The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-11-04

narrow said James A. Pollock yesterday
afternoon to a Herald reporter. Present
holders of stocks seem to be well satisfied
with their investments and nothing will
induce them to unload being confident
of higher prices within a reasonable time.
Naturally this dissemination to let loose
produces just such market as we are
having-dull and featureless in every de-
', tail.
Il do not look for a resumption of activ-
ity until after the middle of the month,
or after the people have recovered from
the throes of the elections. The game
OF politics plays an important part in our
commercial as well as our national life,
and the business interests have much at
stake this year and stock speculation is
being neglected during the present excite
ment Normal conditions will soon be-
come apparent.
Investors Of money are regarding the
security market in g. very uncertain light
AMONG them if the present se sf first-eIass
stocks are not ranging too high, and if it
would not be better to await the general
movement that must come and carry
all before it, and then to buy second
class stocks, which are indeed very low
and also with an improved state of affairs
in all lines of trade and finance will be-
come first-class securities in every re-
spect. This is the view as recorded by the
general attitude of investors in light of
their lack of action in open dealing.
1.-THE prudent investor does not attempt
to speculate on the future and the real
cause of his non-dealing may be due to
the fact that it does not suit his purpose
averse to accepting a profit, and those
who have the courage and foresight to
take hold now will find their Investments
viii prove more than satisfactory within
the next six months.
Money in the bank brings no return,
although it is safe, but if many securi-
figures were taken in there is no doubt
but that the per cent. made on the legiti-
mate advance would amply repay pur-
chaSerS for all risks taken. Those who
study the market and the real value of
securities must realize that prices are rll-
ing wonderfully low. and personally I am
confident that carefully selected invest
ments will show. heavy advances in
reasonable period, and if the entire
market is persistently and consistently
followed up will result in phenomenal
profits with comparatively light risks to
ali who venture
when the movement towards the en-
largement of the number. of gilt-edged
stocks once begins, it will probably be-
come prevalent in investment circles to
buy, and the result viii be an unseeming
scramble for anything in sight that has
the cry Of the ticket seller at he circus,
Buy your ticket early and avoid the
crush
"The real time to get in is now. The
man who can discount the future will
take advantage of his knowledge and buy
at once. He is the man who will make
money out Oh the present SlCuaIlOn, be-
cause he has the courage of his convic-
ticns. I see but one way for the market
to go and that is onward and upward
Nothing can stop it. There may be some
porary nature The advancing column
is in full motion and nothing can re-
strain it. All who get in step will be in
the van to take advantage of opportuni,
ties that are always presented to him
who fears not the future nor to go to the
front.
1.-The situation seems to condense itself
into the question as to how long it will
be before the intelligence back of capital
have the courage equal to the opportunity.
Bank mining and miscellaneous stocks
were on par in quietude''
Mr. Pollock furnished the following as
the latest mining stock quotations.: