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GOODWIN'S YBBKLY. 9 SB
badon &peh hehhei.
Salt Lake City, Utah, May 28, 1902.
The market during the past week has
been quite dull and the sales have fallen off
considerable. During the week the failure
of R. L. Colburn, one of the active brokers
on our exchange, was announced, and' on
Tuesday his trades were closed out upon
the board. This has to some extent made
the market unsettled, but it is now recover
ing, and the summer's dullness seems to
have set in.
Ajax today made quite an advance, sell
ing at from 37 to 38 cents. The property is
not shipping, and it is said that they are
working only a small force of men.
Carisa is selling at from 31 to 31 cents.
Consolidated Mercur has declared its reg
ular dividend of 3 cents a share, and the
stock advanced as high as $1.95. There is
$1.90 bid today, ex-dividend. The output of
the mine for the month is very gratifying,
and we look for the stock to be higher.
Daly sold in small lots at $1.90 and is
offered at $2 with $1.90 bid. Daly West
has sold at from $44 to $44.75. It is quite
likely that they will increase their dividend
to 50 cents a share in the month of July and
we would expect the stock to advance some
in consequence.
Dexter sold this week at 27-J and 30
cents. Eagle & Blue Bell is firm at from
85 to 95 cents. Grand Central seems to be
in demand at from $2.80 to $3. Ingot has
sold at from 5 to 5 5-8 cents. Lower Mam
moth is selling at from $1.30 to $1.35. Mam
moth is inactive at from $1.18 to $1.23.
May Day has been active at from 24
to 20 Cents. We recommend the purchase
of May Day at these figures. Northern
Light is strong, selling as high as 5$. To
day, however, it is 5 bid, offered at 5 V cents.
They must have a little bit of ore at the
mine to make the stock advance, but until
they can demonstrate that they can pay
their expenses by making shipments, we
would not recommend the purchase of the
stock.
Ontario is strong, $7.80 bid, $8 asked.
We think the stock is too low at this price
and consider it a good investment, as they
are paying dividends at the rate of 30 cents
a share quarterly.
Sacramento is much higher, selling at
high as 24 cents. It is claimed that they
have quite a showing of quicksilver ore,
which, if true, should make the property
quite valuable. We can see no reason why
Sacramento isn't cheap at present prices
anyway, and think an investment in this
stock would prove profitable,
successfully treating their ore. It will be
It is claimed that the Sunshine mill is
some time, however, before the indebtedness
has been paid and dividends are distributed
to the shareholders. We think it would be
well to buy a few hundred shares of Silver
Shield stock at 7 cents and hold it. It will
he a good idea to keep your eye on the Silver
m Shield quotations, we expect them to be
higher.
I Star Consolidated is quite firm at 23
to 24 cents. Swansea is firm at $1.20 to
M $1.50." We believe that the stock is a buy
at this price. Uncle Sam is lower, selling at
I from 32 to 34 cents. Until they can dem
j onstrate, by shipping, their ability to re
M duce their indebtedness, and earn sufficient
I to pay their running expenses, we do not
think that this stock will advance very ma-
tetrially, as it is quite likely that they will
assess' rather than run behind.
Ben Butler is firm at from 9 to 10 cents.
Boss Tweed is some lower. They are mak
ing an upraise in the Boss Tweed to deter
mine whether they have the apex of the
vein of ore which has been opened up by
the Victor. If the work demonstrates that
the apex is on the Boss Tweed ground, this
company will get the ore; if, on the other
hand, it is on the Victor ground, the Victor
will be given the ore.
California remains firm at from 11 to
12 cents. We can see no reason for this
unless there should be strong buyers on
the market. It would require at least a
20-cent assessment to pay off the indebted
ness of the California property, so that the
present price of the stock, 12 cents, would
mean at least $100,000 for the property.
With the litigation pending, we are inclined
to think that the stock is selling too high,
and we expect to see lower figures.
Century is lower, selling today at 53
to 54 cents. La Reine is quite firm at from
12 to 12 cents. The Joe Bowers is selling
at from 4 to 5 cents. We think that the
pruchase of a few thousand shares of this
stock would prove profitable.
Martha Washington is selling at from
4 to 4 cents. With the showing that they
have at the property, we believe that the
purchase of a frw thousand shares of this
stock would prove a good investment. Vic
tor is selling at from 23 to 25 cents. There
is a 3-cent assessment pending on this
stock.
Yankee declined as low as $1.07, but
yesterday, with apparently a large order on
the market and heavy buying, advanced to
$1.50, and today sold at $1.50, but in the
afternoon declined and sold at $1.43. In
our letter last week we said that it would
be possible for the insiders to push the
price of this stock up with very little effort,
as the stock is so closely held, but at the
same time we do not think that the ship
ments from the property, or its physical
condition, warrant the purchase of the
stock at these figures, as compared with the
price of other properties adjoining.
The Daly-Judge stock has been very
firm, selling at from $0.75 to $7. Among the
people acquainted with the Park City dis
trict, all seem inclined to think that the
Daly-Judge is going to be a good dividend
paying property. It is currently predicted
on the street that the stock will reach $10
a share before next Christmas.
Among the other stocks in Park City
, which are mentioned with favor, but not
listed on the exchange, is the Wabash. This
1 stock is selling at from $1.50 to $2 and
many seem to think that it will double in
price within the next six or eight months.
Majestic is quite firm, selling at $3.
There is talk that a smelter will be built
by this company to take care of their large U
output. HI
We are in close touch with parties H
having these stocks, and can secure them jHI
at the lowest market prices.
While we expect our market to be dull B1
during the summer months and for a few M
weeks, would it not be well to take advant- jjol
age of this dullness and low prices by buy- IB
ing stocks while they are down? We can H
not but think 1hat the bottom is reached, HJ
or at least that stock cannot go very much HJ
lower, and, for this reason, it would appear B
toius that now was the time to buy. B
We will take pleasure at any time in wBt
ving references as to our reliability and IK
integrity, and assure you that any orders IB
entrusted to us will receive prompt and IB
careful attention. Yours very truly, jS
CHARLES E. HUDSON. IB
HUDSON SONS COMPANY, 1
STOCK BROKERS. 9
Suite, 5-6 Walker Bank Building, M
?S!&deoSo5?lte(1- Salt Lake City, Utah 9
Two and Two Makes Foir I
IS AN OLD ESTABLISHED FACT. H
But $2 and $1.50 makes $4 I
worth of the Best I
Shoe Value.
THE "WELL WORTH" M
All Styles-Sizes-Widths. M
Hirschmans, Shoe People. I
Colorado Midland. I
fTHE POPULAR I
SUMMER I
RESORT I
OF COLORADO. I
W. H. D0NNELL, I
r " m
THOMASiHOMERLesseeiandXManager, H
Offlceln Deseret Kalional BanffltgPgyg tiHY,UEMT. H
capital $rs:ooo;oo H
TELEPHONE 142. H
tffiH
