The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-03-13
roLLocK's WEEKLY LETTER.
Weekly Review of the Mining Share
Market.

James A. Pollock will say, in his
weekly mining share market letter,
| under date of March 13, 1896.
The weeks dealings in stocks were
generally inactive and unsatisfactory.
Notwithstanding this fact, prices held
! their own fairly we'll, but speculation
was narrow. 1t is difficult to attribute
this lack of interest to any particular
cause, other than that the investing
public is not inclined to take hold at
the present moment. Money is cheap
and plenty and the market affords ex-
cellent opportunities to put away loose
cash for a good present return and a
good chance of Improvement in value,
with a consequent increase in profits
/ Ajax suffered decline movement at
the hands of an insider, but quickly
regained practically all Of it's former
strength. The mine reports were of the
usual good character. Alliance was
weak and inactive again. Anchor adj
Vanced a few points. This property
is doing extremely well. Began held
its own. Work has been renewed at
the properties. Bullion-Beck has not
yet announced its March dividend and
none may come this month. The stock
was considerably stronger, however,
with inquiry quite active. The proper
shape again.
Small blocks of Centennial-Eurelza
sold around SIS, with little of the stock
offered. The regular double dividend
of 81 per share is to come on Monday
A vast amount of development work
is being done at the mines, which are
making remarkably fine showing.
The company is not pressing ship
ments. Dalton did considerable bust
ness at slightly shaded quotations.
There is no good reason apparent for
this decline. Development work at the
properties is being prosecuted with re-
newed vigor. 1t is to be done in the
future by contract. Daily just about
held its own. Dividend prospects are
still uncertain. Daly-West was strong.
with increased inquiry. This property
is in splendid shape and the mill is
doing good work. Geyser has settled
part of it's suits and gained conces-
sions. The stock did little business,
however.
Horn Silver was quiet. Good ship
ments of ore and concentrates are
coming from the mines, and the new
development work is said to be making
a satisfactory showing. Little Pitts
burg weakened again as the assess
ment date came nearer. holders dis
counting the half cent that they will
be forced to pay. Work is to be re-
sumed when the snow leaves. Mann
moth was in good demand at about
the previous weeks figures. A break
in the hosting machinery caused a
suspension of operations for a few
days. 1t is the intention of the COM
pany to put in new hosting machinery
in the near future. The new hosting
machinery for the Morgan (Meears)
should arrive within the next ten days
This stock showed fair strength.
The famous cyanide suit brought
against the Mercur company has been
amicably adjusted and, thanks to the
keen business foresight and splendid
management of the directors, the com
pany gained all the points desired. In
the future the company will pay a
small royalty. all back claims being
settled by the payment of a nominal
sum, which, together with the royalty
will not amount to the sum that would
otherwise have been expended in the
payment of the attorneys and court
costs, even should the Mercur company
have won in the long run. The local