The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-03-09
In Fine Condition,
MANHATTAN STOCK RECORD.
Wonderful Advances Recorded by
Properties Hardly Month Old.

| Special 70 The Tribune
MANHATTAN. March S-That the
PUBLIC is getting run for its money
in Manhattan is amply demonstrated
! by tho marvellous advances In all the
| securities OF this section made within n
| few weeks. Nevada mining stocks.
those OF Tonop1h. BulfroE and Goldneld
have established q record for sensational
advances, but the movements OF the
shares of the loading properties in this
district easily eclipse anything OF tho
kind known in Nevada o. in any other
country, for that matter
Less than sixty days ago Manhattan
Consolidated. with the usunl Nevada
capital OF n million shares OF the paT
value of 81 each. was placed on the mar
ket in big blocks at . cents n share.
II advanced steadily and the quota
tionS on the San Francisco and Cold
field stock exchanges today are 92h
cents bid and % cents asked Stray Dog
Gold Hin Mining company, which was
sold to the first investors at q cents, Is
50 cents bid and IS cents asked. locally.
Because of n difference existing among
the shareholders this stock has not yet
been listed
Manhattan Dexter, owning Union No. Q,
was first offered 10 the public at % cents
and is today " cents bid and -
cents asked. Manhattan Mining has ad-
Yanced to u cents bid and 20 cents asked.
or over 100 per cent advance over the
price OF the first Notation. Scylcr-
Humphrey, which was put out six weeks
ago at from 70 TO 80 cents a share. has
San Francisco and Goldneld stock ex-
changes yesterday at IS cents bid, despite
the fact that more than 10000 shares arc
In the hands OF the public.
Without my exception, every notation
from Tonopah or Goldncld OF Man
haitian company. 10 date, has advanced
in price since the first offering OF treasury
shares This may be regarded not
short OF remarkable when IL is re-
called that but few OF them arc more
than six weeks old. and ten weeks
ago was tho earliest that any OF the
stocks were offered to the public
Charles NJ. Schwab has taken blocks of
stock in several companies. the result
OF his recent visit to this section. One
OF the notable features OF the trading In
Manhattan stocks Is the fact that the
bulk of the shares has been purchased by
For the most part these investors have
made fortunes in the mines of the two
older camps, and have representatives
on the ground to keep in close touch with
the developments and progress made with
every large property in the camp.
The local brokers, and those OF Tonopah
and Goldheld, are authority for the state
ment that they find II more difficult
to buy stocks than to sell them, and II Is
predicted that by the time the East Is
convinced OF Manhattan's pcrmancncy
and Is made thoroughly acquainted with
Manhattan stocks will be selling at
double par value. Such men as President
r. l. Johns OF the Godfeld Mining COM
pany, Frank Golden, president OF the Nye
e. Ormsby County bank, John Nc
Kane and Malcolm Macdonald OF the
Shoshone Consolidated. and other
operators equally well known. are buying
Manhattan stocks and acquiring property
I'm the district. and their following among
the smaller operators Is legion.