Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-08-16
SOUTHERN NEH.
MINING STOCKS
GoIdtieId Brokers Looking For a
Record Breaking Business
This Year.
MINING OPERATORS ACTIVE.
In Nearly Every District Tonopah's
Big Output-A Talk With
sullivan.

Special Correspondence.
Goldheld. New. Aug. i5,-Holiers m
southern Nevada mining securities
have made from ,25oOO0oO to siooooooO
during the last month. Since July IS.
when stocks were probably at low ebb.
a gradual advance has been noted, un-
tll today the average level Of prices
approaches that Of April H. the day
before the san Francisco catastrophe.
The New York. San Francisco, Cold
field, Philadelphia, and Pttsburg mar
kets show exceptional strength. Brok-
ers find 10 the most difficult work to MI
buying orders with limits Every one
seems 10 be on the buy. II now looks
a. Il the great record for August. 1893,
"a; Colorado Springs which marked the
pinnacle OF the stock boom In Cripple
Creek securities, Is sure to be sur
passed. Every day record advance
from three 10 10 points IN leading Sc
curlties. Maintains and Goldfields
seem to Nve the call, although there
NdN UtfN kitdA dNAlFlAN ~ hAAlAA'S etaA
Tonopah stocks Of known merit
Nevada's rehabilitation as the greatest
mining state OF the Union is In fuil
swing, although II may hardly be pre-
dicted that the meridian viii be
reached for several years. The vol
ume OF business on the San Francisco
and Goldheld exchanges far exceeds
that OF any previous summer IN the
history OF trading On southern Nevada
mining shares
CoIncident with the upward move
ment In stocks has developed yery
pronounced activity IN mining opera
tions. In this particular. all the great
mining districts IN Southern Nevada
are affected. This is especially true at
Manhattan. where all Of the substan-
tial companies are erecting hoists and
opening their properties at depth
At Goldheld. there Is extraordinary
activity. The Mohawk is shipping
from 10 20 20 carloads per day Of high
grade ore. The Combination is pilinR
Up treasury reserve. besides paying
It's regular dividend Of 10 per cent. per
month. The Red Top and Jumbo are
yielding a heavy tonnage OF both ship
ping and milling ore while all OF the
other mines are adding materially to
the total output, Ii may be conserva-
lively estimated that the production
from Godheld this year will reach at
least ten million dollars.
While the camp Of Bullfrog viii date
the epoch Of its greatest growth from
the time the railroad Is completed
early this fall, development work on
D H.. 81 a
trict Is being prosecuted awaiting this
event II has been announced that the
railroad will be running by the 18th OF
Sept al the latest. Bullfrog stocks
have shown marked strength during
this late summer boom.
Tonopah continues. its tremendous
output For instance, the Tonopah EX-
tension mine last week shipped $50
tons Of high grade ore The Belmont
Mzpah West End, and others are con-
costing the railroad with consignments.
From every viewpoint there can be but
one prophecy. and that is that the
stocks VIII continue 10 advance in
value until a much higher level Is
reached. and this August furry can be
construed only as "A forerunner Of what
is 10 come during the fail and winter.
h. NJ. sullivan, OF the l.. NJ. Sullivan
Trust company, Of Goldheld. when
asked to account for the present bull
ish tendency Of the market said. 1t
Is very easy To ascribe a reason for
the present action. In fact. il would
be much more difficult 10 find theory
which would TT the conditions we're
they reversed During the DAYS inn
/ mediately preceding the San Francisco
/ disaster, the market was strongly
buoyant ana while "A temporary de-
preston was looked for IN midsummer
/ that time was faT IN advance and the
| top ot the market had not been reached
| When the catastrophe came. an the
| world stopped stood still and awaited
the outcome Then the time came
when the banks closed-whcn none,
was tied up Holders Of futures could
not take them up. and the result wa,
slaughter I'm Nevada securities ant
the slump was general During thes,
last months. however. the intrinsi,
| worth OF the properties represented b,
these stocks have through further De,
| Nelopmeut and rich finds an over m,
state steadily advanced, so that to N,
! casual observer Il must be- patent tina
l "H ""'I 90 AUt lNNulhlltt losses Wen
paid there must be a strong reaction
in which 70 reach somewhere nea
their Intrinsic worth the entire lis
must advance from 80 90 So per cent
| The Insurance companies have nov
TUNED loose many millions Of dollar
iu san Francisco. and IN the uncer
iainty which prevails as 10 where IN
| popular business sections VIII be-. "a
well as in view Of the present build
ing restrictions many people han
money which they cannot wei inves
there. and in the growing populsrit
" Nevada securities they are turnir
10 Nevada rather than to the smai
banking Interest People who hav
been in business for years now dD
Themselves Tor the first time possessa
of their entire capital In casn. ANA M