Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1904-07-02
E. |. MimS& Co. Market Letter

NS
have taken place and prices have re-
NAMED not only firm, but in spite Of
heavy offerings have steadily ad-
vanced.
The so-called sister mines of the
Montana Tonopah, named that way
on account Of their position to the
Montana Tonopah, have shown the
greatest activity.
Belmont has been in great de-
mand, and the price has gone beyond
80 cts. Lots of stock has changed
hands on the buyer 80 plan at SAC.
and Soc. and we do not hesitate to
say that in a very short time the
market price of Belmont will be 81,
cash.
Midway has gone beyond 60c. and
sold as high as 64c. This stock, as
we have predicted, is booked for the
dollar mark and we are glad to say
that acting on our advice, given for
weeks past, lots OF our clients pur-
chased Midway and can now make a
nice profit. The time to sell Midway
is not at hand. VIZ will keep all our
readers posted and a assure one
and all that Midway has not started
to 60 up yet. Were some of the
Midway ore run through the mill the
showing made would gladden. the
hearts Of all holders and we know for
a positive fact that the good news
on Midway is not half out and when
it does come look out for sky-rockets
in Midway.
Montana-Tonopah has held very
firm around 81. 80. This stock be-
yond a question OF a doubt is a pur-
chase. A dividend is 10 sight and in
a few months 81 or s. will look cheap
for Montana onopah. Buy it now.
There has not been much trading
in North Star nor Tonopah Exten-
sion at the present prices. They are
absolute bargains, and both Exten-
sion and North Star are a buy.
Overshadowing all our stocks in
point of activity has been MacNa-
mara This stock has steadily ad-
vanced. and has sold as high as 73c.
Mr.. Joseph, the residing director
and now manager, predicts big
things for this stock, and for the
amount OF trading done in it, it GER
tainly looks like higher prices. 1t is
reported that some prominent oper-
ators on the San Francisco Exchange
are heavily short of this stock, and
il that report is true, MacNamara
must go higher, as there is nothing
we know Of so sustaining to a market
as a short interest.
Tonopah. Gold Mountain is another
active one. Large blocks have
changed hands around zoe. There
is a report around of a shipment
from there that will astonish the ma.
tives. Mr.. Runge, the secretary
and manager, predicts a big rise il
this stock as soon as the value of the
shipment becomes known. Accord
ing to all reports its a wonder.
The different combinations in view
amongst them the ay-O'Bri Ray
Tonopah and various other proper.
ties which have been practically dor
mant the last few months, are com
mencing to attract attention. AL
these stocks are booked for higher
prices and to buy these low. priced is
sues is an excellent gamble.
West End is also due and we lool
for some movement in this excellenr
property at almost any time.
OF all the Tonopah stocks, Tono
pah Common has been the most ob
stinatc. We cannot imagine whar
keeps this stock from going higher
but from the best information We
can obtain we are told that some
large holder, nov operating in Ari
ona OF whereabouts, is involved anC
IS forced to sell. There are also
some large Philadelphia holders rea.
lizing, and as it always takes time tC
large blocks Of high priced
stocks, it may take some time for il
to go up, but on its merits. its a pur.
nknrn hnr-nnl a n.ncIton Af lo..kA