The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1907-01-09

A dispatch from TOn0pah received
last night was TO the effect that Gold
field Kewanos jumped 60 cents at Tono-
pah yesterday and that four leases on
Kewanos viii skip in ninety days.
A wave of prosperity struck the
market for mining stocks yesterday
that carried Goldfeld stooks high on
its crest. When the board had passed
through the stage of formal and in
formal sessions the brokers had it out
on the curb, and there were still
higher prices in the open than in the
exchange building.
News came in the morning that the
strike at Goldfeld was about on the
factor. Another may have been that
the 5000, 100000 released in dividends
in the East on the first of the year has
come into play and had served to re-
new the Eastern demand for the
Southern Nevada stocks, with an album
dance of ready cash to back it.
The Kenneth Donnellan Company re-
ceived a dispatch over a direct wire
from Goldfield early in the day, which
read as follows: There is no doubt
that the agreement signed by the
miners and operators committee will
be accepted by the men tonight The
talk on the street is that there is not
one cnance IN a nuHdfeu tHdl II Will AOl
carry"
This dispatch had it's due effect when
its contents became known. for two
reasons. One was that it implied that
the gold output would be increased at
once; the other that resumption of
mining would bring near the termina-
ton of the leasing on the Mohawk
and the operation of the several rich
properties that Wingfield. Nixon and
their associates have gathered in, as
whole and under one management.
GOLDFIELD STOCKS JUMP
The great movement was in the Gold
field stocks. but others shared in the
advance, taking on tone from the sur
rounding din of swift deals. The mar
ket at Goldfield also took jump
In the local market Mohawk, which
closed at s14 Monday night, closed yes
terday at Sis, but rose to $19 on the
curb, an advance of SIS a share in day.
The same advance was made at Cold
field. Goldfeld Consolidated Mines. the
merger company of Wingfeld & Nixon,
advanced from the closing point of
1897 on Monday to 1857 bid with SO
asked. The stock of this company at
Goldfeld went to 50 bid and $40 asked
on the curb.
Combination Fraction made a great
run in this city The closing price
Monday was $780, last night it was
quoted at IS bid and $50 asked. On
the curb 1t was still higher.
Excitement ragged throughout the
day. beginning almost as soon as the
opening bell rang in the boardroom of
the exchange, and continued until the
last broker had left Bush street. The
volume of business was large and the
fluctuations were swift.
The general effect of such advances
is estimated more easily by understand
Il
ern Nevada has at least 1000, 900 shares,
and an advance of 81 a share represent
ed a market estimate of 100000 more
value to the property. 49,
MILLIONS IN ADVANCES
The GoIdfeId Consolidated Mines has
| 5000, 900 shares. As its stock advanced
| $3.50 share. this gave temporary in
/ crease in valuation of S7,500,000 on the
basis of the buying and selling. An
/ advance of SIS a share gave Mohawk a
! seeming advance over night of $1,000
| 000- So it might be figured out all
along the line.
People who have been DOING on the
slow anticipation Of getting profits on
their stock holdings after a while saw
THAI the squirt was of more than or
binary size and began to dream of large
winnings.
All day long the stock boardroom
L
the excitement ran down to the Stock
and Bond Board ine the basement of the
! Merchants Exchange building in Cali
! fornia street and put those who are
ambitious to engage in the sale of min
! ing stocks on nettles because they were
not already in the business.
From their haunts, before the closing
of the informal session, sundry mud
hens" long in seclusion, came out and
| fringed the crowd of regular male hab-
itues who pressed forward as if sue
cess depended in COMPRISING them
| selves into the smallest possible COM
pass against the rail that kept them
| out of the brokers' pit.
WIRES ARE TAXED
once more the telegraph instruments
began to rattle at top speed for hour
| after hour, and the telegraph service
was taxed to do the business Brokers
sold stock at high pressure, with COM
missions rolling in thick and fast The
market got such momentum that the
effect of it will probably figure today
when the selling is resumed.
The closing prices fail TO give the
story of the day in the stock pit
of but 100 shares at s2S0 Then 1000
We're taken off the line at S2.75. Only
$500 more shares We're sold before the
price had reached $S.15 Goldfeld Con-
solidated Mines opened $1.13 higher
than the closing price the night be-
fore. After 900 shares had been sold
at $3.50 the price dropped to $s021s
seller ten. Two hours later the same
stock was selling at 1915 Mohawk
was not offered at either the formal
or the later informal session of the
board, but offers for it on the curb
! later were pressing.
! The days story of Combination
Fraction in the board is told briefly
1t opened at $500. just 81 higher than
it closed the night before, and, with
sales of 900 shares, dropped to $4.571s.
/ Before the close of the informal session
it touched SIS. The asking price at the
| close was S5.12.
To enable readers to make ready
comparisons the closing bids of yester-
day in the board for some of the Gold
| field stocks are given as follows; Gold
field Consolidated Mines, sS.87; Daisy,
s3.10; Combination Fraction. SIS; Flor
ence, S3.47; Goldfeld Mining of Nevada,
$3.50; Goldfeld Kewanos, $3.50; Great
Bend, Silt; Laguna, s1.45; Jumbo. 1885.
SALE OF SPIDER WASP