The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-01-17
PoLLoCK's LETTER.
Review of tbs Stock Market the
Past Week.

James A Pollock will say in his
weekly mining share market letter
under date of January II, 1885,
The past week in mining stock circles
has been characterized by a very salts
factory activity and the demand for
stocks has not been confined to any
particular line, except that the cheaper
or speculative securities have rather
had the call. Orders from the outside
were not as numerous as was the case
during the previous week, but it is
anticipated that there will be a great
activity just as soon as the financial
situation in the east is improved by
the settlement of the many pending
questions.
The board of directors of Ajax re-
scinded the recent assessment of 5
cents per share, the report being that
the mine has so improved that the
heavier shipments can be made. The
stock held its own only during the
week, the tendency being slightly
downwards. Alliance did not recover
it's lost strength, buyers and sellers
being unable to get together to any
marked extent. The stock is now sell
ling lower than for many months.
Stockholders are displaying their old
faith however, and paying the
twentieth assessment. Gas displayed
considerable strength and recorded an
advance of several cents. The annual
meeting is to be held tomorrow. The
company reports another well. Anchor
showed no activity. This stock should
be splendid buy at the present Of
ferings.
Began did some business, but not
at advanced quotations. Bullion-Beck
paid another dividend of $4,000 on the
18th, making S1,975,000 for the pro-
perty. The properties are In splendid
shape.
The regular double dividend of 81
per share was paid by the Centennial
Eureka on the 18th. making total of
s., $50, 900. Very little of the stock is
on the market and none below $50
Crescent and Comstock are doing no
business in the local market.
Dalton was a favorite during the
week. but at considerably lower prices
than were in force a few weeks ago.
The heavy holders have no desire to
sell at anywhere near present figures.
DAILY and Daly-West were neither very
active. The new mill of the latter is
working smoothly but has not yet got
ten down to full capacity. Horn Sill
yer is making heavy shipments. The
stock is not coming out in response
to the bids made. Lucky Bill continues
development work with little change
in the showing.
Mammoth held very close to it's re-
cord of the week previous and con-
siderable business was done in the
stock Morgan, of Park City, was
wanted but not at the Offering price.
The Mercur deal was declared off the
first of the week, the board of direc-
tors declining to grant the extension
requested by De Lamar, who stated
that his failure to connect was not the
fault of the property but simply due
to the financial uncertainty of the east.
The usual monthly dividend of 121a
cents per share comes on the goth. Re
cent developments in the mines Of the
company are of a highly encouraging
nature and stockholders are congratu-
lating themselves that the option was
not taken up. Ontario was very quiet.
Rover showed some weakness, but
recovered somewhat towards the close.
Silver King was in demand, but lit
tie of the stock came out. The mines
are making a splendid showing. Pre-
parationS are being made Of the COM
ing battle.
The shipments of product that have
been made from the Sunshine in Camp
Floyd district have given very fatter-
ing returns. The cyanide saves the
values in the ore to very high per-
centage. Dividends should not be
more than two months away. as the
company has no debts. Considerable
stock changed hands during the week.
Tetro will double it's present working
force within the next few days and the
company proposes to rush the de-
velopment work with great vigor. The
subscriptions for the Gold Dust treas
ury stock took the entire block re-
Gently ordered sold by thes board of
directors and no more of the remaining
shares will be sold for the present.