The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-01-24
PoLLoCK's LETTER.
Review of the stock Market for the
Week.

Review of the Stock Market for the
Week.
James A. Pollock will say in his
weekly mining share market letter,
under date of January "a, 1896:
That promised improvement in the
local mining stock market is making
its appearance in good shape, and the
volume of business is very gratifying,
this being especially the case in the
outside order department. Utah's Sc
c11rities are Just at present attracting
no end of attention at the hands of
those investors who desire a remunera-
tive and reliable investment. The past
week has been a very good one and
the orders filled were numerous and
heavy.
The board of directors of the Ajax
has reinstated the 5 cent assessment
rescinded some time ago. The stock
was not very active but held its own.
Alliance is preparing for the coming
battle with the Silver King, and the
stock continues weak, ranging in the
neighborhood of 65 cents. Anchor is
making a good record at both mines
and mill, and the stock showed more
strength although little business was
done in it.
Bullion-Beck is making some heavy
shipments and the properties are re-
ported to be in good shape. It is an
ticipated that the earnings of the COM
pany will make possible an increased
dividend next month.
Splendid reports come from the Cen
tennial-Eureka, the statement being
made that more of the phenomenally
rich ore bodies have been opened up
on the 1,100-foot level. Stockholders
confidently anticipate the usual extra
double dividend on the 1st. Sales of
the stock We're readily made at $50 dur
ing the week.
Some rich samples of the recently
opened ore bodies in the Dalton were
received and the assays gave cry fiat
tering returns. The stock showed some
strength, sales being made several
cents higher than was the case last
week. The officers report a carload of
the high-grade ore ready for shipment
as soon as the srow will permit In
sympathy with Ontario which will pay
a dividend of 10 cents per share on the
31st, Daily Suffered up materially
There are people who anticipate
dividend as soon as the board of d.
rectors next meets. The properties
look well. Da1y-West is just getting it's
new mill into good working shape. De-
velopment work of considerable magni-
tude continues. Elco is reported to
have struck the vein, but more depth
will be attained.
But little Horn Silver is being offered
on this market. the highest bid being
around 81. Holders do not care to sell
at those figures. The shipment of ore
and concentrates continues almost as
heavy as was the case last month,
there being some reduction through
the working forces being reduced ON
account of scarcity of water
Mammoth is reported to have found
the high-grade ores for which the man
agement was looking on the 1,4OO-foot
level. The stock just about holds its
own. The improvements recently de-
cided upon are being placed 1t is an
ticipated that the new shaft of the
Morgan (Meears) will be in operating
order within the next week or two.
Little business is being done in the
stock. The deferred annual meeting
of the stockholders Oft the Mercur com
pany was held on the goth. the date of
the payment of the $25, 600 regular
monthly dividend. The report of
President Dern was Of most salts
factory character and was received