The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-11-15

to reports of a various nature coming
out, but all were of such untruStwOr-
thy character that little reliance could
be placed in any of them The fact IS.
the reports affecting the markets have
been mainly made up of Ifs, butts,
perhaps, maybes," and .possibiii-
ties" Hold all stock and buy again
for keeps" on any recession, is my
impression of what the market affords.
Nothing was done in Ajax. The prop
erty is said to be in good shape and
shipments are being made as usual.
Alliance was also inactive, holders not
being willing to sell at prices bid, and
the stock maintained it's phenomenal
strength, even with an assessment on.
Bullion-Beck was very quiet. There
were free offerings of the stock with
no deals closed. Another dividend has
been passed by the company, contrary
to expectations, and now none is look
ed for before Dec. II. Crescent is send
ing down some good shipments OF ore,
which net the company S. per ton with
5000 tons to move. Preparations are
being made for some more movements.
Centennial-Eureka will pay it's regular
dividend of 81 per share today. The
property. never was in better shape.
Dalton held it's own on the strength
of the good reports received from the
properties. There was considerable
trading in the stock, the price ranging
between IL and 20 cents. Insiders are
still making buys and their faith in the
future of the stock has much to do
with it's firmness. DAILY and DAILY
West were easy, with little business
done in either Both of the properties
are reported to be in splendid shape.
The Daly-West mill should be in OPP
Grafton the first of the year Lucky
Bill is sending it's shaft down at a good
rate. The quartzite in which the foot
of the shaft now rests carries several
ounces of silver. While insiders are
saying little regarding Mammoth it is
very evident that the property is in
splendid shape. New ore bins of a very
extensive character are being put in
at the mine, showing very plainly that
the management anticipates an in
crease in output There is some quiet
inquiry being made for Morgan but
none of the stock is coming out. Most
of it is held in very strong hands. and
buyers for any loose stock can be Sc
cured at fair prices. Preparations are
being made for another ore shipment
to the shelters, the one made a short
time ago giving very satisfactory re-
suits.
1t has been a nota BILE week for Mer-
cur and on Wednesday the stock took
a terrible tumble ON account of the
passing of the fifteenth dividend. On
Thursday it recovered, however, and
was held very firmly by outsiders and
insiders alike. The passing of the divi-
dend created a regular panic in the
security, and offers were freely made
on the street of $3.50 early in the day
with no takers. Then the frightened
ones took heart again, and the quota
tons went up to past the Sc mark, and
ntnSa of no dos he ho
tween S5.75 and $780, On Thursday
came the decided change for the bet
ter, upon the announcement of the
management that the DeLamar option
was an assured fact. This announce
ment is in direct line with the informa-
ton given to my clients through my
Weekly Mining Stock Letter For the
past several weeks ] have contended
that despite the denials of insiders De
Lamar had secured the call on the
majority of the stock at a price in
the neighborhood of $3.50. This latter
figure is the exact amount per share
that will be paid by DeLamar for all
stock transferred to him. An extensive
examination of the entire stock of the
company has just been completed and
the showing made was a surprise to
even those on the inside. The aver
age value of the ore blocked out is
stated TO be Sl2 per ton, the highest
average sample the group has ever
given. 1t is reported on very reliable
authority that the measurements gave
tonnage of 240 900 TONS With a val
uation of $12 per ton this would give
total value to the property of $780,
600. while the option price would give
but $1,50OO0O. The insiders state that
they have reserved the right for any
minority stockholdert to get in on the
option by listing stock with the Secre-
tary of the company for transfer to
DeLamar. The terms of the contract
give the latter until Jan to make his
payment but it is anticipated by the
Well-posted that the transfer of the
stock will take place within the next
fifteen or twenty days. There is very
little likelihood of any more dividends
being received under the present man
agement unless there should be some
hitch in the deal, which does not seem
at all probable.
Nothing was done in Ontario. Sill
yer King is reported to be pressing
developmental work and shipments of
high grade ore are regular and heavy
The mill at the Sunshine is working
along in very creditable manner and
the company should soon make ship
ment of product. No new stock has
come onto the market and the quota
ton holds firm above $780, Some safes
have been made at $3.50. Utah paid a
dividend of cent per share, or a to-
tai of $1,000 on the 8th
Quotations.
For wool audiuor Nox,o,oLor ~ .oo.