Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1904-11-26
MIMS=SUTRO CO., inc.
Market Letter and Weekly Review
of Stocks in the Districts.

az OlOlilk % bllN hClAiulA II III 4Oh
opah increased, our firm this week
has been a constant buyer, having
had buying orders of almost every
stock on the list and being able to
fill only ID, 900 shares out of the 30
900 ordered.
Montana Tonopah has been in
strong demand and should be bought
on all dips, the mine is looking better
than ever, the new superintendent
is pleased with the outlook, and we
strongly advise its purchase, Around
So it is always a buy.
We are reliably informed that the
Southern Pacific railroad has made
some sort of an offer for the Tonopah
railroad. We hardly think, however,
that the Tonopah mining company,
who control this road, care to sell.
However, 1T speaks well for Tonopah
Common, as thu control of the rail
road lies with the control of the mine.
This stock out to sell for SIS inside Of
six months.
Belmont is shipping ore right along
and we consider it n of the best
buys in the camp. Those in control
will not sell a share of stock, and
when the market becomes "a little
more active than at the present time
Belmont will sell for 81.
Midway. has been suffering for lack
of support. The mine looks good and
from all we can learn it is one Of the
best buys of the camp; its location
makes it almost a sure thing that
inside of ninety days the Midway
mine will strike the Macdonald ledge
of the Montana, and when it does it
will double in price over night.
Tonopah Extension is very firm
and very little stock changing hands.
We were buyers Of this stock this
week and were compelled to pay
$1.90 for 1000 shares, a purchase
made for an investment.
MacNamara in u opinion has
acted very firm, its price is still 25c
and around these figures all who
purchase it cannot fail to make a
profit as in the opinion Of some of
the best mining experts in the dis
trict, the suit brought by the Exten-
sion will prove to be a benefit instead
of a detriment. We understand that
the company has ample means tc
protect their interests.
North Star still hangs around l7c
or l8c, the suit so we hear will be
decided next month, the chances
favor the North Star people. We
hope they will win their suit as they
are in our opinion correct in theil
views.
Tonopah Gold Mountain is looking
better than ever. We cannot toe
strongly advise the purchase Of this
stock. The superintendent assured
US the other day that the property
is looking better than ever, that the
longer he prospects and develops il
the more rich deposits he finds, anC
he assured us that there is any guam
tity of good milling ore on the dumps,
and the directorate have decided tC
have this ore treated at the Midway
mill as soon as it al handle it, which
will be inside of sixty days. The
more we know of tins mine tbs
stronger do we advise the purchase
of this stock and a conscientiousll
recommend it to all our clients.
We have been informed by goo(
people that the Mogul mining com
pany's stock has become quite al
active trader in the east. We re
ceive constant inquiries about tn,
same, and as the parties promoting
it are highly respectable and consci
entious brokers, we advise the pur
chase. The directors are reliabl,
men and are using the funds raiset
by sale Of treasury stock for the ben
eft of the property, in that way Civ
ing all stockholders a fair deal.
California onopah is still in tn,
twenty's and the strike recent,
made when it becomes public prop
erty ought to make it sell higher.
GoldhelG and Diamondield and eve
Bullfrog are keeping up their won
derful record, nothing would surpris
us in either camp, the constant nav
strikes are beyond belief. A strik
on the Sandstone has been made O
one OF the leases, an assay Of whic'
went as high as $15, 900 to the ton
How much of it there is we do no
know, but the stock went from Is
to 30c over night. We refer you t
our previous letters in which we con
stantly advised the purchase of thi
stock, in fact air the groups of tn
Columbia Mountain mining company
Sandstone, Kendall, May Queen an,
Nevada Boy are exceptionally wei
located and are bound in time T.
prove wonderful mines. You canno
fail to make plenty OF money il yol
buy these different stocks.
Ac far &c Jnmho is concerned n