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Show 10 INTER-MOUNTAI- MINING REVIEW, N 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as many Utah mines have been and are now operated at great profit by individuals and close corporations that do not publish their dividends. Twelve millions would be a conservative estimate of the amount of dividends paid by these mines. illNING STOCK REVIEW. Weakness and depression have characterized the local stock market during the past week, and prices have sagged off. There has been a fair amount of business on outside account, but not sufficient to counteract the apparent efforts of local holders to liquidate. A selling movement is generally looked for at this period, and it is usually brought about by diminished earnings, owing to the bad condition of the roads and interruption of ore traffic. Shrewd speculators always take advantage of this annual slump and take in the shares offered by timid stockholders at bedrock prices. Notwithstanding the present decline, nearly all of the listed stocks are higher than on January 1st. Mercur, for instance, which dropped to $7, still shows a gain of 16 per cent in three months. This general gain enables holders to realize profits, and is partly responsible for the desire to liquidate, which has thrown more stocks upon the market than it is able to absorb. The recession is but temporary, and many splendid opportunities for investment and speculation are now presented. Two new stocks were listed during the week. Brick Consolidated and Eagle. The former company was recently organized, with a capitalization of $500,000, divided into 500,000 shares. It owns a group of gold claims in the Vanderbilt district, California, and a p mill is now in operation. Last year the property produced The stock is held at par. The Eagle is a promising property in Camp Floyd district, upon which much development work has been done. Ajax held its own during the week until yesterday, when it was hammered down to 90 cents, but it cannot be kept down to that level. There was a stronger demand for Anchor, with no transactions. Nothing was done in Alliance or Annie. There was increased inquiry for Bullion-Beck, and sales were made about $6.25. A large body of good shipping ore has been opened up on the level. This month the usual dividend of 25 cents will probably be paid. Centennial-Eurek- a was in very none was offered but strong demand, under $70, except in very small lots. A few sales of Dalton & Lark were recorded, but there was little activity. The ore shipments are heavy and constantly increasing. Sales of Daly have ten-stam- $30,-00- 0. 700-fo- ot been made in the neighborhood of $8, and of Daly-We- st at about $7. These stocks have not suffered from the general depression. There was some trading in East Golden Gate, but not the activity of the previous week. After the sensational advance of last week, Eagle fell back almost to the previous level, the manipulators being unable to sustain the market against liberal selling orders. Geyser went to pieces as the result of suits involving the title to the property. Whether these claims have any foundation or not, they are certain to exert an adverse influence on the stock so long as they are pending. Some small lots of Horn Silver were sold at figures around failed to bring out any stock. The property has paid dividends and is now being equipped with a new hoisting plant. A very persitent demand for -Anaconda Richmond- has recently developed, have advanced. and prices It is rumored that the control is being quietly bought up. The property lies near the Utah Consolidated, at Mammoth. Horn Silver was the only Utah stock sold at New York last week, 1000 shares having changed hands at $2. The unlisted stocks closed as follows: $2. Mammoth was one of the bright spots of the market, showing an upward tendency, under increased demand. The company has added to its water rights interest by purchasing the Bullion-Bec- k No decision has been reached concerning the new hoist and other improvements. Mercur continued on the downward course and sales were made at $6.95. The depression is wholly due to selling pressure, upwards of 1200 shares having been put out. The property never looked better and the stock is a tempting1 investment at present figures. Fears have been expressed that the erection of the new mill will necessitate an interruption of dividends, but the management expects to continue regular payments. Last weeks strike adds an enormous body of ore to the immense resources of the mine. Sales of Ontario were made at $13.50. Bids of $15 for Silver King brought out no stock. Sur thine suffered further decline, under reports that the mill was not making such returns as had been represented, although the best information is that the ore is handled at a good profit. Little Pittsburg led the unlisted stocks in point of activity. The assessment became delinquent last Saturday, with but very few shares unpaid. Contracts for development work are to be let at once. Dalton shared in the general weakness and prices are off a few points. Crown, one of the new stocks, shows signs of becoming a favorite. The property is located near the Northern Light. The strike in the Tetro is responsible for the sharp advance in that stock, which was yesterday held at 15c. A very short time ago it could have been purchased at 5c. A strong demand for Swansea has in Cherry Creek. The Denver Mining Industry pays this tribute to the new State of Utah: Utah is not going to be contented with a 'back seat in the constellation of States. It is destined to produce immense quantities of gold, silver and copper, besides the baser metals and minerals. The leport of the United States Geological Survey, just issued, will do a great deal to fix the attention of the public upon the rich mines of the Mercur district." The expectations are small and the uncertainties are great," is the way a California promoter describes a pending deal, in writing to a Salt Lake friend. |