The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-11-08
PoLLoCK's REPORT.
Marked Activity an Mining Stocks
Noted.


James A. Pollock will say in his
weekly mining share market letter I'M
der date of November s. 1895:
The mining stock market this week
was full of snap. Investment orders
were in abundance; in fact. l do not
remember a time during the last five
years when there were SO many out
side commission orders or when local
inquiry was so extensive.
The growing chances of some serious
foreign complications would seem to
recommend the purchase of silver
stocks in view Of the fact that any
unpleasantness among our friends
abroad would tend to- increase the de-
unand for the white metal and hence
advance its price. The director Of the
mint, Mr.. f. E. Preston, makes some
rather suggestive estimates of the
Orld's production of gold and silver
for the year 1894; viz: S,S00,000 gold
ounces and 166, 100000 silver ounces.
this relative production becoming
nearer 16 to 1 every year. The further
prediction is made that Utah will show
greatly Increased gold and silver pro-
ductions for 1895.
Ajax was quiet with development
work going on steadily, shipments of
fair-grade ore being made. Alliance
to send the old Massachusetts shaft
down in the Eear future. This will
eventually open --p some good terri
tory it is hoped by the company. There
IS an unverified rumor to the effect
shat ore has been encountered in the
drift on the vein Of the main shaft.
Stock inactive. Anchor is off and 10
buyers. Bullion-Beck IS pegging away
in the same old rut. Those anticipated
new developments have not taken
place but it is still thought that good
ore bodies will be opened up on the
9O0-foot level The mill is doing fair
work and its capacity may be in
creased. Some inquiry for the stock
but buyers and sellers unable to get
together on quotations. dividend of
$4,000 on the 18th or $50, 900 on the 22d
IS scheduled. In Observation-Disclosures
the usual development work is going
on in the property and the customary
SHIPMENTS but there are no tranSac-
Eions in the shares. Good reports come
in from Comstock, the management
claiming that the silver-lead vein has
been cut at last.
In Daily and Ontario the driving of
the drain tunnel is being prosecuted
with vigor. Daily No. shaft is going
down, but Ontario No. has been dis
continued on account of the flow of
water. The new water system will
soon be in commission. Ontario stock
is not moving to any extent, but the
dealing in DAILY is increasing. DAILY
mest's new mill should be in operation
hy the list Of the year. Sinking of the
main SHAFT 300 feet deeper is in pro-
Eress. When completed this improve
rnent will open up some new country
which promises to be rich. There is
healthy demand for the stock. Horn
Silver is making a great record of pro-
Al. no. nrff
concentrates during the past few
weeks than during any other like per-
Tod in its history. Stock in demand
and advancing. Nothing from Nam
moth except that the old standby is
in good shape and might be made to
put out an increased amount of ore.
Mil doing well. Stock offered rather
freely.
Experts are still in the Mercur making
examinations, and despite denials of
CHIEF owners it is the general belief
that there is a deal of considerable
magnitude on in connection with the
Mercur control by Captain De Lamar.
Superintendent Treweek, of the Mer-
cur, has been making an examination
of the Golden Gate, owned by Captain
De Lamar, for the Mercur people The
stock continues to fiuctuate and with
a slight lowering tendency The usual
monthly dividend will be declared on
the 18th. Silver King paid its regular
monthly dividend on Thursday This
property is said to be in the very best
of shape. Toward the end of the week
Sunshine owners, evidently those who
purchased the stock first liberated
satisfied themselves that the advance
would not be as rapid as in the past
for the reason that investors generally
are awaiting the commencement of ac-
tive operations by the company. and
various Blocks of stock were offered at
prices ranging from SO 10 $3.50. But
few sales were recorded. The mill was
put in operation Thursday.
Good news, which has been expected
for some time past, was received on
"Wednesday from the Dalton. The |