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Show Hidsorv's Market Letter. Salt Lake City, August 28, 1902. The market during the past week has been very active and the tendency on nearly all of the stocks has been to advance. Outside orders are coming in for considerable stock, and there is a better 1 feeling with reference to our market. We predicted pre-dicted this a month or more ago and suggested the purchase of the low priced shares at that time. The following are the shipments for the week: Park City Daily West, 3,995,000 pounds; Ontario, 89U.OOO pounds; Anchor Consolidated (Daly-Judge), 221,000 pounds: California, 34,000 pounds; Silver King, 2,028,680 pounds. Tintic Dragon Iron mine, 11 cars; Gemini, 5 cars; Mammoth, 3 cars; Martha Washington, 1 car; Yankee Consolidated, 6 cars; Bullion-Beck, 10 cars; Eagle & Blue Bell, 8 cars; Grand Central, 5 cars; May Day, 1 car; Uncle Sam, 2 cars; Carisa, 6 cars; Lower Mammoth, 3 cars; So. Faulkner, 8 cars; Victor, Vic-tor, 2 cars. Ajax, which advanced to 41 cents, has declined to about 37 cents. Carisa remains firm at about 24 cents. Con. Mercur has been stronger and higher since it has been selling ex-dividend. A great many people in this city have been smiling over an article which appeared in the Boston Financial News to the effect tht Con. Mercur could not be a safe investment stock, because at the rate of dividend divi-dend they are paying, 3 cents a share per month, it was nearly 18 per cent per annum. When the ore bodies of .the mine can be measured up and the expense of mining and milling is known, we can see no reason why the stock should not be considered consid-ered an investment stock because the rate of interest in-terest a person would get happens to be higher than the interest rate of the East We contend that Con. Mercur is too low, and predict that it will gradually advance until the stock sells so that it will pay interest at the rate of 12 to 13 per cent on the investment. We do not think that a mining mi-ning investment should pay less than this interest. Bullion-Beck is preparing to make heavier shipments, ship-ments, and we would not be surprised to see this stock once more among the active stocks and dividend-payers. Daly, at Park City, is reported as looking much better, and the shares advanced as high as $2.20, but are now selling at from $2.10 2.15. Compared with many of the Park City properties, prop-erties, the Daly is entirely too low. Daly West, on account of the heavy selling in the Eastern market, declined to $51, bijt today Is much stronger, selling at $51.75. It is said that settlements have been made on most favorable terms for nearly all of the claims arising from the explosion, and that but a small amount of the surplus sur-plus of the company will be used to pay off these claims. At the present dividend rate of the Daly West the stock is selling too low, and we expect it to advance. We do not think that the purchase of a few hundred or thousand shares of Dexter stock at 20 to 25 cents would prove a bad investment. The Eagle & Blue Bell, on account of a deal which is pending, advanced today as high as $1.20. Experts have been examining the property for some time, and their reports will be most favorable. The price agreed upon, in case the sale is made, is said to be $2.50 a share. The favorable location of the Eagle & Blue Bell property, the good record they have made while developing their mine, certainly recommends it as a purchase at these figures. There is nothing new to report from the Galena mine at Fish Springs; the stock Is stationary at from 12 to 13 cents bid, from 18 to 29 cents asked. We would suggest the purchase of a few hundred shares of this stock, and think that before the first ' of the year it would result in a good profit. Grand Central has been advancing for some time, selling today as high as $5.65. It is expected that the new tramway which they are putting in at the property will be completed in about six weeks. They are making nice shipments, and if it 8hould join the dividend payers the stock would advance above $6 a share. B The Ingot has been selling as high as 11 cents H and as low as 8 cents; today, however, it is about 9i cents bid. If a person will buy Ingot stock at these figures and hold it for a year, or until the Mercur company buys the property, there is no doubt but what a good profit will be made by the Purchaser. Lower Mammoth quotations have been from 80 i H Jo 85 cents. Mammoth is quite firm at from $1.36 J ?1.38. When the litigation which Is pending be-j be-j ween this company and the Grand Central is set-I set-I H rn' no difference what the result, Mammoth stock I H will be very much higher. I I Ontario Is firm at about $9.00. As a dividend I m a i e 8toclc we recommend the purchase of On- H Wlo, This company has a very large surplus, is paying dividends at the rate of 30 cents quarterly, and the condition of the mine warrants the purchase pur-chase of the stock at these figures. Sacramento is quite firm at from 28 1-2 to 29 1-2 cents. We are certain that this will be a profitable Investment and unhesitatingly recommend the purchase pur-chase of the stock. Sunshine is selling at from 20 to 22 cents. The mill is running very satisfactory and it looks now as though it was going to be a paying proposition. proposi-tion. Sliver Shield is selling at from 61-2 to 7 cents. Work is going on at the property, and the stock at these figures, as a speculative stock, is entirely too low. Star Consolidated Is quit firm at from 16 1-4 to 19 cents. It is surprising that a property with the producing record of the Star Consolidated should be selling at these figures. Swansea is firm at from $1.10 to $1.15. This is far below the price at which this stock usually sells. The shares of the South Swansea have been inactive. They are only shipping a small amount of ore, just enough to take care of their expenses. There is about 26 1-2 cents bid, 29 asked for this stock. The Utah and Fish Springs is firm with 54 'bid, 55 1-2 cents asked. The assessment of three cents a share on Uncle Sam is delinquent and the stock is now selling assessment paid. It is quite firm at 30 cents a share. They are taking out enough ore to pay their expenses, and it is thought that the present assessment will give them sufficient funds to build their concentrator. The development develop-ment of the property goes on and a great amount of milling ore is being accumulated. Valeo Is firm at from 121-2 to 17 cents. We would not be surprised any day to see this stock selling very much above present prices. Ben Butler But-ler is firm at about 14 1-2 cents. They are making a good record in their shipments and are accumulating accum-ulating some little cash. FavorabHa reports continue to come from the Century mine at Park Valley. The stock Is selling sell-ing at from 76 to 97. Nearly every week they send In nice shipments. It is said that the mill is running very nicely and predictions are made that the stock will advance during the next sixty days. Martha Washington advanced as high as 8 1-2 cents and is now selling at from 7 1-2 to 7 3-4. The company will probably ship three cars this week. They are taking out eight or ten tons a day of good shipping ore. We cannot understand why this stock should sell at such low figures, as the company com-pany are able to add $1500 net each month to their treasury from shipments of ore. There is only 300,000 shares, which would make the property worth at its present selling price about $22,500. We predict quite an advance in this stock within the next sixty days. Yankee iB quite firm at from 80 to 85 cents. Majestic stock is very firm at from $3.00 to $3.25. Daly-Judge, on account of the improved condition of the property, is selling as high as $11.45 today. Wabash, at Park City, a week ago advanced to $3.50 on account of a strike at the property, but is now selling at about $2.50 and seems very active. The Comstock has been selling at from $1.20 to $1.25, today at $1.24. They have uncovered quite an amount of milling ore at the mine and drifted on their vein over seventy-five feet, all in milling ore. The management seem to think that without doubt they will have a good paying mine; the samples of ore which have been brought to the city are certainly ve$y good. There are several prospective properties In Park City which we think it would be a. good idea to buy: The Creole, The D. & M., Park City & Midnight Mid-night Sun, these are prospective stocks selling at very low figures, but It Is quite likely that they will find ore and that the purchase of the stock would prove a good Investment. We will be pleased to answer any Inquiries, and will furnish maps and quotations upon application. Yours very truly, HUDSON SONS COMPANY. |