The San Francisco call., 1907-01-03
Paying of Millions
in Dividends May
Help Market

Many millions of dollars were re-
leased yesterday in all parts of the
United States in dividends by large
number of corporations. In New York
the payments amounted to $500 100000.
All other great American cities
swelled the volume of ready money
For a month or more money has been
tight all over the country, especially
in the centers of finance in the East
Yesterday predictions were heard
in the local mining board that, as
there was now an abundance Of money
in hand again, the speculation in min
ing stocks would be larger than for
some time.
Good mining propositions are mar
keted easily in the East. There are
many excellent mines in Nevada that
promise good returns. Hence, taking
all considerations together, the hope
full spirit of the mining stock brokers
in San Francisco would seem to have
more substantial basis than for
months past.
The situation yesterday, as shown
by the sales. was stronger, generally
speaking, than at the close last week.
just before the New Year recess be-
gan The trading In Belcher was the
shares of the Comstocks were sold in
total. Be1cher stock was picked up
by both sparties to the struggle now
In progress for control of the Belcher
mine. The price was advanced to go
cents a share. Ophir brought bids Of
1920.
Some of the other Comstocks closed
with bids as follows: Sierra Nevada
7S cents. Exchequer 81 cents, Union
Con. 5S cents. Silver Hill SO cents.
Mexican 81 cents, Ophir 1920, Yellow
Jacket s1.55, Con. Virginia $1.20.
Savage $1.10, Gould & Curry 81 cents.
With the exception of Belcher, which
had a sharp advance, the other Com
stocks about held their own at Sat
urday's closing prices.
Among the Tonopah stocks Mon
tana advanced to $3.95. Mcnamara
fell to 65 cents. The Goldfield stocks
showed Improvement. Columbia Noun
tain advanced to $1.15. More than
5000 shares of Silver Pick were sold
at the regular session at $1.S5 to
$40. Combination Fraction was sold
at s3.70. Goldfeld Consolidated mines
shot up to $7.75. Some of the closing
bids were as follows:
Goldfeld stocks-Atlanta 6S cents,
Blue Bull AZ cents. Booth, 81 cents,
Columbia Mountain $112, Combination
Fraction s3.65. Daisy $2.25, Florence
1925, Frances Mohawk 50 cents, Gold
field Consolidated Mines $7.37, Gold
field Mining of Nevada s1.42, Great
Bend SO cents, Jumbo $3.50, Jumbo
Extension s1.S5, Red Top $3.50 asked,
Sandstorm 70 cents
Tonopah district-Belmont $5.25,
Golden Anchor As cents, Jim Butler
$1.20. Little Tonopah $3.50, Midway
s2.35, North Star AZ cents. Tonopah
Extension $5.s7. West End 81.
Bullfrog Observation-Disclosures Con-
solidated SO cents, Montgomery Noun
tain As cents, Tramp Consolidated
s1.75.
Manhattan district = Indian Camp
$1.15, Jumping Jack so cents Manhat-
tan Consolidated 81. Manhattan Dex-
ter " cents. Manhattan Mining Com
pany of Nevada -23 cents, Manhattan
Wolftone 35 cents, Pine Nut 35 cents,
Stray Dog 76 cents.
Other districts-Alice of Wonder %
cents, Bullion Hill S1.z0, Diamondfield
Triangle AZ cents. Florence Leasing
40 cents, Jack Pot $3.50, Nevada Hills
$3.50, Pittsburg Silver Peak S1.75,
Round Mountain 81, Ruby Wonder
! 80 cents, Silver Peak Consolidated S3
cents.
Two brokers were admitted to
membership in the mining stock
board-F.s L. Wolfe and L. K. Van
Wyck. Wolfe took the seat of w. H.
Long of Tonopah, paying $4,000 there
| for. Van Wyck secured the seat of
his father, who had been connected
! with the board for years. At the
executive session of the board a
number of offers of sites for the new
building to be erected by the San
Francisco Stock and Exchange Board
were submitted. No action was taken
in reference to them. The PROPOSE
tions were explained in detail by
Chairman Krause of the committee on
ways and means.