The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-11-27
PoLLOok's WEEKLY LETTER.
Review of the Mining Share Market
For the Past Week.

For the Past Week.
James A. Pollock will say in his weekly
mining share market letter under date of
November q, 1896:
This weeks market was extremely
strong with the higher grade of stocks
leading on large transactions. The adj
vance was big, quick and decisive and the
market displayed a steadier tone than has
] been characterized for months past An
is IN evidence and local strong interests
! are taking advantage of market condi-
lions to quietly absorb stocks.
mere is but little sentiment in the buy
ing, the paramount influence being, ap-
parently, TO get in before stocks touch a.
! hlgher level of values. | trust that the
that the genial effort to improve trade
conditions will be reflected in a perma-
nent strength well maintained.
AJAX was slightly lower in the offer
! ings, with only a small amount of the
stock out. Some splendid shipments of
good grade ore, are coming from the
properties, which are looking very well.
Again did Alliance and Anchor remain
inactive, with absolutely no inquiry for
the stock. Bullion-Beck continued strong
and quotations ended the week fully 81
above the market price of three weeks
ago. The splendid showing at the mines
and anticipauons of many performances
such as that given by the company on
dividend day are keeping the stock both
active and strong.
There is practically no Centennial.
Eureka in this market at present. Would
be buyers have about given up their en-
beavers TO secure any of the security at
old time figures. The company is MAX
ing the usual shipments of very high
grade ore and pays regularly the usual
dollar per share monthly in dividends.
Daily stockholders are still looking for
that anticipated quarterly dividend, which
should have come on Wednesday, accord
ing to their calculations of quarterly pay
mentS. 1t seems that the dividend paid
in August was declared in 1893 and re-
scinded. No Information as to when pay
ments will be resumed can be obtained
at the local offices. The company is
doing well as usual, and the stock re-
mains firm. Daily West was firm, with
buyers and sellers not very close to-
gether Dalton was slightly stronger on
limited buying. No news has come from
the properties for some time.
Galena was about unchanged, with only
limited dealings in the stock. Several
shipments of high grade ore from the
properties were on the market Geyser
has about completed its mill increase.
of 100 tons per day. The stock was not
very active but remained firm. Horn
Silver continues slow. In the east there
is a reported increase in inquiry for the
stock with sales at advancing figures.
Lucky Bill continues firm, although in
active
Continuing in it's course of the past
several weeks, Mercur advanced to and
above the 81 mark, but with the close
came slight reaction. The showing of
ore at the mines of the company has
never been nearly as great as at present, |
and the company is making an exception |
al record for economical operation and
increased production. AS indicated by |
me would be the case, Mammoth passes |
its November dividend. This action had |
been discounted by holders, however, and |
the stock did not change materially. 1t is |
now likely that payments will be de- |
ferred for one or two months more. I'M !
provements being made at the properties |
are responsible. Northern Light con- |
tinues quite strong at the 50-cent mark. !
The mill is now enclosed Ontario has |
declared its November dividend of 10 |
cents per share. 1t is reported that the
Sacramento will float 10000 shares OF it's
treasury stock at once This company's
properties adjoin those of the Mercur and /
operation.
Swansea was in good demand, but at
quotations, while South
Swansea sold at slightly higher figures.
Silver King was very strong, with ex-
tremely light offerings. Sunshine did con-
siderable business at about last weeks
figures. a slight increase in interest was
ncred. Official statements are TO the ef-
feet that the showing Of ore is very graft
flying and that the mill is working quite
sa satisfactorily. No steps have been taken
toward the promised increase in capacity.
Utah was unchanged. The manager re-
ports a very favorab ole change at the
properties some new discoveries of high
grade ore having been made.