The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-04-03
PoLLoCK's LETTER
Weekly Review of the Mining Share
Market.

market.
James A. Pollock will say in his week.,
mining share market letter under dat,
Of April 3, 1896:
The stock market remained in practic
ally the same condition as during tn,
/ previous week The greater majority O.
| the stocks showed an upward tendency
/ out business was only fairly active. ex
! cept in few favorite stocks II now
] looks as though marked improvement
] VIII speedily follow all along the line
Anchor was in good demand at ad.
! Vanced quotations. The encoul aging show
ing at the properties and the good work
pelng done caused the Improvement
AJAX was only fairly active and toward
the end of the week an unfounded bear
movement resulted in a slight shading
The mines are reported to be in excel
lent condition Alliance and Silver King
VIII be before the courts for some days
1or the purpose of effecting a settlement
OF differences. The former stock was in
active as during the week before. A COM
parauYely limited amount of stock is be-
ing advertised as delinquent Gas did
not show any improvement worthy OF
note.
Bullion Beck continued on the upgrade
and closed higher than for some time
past. Nothing definite has been learned
regarding the April dividend. but the US
ual . cents per share is expected. Work
with the diamond drill has commenced
at the properties, which are in good con-
ditions Began was held very firmly but
there was only a limited inquiry. Cen
tennlal-Eureka stockholders were not sur
prised at not receiving their dividend
checks on the first, the option conditions
and absence of Secretary Chisholm be-
ing responsible for the delayed payment.
II can nos yet be officially announced
whether or not the usual payments will
be made during the life of the option, but
The general impression prevails that the
company will pay at least 81 per month.
Some high grade ore is being put out
and the properties are in admirable
shape. None of the stock is offered below
SO. and but very few share under $50
Dalton showed some weakness, due to
limited buying. Development work of an
extensive nature is being done at the
mines. The directors of the Dalton and
LAX hsve declared the second dividend
OF y cent pei share, payable on the 18th.
This stock has not advanced since coming
OIL the market but remains very firm
around 30 cents. Dividends will be regu-
lal, says the management. Daily was
very firm and showed considerable bust
ness. DAILY West reached the highest
point in its history toward the end of the
week, selling above 81. Dividend expecta-
tons are the, cause of the advance of
both Daily and Daily West.
Geyser has another suit S0n, although
the management say this will be easy TO
defeat The stock slumped off several
points, however, and closed weak. Gold
Dust is looking extremely well, although
the company has no report to make for
the present. Two shafts are being put
down on the properties. the work being
in the best of hands. The official an
nourfcement of the passing of Horn Sill
ver's quarterly dividend caused that
stock to show some weakness also. While
the company made about its usual profit
for the quarter. it was deemed advisable
to pass all surplus into the surplus fund.
Extensive development work is being
carried on at the mines. Another assess
men; has been levied on Lucky Bill. The
showing IN the property Is said TO be i'm
proved Little Pittsburg was active at
advancing quotations The assessment
was practically all paid. Eagle lost some
Of It's strength as a result of lighter ly-
ing.
Continued efforts on the part of hold
ers who bought in at low figures to real
lie on slow market We're again respons-
ihle for Mercur selling at shaded hgures-
All the properties within the
past few days have been of an extremely
important character, opening up quar-
ter of a mile of rich virgin ground in the
ter~riforv recently purchased by the om-
many. The regular dividend will come on
the usual date. Mammoth continued
strong selling around S2-30 again. On
tario paid its regular 10 cent dividend on
the 18th. This stock sold higher than for
many months and was in good demand.
Sunshine has not recovered It's lost
strength. Certain changes being made in
The method of treatment will undoubtedly
increase the saving of values at the mill.
Silver King was very strong. II VIII pay
is dividend on the 18th. Tetro displayed
strength on account OF IA
yorahle changes at the properties. Utah
and Galena We're both active at advanc-
ne figures. They will pay their usual div
dends on the 10th.