| OCR Text |
Show 10 INTER-MOUNTA- IN MINING REVIEW. STOCKS LISTED ON THE SALT LAKE STOCK AND MINING EXCHANGE. 2o NAME OF COMPANY. AJax (Copperopolis) $ 8,000,000 Alliance 100,000 1.500.000 250.000 500.000 1,000.000 1.500.000 2.500.000 3.000.- 000 Anchor Annie Brick Consolidated Bullion Beck Centennial-Enrek- Dalton & a . .. Lark Daly Dalv West Eagle 1,500,(100 150.000 000 1,000,000 250.000 1,000,000 1,000.000 500.000 5,000,000 10,000,000 10,000.000 1.500.000 500,000 5.000.- 000 15,000,000 2.000.- 000 8.000,000 1.000,000 2.500.000 1,000,000 East Golden Gate..., Eureka Hill Four Aces Galena 8.000.- Geyser Gemini llerschel Horn Silver Capital. , Mammoth Malvern Marion Mercur Ontario Overland Silver King Sioux Con Sunshine Utah 00 f 300.000 100.000 150.000 250.000 500.000 100.000 80,000 2,500,000 150.000 75.000 150.000 600.000 10.000 250.000 100.000 200.000 5,000 1,000,000 400.000 400.000 600.000 100,000 200,000 150.000 400.000 150.000 100.000 250.000 100.000 Total 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 dividends. Twelve millions would be a conservative estimate of the amount of dividends paid by these mines. their publish fllNINQ STOCK REVIEW. The local mining stock market is still unable to hold its own against the mid- summer stagnation, the Presidential campaign and the uncertain and unsatisfactory financial conditions throughout the land. It is still a sellers market. but the local offerings have been rather lighter than during the previous week, which is construed as an indication of improvement. Local traders, however, are not sanguine of any great activity until after the election, but during the period of low prices shrewd speculators with a little ready cash If will pick up a good many snaps. those Eastern capitalists who have been thrown into a panic by the fear that the resumption of free silver coinage will depreciate the value of their hoarded cash really desire to protect themselves against possible loss, they could not do better than to load up dividendwith some of Utahs stocks, which are paypaying mining month and ing from 1 to 3 per cent per are certain to appreciate in value under free coinage. Utah listed stocks have the past paid $62,500 in dividends during week, and $142,000 since the first of the month. The weakness of the market has afforded opportunities for bear raids and some of the best stocks have suffered Ajax at the. hands of the scalpers. stock the and victims one the of was was sold short until it reached 60 cents, when an upward movement set in. There is very little stock to be had at present quotations and a few legitimate the past week buying orders during havoc with the would have played shorts. Excellent reports were received from the mine during the week. gilt-edg- ed The ledge has been cut on the 300 level of the winze, 465 feet below the surface, and this gives 120 feet of good stoping ground. The company has definitely decided to erect a mill, and the completion of the East Tintic railroad will afits ores. ford it a cheaper outlet-f- or The ore now being shipped runs as high as three ounces iii gold. was strong at about previous quotations, but in view of its present dividend record and the condition of the mine it should ; command better prices. It is the cheapest divideon the market, which can nd-payer Bullion-Bec- k only be accounted for by the uncertain policy of the management in the past. Some odd blocks of Centennial-Eure-k- a sold at $65$67.50, but orders cannot be filled at these figures. There was little change in Daly and the stock. The quarterly dividend of 25 cents will be paid Saturwas strong and sold day. Daly-We- st no activity in at $8.258.40. Eagle was offered at 810 cents, and East Golden Gate at 1015, with no buyers. The latest reports were that the East Golden Gate drill had reached a depth from the surface of nearly 900 feet. What values, if any, have been found the management declines to states, but announces that if rich ore is not encountered, another hole will be bored in a different location. Four Aces created some diversion during the week through a deliberately planned raid on the part of the officers of the company. By the industrious circulation of damaging and misleading reports and manipulation on the exchange the stock was forced down to 10 cents and on the following day the bidding jumped to 24 cents. Officers of the company do not deny that they are directly responsible for the break. While such practice is countenanced on the part of brokers and professional traders, when the management of a company resorts to these tricks in order to damage its own stock, the stock, if not the management, also, will fall into disrepute. In this instance the game was exposed before many fell into the trap, the chief victim being one unsuspecting broker who sold short at a loss of $400 or $500. The apparent purpose was to stampede the holders into selling at any price and then clean up the market, the management being in possession of information showing greatly improved conditions at the mine. Geyser ruled higher on the reports that new and richer ore bodies were being opened up, the proposed enlargement of the mill and the expectation that dividends will be paid as soon as the milling capacity is increased. Mammoth suffered still further loss, without apparent cause. Ore shipments are being held back until the completion of the railroad, when the output of the milling, as well as the first-claore, will be greatly increased. There is. little change in Mercur and while there are few buyers, there are still fewer sellers. The mill is now producing about $2000 per day, and it is stated that everything is milled as it comes from the mine. Some of the richest ore yet produced is coming out ss the Resolute tunnel, the values running up to $30 per ton. Sunshine is lower, but there are not of enough offerings or buyers to make a market. There was considerable inquiry for Silver King, but holders refused to make concessions. There was but little interest in the unlisted stocks. Swansea went to pieces again yesterday, as the result of a selling movement on the part of some holders who had expected a dividend before the property was able to pay it. South Swansea has been strong and more than maintained previous quotations. Dalton is down, and in fact all of the cheaper stocks have been neglected. The unlisted stocks closed as follows: Assessments. GQ h O Company. Eureka Con. West Cable Lucky Bill . . . Utah State .. Golden Star . Constellation Octorora . Sevier Mining Incorporations. Montezuma Mining and Milling company (Murray). Capital $100,000. divided into 100,000 shares. J. H. Stratton, president; C. B. Atterbury, W. E. Ferrebee, treasurer, and L. A. Copeland, secretary. vice-preside- nt; |
