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title: 'Goodwin's weekly : a thinking paper for thinking people. (Salt Lake City, Utah) 1902-1929, August 16, 1902, Page 9, Image 18',
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I GOODWIN'S WBRKLY. 9 j , I
I Hudson's Maurket Letter.
I Salt Lake City, Aug. 14, 1902.
II rho convention of Elks which has brought
If frum fifteen to twenty thousand visitors into our
I cit v has been such an immense strain upon the
I brokers to assist in entertaining them and pro
I viding for their comfort, that our market during
I tin past week has been somewhat neglected.
I The visitors have been, we think, royally en-
H teitained, and will leave Salt Lake well pleased
II with the treatment they have received. Arrange
H nifiits have been made for the visitors to go to the
I various mining camps. They will visit Park City
I tomorrow. Trips have been arranged for Tintic,
I Mercur, Stateline, Park valley, Gold mountain,
I and no doubt many of the Elks and their friends
I will take advantage of this opportunity to look at
I the many mining interests of our State. We ex
I pect great benefits to accrue to Salt Lake on ac
I count of the Elks' convention. Our delightful cli
I mate should make the State a health resort, and
I the various opportunities for investment should
I attract capital.
I The shipments from Tintic and Park City dis
tricts are as follows:
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 $2.12i, 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
$1.90. 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
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.
Lower Mammoth has been some weaker, sell
ing at 88 to 90 cents. Mammoth is very much
stronger, selling today as high as $1.45, afterwards
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
30 cents, and wo 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
I 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 G and 7 cents would prove a good invest
ment. The. Uncle Sam has strengthened to about
29 cento. 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
purchase of the stock at 14 to 14yt cents. Califor
nia has remained stationary at from 20 to 22
cents. Century has been selling at from 91 to 92
cents and is quite firm at these figures. If the
reports concerning the Century are true, the
stock is not too high. There is a question, how
ever, as to whether or not they will be able to
treat the ore found below the water level, which is
said to be of a different character. Until this is
demonstrated, we would not recommend the pur
chase of Century stock at present prices.
There is something doing on Dalton. This stock
is selling at from 34 to 3 cents. Martha Wash
ington is looking considerably better and the
stock sold as high as 6 cents. Today it declined to
about 5&. West Morning Glory is unchanged.
Yankee is selling at from 79 to 82 cents.
We are expecting quite an active market in all
of our stocks this fall. Many of them have de
clined below their intrinsic value, and while as a
rule, we are not inclined to recommend the pur
chase of any other than dividend-paying stocks,
I wo feel that the time is at hand when something
js going to be made in the purchase of some of our
lower-priced stocks, and for that reason we recom-
mend 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 Shakes. Value.
A-jax 1,500 $ 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 4344 50
Ingot 34,500 3359-37
Lower Mammoth i,6oo 1,495.50
Mammoth 300 377-25
May Day 7,200 I1705.37
Ontario 65 585.00
Sicramento 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 7,852.25
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 $53985-48
Open board sales 35.S8 $23,338.15
Total sales for week 205,373 $ 77.323-63
ZZIZZZIZZZZZZZZZZZ! ! f I
FINANCIAL I ! ) 1
J. A. CUNNINGTON, Prost. DR. F. S. DASCOM. Vlco-Prcst. ' ,' kH
E W.WILSON, Cashier. '" ' f
Bank of Commerce I
ATLAS BLOCK. , !'
TRANSACTS GENERAL BANKING BUSINESS. I , '1
Intorost Paid on Tlmo and Savings Deposits. ' fjH
DIRECTORS J. A Cunningham, Dr. P. S. Bnsconi, W. , wW
W. OhlBliolm, J. D. Kendall, Boyd Park, E. E. Rich, E B. ' 1 ' "
Crltchlow. ' ijH
WALKER BROS. I
1 1 , :
BANKERS , i''B
' ti f '""IiiB
SALT LAKE CITY, UTAH. Established 1859. j-fJH
A General Banking Business Transacted. Safety Deposit Boxes for Rent. 1 J I 'VH
, f JIM
Joseph F. Smith, Prcs. R. S. Cami'iiei,, Sec. & Gen. Mgr. '', ?.H
R. P. Haywaiu), Electrical Engineer. I ' , lH
UTAH LIGHT AND POWER GO. I
SALT LAKE CITY, UTAH. I ''l'M
INSTALLATION: . I H
Electrical, Salt Lake City Water 2400 H. P. ' !P,fl
" Salt Lake City Steam 1500 H. P h H
" Ogden Water 5000 H. P. . i,9
Leased Plants WatorSOOO H. P. i I "Ht$M
Gas, Salt Lako City 400M Cu. Ft Dally J fl
' Ogden G0M Cu. Ft. Dally 1 1 'H
HUDSON SONS COMPANY, II
STOCK BROKERS?. ' M
Suite, 5-6 Walker Bank Building, ,, ': 'H
TSSSf'' Sa,t Lake City, Utah - I
Colorado Midland. 1
m THE POPULAR ! jl
3L SUMMER 1
;wf RESORT . I
jrW 0F C0L0RAD0- I'll
Wmm w" Ht D0NNELL' ! J 9
WWiZ General Agent. KH
' , i m
i. , 'X JH
THOMAS HOMER; Lessee ,and Manager, i'fli
OfflcelnDeseret National SW SMhME SlTir,UirAH. Hl
CAPITAL 7S;000;OOJ IlfHH
TELEPHONE 142. llffiffiH