Show ACTIVITY ON THE STOCK EXCHANGE it is difficult to predict what the tone of the mining share market will be six weeks hence or to account for the depression and advance in mining securities but one thing is certain and this is that reactions are sure to come and sometimes much quicker than expected or anticipated six weeks ago the local market was extremely quiet and timid dealers foretold a summer of inactivity in fact the brokers and those who had purchased stocks for an advance began to feel exceedingly blue and for good reasons as the indications were that there would be little doing until fall at least two weeks ago however the situation changed materially and since then notwithstanding the oppressively warm weather the market has been extremely active and it now begins to look as if business would be exceptionally good throughout the heated term this condition has been exceedingly gratifying and especially so as the market has shown remarkable strength sales have been heavy while sensational advances have been made in an unusually large number of securities and this regardless ot the continued depression on eastern ex exchanges for a long time many securities have been selling much below their real intrinsic value the low valuation and selling price in some instances being caused by bear movements skillfully engineered but which fortunately could not be maintained owing to the very favorable showing made by properties they represented such for instance as tintic gintic stocks including the colorado mammoth and a num beck tunnel lower berof other properties in this favored camp bingham stocks also exhibited increasing strength almost from the very beginning of the bull movement and a nd beaver county properties including the cactus have also felt the quickening t influence of a rising market and have been popular with the stock buying public but who can give good and sufficient reasons for this sudden interest in the stock market for the sharp advances made in mining securities A month ago no one would have predicted such a change ana yet mining minin shares began to advance without the least whisper of warning and the sales for the past fortnight have been larger than for many weeks past the most sensible answer to the query would seem to be that the investor had lost confidence and without any cause whatever that secret manipulation had alarmed the public which losing sight of real conditions had taken aright and scattered into tall timber here viewing the situation calmly the folly of such a course was impressed on the minds of the alarmed ones and again we find them in the open more determined than ever be fore to realize somewhere near the value of the die securities in which they are interested and this on evidently has been strengthened by the fact that utah mines for the first half year has paid over four millions in dividends while numerous companies are now making splendid records in the lie distribution of velvet money whatever the cause may be confidence has been restored in the local market and and those who had lost heart a month ago are now too busy to inquire into the reason for altered conditions |