The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-10-04
TIME IS NOW RIPE.
Conditions Merit Heavy Stock Buy
ing, Says Pollock.

ing, Says Pollock.
James A. Pollock will say in his
weekly mining share market letter I'M
der date of October 1, 1895:
The mining stock market this week
showed an almost unprecedented ac-
tivity, and there was an advance
marked in about every stock or the
list. There is a, steady aad increasing
ihquiry for all classes of stocks and
the confidence displayed is very graf
flying to investors and operators alike.
What have predicted has happened,
and clients will put more faith in my
market representations than hereto
fore. I suggest further purchases and
to hold fast to that which is already
bought. Conditions are favorable in
every line of trade, and the CONNER
cial possibilities of the coming year
are beyond reckoning. The operators
who invest the heaviest will take large
profits at pleasure The most compe-
tent authorities see new estimates of
values at hand based on legitimate in
f1ation.
Ajax shipped twenty carloads of ore
during the month of September The
grade was not very high, but netted
a fair profit. A good vein of $50 ore
was recently encountered on the east
drift of the 200-foot level, and the out
look for the property was never
brighter. Shares are closely held and
but little coming out on open market
Alliance sold at $3.50, and holders are
very sanguine that the vein will be
cut in a very short time. There were
numerous inquiries for Anchor. but
no sales were noted. Bullion-Beck is
scheduled for a dividend this month
A kindly view of the stock is not TAX
INV q tI,i +
tttude seems to be imma teria1 to pres
ent holders who indicate no anxiety to
sell
CentennialEureka paid an extra
dividend of 81 per share on the 3Oth
ult. which increases the total amount
to 81, 100000, and 100000 paid this year.
The mine continues to make heavy
shipments. But little stock is offered
and the demand is good for large and
small blocks Comstock is taking no
part in the market There has been a
cessation of the highly colored reports
with which the public has been re-
galed during the past few months
Dalton advanced under heavy inside
buying and the confirmation of the
! reported strike of high grade ore.
look for a further advance in this
stock, which is certainly intrinsically
worth more money than the selling
price today, provided, of course, the
property continues to maintain it's
present excellent showing There is a
growing interest in DAILY. 1t is difficult
to understand why the stock is not
in greater demand. When the upper
movement starts it will certainly be
with a rush. Daly-West will strengthen
as the mill, now in course of erection,
nearS completion. The shares are very
attractive at present prices. Horn Sill
yer slumped off on the passing of the
! quarterly dividend. The company was
| in a position to pay, but It was deemed
the best policy to add to the cash re-
serve Stock was offered at 1910, and
is a good buy. Lucky Bill is freely Of
fered.
Mammoth sustains the advance re-
Gently made and is in strong demand.
Condition of the property warrants
higher prices, which will surely come
| in the near future, as l look for the
stock to again take it's place on the
dividend List. Mercur led the market
| all week, and by rapid advances
reached S4.S5 with apparently no
stock in sight and with an increasing
demand. The recent purchase of the
Matte group of claims adjoining the
Mercur property stimulated the buy
| ing which was further increased on
| the announcement that the capacity of
| the mill would be increased fifty tons
! per day, which in turn indicates the
payment of larger dividends. The price
! of shares will proba bly, reach Sc be-
fore the first of the coming year On
! tario lowered during the week to SIC
asked and not in demand. Silver King
declared dividend of % cents per
! share or $4,000 payable on the It'll