The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-04-10
PoLLocK's LETTER.
Weekly Review of the Mining share
Market.


James A Pollock will say in his
weekly mining share market letter
under date of April TO- 1895:
The stock market was exceedingly
active during the greater part of the
past week and INDUCED in some wild
f1ucfuation, nearly if not quite all of
which were really foundationless to
well posted people. In the closing the
bulls were having an enjoyable time
with everything going their way. This
market is all exceedingly sensitive
one
Ajax remained about stationary,
with inquiry for the stock showing an
increase Shipments from the proper
/ ties are regular and the latest reports
are in effect that the showing is first
class. Anchor evidenced more strength
in both the bidding and Offering. This
property is dong we'll Alliance made
no show of strength. Gas made a
slight improvement but there is little
demand for the stock.
Bullion-Beck continued active and
strong, selling higher than for some
time past The April dividend will
probably come on time, although the
! directors have taken no formal action
yet and viii not before the 18th. Ship
ments are being materially increased
! from the properties. The diamond drill
has explored a stretch of about 100
feet already. Began contributed moth
ing new. It is the very general i'm
preston that the regular dividend of
the Observation-Disclosures will be paid on
the 18th, although Secretary Chisholm
is still absent from the city. The stock
was held very firmly above SIS. with
the demand strong. Dalton & Lark
will pay its second dividend of p cent
per share on the 18th. Dalton re-
covered some of its lost strength The
reports from the properties are of an
extremely encouraging nature, de-
velopmental work being pushed with
considerable vigor. Daily did con-
siderable business at good figures No
very great advance is anticipated I'M
I'll the company resumes dividends 1t
is the impression that either this or
the coming month the company will
pay quarterly dividend of about so
cents. Daly-West was held very firm
ly. the demand being greater and the
selling price materially higher. At the
properties tn" showing is of the best
and this stock seems to be destined
to make some rapid advances.
Eagle was somewhat stronger, buy
ers coming out in increased numbers.
Work at the mines is said to be max
ing very creditable and encouraging
showing. Galena has just paid
dividend of $4,000 or 5 cents per share.
the heaviest yet paid for any one
month. The stock was in good demand
at advanced prices. Geyser made no
material change. From the mill good
shipments of product are being made
and the mines are reported to be in
good condition. Horn Silver is doing
extremely well. At the mines. ship
ments Of ore and concentrates having
been somewhat increased Recent de-
velopments in the properties have in
creased the water supply and this will
decrease the expenses. Little Pittsburg
was, as usual, very active and closed
at better figures than for several
weeks past. There will be no delin-
quent sale of stock, the assessment
being entirely paid.
AS stated in last weeks letter, the
Mercur company will pass its April
dividend, on account of maturing pay
ments and the closing down of opera
lions at the mill for one week last
month. The stock sold down as low as
$3.50, but the reaction came with a
rush toward the end of the week. the
quotation lingering around 81. Not.
withstanding the passing of the divi.
dend there were many buyers in the
held, far too many in fact for the
limited amount of stock offered by
weak holders. Out at the mines the |
showing never was as good as at pres
ent and with the proposed increase in
The tankage capacity at the old mill
the company will be enabled to build
up its surplus in addition to paying
dividends regularly hereafter and
thereby obviate the necessity of ever
passing dividends during the construc-
ton of the proposed new mill. Nam |
moth is reported to be looking ex>
tremely well m the lower depths where
new ore bodies of great richness have !
been opened up. Morgan (Meearsl |
should soon resume shipments. On |
tario was very strong above $3.50.
Silver King paid 800 on the 18th.
making total of 100000. The stock |
was in great demand at $3.50 It |
would not surprise the talent to see a |
very rapid rise in the price of Sunshine |
before another week. The method of
treating the ore has been perfected.
Utah paid a double dividend Of $1,000 |
or 2 cents per share on the 10Th