The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-05-19
MARKET LETTER.
Comments on the Local Situation by
Kenneth Donnellan q Co.
GoLDFIELD, NEv.. May 10, 1870

GoLDFIELD, New, May ~, U
We have Tor tine past several weeks
advised our clients that there was a
stump in the market occasioned from
various causes which .e outlined, and
we also suggested to them that Now Is
the time TO buy for quick profits. The
majority OF legitimate stocks have been
ranging around r~Idlculously low figures,
and these stocks are the ones upon
which the money will be made when
the present slump is over. Most OF the
knowing mes nave realized this fact n
are quietly buying.
We stated III our letter last week that
We thought bedrock had been reached,
and tina more trading would follow this
past week our forecast has proved cor
rect, and trading-especially the last
lew days of this week, has been very
lively III the better class OF stocks. Eas-
tern investors are beginning to inquire
INTO the merits OF stocks before they
buy tins is a good indication and will
result beneticialiy all around, and a gen.
eral feeling to this effect exists, not only
i'll these camps, but in the money CEN
tiers, which are growing stronger, and a
gen, raj feeling of returning confidence
prevails.
\ great deal OF work is being done
throughout the entire Goldiield district.
New strikes are being made on proper
ties worked by private individuals IN
new localities, which have Il direct bear
ing upon the better class of securities.
The mills. too, are now IN Il position to
take the lower grades of ore which have
heretofore been thrown on the dumps
as beng OF too low quality to handle;
. 49,. =. ,,,, - IA.t,,,,l .FGa,+ ,,..nn
the camp by distributing more money;
it has also caused renewed energy to be
devoted to properties upon which $40 to
$50 ore has been found; this has in
stiiled new life into the prospecting; the
result will be naturally that many new
ore bodies OF value will be found.
Taken as a whole-the situation as it
exists in Goldtield today is most encour-
aging. The better class of properties
are proving every day that the lodges
20 down, assuring permanen,y our adj
vice then, to our clients is get in and
buy for quick returns
Goldtield mining is very active: good
judges appreciate the fact that the Janu-
ary is Il mine and that the stock is low
this stock has ranged around 80 cents Tor
the last lew weeks, and advanced to 80
this week, remaining firm with many
buying orders. A new pump has been
installed, and the hoisting of ore is only
the question OF a week.
Jumbo maintained a good price with
little trading.
Red Top has remained strong and
much in demand, having iiuctuated less
than any stock during the slump. Our
clients will remember that We have adj
vised the buving OF this stock consist
emily.
Diamondtield under heavy forced sell
ling, maintained a good figure the latter
part OF the week this is a good buy
now: Black Butte its neighbOr, was
steady around 81 and 32 cents the entire
week, with active buying; this stock
Will 20 higher.
st. Ives. with but little stock on the
market to trade in, has maintained a
strong price. and as the news of a rich
strike in this property has leaked out,
and the fact hat a shipment will be
made within the next few weeks OF a
very high grade Of ore, this stock is in
active demand.
Uncontirmed rumors of a strike in the
Mohawk made this stock active during
the week, but it fell back towards the
end; on account OF it's location alone
relative to other big properties OF the
camp, this is a good buy.
4 new strike has been made on Nc. 10
lease on the SANDSTONE the ledge en-
countered is clearly shown to be the con-
tinuation of the rich ledge on No. D.
To the holders OF this stock this will be
good news, as il confirms u opinion
previously stated, hat this property
will be one OF the biggest in the history
of the camp. That this ledge runs the
full length OF the Sandstone claim is
clearly demonstrated by this late strike.
We will give more particulars next week
relative to the values found in this
ledge. No. 6 lease has good shipping
ore from the same ledge, and hosting OF
ore continues on No. ; lease; this ore is
being handled now by q local sampler.
Sinking on this lease is being carried on
to the 40 foot level, and when this level
is completed an immense amount Of ore
can be hoisted every day. The stock
remains strong and in demand.
Adams. Blue Bull and Dixie have not
vet fully recovered from the effects of
the slump, but will advance with the
other stocks.
Anyone wishing more definite infor-
nation relative to any OF the GOldheld
properties car receive full information
by writing US. Cur closing advice again
this week is Buy now when the stocks
are low for a good profit in the near
future
LATEST nIps:
Tonopah,l common (bid) .......... ...... $40 25