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GOODWIN'S WBBKLY. 9 1
Hjdsorv's Market Letter.
Salt Lake City, Aug. 14, 1902.
The convention of Elks which has brought
froi i fifteen to twenty thousand visitors into our
cit has been such an immense strain upon the
brol prs to assist in entertaining them and pro
viding for their comfort, that our market during
the past week has been somewhat neglected.
The visitors have been, we think, royally en
tertained, and will leave Salt Lake well pleased
with the treatment they have received. Arrange
ments have been made for the visitors to go to the
various mining camps. They will visit Park City
tomorrow. Trips have been arranged for Tintic,
Mercur, Stateline, Park valley, Gold mountain,
and no doubt many of the Elks and their friends
will take advantage of this opportunity to look at
the many mining interests of our State. We ex
pect great benefits to accrue to Salt Lake on ac
count of the Elks' convention. Our delightful cli
mate should make the State a health resort, and
the various opportunities for investment should
The shipments from Tintic and Park City dis
tricts are as follows:
i Park City Daly West, 3,206,000 pounds; Onta
rio, 758,000; Anchor Con., 329,000; Loring Con.,
135,000; Silver King, 1,982,000.
Tintic Alaska, one car; Ajax, two cars; Bullion-Beck,
seven cars; Carisa, one car; Eagle &
Blue Bell, one car; Gemini, 5 cars; Grand Central,
ten cars; Mammoth, nine cars: South Swansea,
three cars; Yankee, six cars.
Ajax and Carisa have remained at about the
same price as in our former letter, Ajax 34 to 35
cents; Carisa 20 to 23 cents. Con. Mercur advanced
to $2.12M., but is now selling at about $2.10. We
(recommend the purchase of Con. Mercur stock as
an interest-paying investment.
The Daly at Park City is not dealt in to any
great extent, but has been selling at from $1.75 to
$190. Daly West, after the books closed on the
last dividend, has been selling a little lower, but
is now quite firm at about $52.00.
Eagle & Blue Bell is making a good showing
i and is selling at from $1.10 to $1.15. Grand Cen-
tral is quite firm at from $4.85 to $5.00. Ingot
made quite an advance during the week, selling as
high as 11 cents, but is now about 9 cents.
I Lower Mammoth has been some weaker, sell
1 ing at 88 to 90 cents. Mammoth is very much
I stronger, selling today as high as $1.45, afterwards
I at $1.43. May Day is very strong at from 23 to 24
Ontario sold today at $9.00. As a safe, interest
paying investment, we recommend the purchase
of Ontario. Sacramento is selling at from 29 to
130 cents, and we think it will be higher, as the
mill is working nicely.
The output of the Sunshine mine is as good
as the management expect, the stock is selling
from 21 to 22 cents, and we think that event
ually it will be very much higher. The shipments
of cyanides this week were $5700 reported. They
are not working the full capacity of their mill at
present, and a large ore reserve is reported at the
We think that the purchase of Silver Shield at
between 6 and 7 cents would prove a good invest
ment. The Uncle Sam has strengthened to about
29 tents. It is the intention of the company to
erect a concentrator to take care of their low
The showing at the Ben Butler justifies the
pur base of the stock at 14 to 14 cents. Califor
nia has remained stationary at from 20 to 22
cent.-,. Century has been selling at from 91 to 92
cents and is quite firm at these figures. If the
repots concerning the Century are true, the
stock is not too high. There is a question, how
evei as to whether or not they will be able to
trea the ore found below the water level, which is
said to be of a different character. Until this is
dem nstrated, we would not recommend the pur
chase of Century' stock at present prices.
Tuere is something doing on Dalton. This stock
is s ling at from 3 to 3 cents. Martha "Wash
ing' n is looking considerably better and the
stoc' sold as high as 6 cents. Today it declined to
o1 ' 5. West Morning Glory is unchanged.
Yankee is selling at from 79 to 82 cents.
e are expecting quite an active market in all
Oar stocks this fall. Many of them have de
din l below their intrinsic value, and while as a
Nile we are not inclined to recommend the pur-chas-
of any other than dividend-paying stocks,
e f.-el that the time is at hand when something
s going to be made in the purchase of some of our
lovf "-price(i stocks, and for that reason we recom
toen'l the purchase of Ajax, Carisa, Galena, Eagle
& Blue Bell, May Day, Sunshine, Silver Shield,
Uncle Sam, Ben Butler, Manhattan and Martha
We are confident that an investment of a few
hundred or a thousand dollars in these stocks at
present prices will prove a profitable investment.
