The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-10-23
CALL OF UNLISTED STOCKS.
roLLocl<'s LETTER.
weekly Review of the Local Mining

James a. Pollock Will say in his
weekly mining share market letter IN
der date of October %, 1896:
While there was no material change
from the conditions which existed at
the close of the previous week, the
improved feeling was again noticeable
in the mining stock market, and the
indications for a continued improve
ment are still favorable. With one or
two exceptions, all of the stocks on
the list are splendid buys on recessions,
be they ever 40 light, and many good
purchases are going begging at present
quotations.
Ajax continued to advance upon
heavy buying and continued improve
mant at the properties. The company
has good board of directors, the cleo
ton having just been held, and
number of material changes for the
better are contemplated. The stock
should be selling higher. Anchor has
ceased operations entirely, due to the
low prices OF the metals, and the stock
showed q slight decline, although but
few sales were recorded. Bullion-Beck
was slightly shaded after the payment
of the October dividend. Good reports
continue to come from the mines.
where the production of shipping ore
lively little business being done in the
stock, Centennial Eureka quotations
are well maintained and few offerings
OF the stock are being made. DiVi-
dends are regular and at the present
asking quotations the security is pay
ing 20 per cent. Everything at the
mines is in splendid condition
An adjournment of the assessment
sale Of Dalton for thirty days was or
dered by the directors. Some work is
being done at the mines, but no new
reports have been received. Daily re-
manned about unchanged. 1t looks like
q good buy at even higher quotations
than now exist. The showing at the
properties is everything that could be
DESIRED. Daily West was strong, as
usual, the demand being even heavier
than during the previous week. East
Golden Gate did n very heavy bust
ness in point Of shares transferred, the
quotations ruling close to . cents.
Fears for the future ownership of the
properties are reported to be the cause
OF the very general unloading. Just
what the drill is encountering is not
known on the street, but the very gen.
eral impression is that no values have
yet been shown up. -Four Aces showed
little life.
Contrary to expectations, Geyser did
not maintain itself after the decisions
of the court in its favor had been given
and the stock was offered quite freely
at the close around the bidding figures
of the previous week. A number of
mill improvements are now contem-
Mated by the company, and the stock
looks like d safe investment, provided
buyers VIII take some chances with
the future of the suits. Galena is
making its usual shipments of high
grade ore. and the stock was about
unchanged. Horn Silver was quiet.
Lucky Bill was not very active, al
though little of the stock was offered.
Little Pittsburg was slow.
Mammoth has declared its dividend
Of cents per share and will pay on
Nov. >. The stock showed some weak
ness during the week, but recovered
With the declaration CT the dividend
and closed fairly strong. Only small
amount OF shipping ore is being put
cut at present. pending shaft improve
lnents. Mercur paid its October divi-
dend or. tne goth and the stock con-
tinued strong, with only limited offer
ings. Another development of an i'm
portant nature occurred during the
week. Ore carrying the highest aver
age values the company has yet had
was encountered in large quantities.
Stopping has been entirely discontinued,
all ore taken OIL coming from the de-
velopnent work. The ore reserves are
Increasing all the time. Ontario was
only fairly active. Overland is pushing
development work.
Sunbeam OF Tintic was quite active,
but showed q decline at the close. The
mine is looking we'll. Silver King was
practically out of the market, with
quotations we'll up. Sunshine was
slightly shaded with limited amount
ofastocl1 out. Better reports are COM
ing in regarding the properties. Swan
sea did considerable business, but at
unchanged quotations, while South
Swansea was in better demand and
made some advances in the bidding.
Utah was strong. Its shipments con-
tinue 10 be regular and Of good grade.
Utah Consolidated has just bought in
new properties and viii not declare its
October dividend.