The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-06-26
poLLocK's WEEKLY LETTER.
4 Depressed Market and Trading
SfON and Limited.


James A. Pollock will say in his
weekly mining share market letter
under date of June 26. 1896:
The week in the local mining stock
market has not been all that was ex-
pected. and at the close nearly all of
the stocks on the list were somewhat
lower There were a few notable ex-
ceptions. The advice of successful OPP
orators is to always buy ON a weak
market and investors will certainly
make no serious mistake by buying
any of the investment securities when
they are in the dumps. Orders were
fairly numerous. This is a far better
time to buy than to sell.
Ajax has resumed operations AT the
mines and erything is now in first
class condition. The stock did conSiG,
cradle business but remained practi-
cally unchanged from the previous
weeks quotations. Neither Alliance,
Gas, Anchor nor Began did any bust
ness worthy of mention. Anchor was
offered quite freely slightly above the
81 mark. but there were few buyers in.
Bullion-Beck continued strong with
the demand quite active and offerings
fairly light. The output from the pro-
perties is making a very creditable
showing.
News regarding the outcome of the
Observation-Disclosures deal is still I'M
obtainable and it is hardly likely that
anything definite will be known before
the 10th of July. the date upon which
! the option expires. The energies Of
the company are being devoted en-
tirely now to development work and
! the showing in the mines was never
| better. 1t is understood that if the
option IS not taken up, heavy ship
ments will be resumed by the company
at once There was very little of the
stock on the market and none except
III small odd blocks. Dalton & Lark was
offered quite freely at so cents per
share and early in the week showed
a. tendency to break, some of the
| holders fearing that a certain bank
failure would affect tine payment of
| future dividends. The management
announced, however, that dividend
payments would be regular. and the
stock sold at about the usual quota
tons. An early assessment is now
anticipated on Dalton, and in con-
sequence the stock failed to show any
material strength. Work is continuing
at the properties and the showing is
reported to be quite favorable. There
seems to be no legitimate reason for
the delay in the payment OF the long
! tApCtltO D71. QlNIQGIlQ, lOI TIE COIIl-
pany is known to have a handsome
surplus. No dividend announcement
has been made. however, and it is not
known when the company will resume
payments. Only a limited amount of
business was done in the stock and
quotations were not materially chang
eo. Daily West was quite strong with
few sellers in the field.
Galena continued strong and was in
fair demand, with quotations about as
during the previous week. The Gey-
ser Marion suit is now on in the
courts and the fight promises to be a
very protractad one. 1t will probably
take several weeks 20 complete the
hearing in the lower courts.
Horn Silver was in good demand at
somewhat advanced quotations. Little
properties are in good condition and
making regular shipments.
AS was stated would be the case.
Mammoth has resumed the payment Of
dividends and on the 1st of July will
pay 5 cents per share, with every pros
pect of an extra dividend about the
middle of the same month The COM
pany is about to let contracts for a
new and latest improved hosting
plant and has sufficient money in the
treasury to pay for the same. together
with at least a couple of dividends
and still have a surplus of something
over 100000 The stock was very
strong during the entire week and
held its own we'll at the close, tn;
trading being very heavy. The feal
that the Mercur would, not pay the
June dividend caused a material de.
cline in that stock, and this. taker
with several forced sales, made the
stock weak The company is in a
splendid condition financially. anc
the earnings for May and thus far il
June have been very satisfactory. The
properties are in good condition ant
, being operated to full capacity 1t i:
not yet absolutely certain that the div
. idend for this month will not be paid
although it now looks as though tn,
company would place the dividend il
! the surplus fund for prudent and con
sentative reasons.
: Ontario failed TO regain the strength
lost during the previous week. 1t il
announced that this months dividend
will be paid on the usual date. Rove
made slight gains. Silver King con
tinued very strong with but little 0
the stock offered Sunshine Remained
practically unchanged, although tn
demand Cor the stock was fairl,
heavy, with only a limited amount of
feged. Swansea again sold UP to tn