The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-10-21

is rarely traded in and quotations are
merely nominal
The rumors in regard to the future
Of the Ontario and Daily mines are not
very reliable in character and are of
a gossipy and evanescent kind. The
management persistently declines to
give notice of the intentions of either
company, but l am positively assured
by people in touch with the insiders,
that the mines will not be closed down
unless silver should go below the go
cent mark. What the next move will
be in the security is rather uncertain,
but no immediate fluctuations are ex-
pected on large scale. For a long
pull, with plenty of nerve and an
abundance Of the virtue of patience, /
FANCY Ontario at present quotations to
be the rest purchase in this market.
The friends of Mammoth are on the
qui vive for rise in that prominent
speculative, but 1 fail to see the need
of any undue haste in getting aboard
the Mammoth craft. The way this
property has been managed has al
ways been a subject of criticism. Here
tofore the fortunate discovery of large
bodies of rich ore has enabled the pay
ment of big dividends. and under ex-
listing circumstances it took but a
modicum of ability to manage the
property successfully, but with the
rich ore no longer in sight and the
price Of silver SO very low, it is a
grave question as to what will be the
outcome Of the mine. However, as
stock feature it is proverbially elastic,
and if it does not make a sudden
bound upward, will naturally rebound
by reason of its inherent principles.
The indication is that it will not get
beyond reach before spectators have
an opportunity to secure plenty of it.
The new shaft at the Silver King
has been completed and that property
is again in position to draw from its
stores of wonderfully rich ore. 1t will
no doubt shortly resume the payment
of regular monthly dividends. Shares
in this company will advance, but the
stock is closely held and holders de-
cline TO let loose except at fancy
prices, consequently transactions are
limited. 1t is a. good purchase on any
recession.
Anchor, Crescent and Alliance are
quiet and not much sought after, al
though there has been an increasing
demand for small blocks of Anchor of
late. This latter property has made a
really excellent showing this year and
may yet prove worthy of the faith of
before a decline. 1t makes one
tired to think of Crescent.
1t is the greatest mining fiasco we
have had in Utah for years. Alliance
has been making some extensive i'm
provements and the stockholders
might as we'll prepare to draw checks
for an assessment.
''Comstock shot across the specula-
tive armament like sl1y-rcoket a
week or so ago, on the report of a rich
strike, but the explanations of the in
weston seem to have ceased and the
burnt stick has come to earth. AS 1
stated week or two ago. the ore bod
les in this portion of the Park have not
always proven permanent.
There is some prospect of a, COM
pany owning valuable ground in the
virinftv of the Silver King. placing
some of its stock ON the market for de-
Velopment purposes, and should this be
the case, L anticipate that it will be
much sought after, and readily absorb
ed at a fair figure.
The Daly-West is not disposing of
any of its stock locally, but 1 under
stand that one of our prominent brok-
ers is in the east promoting the sale of
large block of stock at a high figure.
The conflicting interests of the
Mears company and the apparent ap-
athy and disinclinaition of the people
VINO are most VVOalIY concerned to push
the development of the property has
discoura ged the poor dupes who PLACED
their money in the treasury shares for
that purpose and they have all but lost
hope of even getting back The money
they put into the venture, much less
making profit on the investment The
value of this ground is undoubtedly
very high, but the lack of enterprise
OF the promoters is so great that
though it We're a second Ontario it
would avail but little. Small stock
holders are entitled to some considera-
ton and the controlling interest should
subserve to them.
There is nothing in the general situ-
alton to have a decisive effect upon
prices or to induce extensive operation.
Ine average investor is timorous ard
lacks the courage to make a hold at
tack on the market in accordance with
his convictions. The tendency towards
conservatism is so very marked that
transactions are necessarily limited. m
seems to me that the depression is
largely one of sentiment. We are GER
tadnly down to a hard-pan basis. but
be that as it may, We cannot expect TO
return to normal conditions until the
financial hereSieS of the day are conn
pletely overthrown.
Money is accommodating here and in
VestorS are growing restless and Jool,
Tor an active market from now on -
MT. Pollock furnishes the folIowin, !
as the latest mining stock quotations:
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