The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-03-12
NEVADA STOCKS REVIEWED.
Nat Boas Tells of What Is Happening
in Market for States Securities.

Nat BOas. San Francisco correspondent
of James A Pollock & Co, over their
private wire yesterday reviews the week
situation in the Nevada mining stocks,
as follows:
The mining boom has been at its
height since my last report. The market
has been subjected to TumOrs OF all kinds,
and the PittSbuTg crowd, through MI
Schwab's illness, found an opportunity to
make a big bear raid on all his special
ties, knocking Extension from Sl1.S9 to
S1O00 and Anchor from $50 to S1-30. They
have taken all OF this stock back at low
prices, since which time these stocks
have closed much stronger The public
was greedy for anything, and trading has
been confined principally to the Manhat-
tan and GOldfield districts. Mr. Schwabs
recent visit to the mining camps has Civ
en- wonderful confidence to the Manhat-
tan districts, through his purchases of
large block Of Manhattan BTOnChO. The
public has taken on all kinds Of these
stocks, and is still after them, but the
first weakness appeared Thursday The
general mining conditions improve daily,
and the ore shipments continue about the
same: TOnOpah Mining company, 1260
tons; Montana, 100; Extension, bOO; Bel
mont, $50; Midway, 80; North Star, 80.
Belmont continues strong at 800 The
annual meeting has been postponed until
March 81, at which time a dividend of
not less than Is cents, and probably of
. cents, viii be declared. It is estimated
there is in the treasury over $4,000, and
It is likely that 81 rise viii be seen
Strength in Jim Butler.
Golden Anchors price has been some
what high and the Pittsburg movement
has created somewhat of a mistrust
among the various holders. I hardly
think the stock will show any improve
ment, as the company has failed to make
good its promise to ship ore, which seems
Of rather low grade quality It is sur
prising to see the strength in Jim But
Ter, and I cannot account for IT. While
ore, its value does not warrant pres
ent prices. It is not shipping stuff, and
bids to eastern quarters usually bring out
stock Western and TonOpah people have
been big buyers, all Of it having been
fed by Philadelphia markets. While the
demand still continues strong for IL, and
it may possibly do better, it is bound
to come lower on the first signs of an
inactive market.
''Macnamara is showing every sign of
activity. The BOrax Smith crowd has
taken on stock as high as 81 cents and
is quietly awaiting further developments.
The property. outside of low grade ore,
has really nothing but its future chances
of consolidating with the West End, but
the crowd back Of il promise great things,
and I am inclined to favor purchases
around present figures.
Midway TO Pay.
Midway is showing surprising weak
ness in view Of its outlook This is
caused by a large eastern holder hav-
ing thrown considerable stock on this
market forcing the price to S215. This
should give the investing public an Op-
portunity of taking on ore of the CLASH
est properties The president himself has
been a large buyer around S2.25. and I
cannot too strongly urge its Immediate
purchase. Their second quarterly dividend
of ; cents has been declared, payable the
first of April books closing March %.
After paying the present dividend, which
amounts to $500 the company viii still
have left in its treasury $4,000, and it is