The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-07-26
MINES SHOWING ACTIVITY.
Greater Than For Five Years, Says
Jitmes 4. Pollock.

James y Pollock will say in his
weekly mining share market letter, under
date of July %, 1885:
Greater activity in the mines of the
territory than for five years past marks
the approach of the fall season, and ar
CUES, IN my mind, for the continued re-
liability and worthiness of mining in
VeStmentS in Utah. There are no signs
as yet of any of the old established pro-
perties working out New fields are be-
ing located frequently, the latest of
which is said to be a reproduction of the
great gold beds of Mercur. Few mines
that were closed at the time of the
slump III the price of silver III 1893 re-
main idle; while most of them give prom
Use of reaching paying condition after
very little further development. The
stock market for the week ending July
oath. ruled about as follows, with active
demand and some closeness in the mat
ter of supply. Shareholders in the larger
companies relinquiShed their stock only
with great reluctance.
Ajax showed considerable life, selling
at - cents, and cloSinf at 20 cents bid,
and 30 cents asked. The majority of the
stock has been pooled and L doubt II
there viii be any more of it come out
at the latest selling price. The shares
have been in quite d good deal of demand
and have quite a following among the
specializing fraternity.
Alliance is on the upward turn, adj
Vanclng from $lO3 to SIS. There are no
new deVelOpmetS reported from the pro-
perty to cause this advance. The stocks
are closely held and could easily be
pushed up on limited buying orders,
which is undoubtedly the process in
voked in the present instance. Anchor
buyers are coming in to the market
more frequently and / look for the stock
to be very active in the future. Bogan's
troubles seem TO be multiplying. Readers
Of this letter will undoubtedly remem-
Der my various structures upon this COM
pany. My statements in that particular
in the past are now being verified
Shares sold at % cents Bullion Beck is
not in demand and there is a big block
OF stock on the market at $1,000. The
property is undoubtedly being pushed
far too fast for its own good to the bene-
mt of the minority stockholders. Centen-
NAL Eureka holds its place as the high
est grade stock on the list. The shares
are in excellent demand and there seems
TO be dearth OF sellers. ComStock is
offered in small blocks at fair prices.
Good reports continue to come from the
developments now going forward. Dalton
sold at 3 cents and seems to be in fair
demand. DAILY is quiet-too Quiet-but the
shares TO my mind still present a great
figures. The property is making
heavy output, upon which a good profit
is being realized. DAILY West was in fair
demand and sold at $3.50, closing at Sc %
bid and s6.75 asked.
Horn Silver is not selling in any consid-
cradle amount The shares are 800 bid
and $3.50 asked. Lucky Bill is in fair de-
mand.
Mammoth sold at sL1o and closed at
90 cents bid. The property is said TO be
looking exceptionally well. Morgan
very quiet. Mercur is very active when
stock comes out. but the available sup
ply seems limited. Stockholders are very
sanguine and in view of this and the reg
uiar and high dividends being paid. |
look for further advance in the price
Silver King declared a dividend of 25
cents a share or $37, 800 PAYABLE August
7th: Total dividends to date $2S7,5O0, of
Mhlch SlI2,50 has been paid this year
Shares closed at $14.371a bid and SIS
asked. w
Ontario very quiet and lowering. 1t
would take very little demand to run the
stock up and 1 look for an advance
very soon.
Tetro is pushing ahead with develop
ments and the outlook is very encourage
being rapidly paid in.