The San Francisco call., 1906-11-24
Jack Pot Mine dis
posed Of for
S750,000

The mining stock market underwent
a sort of seesaw yesterday. The Gold
field, Tonopah, Manhattan and iBullfrog
shares did not go high enouiSh to ex-
cite any one unduly. nor did .hey drop
off enough to depress the small army
of spectators who hung ar ound the
exchange. The tendency of the market
was downward. But while Some of the
500 stocks offered to the public de-
clined, others teetered UP at the other
end of the board. So the ma rket was
adapted to the needs of the j bhnny on
the Spot gamblers, the men who make
a quick turn on a small rise ortfall and
win out by sheer alertness.
Yellow Jacket surprised the; market.
Someone started a story that the man
agement of the company was TO be in
vestigated. This may have originated
in New York. At any rate. the story
found its way into a Wall-str eet publi-
cation and was given what p ublicity
trade paper could command. No one
at this end of the line has any facts
relating to any such PROPOSE ton. The
annual meeting of the Yellow Jacket
Company will not take place until next
March All the stock of the, company
is out of the office. Under these con-
ditions it would take the son of
prophet, at least. to venture on any
thing like a reliable prediction. Per-
haps the story in New York had some
slight effect on the buying orders that
were filled in this city on Thursday,
when the price dropped off to- 73 cents.
YELLOW JACKET RALLIES
decided rally was taken by yell
low Jacket yesterday, which is not an
uncommon phenomenon whe,l an min
ing company is attacked. When the
exchange closed Yellow J.acb ct was SO
y oSlr pa
of this stock from morning to p. M,
the closing hour of the board informal
sales, in the boardroom was from 80
cents to 81 on sales. Altogether $500
shares were taken
At the transfer Office of The Yellow
Jacket Company in the Kohl building
Mr.. Newlands the transfer secretary
said that no information has reached
this city that there was any movement
on the part of a minority of the stock
holders to seek a change OF manage
ment. s letter was received some time
ago from New York signed by small
stOckholder. in which some fault was
found, but this siSnitied nothing. Ale
cations have appeared in New York
papers recently that are totally untrue.
One was TO the effect that the mine
had been shut down frequently to cause
a drop in shares The fact is that yell
low Yacket has suspended only twice
in several years.
About five years ago the mine was
closed at the time that the electric
plant was installed. Then just after
the fire of April it shut down for a.
time until the officers could ascertain
what was to be done. In this, New
lands said. the mine was like many
other concerns that stopped TO find out
the business situation. These two
widely separated closings of yellow
Jacket had no relation TO the market
but were caused by exceptional cir
cumstances.
PRICES OF YESTERDAY
Some of the prices made Yesterday
/ for the Goldfield and Tonopah stocks
are given here:
Daisy sagged to $3.50 bid with $3.50
asked. Blue Bell sold a 81 cents. Red
! Top dropped to S402 bid and 81 o5
asked. Silver Pick was at s1.S5 to 81 80
at the closing, Great Bend was down
/ to S1.15. Laguna was at s167 bid and
/ s1.70 asked. Mohawk brought s1625.
Montana dropped from s3.S5 to ss.75
A story that had found it's way into
! print that thirty brokers in the Stock
and Bond Exchange proposed to go
/ over to the Mining Stock Board was
denied by them yesterday. As there
/ were but thirty members of the Stock
/ and Bond Board that fact alone was
/ said to be sufficient to show the en-
/ tire unreliability of the rumor, which
/ was freely denounced as a canard.
/ Among the members of the Mining
! Stock Board it was said that nothing
would be done toward acting on a
communication that had been received
from the other board of brokers until
/ next Wednesday at the weekly execu-
! tive session. The proposition for par
! ticipation in mining stocks sales by the
! bond and stock brokers is not new.
4 1t was made before the fire of last
April and was renewed after the fire.
/ when the Mining Stock Board was tenn
4 porarily in Laguna street. Certain pep
] perry words may be heard in both