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title: 'Goodwin's weekly : a thinking paper for thinking people. (Salt Lake City, Utah) 1902-1929, May 17, 1902, Page 9, Image 9',
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GOODWIN'S WBBKLY. 9 9 II
I I I llll " I I rfl I " lll
badoa fki4;et hettei.
Salt Lake City, May 15, 1902.
Our markdt for the past week has not been as ac
tive as during the weeks and months preceding.
Many anticipate that it will be dull during the sum
mer months, but, inasmuch as our town will be
crowded, by reason of the annual convention of Elks,
it being estimated that there will be at least 30,000
visit the city at that time, many of whom will visit our
mining camps, and likely make investments, we
think that there will be quite a-demand for stocks.
While the showing at the Ajax is said to be good
and they are shipping a little ore, probably enough
to take care of their expense, the stock remains sta
tionary at from 42 to 46 cents. Anchor stock is worth
between $3.25 and $3.33 The latter amount will be
the price realized by the shareholders from the Daly
Judge company, on the purchase of the Anchor.
Carisa is making heavy shipments of ore, but the
stock does not seem to advance above 40 or decline
below 35 cents. Con. Mercur remains firms at from
$1.80 to $i.82X. They are paying their regular divi
dend of 3 cents a share per month, making it as good
interest paying mining investment as we have in
Utah. The ore bodies of the mine are increasing
with the development and the mill is working in a
very satisfactory manner.
The Daly-West made quite a decline, owing to
suits which were filed against the Quincy share
holders, involving the property owned by the Putman
Mining company, purchased a number of years ago
by the Quincy Mining Co., but is now quite firm at
from $43.00 to $44.50. They are paying their divi
dend of 40 cents a share regularly and we can see no
reason why Daly-West stock should decline. They
have an immense ore reserve, and if the price of
metals does not decline we may expect an increase
in the dividend within a few months.
Grand Central is selling at about $3.00. It issaid
that the condition of the property is excellent. If
the litigation was removed from this property and
the Mammoth the stock of each would be twice pres
The Lower Mammoth has declined some and is
selling at from $1.40 to $1 43. It is likely that Ithin
a few months our smelters will require more ore, on
account of their increased capacity, than the mines
have been supplying. Many of the Tintic mines
have large bodies of low grade ore which they have
not been shipping because of the high freight rates
and excessive smelter charges. It is expected that
both these charges will be reduced so that the mines
will be able to market their low grade ore. This will
be a great benefit to the Lower Mammoth company,
which, it is said, have a mountain of low grade ore.
We look upon the Silver Shield as being one of
H our low priced speculative stocks, on which there is
liable to be a good advance. The stock is selling at
H from 6 to 7X cents. The South Swansea, which
advanced as high as 78 cents, on account of a valu
H able strike at the property, has been declining re
B cently, selling as low as 52 cents yesterday. At this
price we would think it is almost low enough.
H The physical condition of the Uncle Sam property
has greatly improved within the last ten days. The
stock is selling at from 35K cents to 40 cents. They
H have encountered ore on their lower levels and the
H vein is showing up, so it is said, very nicely. The
H company is not shipping enough ore, however, to
take care of their expenses, and unless the company
have an income sufficient to pay their running ex-
penses or unless the physical condition of the prop-
erty will warrant the directors in increasing their
indebtedness, it will be necessary to assess the stock.
The mortgage on the California mine is about to
be foreclosed, and it looks as though lower prices for
the stock are inevitable. The only hope for the
I shareholders in this company is to reorganize the
company with the stock assessable, or voluntarily
N pay an assessment of a sufficient amount to liquid
y ate the indebtedness. The property of the company
is thought to be one of merit, and if properly worked
in an economical manner should be able to pay ex
penses. It is impossible, in the limited space that is allotted
to us, to write fully concerning our various mining
properties and stocks. We will be pleased to answer
any inquiries concerning any stock listed on our ex
change or located in the intermountain country. If
examinations are desired we will have them made by
.competent mining engineers with the least expense
Yours very truly,
Chas. E. HubsoN, Mgr.
Total Sales on the Salt Lake Stock Exchange for
the Past Week.
Friday, May 9, 85,625 shares for $29, 460.50.
Saturday, May 10, 64,226 shares for $19 715.00.
Monday, May 12, 87,550 shares for $46,474.50.
Tuesday, M , 80,650 shares for $19,076 60.
Wednes ,Jt ly 14, 92,330 shares for $27,62875.
Thursday, May 15, 76,376 shares for $27,290.40.
Total number of shares sold for week past, 486,757,
In the selection of Mr. Will C. Higgins, editor of
the Mining Review of this city, for secretary of the
International Mining Congress, for Utah, Secretary
Mahon has made a wise choice. Mr. Higgins will
prove to be an untiring worker, and an efficient and
In The Tunnel.
(A little story in verse the late Bret Harte told on the
Comstock years ago.)
Didn't know Flynn
Flynn, of Virginia
Long as he's been 'yar?
Look'ee here, stranger,
Whar hev you been?
Here in this tunnel
He was my pardner,
That same Tom Flynn
In wind and weather,
Day out and in.
Didn't know Flynn!
Well that is queer,
Why, it's a sin.
To think of Tom Flynn
Tom, with his cheer;
Tom, without fear
Stranger, look 'yar!
Thar in the drift,
Back to the wall,
He held the timbers
Ready to fall;
Then in the darkness
I heard him call:
"JRun for your life, Jake!
Hun for your wife's sake!
"Don't wait for me."
And that was all
Heard in the din,
Heard of Tom Flynn
Flynn, of Virginia.
That lets me out
Here in the damp iH
Out of the sun 11
That 'ar derned lamp flfl
Make's my eyes run. fljl
Well, there I'm done! IS
But, sir, when you'll flfl
Hear the next fool ml
Asking of Flynn Hfl
Flynn, of Virginia HI
Just you chip in, H
Say you know Flynn; HI
Say that you've been 'yar. Hi
LAWSON'S TICKER TALKS. I fl
His Calendar Philosophy. - III
Wall Street advice is easy to swallow; it is in- Hfl
tended to be. Hfl
In Garden days trading must have been a snap; , Hfl
if Eve saw the market soaring she knew Adam was j
behind it. Ifll
Aristotle must have been flirting with the tape H
when he said the world is made up of two kinds of jH
people liars and liars. H
When you seek to know perpetual motion all will HI
assist you; when you try to comprehend the language Hfl
of the ticker the whole world is bent on fooling you. flfl
It is related how once upon a time a stock of bad jH
repute got upon the list of the Boston Stock Ex- jH
change, and when it was discovered disbandment H
was seriously considered; a compromise was reached fl
by resoluting to go out of busines's if it happened H
again. This was years and years ago. jH
HUDSON SONS COMPANY, I
STOCK BROKERS. H
Suite, 5-6 Walker Bank Building, HI
SrtlU Salt Lake City, Utah?
Colorado Midland. I
fTHE POPULAR I
OF COLORADO. I
N. H, DONNELL, fl
THOMAS HOMER, Lessee and Manager, V
OfficolnDeseret National SMlJiSSSi QOXUtXR p , H
CAPITAL 7B;000:0O lH
TELEPHONE 142 "fflH