Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1904-11-12
MIMS-SUTRO co., INC.
Market Letter and Weekly Review
of Stocks in the Districts.

80 49, ~ htAAI 49, 1880 9fA1f " -
great irregularity, Belmont being
the leader in point of activity, sales
being made as high as Soc and react
ing on a deluge of selling orders to
75c. taking the market as a whole it
has shown decided strength.
Tonopah Common has been steady
at 50. This stock can be safely
bought as the east Is continually alb
sorbing IL, and with good reason, as
the shipments continue and the mine
is exceedingly well managed.
Montana onopah is very quiet,
hardly any stock changing hands.
In our opinion this is decidedly cheap
and it is only a question of a few
months before an active demand will
spring up for this favorite stock, buy
it with confidence.
Tonopah Extension is still on the
up grade, 81 is freely bid, and we
refer to our previous letters in which
we predicted So for this stock before
Christmas. John McKane, the resi-,
dent manager, has enjoined the Mac
Namara mining company which ad-
Joins from working in his mine.
While drifting the Extension men
met the MacNamara crew and the
two mines are now connected. the
result is bound to be a prolonged
lawsuit with the Extension people IN
the lead as TO funds aud resources.
Mr., Joseph, Of the MacNamara.
claimed that the Extension people
we're on his ground and said that he
would commence suit against the Elk
tension. The decline in MacNamara
is due TO the above facts. and as all
the treasury stock, in fact the whole
500, 600 shares Of the company is on
the market, funds will have to be
raised by the stockholders to meet
the expense OF the suit. The new
directors and the largest stockholders
Of the company are John A. Bunting.
its president, who made a fortune III
the oil fields Of California, and John
NJ. Wright, a wealthy lawyer. These
gentlemen are well able to protect
their interests but whether they will
advance the money to fight this case
is a matter we cannot furetell, and
under the circumstances we would adj
wise all to hold their stock as il 10
doubt costs more than its price, the
quotation is about 22e; it cannot 20
much lower, and the stock is non
assessable.
Belmont, as we stated above, has
been very strong and we predict that
the mine will turn out to be one OF
the best investments in the camp.
tt is looking exceptionally well, ore
is being constantly shipped aud with
abundant funds to carry on the work
and 500, 600 shares still in the treas.
ury, we see no reason why il should
not do better.
Midway spurted to 42e in sympa-
thy with Belmont, reacting to 3Sc on
heavy selling orders, no one can
make a mistake who buys Midway at
these prices as the great Macdonald
ledge cannot be far off and when they
strike it Midway win advance to zoe
at once.
Tonopah Gold Mountain is looking
very fine; the ore shipped the other
day will realize the company SO, 600.
Mr.. Owens, the superintendent,
states that the longer he prospects
that ground the more rich ore shoots
he discovers. He intends to increase
his force and will continue to sack
and ship ore. On the east side Of
the mountain five men are now work.
ing, the tunnel is in 1868 feet and the
showing is excellent, the ledge struck
there assayed from $50 to $40 a ton.
There are also hundreds of tons q
milling ore on the dumps and a crush
ing of this will be made at the Ton
opah mill, seven miles from the mine.
We can eonscientiouslv recommend
its purchase at the prevailing prices.
North Star stays the same, the
price lie to zoe it is a good gamble
as the lawsuit will be decided shortly
and it looks to us like a foregone con.
%elusion that the company will win
the case.
The strike IN the California Tonopah
has proven to be just as good as re.
ported, the stock is selling around
20c to 25c aud quite a little trading
in it has taken place. We have Of
late many inquiries for Jim Butler
stock, and as this strike on the east
side will be of inestimable values tc
all these properties, Jim Butler has
naturally been in demand, and as the
pool in that stock expires on January
LIST, we look for some activity in Ina
particular stock.
Goldfeld and Diamondfield are still
attracting capital and although nu.
merous interpretations + taking