Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-01-03
UTAH MINES AND MINING,
Unprecedented Activity and Improve
ment In Business.
The Utah Mineral Product Of the Year
shows IiRndsoms Increass-NtooL
Market In Good shape.

James A. Pollock said in his week y
mining share market letter under date
Of today, January 3'd:
The IRE, Of the year-the snnuaI
period OF llquldaton-has passed and
those who are well posted predict that
Utah IL about to enter upon n period
Of commercial ami mlning activity
unprece dentei Ia the history Of The
Territory. The conditions are ripe aud
already the signs OF the ojmi ns splen'
did Improvement In general business
are making their appearance. The
condition Of the local stock market
upon the commencement Of the new
year reflects this anticipated change
for the letter In all lines, but especially
In n mining way. The total UtAh pre-
uuction Of the precious ne we'll M tue
base metals Tor the year Just passeu
showed a very handsome inciease, thht
Of silver being over eight AMI one-haif
million ounces anu gold over slxty'hNe
thousand noe ounces. All Of the prop
critics throughout the Territory silver
a. well rs GOLD, show extreme ACTIVITY,
anu their outputs are Increasing atsaI-
lily. Daring the past week the hoc.
market has maintaisei itself In good
share and taken all In all showed an
imnfoyement over the previous same
period. The Mining Exchange IL nov
Ia running order anu gives signs Of
permaDency.
Alliance suffered the worst In the
fray OF tue wsek, being offered ne low
~ 50 cents. There were no dhquiet'
log reports and the work OF develop.
ment continues ~ OF yOre. The oDm-
ing legal battle with the Silver KIN
l. responsible Tor the oouuition. AiAG
allowed some activity and several ueiis
wef. reported. THIS stock IL c1ueid-
cred one the beat buys on the market
abound so cents. Gas did come Uuui-
ness at very much reduced quotations.
Anchor was insci i've.
Began did nothing, free offerings OF
the stook not bringing out any eids'
The showing In the Bulllon'beok "
reported to be better with each dAj's
development and the Company viii
undoubtedly make dividend paymeht
this month. Centennial.Eufeka IN
held far too strongly TO make ita very
active plock. There are plenty o. BIDS
but no Ufiets OF the security under 500.
The usuai double special dividend OF
81 per share was paid yesterday. Com
stock ami Crescent are doing nolhiug
IN the locHl market.
1t Ia probable that the deep SHOWS
may delsy the shipment OF high grade
ore from the Dalton for some weeks, but
the reports received from the property
are OF the be,t and Indicate that the
value OF the orc IN tho heavy vein II
Increasing with development. > me
OF the weak holders are willing 10 sell
Mt anything Ike present quotations,
DAILY. Wesps mill should be In active |
operation within the next Two weeks n |
no uniorssen delays occur. This m-
pany should pay dividends before |
March. DAILY continues the usual |
heavy production Of silver anu the
surplus In tue treasury 10 rapidly grow.
Ing. Horn Silver pays n quarterly |
dividend OF $780, today IN New |
YORK. The properties Of tho company |
are Ia . splendid condition. Lucky |
BIZ continues this RAPID sinking OF ils
shaft
Again did Mammoth maintain itselt |
In splendid share, sales being made on |
both sides OF Sl,bO. The stock was "a |
prime favorils with local anu outside
investors and we'll deserved To be. Div |
idends come nearer Dolly. Morgan Il
still making impro vemr nta Ia its shan |
equipment ana produces regularly. |
Msrcur showed aigns OF stu mag early |
In tue week, but with the close there
was slight weakening anu offers Were
made OF the stock below the point |
where bids ceased on Tuesday. A the
time for the De Lamar option To expire
approaches the Interest In tho deal In
crcAsei. 1t will not prove a disappoiut. |
ment even should the deal not 10, tor
the Increased dividends that aIo ~.
sursd In that event make tue security |
gilt edged and the well posted one.
predict that II would easily 20 TO $40 |
within three months with the option |
1ut Of the way.
Ontario did not show much lie, but |
no stock WAS offered below $3.50. The |
old reliabe II still one OF the iavorites.
Rover did some business Nv did also |
Silver King. Quotations on tue latter |
Afe stitching materially. Sunshine Ia
for n shipment Of product |
anu the movement should take place
Today, The oyauides arc very high |
grade, higher, In fact, than those from |
any other Camp Floyd district mill.
The mines make wonderful shoWing.
retro l. advertising list OF delluqutnls
although II does not SHOW very large
number OF shafes. Work at the pro. /
peT,ie continues nj n satisfactory rate
aud the indications for tho iulufe are
good. Applications for gold dust oOu-
.lnues to dow In In Eratliyi mum
Ders and the success with which the
'pleudid company has been placed
before the Investing public Ia an evi.
ienco Of the esteem IN which Utah's
isst.class mining propositions are held
throughout the country. Orders for |
gold dust arc not confined 10 the
United Statoe, however, lat'erlng In.
luifies being received from foreign IL
'tsiots VINO have made heavy money
n Ulah securities.
ADJUSTMENTS.