Show STOCK nrARKET WAS FIRM Sonic Good Sales ere Made During the Week James A Pollock will say in his weekly mining share letter under date of Aug 9 The mining share market opened firm on Monday and mainta led its hardness until the close The pace seemed to be too rapid to hold at this season but if the public is strongly inclined to buy the weather does not play an important part The trenC of investment and speculation I specula-tion has apparently for many months I been in the direction of mining securities se-curities and judging from the heavy transactions being made in this market mar-ket and the encouraging reports that come from the others it must be gathering volume all he time From this T draw the conclusion that there will be no setback in prices In truth it seems that securities are held more tenaciously than ever and all efforts to bring about a reaction meet with no success People who sold for speculative spec-ulative profit find they cannot recover their holdings except at higher prices A few sales were made in Ajax at 40 cents and the shares closed at 23 cents bid and 40 cents asked I have reliable information that the present company owes a balance of 90000 on the purchase price of the property and of this amount 20000 must be paid in cash and the balance on the profit on ore extracted from the mine About twenty carloads of ore were shipped from the mine last month upon which a fair profit was realized The Development work now going on in the mine is adding to its value all the time Alliance advanced under spirited buying and sold at 140 closing cos ing at 133 bid and 130 asked A leading question is Where is the stock coming from I am under the impression that there is a short interest inter-est at work and that the manipulators of the deal will be squeezed on final settlement Offerings of Anchor at 325 did not prove attractive to buyers People who were eagerly bidding 10 a tew weeks ago for the BullionBeck will not consider an offer of 850 now mis property may yet reestablish its I prestige as a big dividend payer Cen I tennialEureka is steady with not much trading But always in demand Comstock rather quiet I the managers I man-agers of this property can find ore in paying quantities on their side of Scotts hill they have a surprise in I store for many of the oldtimers I familiar with the ore bodies in the Park I Daly does not move and hereJs no animation in the stock 6 is bid and 675 asked DalyWest sold at 650 and closed at 625 bid and 675 asked Horn Silver is unusually inactive I The mines output has been remarkably remark-ably heavy of late Mammoth is reported I re-ported to have cleared 20000 last month through the mill The stock remains quiet at 90 cents bid and 110 I asked Mercur continues the mot active ac-tive stock among the golds and is advancing ad-vancing steadily and ingratiating itself it-self into the good opinion of the public pub-lic Whatsoever may be the future of Mercur stock one thing remains and that so long as the mine maintains main-tains its present magnificent showing and the stock pays present dividends so long will ifc be a favorite among investors in-vestors Ontario notwithstanding the excellent showing being made is not selling The enforced calm may brine forth a storm ere long which will sweep the shares toward higher prices A large block of Silver King sold at 1425 The stock is very closely held The dividend of 25 cents per share or 37500 was paid on the 7th which makes a total of 287i00 paid to date SSdvo is attracting some attention since development work recommenced Ciiinaliar Mining Coin puny I John L Lawson A F Lawson William F Shelton James H Bacon of Salt Lake City and John McFar land of Mercur yesterday filed articles arti-cles incorporating the Cinnabar Min nig company with a capital stock of 100000 divded into 10000 shares of 10 each I John L Lawson holds 6093 shares John McFarland 937 W F Shelton 463 and A T Lawson and James H Bacon one share each John L Lawson Law-son is president W F Shelton vice president James H Bacon treasurer and A T Lawson secretary |