We would scatter our investment, and buy a little
of each of those mentioned above.
An accident occurred at the Daly-Judge mine,
two men lost their lives and the stock declined in
consequence, selling as low as $10.00. At present
it is worth about $11.00 to $11.25.
Wabash declined, owing to selling by parties
connected with the management. Some seem to
think that this has been for the purpose of bear
ing the stock. Parties who visited the property
recently said they were not able to get into the
mine, but the dumps indicated the presence of ore.
The stock is selling at from about $1.30 to $1.40.
A strike is reported in the Comstock; the stock
advanced as high as $1.12. There is an impression
among those well acquainted with this property
that it is going to make a valuable mine, and will
be among the producers in the Park City district
during the coming year.
There has been some considerable demand for
Majestic stock; $3.00 was bid during the week.
There is but very little of this stock on the mar
ket. It is the intention of the company to erect
a smelter, and it is looked upon as a very favor
able proposition. The ore bodies on the 400-foot
level have opened up wonderfully and the survey
for the smelter site is now in progress. Several
of the prominent New York shareholders are vis
iting the property.
We should be pleased to hear from any who are
interested in Utah mines, and will take pleasure in
giving any information in our power. Yours very
truly. HUDSON SONS CO.,
Charles E. Hudson, Mgr.
Sales for the Week.
Aug. 9 to Aug. 14 inclusive.
NO. OF SlIAKKS. VAIiUK.
Ajax 1,500 S 517.25
Bullion Beck 100 29000
Carisa 20,000 4,995.25
Con. Mercur 4,700 9,896.25
Daly West 75 3,912.50
Eagle and Blue Bell 400 445.00
Grand Central 900 4.344 50
Inffot 34,500 3.359-37
Lower Mammoth 1,600 i495-50
Mammoth 300 377.25
May Day 7,200 I.7Q5-37
Ontario 65 585.00
S icramento 6,300 1,871.50
Silver Shield 2,200 140.75
South Swansea 4,600 1,522.25
Sunshine 3,000 627.50
Swansea 100 105.00
Uncle Sam 4,500 1,280.76
Utah 100 53.00
Ben Butler 16,075 2,208.86
California 15,900 3.316.87
Century 8,900 7852.25
LaReine 2,000 145.00
Joe Bowers 1,000 32.50
Martha Washington 32,000 1,830.00
Manhattan 1,000 10.00
Yankee 1,300 1,066.00
Total of board sales 170,35 $53iQ85-48
Open board sales 35.58 $23,338.15
Total sales for week 205,373 $ 77323-63
FINANCIAL J 'tijil
J. A. CUNNINGTON.Prest. DR. F. S. BASCOM, Vfco-Prcst. vVf-!fl
E W.WILSON, Cashier. ' 1'
Bank of Commerce I
ATLAS BLOCK. , jl
TRANSACTS GENERAL BANKING BUSINESS. ;1
Interest Paid on Tlmo and Savings Deposits. ' , H
DIRECTORS J. A Cunningham, Dr. F. S. Iiascom, W. HH
W. Chlsholm, J. D. Kendall, Boyd Park, E. E. Rich, E B. :
WALKER BROS. if
BANKERS i ,
I 1 , '''
SALT LAKE CITY, UTAH. Established 1859. , Jjfl
A General Banking Business Transacted. Safely Deposit Boies (or Rent. '' H
Joseph F. Smith, Prcs. R. S. Cami'iiki,!,, Sec. & Gen. Mgr. ' j 'i j f!
R. F. IIaywaki), Electrical Engtneor. " ' IH
UTAH LIGHT AND POWER GO. ' 1
SALT LAKE CITY, UTAH. '',',
INSTALLATION: i .' ,H
Electrical, Salt Lake City Water 2100 H. P. t '
" Salt Lake City Steam 1500 H. P , . ;
" Ogdon Water 5000 H. P. I' )r4H
Leased Plants Water 3000 H. P. M fV'B
Gas, Salt Lake City 400M Cu. Ft Dally f ('" !
" Ogden COM Cu. Ft. Dally , . , 'H
HUDSON SONS COMPANY, I
STOCK BROKERS.. il
Suito, 5-6 Walker Bank Building, j'( ?r'H
?SrS?onSnNeoSo5ltcd- Sal Lake City, Utah ,' V
Colorado Midland. I
fTHE POPULAR 'I
OF COLORADO. 1
W. H. DONNELL, ' jH
General Agent. ' , 'H
THOMAS HMER,- Lessee and1 Manager, I tM
CAPITAL TC:000;0O &JH
7CLCPHONC 142. , 3JHj