The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-12-27
THE SALT LAKE HERALD. FRIDAY. DECEMBER 81. 1896

/ junction proceedings by the Silver
King people, who allege that one of the
Alliance drifts is being run on their
ground and that if it continues it will
cut into water courses that will fill the
workings of the King and cause a
heavy expenditure for pumps. By rea-
son of the injunction, the Alliance COM
Pany was enjoined from working in the
disputed territory pending further in
Vestigation by the court TIL manage
ment of the Alliance will not make
public their plan of action, but it is
said to be based upon apex. Ajax and
Gas were inactive and the same condi-
lions may be applied to Anchor. AT
the price the latter is being offered it
should be a splendid buy. Eoth mine
and mill reports continue favorable.
Began is doing nothing in the local
market at present The minority stock
holders are still congratulating them
| selves on their victory. Bullion-Beck
paid its dividend of $4,000 on the goth.
There is a good prospect of another
distribution during January, but it will
| not be much if any more than $50, 900,
unless some very rich ore should be
encountered in the mine. 1t is report
ed that the lower levels of the prop
erty are looking very we'll now, better
t..
The stock is not very active. Centen-
nlal-Eureka stockholders are certain
that they will receive the usual special
dividend of 81 per share on either the
last OF the present month or the first
OF the next. This special dividend is
becoming almost a regular, coming as
IL does without break. Comstock is
offered freely, but with the assessment
on no business is being done. No Cres-
at,,<r
made by would-be purchasers. The
shipment of dump ore continues.
Dalton continues development work
and the extraction of good grade ore.
Orders have been sent to the property
TO continue the drift to the rich orc
chute that is known to exist, in fact
has been opened up in one place near
the surface. Inquiries for the stock
are being received from the outside
IN considerable numbers. DAILY and
Daly-West continue in their regular
lines. Both are doing extremely well.
DAILY produced during the year 541. A5a
ounces of silver and 70 ounces of gold.
The DAILY West mill should get into
operation shortly after the first of the
year
Horn Silver will pay it's quarterly
dividend on the I'd of January. It will
be l21a cents per share, or $4,000 The
property is making a splendid record
OF production. Its earnings for the year
have been about S250,000 in excess of
the dividends paid, the balance going
into the surplus fund. A somewhat ia
Vorable change has occurred in the
foot of the Lucky Bill shaft and some
thlng good is expected in the near fu-
ture from the property. The shaft is
down over 800 feet
Mammoth held it's own in splendid
shape and a great deal of business in
the stock is reported. The mill con-
tinues its good work and the mine is
in first class shape, especially the
lower levels 1t is one of the best BUYS
the market affords at present quota
tons. Morgan is putting in its new
holsts. The property is reported to be
in good condition. Mercur was inactive
except toward the close of the week
when some considerable business was
done, but at prices for below where
they would be. even with the Della
mar deal off. The lack of information
regarding the option put the stock
down. 1t is hardly likely that any
thlng will be heard from DeLamar be-
fore his time is I'D. A deal of this
character is not put through in a min
ute. Those on the inside are not wor-
rying about the outcome
ontario produced for the year 1856.
414 fine ounces of silver, 1924 fine
ounces of gold and 612,93S pounds of
lead, all selling for 1868, 764. SO. The
is in good shape
Rover did some business. Develop
ment work of an encoura ging nature
continues at the property. Silver King
was in demand, with little of the stock
coming out. The usual dividend will
be paid on Jan. Z. Sunshine will make
! shipment of product, about the list.
It will probably prove a. surprise for
those not on the inside on account of
It's value. The cyanide is saving the
values in splendid shape The ore
averages over SO per ton
Gold Dust is taking with the inves-
tors in splendid shape, and orders are
coming in from the outside as we'll as
rom strong local people in great num- |
oers. The development work now go
ng on at the properties of the com !
oany is giving very gratifying results.
\ heavy increase in operations is to
AXE place at once The books of the
company close on Jan. TO-
Quotations.