| Show POLLOCKS WEEKLY REVIEW He Notes a Growing Tendency to Iiivcvt in Mining Stocks James 1 Pollock will say in his weekly mining stock letter under date of Friday Nov 22 I The local stock market during the past week has been marked by a great I deal of activity and it is very evident that there is a rapidly growing tendency to invest in the steadily climbing mining min-ing shares now offered for sale on the local open market All classes of people peo-ple are giving the market considerable attention and among the investors are I those who have previous to this year never owned a share of mining stock I Some little movement was recorded in Ajax a number of transactions taking tak-ing place in the neighborhood of 45 I oents All of the reports from the property i i prop-erty are of an encouraging nature j i There was nothing new to record from i Alliance Development work is still going II go-ing on and it is the general opinion I that the ore is not far away I is I also thought that the assessment period pe-riod is about if not quite ended Nat is a lack of stability about the secur ural gas did some business but there is a lack of stability about the security secur-ity and comparatively few investors I are dabbling in it Some inquiries were made for Anchor hut the buyers I buy-ers and sellers did not get together to any marked extent BullionBeck knew no activity I Plenty of the stock is being offered at what would have formerly been called cal-led scandalous prices CentennialEureka is held in such strong hands that practically no busi I I ness is being done in the security I Stockholders look for the usual extra dividend on the first The great ore bodies of the Crescent are being sampled sam-pled in anticipation of a resumption of shipments from the mine itself While the grade of ore is low it is avery a-very desirable article for the smelters and will net the company a neat sum The shipments from the dump give net returns of about 8 per ton Dalton was the prime mover of the week Under a heavy bear movement the stock went down to somewhere near its old figures but this condition only lasted for two days when the change came under quiet offers from the well Posted people to take all that was offered below 10 cents The small sized panic was nothing short of silly No reports contradictory to the good ores of the previous week had been received in fact everything was reported re-ported to be in the very best of shape The 4 cent assessment talk is merely idle gossip the bylaws prohibiting an assessment of more than 1 cent per share The stock closed with a regain of practically all of its old strength The connection between the Daly and Ontario from the 900 foot level to the latter was made during the week and the water was also turned into the new water system I is anticipated that the opening up of the new country coun-try will result in much good for both properties Some extensive development work is being done in Horn Silver The main I shaft which is now down 1360 feet is to be sent down to the 1500 foot mark and then connected with the ledge The mill is doing excellent work Low quotations quo-tations continue on the stock but there is none to be had at the figures given Lucky Bill is still sending down its shaft and insiders are beginning to make inquiries for the stock Morgan will sell some treasury stock in order to raise funds with which to do some important work Shipments of high grade ore continue and the showing show-ing is said to be very good There were no new developments in Mammoth Mam-moth but the stock can hardly help but be a good buy at its present quotations quo-tations The mill is netting the com mi nettng pany 5000 per month and the debts I are practically wiped off Mercur was i quiet the slock moving around in the neighborhood of 650 with few takers Investors do not seem disposed to take any chances with the deal now on My advice to stockholders is to send in their stock for listing under the terms of the DeLamar option The company is sending out notices to the effect that the terms of the deal allow the minority minor-ity to get in with the majority at 750 Of course it is not yet assured that the deal will go but it now looks very favorable Should it fail there maybe may-be a slump There is little Sunshine in the market mar-ket and the price of that little is very stiff The mill has not yet got down to smooth ore treatment but the management man-agement say there is no question as to the high percentage of value extraction extrac-tion Quotations I For week ending November 221105 Stocks I Bid i Ask I Ajax is 1 asis I 50 Alliance I lK i lS I Anchor I 2651 I 000 I Bullion Beck I 650 750 CentennIal Eureka 5650 6000 Comstook 40 I 602 Daly 1 635 675 Daly West i 1 G30 67 Dalton I 15 18 Horn Silver 11 I 210 25i I Mammoth I 110J 115 I Mercur I fi25 70s j I j Ontario I SrOl I 1000 I Silver King 1423 14bO Sunshine I 8401 370 i |
