The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-04
PoLLook's wEEKLY LETTER.
Review of the Transactions in the
Mining Stock Market.


James a. Pollock Will say in his
weekly mining share market letter,
under date of December 4. 1896:
The market this week was dull and
steady. Prices held well but stocks
failed 20 maintain their buovancy of
/ last week. Trading was limited, with
no material change in quotations.
look for Just enough business to sus-
| tain the market until the first of the
year, and then anticipate a broadening
! influence due TO an increase of conf
dence and a surplus of idle capital
! seeking interest returns.
There was a strong demand for Ajax
and the stock took another of its big
jumps, closing strong in the immediate
neighhorhoOd Of so cents, with indica-
lions OF a higher raise. The company
made a splendid record last month with
its shipments, and the properties are
in fine condition Anchor showed some
activity. but at shaded figures. While
. there was no special change in Bullion
Beck, the stock continued strong. The
company is expected to pay 80 cents
per share in dividends again this
month. Heavy shipments continue
from the properties. Began is without
feature.
The Centennial-E Eureka is maintain
ing its usual shipping record and on
the 18th the company will pay the reg
ular double dividend of 81 per share
No stock is on the market Dalton
showed some improvement IN price, the
result of little more inquiry and the
receipt of a small shipment of ore sent
out by the leasers- Work is being
pushed at the properties. There is still
nothing from the Daily regarding divi-
dends. The stock was slightly weaker.
although the offerings have not been
heavy. At the properties the show
ing OF ore is said to be first-class with
the usual shipments being made. DAILY
West was in good demand but the re-
peated bids did not bring out much of
the stock, which is held in very strong
hands and looked upon with such favor
that sellers are always few
At the properties of the East Golden
Gate operations are not being rushed
just at present. the drill having given
the operators more trouble. The stock
was without strength. Four Aces was
somewhat stronger and did consider
able business. Galena is looking very
well and sending in some splendid ore.
The usual dividend is expected on the
10Th. Geyser was unchanged. The mill
installation is about complete and with
this accomplished the company will
have a daily capacity of 100 tons Horn
Silver was without activity again. The
Lucky Bill showed more business than
for some weeks past and recorded sales
at higher figures than have ruled for
months. 1t is reported that the showing
at the mine has improved.
On the 9Th or 10th the Mercur direct
ors are scheduled to meet and declare
the usual dividend. The company con-
tinues TO make a splendid record of pro-
duction and the latest official reports !
show that the properties look better at !
the end o. each week. Stooing of ore
is now entirely unnecessary. Two or
three small blocks of the stock were
sold at slightly reduced prices, but the 1
general market remained practically /
unchanged. It is expected that the |
Mammoth's shaft improvements will be /
completed within the next six weeks 1
when shipments will be pushed again. /
At present little shipping ere is being
raised. but the mill is dropping all of /
US STAMPS There was no material /
change in the stock. Northern Light /
was IN good demand at the ruling fig
ures. None of the mill machinery has /
yet arrived. Ontario has paid its usual .
dividend The stock was heavy and re- /
corded no change. Rover was in slight
y better demand
The sacramento has declared a divi-
dend OF = cent per share. pavab bile On
1ne i"lh- some heaVy blocks of the
stock came ont az 80 cents. but with
the close came shading to 20 cents.
and Whereabouts. Swansea will nav a
dividend o. cents per share on the
10Th. The stock did not change much
but continued in fair demand. South
swansea closed at last weeks fe1Ires
The stock having been only active AT
the opening. Silver King is having
more trouble over its water claims and
he properties are idle in CONSEQUENCE.
Il has not been announced whether or
lot this Will interfere with the divi-
iena. sunshine was practically I'M
hanged. Utah is having a very ner-
'eptib!e increase in its gold values as
sreater de9th is attained. The com
ANY is expected to pay its usual divi-
lend this month