at which were bunk stocks ot of the tho then thell stacks ale at e pots now on et the bOil board Id of at the exchange The Jho quotation on Dill Wt lt stood bid and asked 6 were but tor tOl JANUARY AR APRIL Il MAY JUNE JULY AU l OCTOBER A NO OE t D 0 17 24 31 7 14 21 2128 28 7 14 21 28 4 1 lI 18 8 25 z E 9 G 28 b 6 3 20 o Po y 3 U 8 25 I 8 6 5 z 9 S 2 19 26 3 0 17 24 JI 3 7 N IF 21 28 S 5 2 I 9 2 11 3 8 g 8 8 N No NN m C N N oC o tt c m c th n roN ro N aa o oh n m ro V N J v h o a 4 2 r W ro n h Ko r t tI 9 try coal h O n N tON ro N oJ roN h V N N rr j ro I N Nt 9 t 9 a OJa bs h h o V t m n n z g s aH i iJ h cy t h j J t p N O y h 4 h 0 W N O O h h 0 V 1 0 p 0 0 h N N N i 1 J j 1 V I 1 1 H 1 J JI I A I 1 I ID J I D Dollar lIar and Cents Diagram of the on the Salt Sall lake Stock and Mining Exchange for Eleven Months and One Week of 1903 r I I I 1 I i j and asked l and 1160 was the Ih otter on an Sliver Silver ICing with 1 1526 5 asked i FIRST SALE On Monday Dec 30 the tho ot of the gathered again The lobby lob lobb b by was well 11 filled Ill Thera lh ro was Willi a genes 4 al 01 tooling feeling that Probably the tho let ice be broken mid there thero might hu be n a clash till the hulls nn and the tho hear bellr Will a aC i l C then time the mining ot of the herald wrote Mon Whon Norman sold shares ot of Mammoth tu to J U D Thompson n a cheer Wilt raised that wood have done credit to n a victory won On f fI hy I settle strong In ht n II Itoman i The b then be became came more mOle lively anti and after the tho call R when the Iho goas you fur tOI e stocks ensued J 1 n J sold 2000 shares ot of Ajax to II JL L Hall mind to t i these tour four gentlemen belongs the tho u uIt It and honor ot of having hallI In ht the tho y first OrRt transfers ot of stock on en the hoar of at the tho exchange e The stocks sold jot 1 on an this call wars UIt 1100 Mammoth at from to and OO jax nt at On the next day dllY the tho transactions amounted to 0 of lit at and 4 j shares of at Dalton nt at e January 2 the tho total Involved the 3 i isole sole ot of nt at 1474 17 and dO Sunshine nt On January I 3 1 w aA said lit at i SOO nt at i 9 J lr c 3 00 Pittsburg nt cit c amid tit nt Ie From this tithe fit the tho stocks Alecks became niece moro active At that time Sliver ICIng had pall In III dividends nod Con Cott l Investors were for tor for tor large and quick profits and these could be made on mining stocks nt at lint amine rhe on the Iho ox e a teas aM vel very In the spring of at HOG 1690 hut but In ht time the summer stocks Were nt at l ln n low ebb transactions row flaw and far and the adjourn adjourned ed ll for tor two months fhe seine ame Is trul 1 also ot of this o of 1897 On sonic somo t the worl cis 1111 few tew as al althey e ethey they were on the opening day ot of the 0 ox p change In ht the tall tail or of 1597 1397 the tho c hind Its calls u under Olle I the flunk Blink or Commerce J In III the old Atlas bluell since L by 5 S C R began to 9 V and time 1111 sale or of stocks steadily during rY time whiter oC at sad 1808 old during lh year 1188 activity lasted through lugh time the first half lit of the year 1811 fl Fu great WUI wua the In flIt In hl time Ihu sloth that many wIn lad I c n ngu ed In real rul bought boats on fit the rued the prices ot of Ih seats advanced from 16 In tall fail fI |
