The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-10-26


stock yesterday, when a block was
sold at So per share. This meant
jump in one day of So cents, and the
transaction attests the great faith
which is being built up among the in
vestors in the Camp Floyd properties.
Even at Sc only one block came out,
however, the other holders seemingly
being of the opinion that the security
is bound to go higher. That such will
be it's course there is no doubt, some
of the operation, even predicting that
it will reach in the near neighDorhood
of $40 before many months have
passed This would seem to be
rather high mark, but the record OF
the stock during the past year SHOWS
very plainly that the advance has
only started. At a, valuation of $40
per share, the stock is today paying
Is Der cent on the investment, ard the
chances are bright for very ma
terial increase, now that the new
tanks are at work in the mill.
Interest in the properties of the
Camp Floyd district is fast getting to
fever heat, and Utah is threatened
with a duplicate of the kafhr craze axe;
although probably the excitement will
be on a smaller scale for some years.
although its foundation will be as Sc
cure if not a; great deal more so.
Even staid old operators who have
refused to take any stock in the new
district up to this date, have at last
opened their eyes, and some of them
are now getting out into the camp
for the purpose of seeing for them
selves just what is carrying on there.
To say that they are wonder struck
would be putting it mildly. They are
simply carried away with the show
ings being made. On the quiet, a NUM-
Der of this city's heaviest citizens.
some of whom have never before
owned a share of mining stock have
made investments in the new district,
either in some of the stocks that are
on the market, or in properties direct
leases. With each succeeding day the
interest becomes more intense, and the
opinion of those who are in a posi-
ton to judge from the standpoint of
an expert, is that the Camp Floyd
country is about to experience "a boom
that will be an eye opener. And the
properties are there to give it sub
stantial foundation. A boom in Mer-
cur would be no wind bag. On the
contrary, it would be but the culmin-
alton of legitimate enterprise and con-
tinued splendid developments. With
out doubt, the gold belt is one of the
greatest in the world, and what the
ore lacks in values it makes up in
quantities
The structures passed upon Sun
shine stock yesterday by James A.
Pollock, served to create considerable
discussion in mining circles. Pollock
takes the position that the sale of the
stock that has been liberated by one
or more OF the incorportators at $3.50
per share, took place at excessive fig
ures, in view of the fact that the COM
pany has never produced a dollar, and
has not fully demonstrated that its
mill will treat its ore to a. high per
cent. On the other hand, the close
friends of the property cite the fact
that the showing of ore in all of the
claims that make up the Sunshine
group is something remarkable, there
being a practically inexhaustible guam
tity of good grade rock with
IN the limits of the proper
ties. The company is absolutely
clear of debt, and the general ex-
pectation is that it will commence the
payment Of dividends in March Of the
coming year. Some of the enthusiasts
have stated that the payments will
commence by the first of the year,
but this is hardly probable in view of
LIlC LoCL IidL Tic IilIIl Will uOl yet INTO
good operating shape before the lat
ter part of November on account of
the absence of water and there will
be a certain amount Of experimenting
to be done even when the machinery
is placed in full operation. Tests made
with the ore have demonstrated that
the cyanide process will save the
values to a high per cent so that the
only thing to be ascertained in the
mill runs is the necessary modifica-
lions that follow the treatment of all
classes of ores.
One of the heavy owners of the
company yesterday stated that per
sonally he cared nothing how much
the stock was beared. He had no de-
sire to sell and proposed to keep his
stock as permanent investment for
himself and his children.