Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-05-12
NEVADA MARKET REVIEW,
some Mining Companies VIII Establish
Eastern Transfer Offices.

In It's latest review OF the Nevada
mining stock market situation. the l..
NJ. sullivan Trust company Of Go!dheld
among other things, has the following
to say:
The facility with which Nevada min
ing shares are being marketed, despite
the San Francisco disaster and the
bearlsh tone OF Wall street, Is per-
haps the most remarkable feature TO be
noted In the mining share situation.
The east and middle west are apparent
ly convinced The profits that have
been made by early investors in Tono-
pah and Goldfeld stocks. together with
the sensa tional showing being made In
the mines at Bullfrog and Manhattan,
have created an enormous demand for
stocks In the new companies OF merit
that are being promoted from Bullfrog
and Manhattan. and this demand from
east TO the Missouri river is so over
whelming that 1t completely overcomes
the depressing effect OF the calamity at
San Francisco.
With only rare exceptions, all OF the
Bullfrog companies have made good
within a year, from the double stand
point Of mine development and advance
In the market price OF stocks, and Man
haitian. although suffering from a ple-
thora OF promotions, Is making such a
phenomenal showing in it's mines that
within 30 days its mining stocks OF
proved worth may be expected 10 repeat
the history In early proflt-making OF
the TOnopahs. Goldhelds, and Bulfrogs.
The cautious investing public Is APP
parently absolutely convinced that II Is
getting run for It's money" in Neva-
das The San Francisco Stock & Ex-
change board, which, for upwards OF 40
years has made the market quotations
for all the Comstocks, has heretofore
been the scene OF most OF the trading
In Nevada mining stocks and eastern
brokers have been In the habit OF
telegraphing their orders to San Fran
cisco for execution, The exchange was
burned down on April u.s. and the banks
discontinued business. making It Inn
possible for the brokers to go on. Not
outstanding the sudden curtaiment OF
these facilities, the transactions on the
New York Mining exchange. the New
York curb" and on the Goldneld. Los
Angeles and Salt Lake Stock exchanges,
which have heretofore been In a larg,
sense feeders for the San Francisco
Stock exchange, have reflected no seri-
Gus declines I'm any OF the stocks, and
such In insignificant declines as have
been made are currently accepted as
temporary matters only.
The disaster has, however, brought
| sharply 20 the attention OF Nevada min
| Ing companies the necessity for eastern
representation, and several OF the lead
| ing companies OF Bullfrog, Manhattan
! and GoldReld now announce that they
| will open UP transfer offices in New
| York, and otherwise extend to eastern
| brokers in their home city all the faclli-
! ties that have heretofore been enjoyed
! practically exclusively by members of
| the San Francisco Stock & Exchange
| board.
| Further proof Of the strength OF the
| market In Nevada mining shares Is
| found In the fact that when the san
| Francisco disaster occurred. the banks
| OF the Nevada mining camps had hum
| dreds of thousands OF dollars on de-
| post In the San Francisco banks and
| all OF this money has been tied UP In
| dehnitely-none OF the San Francisco
! banks having opened their doors since
the calamity. Naturally with so much