Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1897-01-29
PoLLoon's WEEKLY REVIEW.


The Market DuiI, Weak and Lowor,
hui Dsciines merely Fractional.
James a. Pollock says in his weekly
mining share market letter under date
OF today:
The mining stock market this week
WAS dull, weak and lower In the npec.
ulative stocks, although the declines
wero merely fractional. The Invest
ment stocks were steady. There
seemed TO be disposition to let the
market take care OF itself. A lack OF
support by local interests and but linn.
lieu foreign buying combined to make
the market what 1t was. / regard
tile depression as but temporary. II
the pending deals of two OF the great
properties OF the state are g mpleted
several million dollars viii be seeking
new Investment and this viii prouuce
sirOBg buying movement that must
eventually advance prices. Tue mar
ket Will bear close watching during
the next few weeks aud there VIII be
many opportunities presented for
quick turns.
For no good reason, a. lax was some.
what lower. Thia Is but repetition
the recent history OF tue stock,
however, aud the recovery when II
dUcs come win come with a RUSH. On
ihe strength Of the splendid showing
being made by the company, the STOCK
SHOULD be good buy, especially upon
all recvesiOns. Anchor was stationary
anu not active, while there was
slight increase la inquiry for Alliance.
This latter etUck has been very quiet
for months and there 10 little or no
raugnu Tor MN
was lower again. Little or no change
occurred In Bullion. Beck, but the
close was somewhat strOnSe-. The
company has maize good production
record for January anu the properii les
are looking exceptionally wei. Buck
vyo sold up several points about the
middle vi the week ON bull reports
from the properties, but the close WAS
slightly weaker.
Centennial Eureka remains in
active, for the reason that none OF the
atock remains on the market. Regu-
lar shipments Of high grade orc are
coming from the mines. Daily was
only fatty sciive, bat the stock con-
tinueu In good tone, with very limit.
ed offerings. Its present price sug.
2ests the al INSTABILITY VI buying at the
nanda OF holdets whose stock cost
them many times this weeks quota
tionr. DAILY West is again shipping
high gra1e ore. Considerable inquiry
Tor the stock, both local and outside,
held prices Very firm. ID ilton ami
Lark showed little activity and no
ohange in prices. Dalton has elected
new board Of directors at It's annual
meeting just held. The stock was not
strong. East Golden Gate stockhold.
ers have not paid the recent assess.
ment, now delinquent, very generally.
Heavy selling caused Four Aces to
show additional weakness and the
close wss far down. There were more
buyers Tor Galen0, but quotations
changed little. Work on the new
shalt and hosting plant is TO com.
mence at once. Geyser was In better
demand, with sales at higher figure.
Lucky Bin was somewhat lower, on
account OF the recently levied assess
mept, Little Pittsburg broke very
heavily on account OF manipulation,
Operations are to be resumed at the
properties soon anc experts who have
examined the ground say it is the
making OF producer.
TO the TACT that practically all the
stock has been tied up under the
option, Ia alone Que the failure OF Mer.
cur TO cut much figure In the market
during the week, there being few
sellere In. No new developments
occurred In connection with the
option, and It seems reasonably certain
that the deal will go through. Man,
moth was shaded few points, but the
market very readily absorbed all stock
offered at cut prices and the close was
stronger. The company Will probably
next week commence shipping some
OF lite high grade gold ore. Northern
Light suffered somewhat anu did not
close AT last weeks ligureB. The mill
is expected to commence operations
next month.
Ontario was in better demand, with
the stock very scarce. The January
dividend will be paid III New York on
Saturday. Rover held Its own on
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