Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-05-12
The General Situation

IItO~ ONubVtu " 0tIOuStOtu
The facility with which Nevada
mining shares are being marketed de-
spite the San Francisco disaster and
the bearish tone of Wall Street Is per-
hans he most remarkable feature TO
he noted in the mining share situa-
ton. Tho east and middle west are
apparently convinced" The profits
that have been made by early inves-
tors IN Tonopah and Goldfield stocks,
together with the sensational show
ing being made In the mines az Bull
frog and Manhattan, have created an
enormous demand for stocks In the
new companies of merit that are be-
ing promoted from BullfrOg and Man
haitian, and this demand from east Of
the Missouri river Is 50 overwhelming
that 1t completely overcomes the de"
pressing 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 adj
vance in the market price Of stocks.
and Manhattan although suffering
from plethora Of promotions, il
making such a phenomenal showing
In its mines that within ninety days
It's mining stocks of proved worth
may be expected TO repeat the his
tory IN early prOflt-malling of the
TOnOpahs. Goldfelds. and Bullfrogs.
Tho cautious investing public Is
apparently absolutely convinced thar
II Is getting "A run for It's money
in Novadas The san Francisco Stock
a Exchange Board which for upwarcs
Of forty years has made the market
quotations for all the Comstocks. has
heretofore been the scene of most Of
the trading IN Nevada mining stocks.
aud eastern brokers have been in the
habit OF telegraphlng their orders TO
san Francisco for execution. The
Exchange was burned down on April
18th and the banks discontinued busi-
ness, making II impossible for tho
brokers to go on. Notwithstanding
the sudden curtailment Of these ia
cllitIes. the transactions on the New
York Mining Exchange, the New
York curb and the Golddeld. Los
Angeles and Salt Lake stock ex"
changes. which have heretofore been
In a large sense feeders for the San
Francisco Stock Exchange. have re-
nected no serious declines In any OF
the stocks, and such insignificant de.
,iines as have been made are current
~ accepted as temporary matters on
~.
The disaster has, however. brought
sharply to the attention OF Nevada
mining companies the necessity for
eastern representation, and several
Of the leading companies of Bullfrog.
Manhattan and Goldfield now an
nounce that they will open up trans
fer Offices I'm New York, and otherwise
extend TO eastern brokers in theft
home city all the facilities that hava
heretofore been enjoyed practically
exclusive by members OF the San
Francisco Stock e. Exchange Board.
Further proof Of the strength Of the
market In Nevada mining shares II
found IN the fact that when the San
Francisco disaster occurred the banks
Of all OF the Nevada mining camps
had many thousand dollars on deposit
IN the san Francisco banks. and ALI
OF this money has been tied up lndefi-
nitely-few OF the San Francisco
banks having resumed regular bust
ness since the calamity. Naturally
with so much banking capital tied
up IN this way. Nevada banks have
been compelled to curtail their time
loans to some extent and in many
cases to call in demand loans,
amounting to tens of thousands or
dollars, and the weaker holders OF
stocks nave In some cases been COM
PEELED to throw them on the market.
year or two ago, before Nevada
mining stocks were accepted at their
true worth by the eastern investing,
public, this would have caused a
panic, now 1t is different. Hundreds
OF thousands of dollars are In eyi.
dence here on the ground. ready for
investment In high class mining Sc
curities, and It Is an easy matter fof
the holder Of good stocks to receive at
least what they are intrinsically
worth, however suddenly offered ano
no matter In what size blocks. Here
on the ground investors are In a po-
sltlon 10 learn by personal eXamina.
ton the exact situation Of the various,
properties, and the outside public is
not without means. through trusted
agents, to learn the exact conditions.
It Is remarkable fact that. with
very few exceptions, no attempt
has been made by promoters of new
Bullfrog and Manhattan mining com
panles to put an inflated valuation on
their securities, and the public. IN
seven cases out Of ten. has been able
To buy INTO new properties OF merit
'H WHY near 10 tOSl DtSlSs Inc
result of this has been that quick pro-
fits have been made by investors ana
SPECTATORS, and in most cases il has
been possible to obtain a profit on the
original Investment within period of
a month.
Every company on Bonanza Moun-
tain In Bullfrog has experienced
steady advance in the market value or
lis shares, Bulfrog Eclipse was put
out to tho public at Is cents per
share. and Is now selling above 81.
Bullfrog Denver was originally pro.
NOTED at % cents. and Is now selling
above Sl,Ij. Bullfrog Tramp was solo
originally at 40 cents; II Is now I'm
demand around sl.20. Bullfrog 30.
nanza Mountain was put out to the
public az 10 cents within the past six
weeks and Is already selling at an
advance OF 100 per cent. A dozen
other instances Of this kind could be-
cited In Bullfrog.
In Manhattan the conspicuous re-
cent success In this regard was jump.
Ing Jack, which was nut out to the
rublic at 30 cents, and within two
days of the close OF subscriptions. less
than six weeks ago. was selling on
the San Francisco Stock & Exchange
We make a specially
Won the opportunity of joining rs o
tHtuy,E u -..,lI H. .....A-s .