The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-08-09
STOCK MARKET WAS FIRM.
Some Good Sales Were Made During
the Week.

the Week.
James 4. Pollock will say, in his
weekly mining share letter under date
of Aug. 9:
The mining share market opened
firm on Monday and maintained its
hardness until the close. The pace
seemed to be too rapid TO hold at this
season, but if the public is strongly
inclined to buy, the weather does not
play an important part.
The trenG of investment and specula-
ton has apparently for many months
been in the direction of mining Sc
curities, and judging from the heavy
transactions being made in this mar
ket and the encouraging reports that
come from the others, it must be
gathering volume all Che time. From
this I draw the conclusion that there
VIII be no setback in prices. In truth
1t seems that securities are held more
tenaciously than ever, and all efforts
10 bring about reaction meet with
no success. People who sold for spec
ulatiVe profit find they cannot recover
their holdings except at higher prices.
A few sales were made in Ajax at
40 cents and the shares closed at %
cents bid and 40 cents asked. l have
reliable information that the present
the purchase price of the property, and
Of this amount $4,000 must be paid
in cash and the balance on the profit
on ore extracted from the mine.
About twenty carloads of ore were
shipped from the mine last month.
upon which a fair profit was realized
The development work now going on
in the mine is adding to its value all
the time. Alliance advanced under
SnirIfo6 nd e-f111 ct o.Ia
ing at $1.35 bid and $3.50 asked A
leading question is, Where is the
stock coming from? 1 am under the
impression that there is short inter-
est at work and that the manipulators
of the deal will be squeezed on final
settlement.
Offerings of Anchor at 1925 did not
prove attractive to buyers. People
who were eagerly bidding $40 a lew
weeks ago for the Bullion-Beck, will
not consider an offer of $3.50 now.
This property may yet reestablish its
prestige as a big dividend payer. Cen
tennial-Eureka is steady, with not
much trading. but always in demand
Comstock rather quiet. If the man
ayers of this property can find ore
in paying quantities on their side of
Scotts hill they have a surprise in
store for many of the old-timerS
familiar with the ore bodies in the
Park.
Daily does not move and there is no
animation in the stock; Sc is bid and
$6.75 asked. Daly-West sold at Sc 30
and closed at S6.25 bid and 1913 asked
Horn Silver is unusually inactive
The mines output has been remark
ably heavy of late. Mammoth is re-
ported to have cleared $4,000 last
month through the mill. The stock
remains quiet at 80 cents bid and 81 10
asked. Mercur continues the most ac-
tive stock among the Colds and is adj
vancing steadily and ingratiating it
self into the good opinion of the pub
lie. Whatsoever may be the future
of Mercur stock, one thing remains,
and that so long as the mine main
tains its present magnificent showing
and the stock pays present dividends,
so long will it be a favorite among in
vestors. Ontario, Notwithstanding the
excellent showing being made, is not
selling. The enforced calm may bring
forth a storm ere long which will
sweep the shares toward higher prices.
4 large block of Silver King sold a.
S1425. The stock is very closely held
The dividend of % cents per share. or
$37 500, was paid on the 9TH, which
nls kes total of S2S7 500 paid to date
Zero is attracting some attention
since development work recommended.