The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-12-06
POLLOCK'S LETTER.
Review of the Market For the Past
Week,

James A Pollock will say in his
Weekly Mining Share Market Letter
under date of December 6, 1895:
The stock market this week exhibit
ed a marked Improvement over that of
last, and there is no doubt but that
every element in the situation has very
greatly improved. The desire of a
majority of traders to Hquidate has
apparently become exhausted. The
market is a good trading one and is
indeed remarkable at a season which
is usually given up to adjustment
rather than that of entertaining new
ventures. With the new year we will
enter a period of activity unprece-
dented in Utah mines and stocks. The
Mercur gold stocks will be the boom
mining securities of 1896.
The present market is easy, but
strength will come soon. Take your
choice of the list at present quotations,
and there is a profit assured.
AS was foretold would be the case,
Ajax stiffened up materially and some
fair sales We're made during the week
with the bids advancing to so cents
There is not a great deal of floating
stock Alliance did practically nothing,
although the market was not flooded
with the security holders being firm
in faith. The company is still driving
away on the vein, and the manage
ment anticipate improved conditions
with every foot of work done. Prepare
tons are being made to resume opera
ton on the old Massachusetts prop
erty. Gas was quiet with free offerings
of the stock, with no takers. Anchor
continues along in the same old rut.
The dispute between the minority and
majority stockholders of the Began is
about to be decided by the courts. 1t
is hardly likely that many of the de-
linquents viii pay their assessments
under existing conditions. The stock
holders Of the Bullion-Beck look for a
Christmas present in the shape of a
dividend within the next ten days. A
draft of one-third of the mine en-
ployees was made during the week,
due to a decrease in the amount Of
developed ore.
CentenniaI-Eureka came to the front
on the I'd instant, with an extra double
dividend of 81 per share, or $30,000
completing a total of s1,440,000 to date.
The regular dividend will be paid as
usual on the 18th of the month. But
little of the stock is finding sale on the
market. There are rumors of coming
trouble in the Comstock, and very free
offerings of the stock are being made
by insiders. The property has been
closed down and it is questionable
whether any work will be done in the
near future. An assessment Of ~
cents per share has been levied. No
news of Importance from Crescent.
The expected shipment of ore from
Dalton has not mateTialized as yet but
may do so any day now. The reports
from the property confirm the previous
good ones. Stock is holding firm
West continue in the same good old
way The mill on the latter is being
rapidly completed, and both stocks are
looked upon with favor by investors.
Horn Silver continues with heavy
shipments of both high grade ores and
concentrates. Quarterly dividend of
$50. 900 is expected on the 18th There
was probably more activity in Nam
moth than in any other stock on the
list 1 have repeatedly called atten-
ton to the many good reasons >sEse5
the old speculative is one of the best
buys in the local market, and investors
seem to be awakening to the fact
Heavy transactions were made during
the week and the price advanced until
pany is reported to be nearly out Of
debt and the resumption of dividends
should not be very far distant Mer-
cur continues inactive, nothing definite
having been heard from DeLamar re-
la.tive to the sale. The experts have
completed the examination and left for
New York There is absolutely no
trading in the stock. Ontario is
very dull Development of ore bodies
on the Rover continues in splendid
shape and the showing is becoming
better daily. Considerable business
was done in the stock. Silver King
will pay it's regular dividend of $S7, 500
tomorrow Splendid reports continue to
come from the property.
Returns from the mill run at the Sun
shine are being awaited with great
interest The management say there
is no longer any question as to the
successful operation Of the plant and
with this settled the stock becomes
one of the best buys being offered. The
ASSAYS of the mill tailings show no
values. proving that the saving of gold
is practically total.
Quotations For the Weeke.