The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1904-06-17
WILLIAMS MARKET LETTER

The rich strike on the Jumbo property
still remains the sensation and visitors
by the score are daily going over there
and seeing the gold panied out. An
amusing incident occurred the other day
when an eastern man. after seeing a pan
ming made, asked for two pounds of the
ore. The foreman said, my good sir, do
you know what two pounds of this ore
is worth? 1t is worth just $50 !" The
ore is 50 rich that when making the plat
form under the grizzly they had to place
heavy canvas So that they can save the
values. At 90 ,eet a crosscut was made
and a 3 fo,t ledge was encountered that
runs into fabulous values. Paintings
show free gold as large as pin heads and
some of the coarsest gold ever found in
the camp has been found here. AS a re
suit of this strike, stocks have been I'M
usually firm this week, and we have had
our hands full filling orders.
We wish to mention three new COM
panies that nave been incorporated i'll the
past week and offer their stock for public
subscription so lis to acquire enough
money IN their treasury to develop their
mines.
The Fawn Gold Mining company in
corpurated under the laws of the United
states, the officers being Washington, ID.
c.. and New York parties. with whom Is as
ISOLATED Mr.. John Jones-the gentleman
who d scovered the rich ledge or the
anuary. He has also opened a ledge on
the properties of the company that car
ries mailing values.
The company Is incorporated for a mil
lion shares, par value $l.Uo. The first
block of treasury stock Is placed on the
market for ~ cents per share, and the
CLAIMS are situated close to Columbia
mountain on the eastern slope. This
stock at 10 cents is a fine buy. and we add
wise our clients to get III and secure some
at the first price.
The Pennsylvania Goldfield Mining
Co., Incorporated under the laws of South
Dakota, and owned principally by par
ties living in San Francisco This COM
pany owns five claims lying southerly
from the Blach Buttes, and have paced
their first block of stock on the market
at II cents. We will goover their claims
this week and will report fully Oh the
same in our next weeks letter.
The Yellow Top Gold Mining Co. has
incorporated under the laws of Arizona.
They own two claims situated about one
lllllC SoutllVJlN " WV LII iooP o1
same Contact, and nave opened up a
ledge on their claims with promising
values. All promotion stock is pooled,
and they are offering their stock for >
cents per share-all proceeds to be used
in development, with no salaried officers.
The January leSsees are erecting a
steam hoist, and as soon DIS erected they
will increase their output. Conservative
estimates made by experts is that they
will hoist at least $l,OOU,OOO worth of ore
before their lease expires. This stock at
ST.. ii is a buy when n can see that the
dividend in a years time should be from
70 to 70 cents per share.
Ali the strikes We have heretofore men
toned are holding out aud the lessees
are sure to make big money out of their
leases. More leases nave been made
during the last week than ever before,
) and the hills are dotted with men every
where, and shows a lively camp. The
town is deserted during the day, aud
shows that everyone is busy looking for
prospects and claims. A wonderful
, scene of prosperity prevails in this camp.
and new PEI pie are coming in every day.
We are kept busy looking over the
ground and keeping i'll touch with all de-
: velopments. The work we have on
4 mana III making Reports LOT Outslue par
, ties is enormous, and we are on the jump
{ from morning till night. Take our ad-
vice Jump in and buy some of the
stocks mentioned below and you are sure
of reaping a profit on your investment.
Goldfeld Whining Co. ...........S l.1C
Red Top Mining Co......... ........4C
, Goldfeld Water NJ. & NJ. Co ........ .2s
Adams GOldfield -. ............ IL
Pennsy lvanin Goldtield .............l2
2 Goldfield indicator. II
: Fawn Gold ........... ............l II
Fortuna Goldfield ..................1 i
2 Goldfield COmingnation ....... ....O
Yellow Top Gold ............ 49,. O;
Q C-ll Def III