The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1906-12-07
Money Market Causes
Mining Share Drop
Nevada Stocks Sell in Less Volume,
Owing to Conditions in the East

Half a score Of reasons are assigned
for the fact that the local mining
stock market has been more quiet IN
the past few days than during last
week. One is that the brokers are
still unable to get the stocks for de-
| livery as soon as they are required,
and that puts a damper on their aroor
to some extent. Another is that the
money market in the East IS IN PAD
shape and that this is an annual con-
dition at this time of the year. AFTER
/ the first of January vast sums Will
be released by the payments Of divi-
dends on industrials and in all classes
Of investments. Speculation in the
Eastern markets, in Wall street and
elsewhere, has fallen off recently, and
| it is all attributed to the unfavorable
money situation. Even Boston copper
shares are dealt in cautiously. While
there is no way of knowing the exact
amount of money represented in buy
| ing orders for the mining stocks OF
Southern Nevada gold fields that are
received each day in this city, there is
no doubt that the falling off from
fortnight ago is large.
The brokers and other habitues of
the San Francisco Stock and Mining
Exchange Board are of the opinion
that the lull is temporary. There is
no lack of stories to stimulate interest
and these are circulated mainly by
| mining men who are acquainted with
/ happenings and conditions In Nevada.
Leasers in various places are rushing
their development work Rich de-
posts of ore are reported to have
been discovered. News of development
work follows orders for machinery
| in many instances. Every day brings
/ a good luck story to the men in this
city who have interests in Nevada.
The market was weaker yesterday
than on Wednesday. Still there were
large sales o. individual stocks and
the aggregate of business was large
The sales of Manhattan Mining ran
up to 10000 shares Manhattan Dex-
ter made a total record OF sales for
the day of another 10000. Fourteen
thousand shares of Great Bend were
disposed of. 1t was noticeable that
the Nixon Wingfield combination
stocks-Jumbo, Mohawk. Red Top and
Laguna-were held more tightly than
on the preceding few days. Shares of
Red Top We're taken in at 1915 to
$3.50. On the regular sale only 500
shares of the Laguna were sold
The informal sale made the move
ment of Laguna little more brisk
and the price fell from s1.65 in the
morning to s1.40 for 100 shares, the
/ last sale recorded Of that stock in
| the afternoon. Mohawk went for SIS
in the forenoon, but only 100 shares
were offered at that price. In the aft
ernoon 200 more shares were disposed
of at SIS and 100 at s14.62R. No Red
| Top was dealt in at the regular sale.
At the informal session $500 shares
! changed owners at 1915 $3.50 and
$3.50, at the last price 1000 being taken
| in.
In number of shares sold the Granny
stocks again came forward with $4,000
as the record for the day. The bust
ness in the Tonopahs was light. The
! same was true of the Goldfield Sc
| curities and of the Bullfrogs. Co
lumbia Mountain. which has been drop
ping for some days. touched s1.05 at
the regular sale and s1.10 at the In
formal Daisy sold in small quantity
from $3.50 to s2.52-
Closing prices Of some of the stocks
/ that hav excited considerable interest
| In the last fortnight illustrate
! the general situation at the end
of the day better than anything else
/! can, the figures representing bids: Jim