Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-12-21
Grand total. u..t26,6O5,53
Last year. &C.. co.. u.,$21, $685. GA

Il trond total, 81. ,,.S26 DNbh3b y.
Z Last year. 4" ,.., .,.S2l 3SbGi9 4
Observation-Disclosures.
row very much below the original sub
scription price. When its downward
course started those who had borrowed
on the margin, were requested to
margin up' by the banks and, az In
The case Of Uncle SAM this act Of
the bankers greatly helped to bring
about the slump aH many thousands
81 sh'roa woro throw, onto the wa
yerIng mar ct 7uch 80 Viz az the above
Ni'l be rGnamhue. ~ the public and
20 is gafo to 90. ulc sat Lake invest
cr win not blIndly jurn at every pro-
position presented In the future,
EYES OPENED.
While the above are Illustrations OF
some Of the serious conditions en-
countered In the mining business they
have not affected the Industry very se-
riously Probably the ardor Of nves-
tors IN mining stocks may be dampen-
cd, but present prices Of stocks are
too low to remain there for any length
of time
EFFORTS TO BETTER,
Since having suffered from the bane-
fu effects Of the depreciation of stocks
investors and brokers have been looking
for come means Of lettering conditions
First OF all there were charges mud
counter-charges Of unfairness passed
between brokers, mine owners aud in
yestors and for time there was a
three.cornered fight 10 zee where the
blame should be laid The owners said
the brokers were In the habit Of spread
ing injurious reports about mines for
the purpose Of reducing The selling
prices Of stocks in order that they
might make delivery on future sales
at a big profit to themselves. IN their
turn the brokers declared that the mine
owners were to blame for the slump In
that they we're too retlcent about the
true financial and physical conditions
OF their properties, and that
upon the detection Of a SHADY
state Of affairs IN one mine
the public was prone 10 be-
lieve that all mining companies were
"tarred with the same brush" 80 to
speak The investor blamed both the
broker and the miner, but Inclined rath-
err 10 bestowlng upon the former his
most distinguished charges OF unfair
ness. Between the three and the news
papers (some Of whose writer's, by the
way, had been unfortunate In
their dallying with the goddess
of fortune az represented In
mining stocks) there was some-
what OF hubub created; and out
of 1t all came the determination of the
stock exchange TO abolish future"
business, both In the buying and SELL
ing, and the move to secure financial
from all companies repre-
scented on the board.
WILL SOON PICK UP.
Notwithstanding the little troubles
and nurries that have annoyed the min
ing fraternity there Is no question but
things viii equalIze themselves In ma
tural way and that business will settle
down TO good. solid basis, with linz
proved prices In worthy instances and
demands for stocks in Utah's
superb aggregation Of mines. These are
being added TO continuously, and TO all
human ken there Is as yet in sight no
md to the wealth that must come to
he miner from the depths OF known
and unexplored ground.
ONLY BEGUN
In fact, mining IN Utah, although
having been conducted in a desultory
manner for a number of years, Is even
low but in its infancy. Already there
IRE known immense beds of low grade
re that remain undeyeloped and idle
,ecause Of lack Of transportation IA
lllies. one such district alonc-Deep
'reek contains such enormous deposits
4 those ores ne would, II worked to
hat extent keep one railroad track
here and there continuously
He'd with moving trains carrying moth
ne more than Deep Creek ores. aud
hose mineral deposits would produce
illlons IN money 10 be added to tho
feath OF what is becoming one Of the
reatest mining communities in the
'orld
EXCHANGES INFLUENCE.
The Influence which may be cScrtad
" the exchange upon the mining in-
ustry may be made a power for good
r II may result in injury TO the BUSH
css unless properly restricted Hon
sly Of purpose and absolutely fair
ealing are the principal necessaries TO
be- retention Of the publcs confidence
. the mines and Che brokers' II is the
biect, primarily, Of all the members Of
he exchange to keep this end in view,
nd II wanderngs from the prescribed
ath have occurred they have usually
cen the outcome Of thoughtessness
lther than the result OF wllful premed.
alton