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Show BUSINESS BETTER ON MINING EXCHANGE i THOSE Tvho. at tbo close of 1011. thought that t.ho business of that, year on tho local exchange ivas had enough, 19,,'70,01o shares of (oclc having been traded in, the markot value of -rvhicli was $-1,069,-016.53, have been trained by tho limitations limi-tations placed upon tho exchnuge business busi-ness throughout 3912 to expect a still further reduction. Business during the past year ivaa limited and very unsatisfactory unsat-isfactory in many ways, tho total sales of J2,-lu2lS.vS shares of stock showing a market valuo of $2,201,53.73. Dospito the largo niiue production and dividends during 1012, tho local mining share inarkof. has failed to partake of tho logical effocls, nor has tho unusual high ran go of all tho motals operated to onhanco tho market valuo of mining issues or their attractiveness among investors. in-vestors. 3t should bo remembered that tho great production and dividends como mainly from the larger companies compan-ies whoso stocks arc "not dealt in ou the Salt Lako market, and that thcro has not becu a year in sovcral decades when there has becu so liltlo development develop-ment work dono by the smaller producer produc-er and tho owner of the merely prospective pros-pective property. Better Towards Close. Business, however, has shown a very encouraging improvement during tho past three or four weeks, and many investors in-vestors who lmvo been completely out of tho local market for over a year havo been coaxed back for substantial pur-chases pur-chases by improved mino conditions throughout tho state and the liberality of tho holiday dividend policy of many organizations. It lias boon man- 3"ears since tho average market valuo of stocks retained re-tained so .persistently a low rango as in 1912, and it has been au unusual thing for public buying to begin at low pointrt. Ordinarily, tho public investor manages to place his ordyra at tho top and on taking his losses placed tho blame upou all but tho real cause. During Dur-ing J0I2, however, tho bwyiug began at tho bottom, and stocks generally close tho year at such bargain prices that thero ia ample reason for expecting an. indefinite continuation of the better times now fairly started. As for tho future, thero should be nothing but. optimism and'bope. This is not the lirst period of hard times experienced ex-perienced by many of the brokers, and as such experiences go by cycles it is reasonable to expect tho pendulum to swing back from tho low of tho past year or two to a new period of better tin ues. Improvements Suggested. Tho exchange has tho opportunity to clean house a bit at tho beginning of a new. year, scvoral woru out stocks should bo discarded until their sponsors bco fit to do ni(ro energetic development work, while there nro entirely too many attractive Issues not: regularly listed. Thcso aro-being dealt in ou the upon board sessions under tho term of unlisted unlist-ed stocks. It is up to the miujug companies com-panies to list theo issues for tho ben-pfit. ben-pfit. of stockholders and it is up to the exchange officials to see to :t that they nro listed. . . LateJ, tho exchange members have i pursued a policy of getting together, or emphnsiziug the fact, that tho welfare and prosperity of tho institution depends de-pends upou tho mutual relations of the brokers to a more or Jess extent. The exchango and tho public havo had their fill of pessimism and dull timas. It i-3 high tinio to get togcthor and! boost, for thero is not. n stale in t.ho union with greater mining camps, greater mines or greater possibilities for the investor in-vestor in mining shares or tho speculator. specu-lator. The following tables aro prepared showing the business of the past: 101.1, Number Shares. Valuo. January l,07r.,302 $ 242.S0fi.-t0 Februury 1.S7G.-J01 a73,0t!4.0:; March 2.7."2.1.VI ri.S7.031.Gl April -2.074.274 ISS.SSC. JI! May .... 2,12S,0rt7 528,732.10 Juno i.i20,r.ss ::so.oii.::3 July 2.070,251 .".S0.77il.24 August 3,nf,205 2ii2.7n7.IS September 0:;4,fifil 220.417.02 October 1,07 4,5 12. 20S.G3S.12 .November SSI.Sr.2 lS7,:(iS.no December , 1,028.903. 190.3G7.0G I I Totals 10,370,015 $I,0G9.01G.53 PHEVlOrS YEARS. Number Sharr.s. Valuo. 1S07 1502,170 $ 103.G40.07 1S0S 3,320,177 1.2U6.9G0.40 JS00 10,22S".GOS 4.10D,0S5.r.! 1000 , 5,188,561 2-.23S.47a.41 1001 ..'...24,S24.filil lG,7G0,SG0.0!j 1002 2O.U0S.584 11,600,401.30 1003, 10.JiSS.l323 li,2l0.7CG.21 1001 G,702.'05S 1,873.001,50 1005 ; 7,2113.581 2.316.136. fit 1906. . .' 1 1.555.301 0,470,038.53 1007 16,720,71 1 13.576,555.85 100S 20.482,547 17.254, 16 1.50 1000 33.004.30S 17.fiGS.770. 26 1 910 1 7, 1 20,550 1 . 842.396 . 63 BUSINESS OF -1012. . Number Shams. Value. January 1.140,010 $ 107,373.33 February .. 1,208.807 203,333.35 March" 1.GI7.S63 240.3S3.71 April 1.361,393 285, 123.18 May 035.810 1 02,04 0.G7 Juno KU.f.Ot 172. 16J.0S July 925,268 107,270.27 August 0S7.466 1S3.7S4.34 Septcmbor .. .... SI 1,306 3 77,105.05 October' "... 723,870 358,082, 6S November 710,363 13S.07S 12 December'.... ...."1.150.000 175,000.00 Totals 12.452.S5S ?2.201,535.78 December estimated. |