The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-05-13
THE GENERAL SITUATION.

Tho facility with which Nevada mining
shares are being marketed despite the
San Francisco disaster and the bearish
tone of Wall street is perhaps the most
remarkable feature 10 be noted in tho
mining shnre situation. The East and
Middle West arc apparently convinced
The profits that have been made by early
investors in Tonopah and Goldheld stocks.
together with the sensational showing
bclng made in tho mines ut Bullfrog and
Manhattan, have created nn enormous
demand for stocks in tho new companies
of merit that arc being promoted from
Bulfrog and Manhattan, and this demand
from east of the Missouri river Is so oYcr-
wheimIng that It completely oycrcomes
tho depressing effect of the calamity at
San Francisco.
With only rare exceptions oil OF the
In a year from the double standpoint OF
mine development and advance In inc
market price OF stocks. ana shEa Manna''anfs
promotions. is making such n phenomenal
showing IN It's mines that within ninety
days Its mining, stocks OF proved wnrth
may be expected to repeat the history In
early proht-making OF the Ionopahs.
GoldSelds and Bullfrogs.
The cautious investing public is appar-
entity absolutely convinced that II is get
ting a run for its money" In Neyadas:
The San Francisco Stock and Exchange
Board which for upwards OK forty years
has made the market quotations for all
the Comstocks has heretofore been INC
scene Of most OF the trading In Nevada
mining stocks and Eastern brokers have
been in the habit of telegr,phins their
orders to San Francisco for execution;
The exchange was burned down on April
is and the banks discontinued business,
making II impossible for the brokers 10
go on. Notwithstanding the sudden cur
failment OF these facilities, the ransac-
lions on the New York Mining ESchanSee,
the New York and suES sot fnd aks the stock
changes, which have heretofore been in
large sense feeders for the San Fran
cisco Stock Exchange, have reflected no
serious declines In any OF the stocks. and
such Insignificant declines as have been
made currently accepted as temporary
The disaster has, however. brought
sharply to the attention OF Nevada min
Ing companies the necessity for eastern
representation, and several OF the lead,
ing companies OF Rullfrog, Manhattan and
Goldheld now announce that they VIII
open up transfer Offices in New York.
and otherwise extend TO eastern brokers
in their home city all tho facilities that
have heretofore been enjoyed practically
exclusive by members Of tho San Fran
cisco Stock and Exchange Board
Further proof OF tho strength, of the
market in Nevada mining shares is found
in the fact that when the San Francisco
disaster occurred, the banks of all OF the
Nevada mining camps. had many thou
sand dollars on deposit in the San Fran
cisco banks and all of this money has
been tied up indefnitely-fcw of the San
Francisco banks having resumed regular
business since the calamity. Naturally
with so much banking capital tied up in
this way Nevada banks have oeen com
PEELED to curtail their time loans TO some
extent and in many cases to call In de-
mand loans. amounting to tens OF thou
sands OF dollars. and the weaker holders
OF stocks have In some cases been COM
PEELED to throw them on the market. A
year OF two ago. before Nevada mining
stocks were accepted at their true worth
by the eastern Investing public. this would
have caused a panic; now II Is different
Hundreds OF thousands of dollars are In
tln 1tr for
Investment in high class mining secuT-
tiles, and II is an easy matter for the
holder of good stocks to receive at least
what they are intrnscally worth. how
ever suddenly offered and no matter In
what size blocks. Here on the ground
investors are in a position to learn by
personal examination the exact situation
of the various properties, and the out
side public is not without means. through
trusted agents, to learn tho exact CON-
II is a remarkable feet that, with
very few exceptions, no attempt has been
Manhattan mining companies TO put a.
inflated valuation oil their securities, anu
the public, In seven cases out or ten. mas
been able to buy into new properties of
merit on a very near 10 cost basis Tho
result of this has been that quick profits
have been made by investors and specu-
lators. and in most cases 1t has been pos
sible to obtain q profit on the original
Investment within period OF month.
Every company on Bonanza Mountain
in Bullfrog has experienced a steady ad-
vance in the market value OF Its shares
Bulfrog Eclipse was put out to the pub
lie at Is cents per share. and is now SELL
ing above 81 Bullfrog Denver was orig
inslly promoted at Is cents. and Is now
sold originally at 40 cents: II Is now In
demand around sl.2o. Bullfrog Bonanza
IS 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 recent
success In this regard was Jumping Jack.
which was put out to the public at 80
of subscriptions less than six weeks ago.
was selling on the San Francisco Stock
& Exchange Board at 70 cents. Manhat.
tan Consolidated which was earlier put
out TO the public at Is cents, has sold as
high at s19o. Manhattan Dexter, which
was put out to the public al Is cents. has
sold since at above 81 90
The L. NJ Sullivan Trust company. in
the capacity of fiscal agent for mining
companies OF known merit has success
fully placed during the past ninety days.
100000 shares OF the treasury stock Of the
Jumping Jack Manhattan Mining COM
pany at 90 cents, and 10000 shares OF the
Stray Dog Manhattan Mining company at
60 cents. It is now disposing OF an allot-
ment OF 10000 treasury shares of the
Bullfrog Rush Mining company at 90
cents, also 10000 shures OF Indian Camp
Manhattan Mining company at 80 cents.
Investment In stock of both OF these
believe that Bullfrog Rush Mining COM
pany stock at so cents per share, and In
dian Camp Manhattan Mining company
stock at 20 cents per share arc two OF the
best buys of the year The subscriptions
for stock in both of these companies will
positively close about June l, although II
Is not expected that the allotments will
last that long All offerings are made
to partake viii 6nd 1t wise precaution
to telegraph the L. NJ. Sullivan Trust
Company their reservation of shares In
either company