The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-11-13
POLLOCK'S LETTER
Weekly Review of the Mining Share
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Market.
James A. Pollock will say in his
weekly mining share market letter, I'M
der date of November 13, 1896:
Transactions during the last few days
have shown the growing interest which
the public is now taking in mining
stocks. Immediately after the election
the result had tendency 10 depress
the strictly silver stocks, but SOBER
consideration brought TO mind the fact
that conditions have not changed ma
terially during the past year and the
consequence mas been an increased
hardening of the market. Gold stocks
are very strong and the increased IN
Quiry reflects the bent of the public
mind. The wave of confidence" that
started in New York last week is grad
ually working its way west and 1 look
for a strong demand for all of our best
investment stocks. The fancy of the
spectators during the coming year will
be gold mines, but silver Will come in
for due share of interest.
Ajax continued well maintained, al
though the dealings were probably not
SO heavy as during the previous week.
The properties are making a good rec
ord, the gold and cope. values in the
shipping ore running higher. Alliance
market, little or no business being done
in them.
Bullion-Beck has repeated its October
dividend record and declared a double
dividend of 80 cents per share. There
was no material change in the stock,
however. The ore showing in the deep
continues quite gratifying. A very
much increased inquiry for Centennial
Eureka caused an active bidding in the
hut
tied and the only sales were of odd
lots. The close was strong, with little
stock out. The November dividend will
come on the 18th. Both of the Days
were somewhat stronger. Although
nothing has been heard from New York
regarding the expected Daily dividend,
it is thought that payment will be
made for the past quarter this month.
Both DAILY and Daly-West are doing
well at the properties. Dalton and Dali
ton and Lark were unchanged. The
delinquent sale on Dalton comes on the
18th.
Notwithstanding the reported pooling
of the East Golden Gate stock under an
option, the stock did not recover any of
its lost strength and sold as low as l
cent. No improvement at the property
has occurred. Four Aces sold lower,
although the business in the stock was
y
development work. Galena has paid its
usual dividend of cents per share for
November The stock was about I'M
changed, although there was a slight
weakening tendency. Geyser was
stronger, on good reports from the
properties and the promised mill i'm
provements. Horn Silver was feature
less. Sales were made under the 50
mark in New York. Good reports are
coming from the mines. Lucky Bill is
said to have a better showing than ever
before in its history
Mercur was the strongest stock on
the list during the week and sold at
advancing figures from the opening.
The November dividend was declared
on the 9th. Even after the close of the
dividend books the stock sold above the
quarter, with the demand active and
only limited offerings. The quotations
should be much higher before the close
OF the month. Mammoth was very
weak, due to increased fears that this
months dividend will not be paid. Tt
now looks as though this authorization
was well founded. Ore shipments We're
hght- Ontario was stronger, although
the business done was not heavy The
Old Reliable is making a splendid rec
ord. Swansea paid its November 6ivi-
dend on the 10th. The stock was strong
and active, but made no advances.
South Swansea was stronger. Silver
King re-entered the dividend paying
list, paying its old amount, 25 cents peT
share, on the 9Th. The stock was held
out of reach of would-be purchasers.
On account of improvements being
made at the properties, Utah passed
this months dividend, but will more
than likely pay as usual next month.
The stock did not change much. al
though somewhat weaker, as was
naturally to be expected.