The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-04-28
WEEKLY MARKET LETTER.
Comments on the Local Situation BY
Kenneth nonnellan q Co.

While the Tonopah stocks have i'm a
MEASURE partially recovered from the eff
fects OF the slump caused by the malic-
ious reports circulated on the outside re-
lative to the sickness, the Goldfeld
stocks are still showing the effects Of
the stories being circulated. In fact
these falsehoods are being spread rela-
tive to Goldfeld stronger than ever.
The facts OF the matter are hat the
Goldfeld people have commenced an
active campaign of cleaning up the town
and thus will avoid any epidemic which
might have threatened the camp. In
v~estigation by q member of this firm
shows that the death rate has been only
normal considering the population of
the district. There have been only 20
deaths in a radius of 26 miles up to this
writing. But the bears have been sue
cessful in using this means of beating
the price of the stocks down. it is a good
time for the investing public to get in
and buy at these low figures, for the
district itself from a mining point of
view never looked better. The Bullfrog
district too is rapidly coming to the
front and is attracting a great deal of
local interest. The machinery for the
January mine of the Goldtield Mining
company will soon be in operation, and
when the handling of the water is set
tied shipments OF high grade ore will be
resumed. Favorable indications on the
Cracker Jack claim, belonging to this
company, should Don place it among
the producers.
Red Top and Mohawk did not appear
to be affected by the general slump SO
much as the other stocks. We rave adj
vised our clients before to purchase and
hold these stocks; in the former, ship
ment, could be made now OF high grade
ore but it seems to be the policy of the
directors to thoroughly develop and
block out the ore SO that continuous
shipments can be made. Development
work is going on in the Mohawk and it
Is a good buy.
The showing on the Black Butte is
better than ever and this stock will go
higher. Shipments of ore continue to
be made from the Quartzite of the Dia-
mondfeld, but this stock participated
in the general slump as did Sandstone.
The Sandstone stock has, we think,
reached its lowest figure, the situation
has never looked brighter for this prop
erty. The hoist has been working the
past week on the Lotus lease and will
commence lifting ore this week from the
lower levels. A rich strike has been re-
ported on No.. lease and sacking of
shipping ore has already started. The
greatest depth on this property has been
attained in lease No. ) on the Kruger
claim, and the owners OF this lease have
encountered the sulphide ore similar to
that occurring on the Combination and
Florence properties, thus verifying the
story so ably set forth by Mr.. Moore in
this paper last week. The article in
question we consider one of the best
ever written on this district, and should
be read by all who are interested in
Goldfeld.
New developments on the Dixie in
dictate that this property will soon be
one OF the best III the camp.
Silver Pick was active and in good de-
mand. The new machinery on the st.
Ives is in operation and early shipments
are looked for.
We would again advise II clients to
get III and buy now, O il already owners
Of stock to hold for several weeks until
this unwarranted scare is over and
you will reap the benefit.