The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-10-25
MINING STOCKS ARE ACTIVE.
Local Market is Showing Splendid
Staying Qualities.


Some surprise has recently been ex-
pressed at the manner in which the
activity is being maintained by the To-
cal mining stock market. Each day
brings some cnange and it is never
for the worse by any manner Of means.
While the gold stocks have the right
Of way and are the best sellers, if one
or two of the silver securities are eX-
cepted, there has been no miniature
Kaff1r craze and none is likely, al
though Utah has some propositions
the majority of the South African Sc
curities. Mercur is just now showing
the greatest gains, $3.50 being offered
yesterday There is no stock being Of
fered even at that advanced price.
Dalton is also very active, insiders
making the majority of the purchases.
From cents this security has now
climbed to 10 cents and the end is not
yet. Good reports are being received
from the property, where the new tun-
mel is getting into mineralized terri
tory In his weekly stock report of
today, James a. Pollock makes the
I following statements:
The mining stock market reflected
an endurance of the activity it has
maintained for some time past, and
was Of the inspiring character, there
being much news of an encouraging
nature coming out. The quiet absorb
ton of stocks continues and I am of
the opinion that all this is a cOnVinc-
ing argument that the market is likely
to make a further improve
ment next week and in all probability
keep on improving little right along.
! That we are now in the incipient stag
es Of genuine mining stock boom is
beyond the question Of a doubt. 1t is
so apparent that the effects are begin
ming to be felt A cycle Of mining in
vestment and speculation is upon US,
and to all who have the courage to
enter the market at this stage there
are large profits in sight.
Ajax is not moving to any extent,
but reports from the property are very
encouraging and regular shipments
of fair grade ore are maintained. Alli-
ance is steady and in fair demand.
Last week the company closed con-
tract for the purchase Of the Massa-
chusetts claims at a figure supposed to
approximate 100000 This will give
the company almost two miles Of
ground on the lode, and should present
explorations prove the existence Of ore
it will make this property second only
in value to the great Ontario. The pres
ent opportunity seems exceptional to
lay in a supply of this stock. Centenni-
4 al-Eureka is not moving to any extent.
There are frequent bids for the stock
/ but none coming out, stock being in
strong hands and we'll supported.
! Crescent is awakening from it's lethar-
! gy and there is a probability of a re-
newal of interest in this old time IA
/ vorite.
Dalton is in very strong demand
and the insiders and their friends con-
tinue to buy all available shares. Work
/ is being pushed as rapidly as possible,
and before the appearance of my next
/ letter [ expect to be able to give notice
! Of favorable developments. Daily is
relegated to dullness for the moment,
/ but I continue bullish ONT this stock
and suggest its purchase. There is am
/ pie room for Improvement and no pos
sibility of decline. Daly-West has
much to commend it, the stock is fully
entitled to an advance. This market
/ is erratic at times and the favorite Of
today is likely to be placed on the
dead list tomorrow. The Days will
have their innings in due time. Horn
J Silver is irregular but shows some evil
dence of renewed strength and activ-
! ity Lucky Bill has levied assessment
No. IA of IL cents per share. Nam
moth would like to become active but
there is little stock coming out that
trading has been retarded. The mine
never looked better, and I anticipate
much higher prices. 1t has become an
expected occurrence for me to an
nounce the advance in Mercur shares
The stock continues to climb and will
I undoubtedly carry out my predictions
of some weeks back, that is to sell fol-
Sc by the first of the coming year
The $4,000 dividend was paid on the
21st Ontario is a trif1e stronger ]
recently visited the mine, and can
state that with silver selling at 81 per
ounce the old mine could regain its