The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-05-01
PoLhocK's WEEKLY LETTER.
The Stock Market Firmer and the
General Feeling Good.

The Stock Market Firnier and the
General Feeling Good.
James A. Pollock will say in his
Weekly Mining Share Market Letter
under date of May 1, 1896:
Taken all in all the past week in the
local STOCK market has been an ex-
tremely active one with an increase in
both local and outside buying orders.
With very few exceptions, the stocks 3
OF the entire list were materially
stronger, while the advance in some
of them was very marked. The close
was firm and the demand active
Ajax was strong in the bidding with
comparatively light Offering. 1t is
reported that recent developments in
the mines have shown up some very
extensive and high grade ore bodies
Alliance did comparatively nothing, al
though there was some demand, but
not at figures which holders care to
accept. Anchor is reported to be look
ing very well and there was consider
able inquiry for the stock. Gas was
without activity.
The inquiry for Bullion-Becl was
strong. There is very little of this Sc
curity now being offered and none
under 81. Work with the diamond drill
is progressing very satisfactorily and
it is anticipated that some good ore
bodies will be opened up in the ground
now being explored. Shipments con-
tinue regular from the mines and mill.
Began has suspended operations pend
ing the placing eli a pump of sufficient
capacity to take care of the water in
the shaft. Ore shipments from the
Observation-Disclosures are being slightly
increased, although it is not the aim
of the company to take out more than
just sufficient to pay operating and
general expenses, pending the result of
the option. An extremely limited
amount of stock is now being offered.
Dalton & Lark was without special
activity. 1t is understood consider
able of this stock has been placed in
the east at about 80 cents. Dalton
was very active, with no material
change in quotations. Reports from
the mines are of an encouraging nature
and holders are awaiting the COM
mencement of ore shipments with
considerable interest. Both DAILY and
Daly-West are now held at about the
same figure, with the demand for both
active and light offerings Of the stocks.
Just when these stocks will commence
dividend payments is, of course, rather
uncertain, but it should not be very
many days now.
Eagle remained practically unchang-
ed, although there was considerable
business done in the stock. A new
stock, the Four Aces, came onto the
market during the week and sold up
very rapidly. The properties are To-
Gated in Tintic, adjoining the Swansea
and are now shipping high grade ore.
1t is understood Galena will pay $1,000
or 5 cents per share. in dividends on
the 10th of May. The stock sold very
we'll up. Geyser was stronger in the
bidding with some business done at
slightly advanced quotations. There
was considerable inquiry for Horn Sill
yer with very light offerings OF stock
and everything at the properties is re-
ported to be in the very best shape.
Little Pittsburg did considerable bust
ness but at about the previous weeks
quotations. Lucky Bill is advertising
about the usual number of delinquent
but it is anticipated that
there will be no stock sold at the de- ]
linquent sale.
Mercur was stronger during the week
with large volume of business and