The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-04-21
WEEKS MARKET REVIEW

GoLDFIELD, New, April 20, 1905.

WI hOhfSH 'o
market. There have been no pro-
nounced fluctuations in Goldfield stocks.
Tonopahs have ruled strong, with one
or two exceptions. Today's market quo
tations Indicate that there may proba-
ble be several DAYS of inactivity. Dur
ing the lull, however, it is evident that
all offerings of leading securities are alb
sorbed, and that the INSIDERS" are
quietly, and without show, adding to
their holdings, presaging an approach
ing era of very material activity with add
vancing prices. This is unquestionably
the way the straws are blowing, and we
consider this time very opportune for
purchasing at attractive figures stock in
the proved mines of the district.
In a mining way, every days develop
ment but gives added evidence of the
greatness of the district. This is true of
Goldfield and Bullfrog, and none further
doubt the great future of the greatest
camps ever known. One important
feature is the commencement OF opera
tions at two of the new milling plants
that have recently been completed. The
Combination mill and the Goldtield Re-
duction Company's plant are both In
the market for custom ores, and a much
heavier production will result. Unques-
tionably, this will have a pronounced
influence on the market and prove a
potent factor in the future movements of
stocks. There is only way to figure
the market at present: We are having
one of those natural dull spells that are
invariably followed by very substantial
advances, and our advice is to take adj
vantage of every slight decline and pur-
chase the better class of securities. This
policy can result in but one way-big
profits will surely be realized, and the
widest market fluctuations obtained.
Reports from the Red Top are OF very
great importance. They are to the ef-
feet that the mine is showing up even
better han had been anticipated by the
most hopeful of those interested. A
substantially improved showing is noted
on both the 100 and 150-foot levels. In
another week or so everything at the
mine will be in ship-shape for the ex-
traction of ore, and shipments will be
sent forward regularly. 1t will also be
but a short time when the vast reserves
of milling ore will be drawn upon and
the output treated at local reduction
works. An advance of more than pass
ing importance will surely follow. The
best informed predict that Red Top will
reach 50 cents within 80 to 80 days. 1t
is our firm conviction that it is m of
the most attractive buys on the list.
There have been some unavoidable de-
lays at the Silver Pick, and as a conse-
quence, very little activity in the stock
has manifested itself. 1t is noticeable,
however, that this stock has shown
more firmness during the recent reac-
tons than any other stock listed. a
fortnight will see much higher prices
offered for this security.
As forecasted in our last letter there
was a reaction in unprecedented, due
IT, profit taking. The stock declined to
Il cents, where it appeares firm. Our
firm has sent two men to examine the
mine, and they report that the showing
there is one of the best they have seen
in camp. the property now bears all
the earmarks of a big mine, and at pres
ent prices Empire Is without doubt a
Dig buy. With ever confidence II the
world, we predict that Empire will show
substantial advances during the next 30
to 80 days. To all our clients We say
that we consider this security a splendid
of them will follow our advice in this in
StdIltt, DIS We are 81 sult tllat ny ~ W.
they will make handsome profits.
1t has taken longer than expected to
replace the broken parts to the hoist of
the Dixie and, as a result, operations at
this mine have not been resumed in the
shaft. The strength of this stock, how
ever, is plainly indicated in the advance
~tations. At San Francisco and locally
all offerings are being quietly picked up,
and W. a see no reason to change our
predictions regarding the future of this
mine and the stock of this company.
We have sem you our special letter
relative to the Midas Mining Company,
and we trust YOU have given same your
careful consideration. Preparations are
under way for the commencement OF
active development work, and once in
operation the Midas will be thoroughly
exploited in the belief that a big mine
will be developed. One group OF the
company is situated in close proximity
to the recent sensational strike made by
january Jones, one of the luckiest
and most successful operators in Gold
field. This strike has given added i'm
pOrtance to the western belt of the dis
trict, and should greatly inhance the
holdings OF the Midas company in that
locality. The stock is meeting with
ready sale, and we beg to state that
those who wish to get in on the promo
ton floor should not delay III sending in
orders.
superintendent Johnson of the Bull
frog Pedestal reports that work is pro-
crossing with most satisfactory results,
and that the property is showing up in
splendid shape. The Bullfrog district is
making good in every particular, and
now gives every promise of becoming
second in Importance only to Goldtield.
The greatest mine in the West-the
Shoshone-is but a short distance from
the estate of the Pedestal, and there is
no reason why the latter should not de-
velop into a mine of first Importance.
There are those who predict that the
southern district will prove even greater
than Goldfield, and at the attractive
price at which Pedestal may be pur-
chased, we certainly believe that it is IA
most worthy stock for investment.
The new promotions in the kawich
district have been brought to our atten-
ton. They appeal to us as Offering ex-
ceptional opportunities for the invest
ment of small capital They are the