The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-10-07

investors have finally arrived at the
lrealization of a fact that has been
lpatent to the initiated for long period
and that is, that values of properties
are far too low in view of the fact
that a good percentage of profit can be
made on production
II do not contend that the advance
shown all along the line will be main
tanned for any given time but simply
state that it is here in full force at
present. OF course you understand that
/ do not desire to pose as specula-
tive Moses or to make any egotistical
boast of such experience and know
ledge as l may possess. Speculation is
| a business by itself and those who
make a speciality of the business feel
that they are in position to give ma
terial aid to investors who have not
the time to follow the iiltricacies of the
jmarket. Reviewing the market as it
stands today, 1 say, that if there ever
was lead pipe, air tight, brass lined,
copper rivited cinch, as the sporting
fraternity would express it, It is in
silver stocks at present prices. Now
| this is my forecast for the future, al
though conditions may arise at any
moment to riddle my finely spun
theories as to why the market must
advance.
1T endeavor as far as possible to give
accurate information and sound advice
on the market and all inquiries are
answered cheerfully and to the best of
my ability, but it is clearly understood
| that all advice or information is to be
accepted for what it is worth and no
responsibility whatever is assumed by
me in case of possible errors. My sole
aim is to give a succinct statement of
the basic conditions surrounding the
market and its probable general course
for some days to come.
| Centennial Eureka, Silver King and
| Comstock are still moving upward and
the former two are attracting much
more attention than formerly by the
public. / think it well not to antici-
| pate too much from Comstock. Strikes
in this section of the Park have not
always proven permanent. The future
should not be discounted too heavily.
| Ontario and Daily have apparently re-
signed their old-time prestige. They
| are not dead by any means only trifie
iweary-perhaps, in well-doing. 1t must
be remembered that Ontario distributed
many millions, ere the sceptre of be-
ing the biggest and steadiest dividend
payer in Utah was laid aside. The adj
vance in Ontario and DAILY so long pre-
dicted as the great Ontario drain tun-
mel neared completion has not material
| lied. There is very little doing in the
stocks and there does not seem to be
much speculative buying. Anchor, AL
| lance and Crescent are being dealt in
a limited way, but are not supported to
the extent that their former promin-
ence would warrant. Horn Silver has
been offered rather freely this week and
at prices, to say the least. varying. But
little of the stock is changing hands in
New York and the eastern stockhold-
ers evidently have confidence in the
property and the management. 1t is a
rare exhibition of faith. but in this in
stance well placed. L expect the price
to creep up gradually to that recorded
before the passage of the last quarterly
dividend.
Reviewing the whole mining share
list, do not believe there is much i'm
mediate margin for decline, except up
on manipulation, and this market is
singularly free from this feature, so
prominent in others.
Bank stocks are steady and closed a
trifle higher"
Mr.. Pollock furnished the following
as the latest mining stock quotations: