Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1897-02-05
Swansea at 81 50. Total srarea sold,
i,SVO; selling value OF stock s4s2 so
Aho Tone OF thu Local stock Market
Somewhat Improved.

Tho Tone OF thu Local stock Market
Somewhat Improved.
James A. Pollock says in his week y
mining share market letter under
date OF today:
Inc tone OIL the mining stock market
ihis week was somewhat improved,
the improvement being due largely to
the general inclination OF the specu-
latlve element TO trade, rather than 10
any material changes or betterment at
tie prOpertis7. Tue nigh grade stock
maintain their ugual strength o. In
vestment buying. hut the lower ,rlce1
securities give evidence OF Eianipula-
tlDu anu in market 80 sensitive As
this the effort on the part OF the
msnipulstors is usually attended with
success. Business in the east Is not
ut all what 1t shonl1 be and while
there Is plenty Of idle money but
little ID coming out ior Investment.
Under such CONDITIONS, II 10 not eX.
pected that any radical change VIII
take place here.
Ajax sold slightly lower duriug the
week, but closeu with frmer tone.
The properties are looking very well
indeed anu some very high grade
shipments are coming out. Alliance
was ieatureiess and Anchor also re-
| mnined ineclive. There was some
| Inquiry for the latter, however, hut
only slight business resulted. Began
| did nothing.
1t is expected that Bullion Beck
VIII make heavy dividend payment
this month AMI on this expectation the
| stock was very materially higher. The
| properties are looking exceptionally
well, especially on the lower levels and
an average output OF so tons OF ore IL
being mai tained. Buckeye 1uOtuatei
| somewhat ana was not In heavy de-
| mand. AT the annual meeting OF the
Centennial Eureka the old fficers were
reelected. The report showed receipts
OF Si6l ,2l2.SS Tor 1896, dividend pay
ments OF $500, 900 enu cash reserve OF
$40, 202 80, with ore in transit. The
expenditure outside OF dividends
| amounted TO Sl3S, or 40. The mines
were reported TO be In splendid con-
dillon. Daily was about unchanged,
with considerable demand for the aloCk.
IDe drain luBnel is nearly through the
| comDauy'a ground anu the properties
\ are looking we'll. DAILY West remained
in good demand at the old figures.
Dalton and Lark did nothing Of ln-
l
although the business dlns in the stock
was lairly heavy. D,xter, whose
| properties are In Nevada, showed con-
| siderable activity.
| Four Aces went still Liver, but
close1 in lair demand at the govern
ing price. GRlena sold materially
higher. 1t is not yet known whether
the February dividend viii be paid,
hut the company 10 doing well and the
properties are making fne chewing.
Seyser has settled all its legal diff.
culties by combining with the Marion.
The stock showed tue good effect and
sold 80 per cent higher. Both mills
will he operated MS before, but the
Geyaer plant will probably be larged.
dOfn Silver was Ia greater uemRnu,
with very little stock offered. Little
Plttsburg was very active and sold
higher.
Mercur wss not active and will not
be until after the option date expires at
the earliest. Ii is eeml-Uflicially report
ed that ehould the sale not occur be.
lore the 10th inst, the usual dividend
Will be paid on tho date named. Mann
moth sold oil guile heavily, Tor no goou
reason, but at the clusr had recovered
its strength. The annual meeting has
just been held and the old Ulcers re-
elected. The report shower the nel
earnings OF the company for 1896
to have been Sls5,000, OF which
500, 900 was p2iI IN ulvidends. Al
the mines the ore showing lB better
than atapy other time within the pas,
two years. Northern Light is nearly
ready for mill operation. The STOCK
was somewhat weaker. Ontario was
only lightly offered, with the demand
good at somewhat better figures.
Rover was little lower. Work ia
being pushed at the properties. Sun.
beam nuc uated somewhat and was
not In sotive demand. Silver King
Will pay its February dividend OF 20
| cents per share on Monday. Some
very favorable changes have occurred
In the ore showing ut the Sunshine,
aud the stock was somewhat more
firm. The passing Of the SWANSEA
dividend sent the stocI very mncn
lower anu the inquiry was hot active
even at the depressed price. South
swansea was also lower, selling at
practically the same price us its neigh.
Dor. Sacramento has declared lis
February dividend OF one.halt cent
per share. Utah was very much
stronger. This change was due to
dividend expectations, coupled with
much better showing at the properties,
from which SONS very high grade ore
Is coming.