The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-08-15
Views of L. M. Sullivan Trust Company
of Goldfield.
The L. NJ Sullivan Trust Company of Godfied Has the
Following to Say in Its Market Review Today:

disaster; Little Grey has advanced
above 100 per cent In two weeks sell
ing in advance of the price quoted be-
fore the destruction of san Francisco;
Mustang and Broncho have gained from
so to 80 per cent.
1t is apparent that the advances in
Nevada mining shares have only just
begun, particularly i'm Manhattan is
sues. Nevada mining properties, par
ticularly Manhattans. show an aver
age Improvement of so per cent since
the day Of the San Francisco quake"
Nowhere has mining been prosecuted
on a more extensive scale than IN
Manhattan, and the improvement I'm the
physical condition of the properties is
remarkable. 1t is evident that the
levels which prevailed the day Of the
San Francisco calamity will be reached
before thirty days have passed, and in
our opinion standard Manhattan stocks
will then be good for an additional so
per cent advance before IL can be said
that stocks are selling at their intrin-
sic value.
We advise the purchase of Jumping
Jack up to 55 cents per share. today
selling around 80 cents; Dexter up to 81
a share, now selling at So cents; Con-
solidated up to s1.5O a share. now SELL
ing at s1.15.
Among the unlisted Manhattan stocks
stocks that will be listed very shortly
we recommend Stray Dog and Indian
Camp. At the time Of the San Fran
cisco earthquake the fotation of these
two companies was still under way.
and the directors of both companies
have steadfastly refused to list the
stock during the period OF depression
which followed the San Francisco dis
aster. They felt that these companies
had been promoted on an equitable
basis and that the public did not pay
in excess of the price the stocks were
worth, but they feared that listing
them at a time when the entire market
was in chaotic state might create a
false impression, no hope being enter
tanned during that period that current
quotations would be as high as the
price at which they were originally pro-
NOTED. Other standard stocks had
dropped over so per cent during the
panic.
Now that conditions are righting
themselves. and the relative values of
Stray Dog and Indian Camp stocks can
more reasonably be determined by in
vestOrs, these stocks are to be listed
on the San Francisco Stock and Ex-
change board. The last quotation on
Stray Dog that we had from the east
was 80 bid and 40 asked. However. the
40 asked was for a few thousand shares
only, and it is not believed that an or
der for $4,000 shares could be executed
at less than so cents. However this
may be, the opening bid price of Stray
Dog on the San Francisco Stock and
Exchange board may not be over 30 to
40 cents, in which case investors will
do well to order stock at once TO be
purchased on the San Francisco market
for them Stray Dog is intrinsicaIty
worth one dollar per share at this time
and should be selling around 81 90 ne
fore Christmas. Indian Camp. which
was promoted at go cents per share IN
April, sold in New York on the curb
this week at % cents This stock will
be listed at 80 cents and at that figure