Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1905-04-15
MIMS=SUTRO CO., Inc.
Market Letter and Weekly Review
Of Stocks in the Districts.

NhblAD w O@SN - y
is absolutely 10 getting away from
the fact that people specializing in
stocks must learn to take profits.
1t is al impossibility to get people
in at the bottom and out at the top.
Our advice to the specializing public
and all our clients is, to sell on all
bulges and to buy stocks again on
reaction. There are Just as many
reasons for a market to decline as
there are to advance and tho best
advice that we could possibly give,
is to follow our market letter closely
and keep in touch with us and we
will always be glad to answer any
questions. The main reasons for the
decline this week can be attributed
to two occurrences. The first one is
the exaggerated reports Of sickness
in the camp which we hereby posi-
lively deny. 1t is true that the
health OF the camp is not what it
ought to be, but it Is not different
from that Of any other mining camp
nor in the least alarming, The aver
age death rate here has been from
about four to eight a week at the
very most and mostly due to expos
ure and carelessness, People who
take care OF themselves have no rea-
son to fear the sickness we have
now, but it is generally the case,
that people exaggerate get fright
ened, and sell their stocks regard
less OF their value. The other rea
son is the shutting down Of the North
Star which occurred a couple of
nights ago. This is bound to have a
bad effect on all stocks for the sim.
Pile reason that no body has any as
urance that others will not do the
some. We want to 20 on record as
saying positively that the shutting
down of the North Star was entirely
due TO the fact that there are some
internal d~issentions among the di
rectors as TO how the work is TO be
carried on and rs to supplying funds
TO do so. We have never firmly adj
vised the purchase Of North Star. 1t
IS a stock that is hard TO guage. In
siders are buying and selling and
IL is the hardest thing III the world to
keep track of their doings. What
we do know is, that the North Star
must in some way provide funds to
carry on the work. We feel satisfied
that they have no money in the
treasury o any treasury stock at
all. We believe that the money they
had has been %judiciously spent but
that it will take a great deal more
to deYelop this property. We there.
fore have no hesitaucY in telling all
our clients that while the North Star
Is a good property IL must sell lower
unless the insiders see tit to support
il. which we feel certain IN saving
they do not. Unless the largest
holders IN this company supply funds
TO carry on the work, this mine
may be closed down indefinitely.
These two reasons are the m in ones
for the decline in stocks. All have
suffered IN proportion, the good ones
as well as the bad ones. and the time
to buy these stocks is right now
when everybody wants To sell.
TonOpah Common reacted TO SIP
and at that it certainly ought TO be
bought. We positively advise its
purchase, as before January, 1906.
$50 a share will look cheap for
this particular stock.
Montana Touupah reacted to So 90
aud on large buying orders by our
house held as firm as "A rock at that
figure. IL is needless to comment
on this particular mine. We do not
GA y tan1gtfNgIy fltF IIa N,,Nt,n,. ~ 80 nm
pay a dividend by July 9th, but we do
mink that the showing III the mine
and the ore extracted will
justify a dividend OF 20 cents ray
able quarterly. You a not
make a mistake il you buy this stock
as IL is in the best possible shape and
the directors mean to do the right
thing by all the stockholders. Watch
II closely and do not be afraid to buy
it.
The same may be said Of Midway,
Belmont and Tonopah Extension.
All these mines have opened up
large bodies OF ore and will be regu.
iar shippers as 500 MS the railroad
IS able to take care Of the ore.
Mcnamara still hangs around As
cents and West End around 80. Some
Of the principal stockholders Of the
West End are on their way to Tono.
pah and we look for activity in the
stock in a very short while.
Ohio Tonopah is also very firm at
IA cents.
Jim Butler, the purchase Of which
we have been constantly advising, is
booked for 81 80 in u very short
~hile. Philadelphia capital is buying
this stock in blocks. We have
turned down many an offer for large
blocks of it., simply for the reason
that we believe it will sell "A great
deal higher and that it is one Of the
hagt -. MT.