Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1904-11-19
MIMS-SUTRO CO., inc.
Market Letter and Weekly Review
Of Stocks in the Districts.

lido OCCh a SlEdb sur Bl ioC W al bllOoC /
acquainted with the general improve
ment in all the mines both here and
in Goldfelds, it is all the more
astounding as the decline has been
very pronounced, Montana-T onopah
has declined to 81 20 and 81 70.
Quite a little stock came out at these
figures. and on consultation by one
of our firm with some of the heaviest
stockholders, they are all at a loss to
understand its cause. 1t may be
that the public is getting tired or
else some Of the holders need money.
We, however, can assure all
clients that the decline is totally I'M
warranted; it may 90 lower, but on
all these dips its a buy.
Tonopah Common is firm around
SO, not much of this stock changes
hands, consequently the price holds
around that figure.
Belmont has also declined to 65c on
heavy selling, in fact it looks to us
like manipulate all along the line.
Belmont is today shipping ore and
good results are being obtained. Mr.,
OhOlCy OlC VI Vic nCdNlCob oIOCh uOld-
ers, assured us that the mine was
looking better now than ever. He
also can assign no reason for the
break, and we still believe Belmont
in the 70's an excellent buy and do
not hesitate to recommend it to one
and all,
Tonopah Extension is also a little
maaEar ~collipn Aowp DC lou &c G1 tx
MacNamara, however, has acted
contrary to all the above mentioned
stocks, having advanced to 26c and
27c from zoe in the last week. Its
strength, in face OF the decline in the
other stocks is not to be wondered at
as MacNamara, as a general rule,
acts contrary to all the other stocks.
A letter sent out by a stock broker
age firm by the name of Robert
Romer & Co., Mills building, San
Francisco, has had a good effect.
They seem to understand the stu
alton thoroughly and we can refer you
to our last weeks market letter
where we practically said the same
thing. All suits of whatever descrip-
tion in any mining camp have bad eff
feet, as investors never know when
the next one will be started. We,
however, who are constantly on the
ground can assure all our readers of
this one undisputed fact, the mines
here all produce ore, some are ship
ping and in time the demand for all
these various stocks will be greater
fhon ot,o hnfopo spl mo e f-Onfrltr nd
wise no one to sacrifice their holdings
as they all in time will advance higher
than they ever were before.
Midway has also acted in sympathy
and is nov selling in the neighbor-
hood of 36c. At this figure nobody
can make a mistake who buys and
holds it.
Tonopah Gold Mountain has not de-
clined as much; it is strong and 17c
is freely bid; keep your eye on this
stock. At a meeting OF the directors
the company decided to let a number
of leases, having so much ground that
it is practically IN impossibility tc
really open up this wonderful noun.
tain without so doing, the company,
however, will take the necessary
steps so as not to permit leasers tc
interfere with any Of the work now
being Gone by the company. We
have heard of an assay on this noun.
tain in an entirely new spot of this
company's ground going as high as
$50, 900 to the ton.
North Star remains around the
same figures, as the suit as yet has
not been decided; however, should
the company loose it the drop in the
stock to lie has already discounted
its effect, and should they win, it will
treble in price owe night.
California Tonopah is also selling
around zoe. Not much stock changes
hands. and although the strike re.
ported is even better than we ex.
pected or were led to believe, there
don't seem to be much activity in this
particular stock, although it is 10.
Gated in one OF the best districts in
Tonopah.
Goldfield and D~iamondfeld are still
attracting capital; the late strikes
out there on which we will touch later
are to say the least astounding, and
some of them are beyond belief but
experts and our representatives as
sure us that they are facts beyond a
question OF a doubt.
Jumbo is selling around SOC, and
all these different suits do not seem
to be able to put 1t lower. We, who
know, and who have brought a suit
against the extension OF the Fuller
Lease, for the benefit Of all the mi
nority stockholders know that we are
doing the right thing, and We feel
certain that the court will uphold us,