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Show Hvidsorv's Market Letter. Salt Lake City, Sept. 11, 1902. The market during the past week has been stronger and more active and it looks as though the advance we have been expecting is at hand. Thf following is a list of the shipments from park City for the last week: Daly West, 2,390,000 pounds; Ontario, 764,000 pounds; Anchor Con., 48,00 pounds; California, 26,000 pounds; Silver King. 1,535,520 pounds. Good reports from the Bullion Beck has advanced ad-vanced the stock to $3.25. The Con. Mercur has mad? its annual report, showing the surplus to be a little over $150,000 up to the 1st of July. This report also shows that the expense of mining and milling during the last three months of this year, ending July 1st, was reduced about fifty cents per ton. We expect to see this expense further fur-ther reduced the present year on account of a cheaper mode of handling the ore from the mine to the mill. The stock has been selling at from $2.03 to $2.06 and we predict that it .will be much higher within the next six months. Daly has been selling at about $2.00. Daly West advanced before the dividend to $52.25, but since it is selling ex-dividend has declined to $51.37 1-2. Daly Judge has been advancing gradually, selling on our market yesterday and today at $12.02 1-2. It is expected that this company will join the dividend-payers about the first of the year. Carisa sold as low as 18 1-2 cents, but has advanced ad-vanced to 20 1-2. It is the intention of the company com-pany to work their property through the Sioux Tunnel, which should greatly reduce their expense. ex-pense. x Dexter has sold at from 25 to 28 cents. The impression prevails that this company is now making a little money and the stock will be higher The Eagle & Blue Bell has declined since the option for the purchase of the property has not been taken up. Grand Central is quite firm at from $5.60 to $5.80. We predict that this company com-pany will resume dividends within ninety days and the stock will be very much higher. Ingot is selling at from 9 to 9 1-2 cents. Lower Mammoth has made a great advance, selling today to-day as high as $1.51, and seemed to be quite firm on the close at about $1.45. The company is making mak-ing a good record in shipping and the condition of the mine never was as good as it is at.present. Mammoth is quite firm at from $1.42 1-2 to $1.45. S May Day Is strong at 22 3-4 to 23 cents. $8.50 is bid for Ontario, $9.00 asked. The books being closed on the quarterly dividend of 30 cents, the stock is now selling ex-dividend. Sacramento is firm at from 27 1-2 to 28 cents. Work is being pushed on the Silver Shield through the Niagara Tunnel and it is expected that they will have drifted under their vein within with-in ninety days. Star Con. is inactive, but quite firm at from 17 to 18 cents. South Swansea is weak, selling at from 25 to 30 cents. The mine has been shut down and it is rumored that a deal is pending on the property. The Uncle Sam have concluded to send their ore to the Tesora mill rather than build a mill on their property at present. The expense of doing this, we are informed, will be about $1.00 a ton. A strike has been made at the property and high-grade high-grade ore has been encountered. If the vein continues con-tinues to widen as It has during the past few days it w ill add very greatly to the value of the property. prop-erty. The stock has advanced to 37 cents, and is quite strong at these figures. Etah is firm at from 54 to 55 cents. Valeo has been traded In at from 17 to 18 1-2 cents. Ben Butler is looking better than ever. The shipments from this property last month were about $9000 and their expense could not have been mort than $3500, they have thus added to their teas iry at least $5500 last month. We understand that they now have cash on hand amounting to ?85um. When their difficulty with the Liberal coinrany is settled they will be able to commence "ie rayment of dividends. California advanced as high as 37 1-2 cents, but seme weaker now, selling at about 37 cents. The mill is treating about forty tons a day. Century Cen-tury is quite strong at from $1.13 to $1.15. It is Nkel that this company will soon be out of debt, next month, if they have the same returns from Uieir mill that they are getting at present. It is nard likely, however, that they will commence toe Payment of dividends before the first of the year. Martha Washington is selling at from 6 1-2 to 7 cent? The company will market two cars of ore this week, which will be of much better grade than their previous shipments. They are sacking some of the high-grade ore at the mine. Comstock has been weak, selling as low as $1.15 today. Parties who are in a position to know seem to think that this is going to make a good paying proposition. Victor has been selling at from 23 1-2 to 24 cents and is quite firm at these figures. Yankee is selling at from 52 to 55 cents. The property is looking exceedingly well and the shipments have been coming with their usual regularity. Tho Majestic stock has been selling at from $2.80 to $3.00. There seems to be quite a number of orders coming from the East for this stock. ' Wabash has fluctuated from $2.17 to $2.70, closing this afternoon at about $2.35. Good reports are coming from the property, but we do not think that pay-ore has been encountered as yet in their drift The New York, which was incorporated recently, re-cently, has been selling at about 50 cents. Work has been commenced at the property, and those familiar with the location are confident that it will make a paying mine. A new company called the Keystone has been organized. This company owns fourteen patented claims in the heart of the Park City district. Among the incorporators are W. S. McCornick, J. E. Bamberger of the Daly West Mining company, com-pany, Henry Newell of the Quincy Mining company, John Dern of the Con. Mercur company, H. G. McMillan, and several other very prominent and well posted mining men of this city. Subscription Subscrip-tion books for the purchase of the treasury stock were opened and it was the intention of the company com-pany to dispose of 50,000 shares, but upon selling 30,000 the stock was withdrawn from the market and no more subscriptions would be received. It is said that the incorporators are so sanguine of the success of the property that they prefer to 'advance the money necessary for the development develop-ment rather than sell any more of the treasury stock. The price of the treasury stock sold is 50 cents a share, and the subscription 'was made for the 30,000 shares by men well acquainted with the Park City district. The Tonopah district is attracting considerable attention, and good shipments are coming to Salt Lake from that place. The old Tonopah stock is selling at about $10, Salt Lake & Tonopah at about $1.60. The Montana & Tonopah are sinking a shaft on their property within a few hundred feet of one of the principal veins of the Old Tonopah, and those familiar with the camp seem to think that this company will catch one of the valuable veins and be a paying proposition within with-in a very short time. We are in a position to secure se-cure the stock on most favorable terms of any of the companies, whether listed on our Exchange Ex-change or not, and will take pleasure in answering answer-ing any inquiries with reference to these properties, proper-ties, sending maps and quotations if requested. Yours very truly, HUDSON SONS COMPANY. |