The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1904-12-30

GoLDFIELD, New, Dec. 30, 1904.

week JUST CLOSING. Do Keen HAS IL Detn
that it can best be described as border
ing upon the verge OF feveriShness. Or
dinarily the period from Christmas eve
till after the New Year holiday is char
acterized by a state of absolute inertia;
so that this should not only prove a
matter of great interest but deep salts
faction to investors. Sales have beer
numerous and large, Tonopah storks
strong, while Goldfeld, with the excep-
ton of Sandstone and Original Bull
frog, have been weak. The traders,
with these two at the head of the list,
we're Florida, Red Top, Black Butte,
Jumbo, Kendall and Conqueror. We
learn also that a deal has been consum-
mated for the transfer of a large block
of Deadwood. A source of especial graf
ification to us is the interest taken by
our out-of-town correspondence; not
only have we been favored with many
letters but have had the placement of
some splendid orders. The people are
rapidly becoming familiar with the vir-
tues of our district and are fast taking
advantage of the many opportunities
offered.
Tonopah Extension-A great property
and always strong; while the strength
OF Tonopah-Montana has been due to the
magnificent showing Of the property.
The conservative management Of this
mine and the reliability Of any reports
they give the public may always be de-
pended upon as authentic.
Goldtield Mining Company and Jumbo
I-Weakness has been due to lack of de-
mand against large selling orders. These
are two of our best properties and an
easy buy at present prices.
Sandstorm-This has proven strongest
of all local stocks. The stock is scarce,
with the Eastern public particularly
anxious to buy. We haven't heard pos
itively the returns from the recent ship
ment, but ruMor places it at a very high
figure. We predict this mine will soon
be a dividend payer.
Kendall-Holding it's OWL and trading
very brisk. The comrany's shaft, which
has been sunk in connection with the
lOddie- Gardner lease, has been timbered,
and with the new steam hoist in place
by the new year., we may o look for
Operations on a large scale with Al re-
suits.
Columbia Mountain Making rapid
progress with its tunnel and the face
looks well. Look out for this stock to
advance.
The Diamondfield Mining Company's
Quartzite Fractional strike of very
high-grade shipping ore has been made
on the 10O-fOOt level. The paystreak
runs from 31a to 4 feet wide, and shows
assay values from $lO7 to $347 and over.
| Similar to what has been found on the
5O-foot level there exists considerable
sylvanite, and, in addition, a large
amount of gray copper. this latter being
considered one of the best indications
for the depth and %permanency of the
ledge.
Black Butte-Two new lodges uncov-
cred during the week, one showing val
ues IN an ore body fully Is feet wide and
running from $50 to $500 per ton; and
the other in Black Butte No. 3 carrying
good milling values. This is unques-
tionably n of our best properties and
one destined to make a name for itself
in the near future.
Black Butte Extension-This property
is making splendid progress under the
management of Mr.. Riggle, who showed
us some very fine quartz which he en-
countered the other day. Mr.. Riggle
left Tuesday last for a visit to Pittsburg
where, in addition to the present hold
ers, he expects to interest some promi-
inent capitalists.
Red Top-The company is continuing
it's new shaft and within a few days ex-
poets to have their new gallows frame
completed. Anticipate work on a large
| scale shortly after the first.
Florida Mr.. Cooper, formerly man.
ager of the Tabor mining interest in
Colorado and Mexico, and whose
appointment as foreman of this property
was mentioned in our last letter, has
taken charge; and after a thorough ex-
animation has mapped out plans for ex-
~tensive development, and the same will
be pushed forward as rapidly as posi-
BILE. Mr.. Cooper predicts that the Flor
ida will prove II of the biggest pro-
ducers in Nevada. Four ley leads,
hitherto unknown, have been opened up
by Mr.. Cooper, showing ore OF a very
grade, so that these in addition TO what
we published last week makes our faith
in this property all the more pro-
nounced. The stock is selling very fast
the majority of the purchasers being
several of our very conservative inves-
tors, thus commencing it all the more
keenly to the public.
Original Bullfrog has been one of the
strongest and best sellers. The general
manager, Mr.. Joe McGalliard, has pur-
chased 500 sacks and will soon make
their first shipment from this property
via Goldield. The management guar
antees that the average will be over $3.50