The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-07-03
PoLLOCK's LETTER.
Review of the Mining Share Market
For the Week.


For the Week.
James A. Pollock will say in his week.
" Mining Share Market Letter under
date of July g. 1896:
The mining stock market for the past
week knew few changes of note from the
conditions existing curing the previous
same period Attention was largely
SlHen by local investors to the cheaper
and speculative stocks, outside orders
nanny keeping up the purely investment
portion of the list. Last weeks state
ment that this is far better time to
Duy than to sell is still in full force
Furchasers OF stocks in the investment
section can hardly make a mistake.
Ajax did some considerable business at
about the previous weeks quotations.
Operations are now in full SWING at the
properties and the showing beng made
IS very creditab.e. Alliance, Anchor,
Began, and Gas were all Quiet and did
little. Buliion-Beck will pay its 10 cent
dividend about the middle of the month.
The properties are making a splendid
record ct production and are looking eX-
remely we'll.
Centennial Eureka is practically out of
the market and Will continue so until it
IS definitely known how the option is
going. There IS no news regarding the
deal. Shipments are not beng made from
the properties but they viii be resumed
with Vigor after the 10th instant Dalton
d Lark will pay its monthly dividend of
p cent per share on the 18th. The stock
was slightly jaded during the week,
selling at the lowest figure IN It's history.
The offerings below % GEMS were not
heavy, however. Dalton continued weak.
Both Of the DAYS heid their own, al
though Daily West has become the
stronger of the two. Failure of the ex-
pected dividend payment is holding the
Old DAILY down, While anticipated divi-
dends IS strengthening Day West. Both
companies are producing heavily.
Eagle did liGIte worthy OF notice. -Four
Aces was considerably weaker, with few
buyers in the market. The cognpany's
properties are reported to be in good con
dition. Gaiena d-d some business but at
unchanged quotations. The company is
receiving some good shipments from its
mires. The usual dividend OF cents per
share is expected for the 10th instant.
Geyser was not in demand pending the
determination OF its Issues with the
Marion, now in the hands of the court.
Horn Silver has passed its quarterly
dividend, winch should have been pad
on the last day of June. The reason
given is trouble with the comp2ny's en-
ployeeS. This trouble has been adjust
ed, however and there seems to be no
reason why the dividend shcrld be de-
layed more than one month longer, at
the most. The output from the proper
ties IS now reported to be both heavy
and satisfactory. Little Of the stock is
being offered. Mammoth paid its dividend
on the 1St day of July, making total
of $l,010,0G0 to the credit Of the com
pany. At least cents per share will
hereafter be paid monthly. with every
prospect of an occasional extra. One of
the latter IS looked for in this month
The company's properties are in admir-
able shape and the shipments are MAX
ing a great record. The stock continued
very strong during the week The Mer-
cur earnings which would IN the regular
course of events have been distributed
during June went into the surplus fund,
thereby Engineering the financial con-
dition of the company, but the company
will pay the usual amount on the usual
date in. this month. The labor troubles
seem to have been entirely d.ssipated
and everything is being operated to full
capacity at the properties There was
little change in the stock. The offerings
were not very heavy although the quo
tation was somewhat shaded. 1t is
anticipated that the stock viii take
sharp advance within the next fifteen
days.
Ontario paid its usual dividend of 10
cents per share on the last cay OF June.
The stock continued somewhat weak.
the stock he'd high. The company will
pay its dividend of % cents per share On
the 7th Sunshine continued quite
strong. The directors will probably meet
this week to order the Increase Of the
mill capacity. the process now being
quite satisfactory, with the saving OF
values fully up to expectations. Swansea
was considerably stronger and sold UP
TO above the $3.50 mark again. Utah was
without special change. South Swansea
attracted considerable attention and
made good advances. The properties adj
join the Swansea.