Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1904-11-05
MIMS-SUTRO CO., inc.
Market Letter and Weekly Review
Of Stocks in the Districts.

The market this week was ex-
tremely inactive, especially in Tono
pah the natural drift is towards
lower prices mainly brought on by
the fact that Jumbo mining company
and Mcnamara mining company
showed such extreme weakness that
it took the balance Of the list in sym
patty. Tonopah Common, however,
remained firm around SO, and is due
doubtless to the fact as we men
toned in u previous letter that the
preferred stock is to be retired and
the Common will become in a short
space of time a dividend payer, as
with the amount OF ore they are ship
ping and the actual values blocked
out in the mine it certainly looks as If
it would sell at fifteen dollars before
the end of the year. Montana ono-
pah is very quiet, few sales have
taken place and the stock is quoted
at 81 80; it certainly looks good and
is a buy on its intrinsic merit. Bel
mont is strong and in demand and is
n OF the cheapest stocks on the list.
Belmont in the EOS is always a buy
Midway is selling far below its value.
1t looks very cheap to us and we al.
ways will keep on recommending to
all our clients the a~dvisability Of TAX
ing on Midway-around Acc or 45c.
Tonopah Extension Is firmly held and
scarcely any stock is being offered.
With the present parties in control
this stock is an absolutely safe pur-
chase, as at the price it is o sell
ing for it Is in reality below its merit.
They are now sacking ore and they
have n Of the finest plants in camp
on the property, and we believe it
will sell for 81 80 before Christmas.
Now about MacNamara. There is
no question about the merits Of the
mine, as one OF our firm recently was
shown through by Mr.. Joseph, the
resident manager, and at the pres
ent prices We believe MacNamara to
be a einch to buy, from time to time
strikes are reported IN this mine and
a strike in the MacNamara is re
ported in San Francisco before any
one in Touopah knows anything of it;
we at first thought that the new
management would take hold of
things and protect the stock and give
all a square deal, but iJ seems that
they are merely manipulating the
stock for their own personal benefit
and playing football with il, so to
speak, and were we to tell you that
according to sales made on both ex-
changes sales of MacNamara mining
stock exceed the capital stock Of the
company you would not believe us,
but there is more trading in MaeNa,
mara alone than in all of the other
stocks of Tonopah and Goldfeld to.
gether, and II that is not manipHIa-
tion, we don't know what is. We be.
lieve that the MacNamara mine coul6
not be bought outright for 5000, 600
but at the actual market price of the
stock today the whole mine sells fol
$125, 900.
We want to draw all our clients at
teution to the fact that the MacNa
mine is Incorporated for 800,
600 shares aud is therefore an excep
ton TO the general interpretations o
this camp which all consist of a mil
Jon shares or more.
We kept constantly advising oul
clients to buy Tonopah Gold Noun
tain. At the present prices thi'
stock is a big buy, as we have beer
shipping ore. The mine is self. sus
tanning and there r practically ~
debts; the management is excellen.
and the superintendent is as good
mar in his line Of business as can b,
found in this whole district. Now
then, with all these things in its IA
vOr with actual ore that will run a
high as $3.50 to 5000 a ton bein,
shipped, why isG this stock a splen
did buy2 We assure all our readers
that the purchase Of Tonopah Golt
Mountain, stock at anything below
25c is undoubtedly the best buy il
camp. North Star 1uctuates be
tween l5c and zoe; for a good gam
BILE this stock ought to be bought, tn,
law suit will be decided In about 30 O
go days, and should the North Sta
win, the price of the stock will trebl,
over night. A strike OF considerable
Importance was made a few days az,
on the California onopah. 1t is salt
that they have discovered eighteen
inches OF $3.50 rock and there has bee
quite a demand for the stock thes
last few days and 20c is freely bi,
with no stock. This is one Of th
best strikes made on the east side @
the camp and may prove Of inestim
able value to all interested in the var
ious claims, such as Jim Butler, Res
cue and other properties on the cas-
side.