The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1904-12-23
nInS-SUTRO CO.'S LETTER.

AS dItlCl fdttu, lUt utfHSudi dttiNltN
and rise in last weeks market has been
followed by the natural reaction usually
resulting from such conditions. How
ever, the decline in most cases has been
exceptionally slight, the greatest slump
being i'm Jumbo, which was due entirely
to the speculation upon the results of
the decision of the case on appeal before
the Supreme Court of the State. How
ever, trading has been very brisk and
the prices generally firm, and we pre-
dict Il steadier advance in the healthier
stocks. Most of the leases on the old
properties, such as the Jumbo, January,
Combination, Florence, st. Ives, etc,
have expired, or are about to expire,
and we look for increased vigor when
these properties pass n the control
and under the direct and exclusive man
agement of the companies. In addition,
many new leases have recently been
given on other properties, notably among
them being the Harvey Fraction to
Judge Clay Peters. In addition tn all
this, more recent discoveries like the
Original Bullirog, and reports on such
properties as the Florida in the Ida dis
tIlCt, DIdCcS tuCSC WYNN wei ~ tlIV
public and we especially call your atten-
ton to where they are specifically men
toned in this letter.
Sandstorm-The LOTUS Davis Mayne
lease, has completed arrangements for
their first shipment and We are satisfied
the returns will not only equal expecta-
tons but surprise the world with their
richness and value. Owing to large
Eastern, in addition to local demands,
this stock has steadily advanced and is
a good buy at the present figures.
kendall-Still holding its own, and
steam hoists on Oddie-Gardner- Duffield
lease, and when completed we look for
operations on Il large scale.
Jumbo-The mine continues in the
hands of a receiver, and though trading
has beer exceedingly keen in this stock
and prices forced up Is or 20 points, the
opening of the week saw a slump of from
rs to 80, and we predict Il further de-
cline to IS or so. On Monday Il force of
20 men was laid off due, presumably, to
the short period remaining for the les
sees.
Goldfield Mining Company-Steadily
rising and firm at about 80. A good buy.
The Diamondfield Mining Company's
Quartzite Fraction-Sacking some ship
DlIlR ore dIIu, III dlultiOu, a tBOItC
strike Of unusually high-grade quality,
However, its splendid location makes
this possible at any time.
Goldfield Silver Pick-Looking well.
Trading very brisk among the smaller
investors.
Harvey FractiOn-Has been leased by
Judge Clay Peters, who has placed same
in charge of j. ID. Dunnon. Work has
already commenced with their usual
push and energy. From the indications
on the Nernal, which adjoins it, we
feel we are not over %sanguine in an
ticipating an early strike Of unusual
richness.
Original MISUNDERSTANDING and devel-
opment steadily continues, recent re-
ports giving assay values OF $4,000.
Trading very brisk, with prices steadily
advancing. We learn this stock is soon
listed and pronounce it a first-class buy.
The Florida Mining Company-Lida
district, has engaged George Cooper, a
mining mar of renowned and exceptional
ability, who has managed properties ex-
tensively in Colorado and Mexico, and
whose knowledge of ores similar to those
in this district, is unquestionable, as
foreman. Work is to be pushed on ii
Dig scale anu tle Dlock Oh Stotk III III
possession is going very rapidly, buyers
coming in from all over the United
States. We believe this to be one OF the
very best properties in the districts and
place it today at the top of the list i'll
recommending it to our clients. In adj
dition to reports already given IN this
property We are in receipt OF informa-
ton from the Wisconsin in the same
district showing values OF from $500 to
$500 in gold and from $50 to $500 in sill
yer; so that this, in conjunction with
the Deadwood, which shows ASSAYS from
$175 to $3.50, more than confirms our
opinion of this district and recommenda-
tons to investors, but Il small block OF
the stock remains and it will not be
many weeks before it has doubled in
value.
In addition to the above the activity
in the camp continues with renewed
vigor and scope, and we learn OF several
mills to be constructed in the near future,
about which we trust to give the public
some detailed information i'll our next
letter.