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Show Hidsorv's Market Letter. Salt Lake City, Utah, Juno 26, 1902. The Salt Lake market has been quite active the past week in comparison with the week previous. pre-vious. The dividend-payers especially have been active at advanced prices, while the small producers pro-ducers and prospects have been inactive with a small decline. The Tintc ore shipments for last week were light, curtailed on account of the exactions of the American Smelting and Refining company, and sufficient reduction has not been made on ?15 ore to enable the producers to ship at a profit. The Ajax shipped two cars of ore, Lower Mammoth Mam-moth three, Mammoth eleven, South Swansea two, Star Con. two, Yankee Con. six. The Mammoth mill and May Day jigs each shipped two carloads of concentrates. Park City shipments were as follows: Daly West, 3,731,000 pounds; Ontario, 1,242,000; Anchor Con., 458,000; Silver King, 1,307,700. The only stocks listed on our board in Bingham, Bing-ham, that shipped, were the Petro six cars and the Ben Butler 100 tons to the Dewey mill, and a two-car two-car lot of high-grade ore to the smelters. Ajax, although a favorite in the trading, has been very weak, and declined from 341-2 to 33 cents. Carisa was fairly strong and active at from 27 3-4 to 25 1-2 cents; closed with 2G cents bid. Con. Mercur has shown more activity and strength than any other stock on the board, sales ranging in price from $1,961-2 to $2 per share. The directors have declared the regular monthly divided of $30,000, payable on July 9th. The fire In the town of Mercur was quite disastrous, but in no way affected the immense fire-proof mill of the property named. D Daly West made a sudden advance from last weeks quotations of $44 to $48.25 on the informa- tion that the dividend would be increased in July, but the directors will not confirm the statement. The Lower Mammoth, as mentioned above, shipped three carloads of ore, and are preparing to ship a lot of ore from the chamber below the one-thousand-foot level, the values of which are expected to exceed any previous shipments from this property, estimated to average more than 400 ounces in silver per ton. "The stock has been inactive, in-active, recording a few sales at from $1.22 to $1.20. The Grand Central, one of the big Tintic mines, has finally made arrangements with the Oregon Short Line Railroad company to have its Tintic branch extended to the dump so as to facilitate the loading of the cars and the handling of the immense amount of low-grade ores on the Mpmp. The closing quotations were $2.90 bid and 63.25 asked. Manager Mclntyre of the Mammoth, upon his "eturn from the mine, reports no change. The stock closed with $1.18 bid, $1.21 1-2 asked. There are no new reports from the May Day, Bind the stock is changing hands at from 19 to 20 Bents per share. President Bothwell of the Sacramento returned from the camp on the 24th. He stated that he de-Nted de-Nted most of his attention while there to the re-Bent re-Bent quicksilver discoveries. Samples brought in by rim. showed a valuation of $408 per ton in quicksilver quick-silver and gold. The management has decided to Bxperiment a little in the treatment of this ore Before Sotos to the expense of purchasing and con-Bucting con-Bucting a retort, and are making use of the old ptort used at the Marion mine years ago in the Breatment of like ore. The stock has been firm at Brm 24 to 25 1-2 cents, closing with a bid of 25 1-2 Bents and offered at 27 1-2 cents. B A special meeting of the stockholders of the flrcle Sam Mining company is to be held on the B4th of July, for the election of officers and the transaction of Buch other business as may be presented, pre-sented, at which time a report of the earnings and disbursements will be given by the secretary. The management of this property is figuring on a concentrator con-centrator to handle the low-grade ores, but nothing noth-ing definite has been decided upon. This stock is inactive at from 30 to 33 cents, closing the week with a bid of 30 cents, no stock being offered. The Ben Butler reports a new strike this week, and has levied an assessment of 1 cent per share to make the final payment on some ground that was recently purchased. The closing quotations were 9 1-2 cents bid and 10 cents asked. The California has been quite active at a small advance, selling from 12 to 13 cents. Director Snyder of this property reports between 200,000 and 250,000 shares of this stock on deposit for the reorganization of the company. The new company will be assessable and in this way the company can pay its indebtedness and resume operations. Century has been selling at from 29 to 31 cents, closing with 30 3-4 cents bid, offered at 31 cents. There are rumors that the Tetro and West Morning Glory of Tintic are to be closed down, but nothing definite can be learned. It is impossible, in the limited space allotted to us, to write fully concerning our various mining properties and stocks. We will be pleased to answer an-swer any inquiries concerning any stock listed on our exchange, or located in the intermountain country. If examinations are desired, we will have them made by competent mining engineers with the least expense possible. Yours very truly, CHAS. B. HUDSON, Mgr. |