The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-04-17
TIE Chicago Board,
PoLLoCK's LETTER.
Weekly Review of the Mining Share
Mlrket.


James A. Pollock will say in his
weekly mining share letter. under date
of April II. 1896: &
The past week in the local stock
market has been an extremely active
one and the tendency was upward all
along the line this being esnecia Ily
the case in Mercur, Mammoth SIM
SHINE, Ontario, Silver King, DAILY West
and Dalton. Outside orders were M.
merous and some of them very heavy
1t looks like the spring boom had
opened in very earnest and should
such prove to be the case Investors
may expect to see some important ad-
vance, other than those which have
taken place.
Ajax was stronger, with increa sod
inquiry. Everything at the prope-ties
IS reported to be in splendid shane.
Anchor was held very firmly. but the
volume OF business done in The stock
was not very great. The report of the
playing out of the natural gas wells
had a depressing effect upon the stock.
but the story rs denied by officers of
the company. The whole trouble is
PROBABLY due to the desire to make a
chdnge iii old contracts. Alliance was
quiet. Some work is being done at the
properties.
Bulnon-Beck has not as yet declared
Its April dividend, and as the company
is DESTROYS of building UP a surplus.
something it has not been maintainine
OF late, it now looks as though the pay
ment would be deferred until about
the lst of the coming month The
otilcers are not yet ready to make an
ofhclal statement, however as to lust
when the dividend will be paid. The
properties are looking well and ship
ments are somewhat increased. Began
was quiet. Centennial Eureka will
pay its midmonth dividend of 81 Der
share on the Goth, by which date Sec
rotary Chisholm will have returned
from California. The company will
hardly pay more than 81 per share
monthly N dividends during the life of
the option on its properties, which
runs until early in July. The stock
was held very firmly, sales being made
Of odd blocks at SIS with ONLY light
offerings. Dalton & Lark paid its sec
ond dividend of one-half a cent per
share on the 18th, making a total of
$4,000. During the closing period of
the week Dalton made some rapid ad-
vances, closing in the neighborhood of
10 cents. The properties are reported
to be in splendid shape, with some
shipping ore almost ready for the mar
ket. Daily was very strong, with the
demand active, sales being madesat So
and even better. Nothing new has
been heard regarding the anticipated
dividend. DAILY West made good gains
IN the biding, sales being made around
$3.50, with the offerings of stock linn
tied. The mines and mill are in splen-
did condition and the well-posted are |
On the lookout for early dividends.
Eagle maintained its gain of |
strength, selling higher than for ten
lays past. Galena attracted consid- |
srable attention and was in good de-
nand. This company has Just been
listed with the mining exchange It's
'eport was very f1attering one Gey-
ser remained practically stationary.
toward the close of the week
bidding was higher. Horn Silver did
title business, holders and buyers re-
using to make necessary concessions.
Shipments from the properties are be-
ng maintained in good shape, with
he development work progressing
icely. Little Pittsburg was active.
tut at slightly shaded figures.
Mercur was very active, at advanc-
ng figures. the close being above 81.
With ouly a comparatively small
mount of the stock offered. The April
ividend having been passed for
PRUDENTIAL reasons, the announcement
} now made that it will not be neces-
airy for the company to pass another
ayment even during the erection of
he prospective new mill Mammoth
ras the great gamer of the week, sell
lg up to So from S2.15. This advance
Tas due to divide4d expectations and
cry favorable developments in the
roperties. In the lower depths the
Ugh grade gold ore that has made
ne Mammoth famous has Just been
pened up, and shipments of the high
rade rock are now being made While