| Show MINING STOCK CRISIS the L M sullivan trust company of Gold nevada is reported to be financially embarrassed the treasurer of the company admits there is a temporary uneasiness this news discloses much of interest to those who have beyn dabbling in nevada mining stocks this paper some time ago gadt a word of warning against the craze that was then on for nevada mining stocks anil advised investors to carefully examine into the merits of those properties the stocks of which they might be contemplating buying the editorial was offensive to some but that did not keep us from performing a city now it Is evident that ahe advice was timely since then the market has weakened although some stocks have been held fairly strong if the embarrassment now announced means anything ac is that the L M sullivan trust company has been put to an unequal tack of sustaining its stocks against a flood of orders to sell and the result is a depleted treas ury there may be real merit in the sullivan properties and the stocks may be worth all their quotation prices call lor but it Is evident he promoters in their estimate of things have decided that there is more money in selling the shares than in keeping them and anly in a crisis have they turned purchasers and then only to avoid a collapse |
