Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1904-10-15
TONOPAH AND
GOLDFIELD STOCKS
Will be Listed on San Fran
cisco Stock Exchange.
Report Of Visiting Committee to the
Two Great Camps is Most
Enthusiastic.
The San Francisco papers Of Octo.

DER TN SLdLe.
Senator William c, Ralston is of
the opinion that within six months
San Francisco is going to see the
greatest mining stock market in its
history. The Tonopah and Goldfeld
stocks are to be listed on the San
Francisco Stock Exchange, and it is
expected that a great era of specu-
lation will ensue.
The exchange sent President A.
b. Ruggles, Joseph Marks and Sen
ator Ralston into the new mining
country to see and report. The com
mittee reported yesterday, and each
of its members made an enthusiastic
address, going more into the details
Of the development in the wondrously
rich mining country, which they said
may be destined to be the greatest
mining district in the world. Prob
ably the shares will be listed and
speculation begun within a week.
The report submitted was as follows:
REPORT OF COMMITTEE.
San Francisco, Oct. 6, 1904.
To the President and Members of
the San Francisco Stock Exchange
Exchange-Gentlemen: We beg leave
TO herewith submit a report giving
you the results OF our trip to the
Tonopah and Goldfeld mining dis
tricts, in the state of Nevada, and
our recommendations regarding the
same.
Agreeable to your request we left
San Francisco the evening of Septem-
Der 9th, arriving in Tonopah on the
morning of the 29th. We Immediately
called upon all the stock brokers do.
ing business there. We explained to
them the object Of our visit, that we
represented the San Francisco Stock
Exchange and endeavored to show
them the advantages which they
would derive from doing their bust.
e through us; stating further that
we were the pioneer exchange IN the
Pacific coast and through us the min
ing shares Of the Comstock and of
other mining districts were brought
to the attention OF the world. They
admitted that it would widen the
field for investors and spectators
and that If our exchange decided TO
call their stocks, it would place them
on a stronger financial footing, and
they unanimously promised us their
support aud hearty cooperation.
In every instance we met with a
welcome reception, and most cour-
teous treatment, not only from the
brokers, but also from the mine own
ers, managers, bankers and business
men generally.
We visited several OF the mines at
Tonopah and we're granted every
facility to examine them, but we will
not attempt to go into any details, as
it would make u report too lengthy.
As an illustration OF what this dis
trict alone has done in development
work, it is only necessary to say that
thirty-niue shafts have been sunk.
To Illustrate the extent Of ore,
twenty three out Of thirty.niue Shafts
sunk have developed pay ore.
Many Of them have developed large
bodies Of very high grade ore.
A GREAT MlNlNF CENTER.
Tonopah is today a settled bushes,
community and is destined to be {
great mining center.
On October LIST and I'd W e VISITED
Goldfeld, Columbia, Diamondfeld anC
Jumbo and examined many Of thu
most important mines and prospects
in that district. Here we also callet
upon the stock brokers who unani
mously SAID they would give us thei
support.
The mines in these districts, SOM
of which are already opened to
depth Of over 200 feet, and shallow
surface openings both by shafts an,
cuts, all of them showing large bodie
OF high grade ore and in some in
stances ore Of fabulous value, take
together with the extent of the ter
ritory so far prospected, bid fair i
u estimation to make them tn
greatest gold producers of the coun
try.
New finds are being CONSTANT
made miles away from Goldfield, bot
to the east and south, of high grad
shipping ore when we say shippin.
ore, we mean ore with a value of So
or more per ton in gold, showing
~conclusively that the rich mineraliza
tion is general over a wide area.
Between Tonopah' and Goldheld
distance Of twenty.seven miles, me-
discoveries are being constant
made.
We will not attempt to give 20
the geological features of the forms
ton las that has been dealt with a
ready by the United States Geolog
innl GnrunuA hnt will stntn thnt III