The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-05-26
L. COMPANY
GoLprIrLp. New, May 26, 10
Successors to Mims-sutro COZ

GoLDFIELD, New, May &c, 1896.
notwithstanding the continuance of favor
, able ~showings on all the Older properties and
new strikes OF daily occurrence, the market
I generally is considerably depressed, with but
) little activity and slight demand. To an un-
Z fortunate combination of circumstance is this
! due and in no wise to the property conditions.
} The local market reflects the conditions in the
! East, and the usual summer calm, which is
I expected about the middle of June, has been
precipitated by the exaggerated rumors of
sickness in TonopaL, followed by the rc-orga-
! ~nization of one OF the leading banks of Nevada,
! and the remarkable prominence of the Bull
frog district, causing investors to unload that
! they might avail themselves of the opportuni-
; ties offered in the Bullfrog country.
The existing condition of the market. how
. ever presents to the cool headed investor an un-
! precedented opportunity for acquiring pr ,iits
I within a short period, az this decline is destined
! to be followed by an appreciable and sharp re-
} action. The majority of these stocks are today
intrinsically worth many times the present
quotations.
Our advice is to SELL Diainondfcld, Simmer
I one, Goldfeld Mining, Blue Bull and Jumbo,
! aud Buy Black Butte. Red Top, Original Bull
| frog, Montgomery Mountain, Denver Bullfros
! Annex, Denver Bullirog, Belmont and Midway.
; The other stocks are good to hold.
BLACK BUTTE shows more strength than
: any of the other Goldfield stocks. 1t is due for
an advance. The stock is worth many points
I above quotations OF today, and we advise those
; OF our clients who are holders oi this stock to
I retain it, as we consider II n good buy at pres
! ent figures.
+ BLUE BULI-The continued inactivity in
this stock makes it an undesirable investment
under present conditions. We advise letting
loose.
COLUMBIA MOUNTAIN-The work men,
> toned last week as having commenced on this
4 property is progressing in Il satisfactory man
J ner, and there is every reason to believe that
Z this stock will show IN early advance, war
+ ranted by the extensive operations now under
way, which should uncover some great values.
JUMBO has shown but little activity and re-
+ mains very week, with but slight trading.
Z KENDALL continues on the decline, as we
predicted. This stock should be selling for
+ considerably above present quotations, as leas-
I ers are making good showings and there is no
question as to the value OF the property and
its productive ability. The Kendall lease has
!. not been handled as aggressively as could be
+ desired, and to this fact is attributed the poor
& showing of the stock. If the Kendall lease
+ were to start shipping the ore they have in
+ sight and available. there would be no ques-
+ ton but that this stock would assume its
+ proper place and quotation.
+ RED OF is incomprchensible how this
. stock remains at the present low figure, in
+ view OF the improved showings on the prop
+ erty; the values found are second to none III
q the camp. We predict that the present mac
+ tiyity Will be followed by a remarkable I'd
+ vance. which is certainly warranted.
SANDSTQRM shows II further decline. Our
faith In this property is mistaken and the con-
tinucd decline in this stock is another mystery,
especially IN view OF the remarkable showing
made in the last few weeks. The continuity
OF the ledge through this entire property has
been established beyond question by the strike
on No. 10 lease. In the deeper levels Of the
q Kruger lease II simila: deposit to that found
/. in Tonopah has been encountered, which is
accepted as good evidence of the perintnency
: OF the deposits in the Goldtield mineral belt.
= The ONLY reason assignable Tor this decline is
p the fnct that humanity is like sheep. and when
I II stampede once starts there is no stopping it.
The insane panic which was precipitatcd about
2 a month ago in Il certain Southern city, where
, the greater portion of this stock is held, caused
tremendous selling orders, which no amount
OF assurances or statement, of facts could re-
/ strain. This psnicky condition has absolutely
no bearing upon the property values and
. there is no question but that the holders OF
this stock who turned loose under the impulse
of timidity, will long regret their action, a.
this is undoubtedly one OF the best roperties
{ in the camp and will show handsome returns
| to investors .who go in at present figures.
, ENVER BULLFROG-AnOther strike OF
richness, exceeding by far the last uncovered
on this property, is Just reported. Bullfrog is
certainly Il wonderful section ami rightly de-
: serves the attention, OF the world at large.
. which it is now receiving, and hundreds of
thousand, OF dollars are pouring into that sec
( ton daily, being invested by operators of I'M
questioned acumen and intelligent foresight. |
} OF all the Bullftog properties DENVER is con-
ceded to be second only to that of the great
| MONTGOMERY SHOSHONE. We predict that
this stock will be selling at a sharp advance
| over the present quotations within the next
I fortnight.
DENVER BULIFROG ANNEX-This prop
3 crty has been visited. during the past week. by
, a quartette of eminent mining engineers, who
l concur in the opinion that the rich ledge of the
DENVER traverses the property OF this cont
2 pany. The stock undoubtedly offers a grand
opportunity to investors for quick profits and
2 as Il permanent investment.
3 The offering which we made last week was
I rapidly subscribed, and We are now in Il posi-
4 ton to offer 80, 900 shares OF the stock OF this
I company at Zoe per share. 1t is only due TO
T our usual careful Investigation and foresight
. in following the advice OF the most prominent
? mining engineers who have visited this section,
and who are loud in their praises OF this prop
2 ert,. that we were fortunatein securing IL large
block oi this stock at first hand, which we
. now to ineugurate the new regime, offer to
our clients or thi- ground floor basis. 1t will
! IL, necessary to telegraph all orders ior this
, stock. us at l0c it is ar exceptional buy ana be
2 yond n doubt the present allotment will be
. oyer.subscribed within a very short time.
BlLLFROG CONSOIIDATED-This property
i-.auEinn u S1.lnIliL SLnAy;nn md nLnr nrnAic-