Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1904-07-30
ToNoPAH STOCKS.
Brisk Buying Owing to Com
pletiOn of New Railroad.

HCh VI ECM INsllfOlU.
A lively interest is being taken in
the east in Tonopah stocks and dur
ing the past few weeks some heavy
sales have been reported from New
York and Boston, says the Deseret
Evening News. A New York au-
thority says of the situation as re-
CARDS Tonopah in the east saws:
Almost all the brokers who handle
the active business on the local mining
exchange report a brisk demand for
Tonopah stocks. Orders being re-
ceived indicate a demand for all Of
the stocks of the companies operat-
ing at that camp. Goldfeld stocks
are also being actively inquired for.
Two brokers have buying orders that
aggregate twenty thousand shares
OF the various Tonopah issues. While
the remainder of the orders would
probably bring the total up to fifty
thousand shares. As most of these
stocks are approaching the dollar
mark, the extent Of the interest
shown in that camp is demonstrated.
This buying movement. which has
been in progress three weeks. has
been due both to renewed interest in
operations Of Tonopah and 10 tbe
general belief that once the railroad
is in touch with the camp. all of the
properties in a position to ship will
begin sending out ore. As the ore
IS high grade, the mines from the
time they begin shipping will be on a
sell sustaining basis, though no defn-
tie estimates can yet be made as to
revenues. The Montana Tonopab
company, one Of the strongest or
CARNATIONS Of the camp, is expected
70 earn clear one hundred thousand
dollars a month from ore already in
sight. While these figures may seem
high, there is some belief that the
results received will not be far from
the forecasts made, This Is a spec
linen prognostication.
a peculiar phase Of what may be
the ''Tonopah movement is
the fact that almost all Of the pro
iessional operators at Tonopat. and
the east are short Of the stocks.
and have been in that position for
some months. One large house in
New York is believed TO be short
twenty thousand shares of Montana
T%onopah around 81 80. Most of the
stocks since the operators began
have advanced from two hun. /
ired to five hundred per cent. and 5
are being made to effect a ,
settlement with those holding con. {
tracts for delivery. 1t is understood {
most Of the professional oper \
ltors, after the advance last Janu. !
wy, thought the camp values were q
90 high for properties that had not 2
yet shown what they could do when Z
facilities were given. a
Thus, almost an of the ores sent Q.
'ut from the camp has cost for trans \
'ortation and treatment charges !,
lose to $40 a ton.
The difficulty in trading in Tonopah
tocks in the east is due to the scar. %
ity Of the stock, and the fact that {,
transfers must be made at Tono. NJ
Formerly this incident in the fe
Of ownership Of mining stock =
equired three weeks, but the time q
recently been somewhat reduced. N
often happens that the officials n
hose signatures are necessary for N,
le issuing of stock are absent from pi
camp, and as no certificates are vi
.gned ahead Of time, all transfers IN
ust wait for the return of those a
lthorized to sign them. 4,