The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-12-02
MINING STOCKS ACTIVE.
Ontario Climbing Both Here and

ohtarlo Climbing Both Here and in
| New York.
Notwithstanding the continued low
price OF silver and lead, mining stocks
are more active than for some time
past. Ontario and Daily are both ia
vorite buys and the former is
rapidly climbing both here and
/ IN New York. Some one must
have received inside information which
smacks Of dividends, for no other cause
can be assigned for the sudden adj
vance. 1t is intimated that the DAILY
viii make payment shortly after the
first of the year. and the Ontario may
fellow suit, although the probabilities
, are against such action.
! In his weekly letter, issued yester-
day, James A. Pollock comments as
follows:
The stock market this week was
lstrong, active and upward. The in
J creasing volume of business is indica-
tive OF better feeling in all lines of
trade and especially that part of the
public seeking investments.
In view Of the price of silver having
Sagged off several points, there was no
purely silver stocks, other than the fact
that buyers were in excess of sellers.
ana perhaps the fear of intending pur-
chasers that the market would get away
from them II they waited too long In
snort, 1T appears, that those who have
been waiting patiently for prices to get
down to rock bottom concluded not
J to wait any longer, and the result was
a continuously advancing market, with
closing quotations the highest of the
week.
The main interest was centered in
Ontario, which advaced rapidly under
a strong local and foreign demand 1
am at loss to discover the exact rea-
son for the rapid upward movemet in
these shares, although I have been a
rampant bun on it for some time past,
and have been urging my clients to buy
at the prices that prevailed a week ago
However, [ looked for the rise to come
by gradations and not by such leaps
and bounds as the stock has taken dur
ing the week just closed. Ontario
closed at $40 bid and S12 asked.
| Daily, always a companion to Ontario
was traded in to a limited degree; but
I did not command the interest displayed
in the latter. Anchor was quiet and had
no bids or offers to speak of. Bullion
Beck failed to score a transaction,
Began is creating much interest and
the managers of the company are Wig
orously prosecuting work with a faith
born of conviction that the Began
ground contains the continuation of the
famous Silver King vein. Centennial
Eureka. is in demand, but the shares
are too high for the average investor
Dalton is reported to have encountered
a body of high grade ore. and | look
for the shares to show an improvement
in price. Mercuc was much sought af-
ter, and it is one2 of the giit-edge stocks
on this market. q look for the limited
number of floating shares to soon be
absorbed by the investing public. Sill
Yer King recorded a sale of $50 shares
at $13 and closed at $3.50 bid and S14
asked. The new shaft of this property
is completed and now that ore ship
ments have been resumed. I anticipate
the regular payments of dividends will
recommence about the first of the
coming year. One dollar was bid for
Mammoth, but this price brought out
no stock. These shares should show a
sharp rise in the next few weeks. Five
hundred Horn-Silver sold at 1926.
Daly-West was offered at Sc. Cane
Springs is sending in another gold
brick, the value of which is at present
unknown. The treasury stock of this