The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-09-30
DUMPED THE TALENT.
Bull Movement in Stocks Was Nipped
i'm the Bud.


Everything appeared propitious for
bull market this week, but there were
forces at work that were not recl1oned
on and hoped for advances and trans
actions were early nipped in the bud
by the whitening frost of distrust,"
said James A. Pollock yesterday after
noon to Herald reporter.
This is conservative epoch in in
vestment offerings and it takes but a
slight reversal of sentiment to bring
the market to a standstill Many peo-
pie got their money in on the top-wave,
and the depreciation of values has in
duced caution that years of prosperity
and good times will fail to oliterate in
the minds of the conservative.
1T is, however, just at such periods
of excessive timidity that the shrewdest
look about them and endeavor to separ-
ate the wheat from the chaff, when both
are under the bane of suspicion. For
tunately this market has much wheat
and but little chaff and he who will
not take advantage of his opportunities
must abide the consequences, and see
bargains that might well be his. go to
men with more nerve and foresight.
The public al large does not seem
anxious to buy until prices settle, and
are more inclined to get aboard at the
very top than at low or intermediate
figures. This is an excess Of caution
and one to be deplored. There is not
much new element coming into the
market either. and the trading is be-
ing confined to those who have been
there before, and as New York cor
respondent puts it, There are very
few spring lambs gambling on the
situation to nicely.
The market for some days looked
like it had measure Of stability and
character and the tide was apparently
strong enough to carry everything be-
fore it, but there are many hidden reefs
and shoals for wrecking purposes for the
embryo mariner who ventures on the
uncertain sea of speculation and the
old pilots often fail to get through
safely. The rock that cast a hole in the
keel of the ship of Hope this week, was
the passing of the regular quarterly
dividend of the Horn Silver company.
This was anticipated by the talent
but many stockholders looked for the
dividend that came not This was dis
couraGing all around for the revival of
general business, and drew off MANY
deals. Horn Silver sold off several
points in New York.
Ontario and DAILY offerings are at
lower figures and but few sales are be-
ing made. The reason for this decline
is doubtless well known to insiders and
perhaps to some on the outside too.
Centennial Eureka is strong after
the double dividend and the price is
easily advanced in view of the floating
stock being limited. Daly-West, though
not regularly on the market, is at
tracing interest, and well it may. 1t
promises to be one Of the future big
mines of the Park. Meears always
gathers sympathy whenever the DAILY
West is mentioned. Silver King is in
demand, but the high bids of the past
few weeks have brought out but a
limited number of shares. Uintah,
formerly the Dolberg of Park City. is
being inquired after by eastern in
vestors, likewise Comstock. Promo
ters are doubtless at work disposing of
shares in the east. Alliance is brighten