The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-28
PoLLoCK,s LETTER.
Review of the Mining Share Market
for the Week,


for the Week,
James A. Pollock will say in his
weekly mining share letter under date
of February %, 1896:
The stock market was healthy and
active upon advanced quotations. The
offerings were freely taken with con-
ffdent expectation that prices were go
ing higher and higher. This illustrates
the upward and onward spirit of specu-
lation which seems just now irrepressi-
BILE
Ajax made a splendid stride toward
the top of the ladder and at the close
of the week was not offered under $1.25
with over 81 bid. This advance is the
result of pooling of the heavy blocks
of stock taken in conjunction with the
good showing at the mines Alliance
was weak and little business was done
ia it. Gas did little. Anchor was
strong, with but little of the stock
offered and bidding quite active. The
work with the diamond drill in the
properties of the company is reported
to be making a gratifying showing.
Began stockholders have settled
their differences and practically agreed
upon an assessment. Work will prob
ably be resumed at the properties
without delay. Bullion Beck continues
the shipment of good-grade ore and
concentrates in about the usual guam
titles. The properties are reported to
be looking first rate and the diamond
drill work should commence at once.
The stock did some business with quo
tations slightly shaded, due to certain
holders being compelled to liquidate.
The usual special double dividend of
81 per share is anticipated by the Cen
tennial-Eureka stockholders on the list
of March. The properties are looking
better daily and the stock cannot be
purchased under $40, bids of S66 being
refused. Comstock is reported to be
looking considerably improved.
Experts have been sent down to the
Dalton for the purpose of making an
examination for the company. The
last report received was in effect that
the mines are looking very well, with
some ore ready to ship. The stock just
about held it's own. DAILY was in
splendid demand, with little of the
stock to be had under IS. Develop
ments at the mines and dividend eX-
pectattons are responsible for the in
crease in inquiry. In sympathy with
its neighbor, the Daly-West also
showed gratifying strength and some
considerable business was done in this
stock at advanced quotations. Daily
West is also looking extremely we'll.
Geyser continues it's mill work and
the report came in during. the week
that some new ore bodies had just
been opened up in the territory free
from litigation. Very little Horn Sill
yer was offered. At the properties
work of development nature are be
ing prosecuted vigorously and the
showing is said to be good. Ore and
concentrate shipments continue with
out interruption. Lucky Bill is adVer-
Using about the usual number of de-
linquents The assessment of one-half
a cent per share did not have "a de-
pressing effect upon Little PittSburg,
but, on the other hand. the stock made
an advance of about a cent The di-
rectors have announced that they in
tend to prosecute work as soon as the
snow leaves.
Mammoth has held its usual meeting
and the result is a settlement of all diff
f1culties among the heavy stockhold-
ers. The reports showed that the COM
panv is out of debt and that the pro-
perties are in splendid shape. The com
pany's net earnings for 1895 reached
the sum of $4,000 There was very
brisk inquiry for the stock which
made a great advance. selling around
50. Morgan (Mears) has nearly com
pleted its new hoist. Mercur continued
it's upward march. selling above $3.50,
with very little of the stock being of
fered Reports from the properties are
even more encouraging than ever
Ontario will pay another lucent div
idend, or $50 on the 29th. The
stock was very strong, selling above
the s12 mark. The mines are making
y, great showing, new ore bodies hav-
ing been uncovered in several places.
Rover continues development work.
Silver King was in good demand. but
holders declines to loosen. Sunshine is
working away with good success. The
stock was slightly weaker through
lack Of official information. Utah is
looking we'll and making heavy ship
ments.