The San Francisco call., 1907-02-08
Great Bend Hammered
but Stands Up Well
New Owners of Daisy Mine Said to Be
Mysterious Bears in the Market

The hammer of the bears was out for
Great Bend in the stock market yes
terday and the knocking was diligent
and persistent. That was the story
that brokers told. The same sort of a
story was current the preceding day
in connection with Combination Frac-
tion. Some stock sellers argued that
Eastern parties had purchased the
Daisy and that ii was natural that they
should desire to acquire adjoining
ground. Manipulation was therefore
alleged. The story had interest enough
to keep the brokers talking after the
transactions of the day were done
Great Bend stood up very well under
the hammering, although the blocks
that were thrown into the market were
imposing in size. They ranged any
where from 1000 to 5400 shares after
the ball was fairly rolling. The stock
was forced down to SO cents, but it did
not stay there. 1t fought its way back
TO $1.02ia which was within ? u points
of the highest price of the day, namely
$1.05.
The campaign started mildly with
but 200 shares selling at S1.05. Five
thousand shares went at S1.0235; then
$500 more in the informal at S1.021a
By this time the hammering was ef
ASCN4NS IlllN-lOuE AQnQT6Q Shares
went at 81: then $500 at 90 cents; 1000
at 81 cents; 1000 shares at 90 cents A
rally followed and 1900 shares brought
s1.05. buyer 80. Two thousand more
brought 80 cents; $500 shares S1.021s
Altogether Great Bend shares to the ex-
tent of 24.600 were thrown into the pit
by the brokers before the final gong
was sounded.
Great Bend had the greater share Of
ha x-'c int 80,
shares that were sold in large guam
tity. Ten thousand eight hundred
shares of Combination Fraction We're
bought. The opening was SIS, or 5
cents better than the closing of the
preceding day. Then, after sales of
10000 shares, the price rose TO s5.12k
Nineteen thousand shares of Diamond
field Triangle were sold at advancing
prices, ranging from So cents to so
cents, the last sales being at SO cents.
Jumbo Extension sold 5000 shares The
price declined from $3.50 in the in
formal session TO S2.471a, which was
the opening price of the day Man
haitian Dexter was fairly steady at 81
cents and 80 cents, with total sales of
$4,000 shares. St. Ives dropped from
sL15 for 1000 shares to s1.10, but re-
covered to s112h. The sales of St
Ives totaled 1000 shares. ~
There were large sales of Mayf1ower
Consolidated. 20.50O shares in all, with
prices falling from SO cents to 81 cents
Among the stocks that gained in
price was Round Mountain Blue Jacket
which went up from 20 cents to 81
cents, with sales of 1000 shares. Gold
field Consolidated Mines shares had
another day of seesaw. One hundred
shares brought So The price fell to
$S.621z for 2975 shares, $3.50 for an
additional $3.50 shares, then went to
$S.3715 for 500 shares and the windup
in the informal board was 1915 for
10 shares. The total sales of Con-
solidated Mines were $500 shares
The governing committee of the San
Francisco Stock and Exchange Board
has taken up the subject of establish
ing a clearing house for the exchange.
Experts have submitted plans based
on the experiences of stock boards in
number of cities. The committee will
not make any recommendations i'm
mediately, but will debate the subject
from all points of view. President
Ruggles, chairman of the committee,
ex-oficio. sits with the committee in
all its deliberations.