Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1904-07-23
TONOPAH BONANZA
E. L.MimS& Co. Market Letter

has subsidized, everyone is anticipat-
inc the advent Of the railroad and
the most sanguine are predicting
great and renewed strength all along !,
the line; every mine in camp will be !.
more or less benefited, new people 1
and new capital will come here Tor
investment and will extend to Gold !
field and its surroundings. /,
Montana onopah has been very !,
firm. no stock changing hands; those :
holding do not care to sell, and those :
buying consider price too high. we, f,
however, are bulls in Montana Tono-
nah and 10 not hesitate to say that
not only is the mine looking better
than ever but there is a dividend IN
sight in a very short time. Its price
now is So 40.
Belmont and Midway are also
weaker, prices have receded on cal
izing and profit taking and from their
present level the rise will be higher
than before when once the market
becomes again active.
Tonopah Extension is in demand
stock firm at 81, some few shares
changing hands and the supply I'm
tied. This is a buy right now.
Mcnamara, like all the balance,
has suffered from realizing and its
present price is not within fifty per
cent of it's value. In the near future
Mcnamara will again be active and
90 higher than ever before,
North Star is quiet. no stock to
speak of changing hands. The same
NAV be said of Ray & O'Brien, Pay
master and all the less active and
minor stocks.
Tonopah Common still hangs around
SO % and is surely going to improve
as soon as the railroad is once taking
shipments, lots of ore is awaiting
shipment and high grade at that.
Tonopah Gold Mountain is beinI
ouietly absorbed and were it not TO
the large blocks that at times az
Dear on the market to be sold woul
be selling around 25c, its intrinsl
value is easily SOC.
Gold6eld is booming, the Jumbo
Combination, January, Red Top, .
Ives and various others are constant
taking out large bodies of ore, and
has come to our knowledge that I'll
American Smelling & Refining col
pany is buying upwards OF S2O,O
worth of ore a day at this new
Dorado. The Jumbo keeps on ST
prising all who visit it and the ro
encountered on the l00-foot lev
while not as rich as the top, ten
twenty feet still is rich enough
make all the leasers rich. The ia
uary still keeps up its lick and il
marvel.
Columbia Mountain Mining &C
pany stock, of which we offered II
600 shares last week, has all b.
sold and is quoted at 25c bid.
advised one and all to buy and SC
clients of ours have made five ce
profit on all they took.
The Hazel Kirk mining compi
as we'll as the Bulls and Bears mir
company are working from ten
twelve men. Good indications
found everywhere and the oppor'
ity to purchase these two stock
now and not when the developm'
have proven good and rich, but "
they are developing. When {
discovered and good shipping or
being produced its too late, buy u
now and make a profit.
In a few days we will put be
the public another grand prope
the value of which has already
proven.
The Black Butte Goldtleld MI
company has just been incorpora
and we are authorized to sell lOC
shares of its stock; price, 174c.
proceeds to be used in furtheI
veIopments. Up-to-date M hun
feet Of underground work has
done; there is a ledge exposed IL
tunnel twelve feet wide, two
running $50 per ton in gold, ten
will assay $28. L. L. Patrick
first purchased the Combina