Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1905-07-15
MIMS-SUTRO CO., INC.
Market Letter and Weekly Review
Of Stocks in the Districts.

have been sharp advances in Norrt
Star, Tonopah Extension and We
Emu, and as we have at all times ad
yised the purchase Of these thre
stocks, our clients who have followe,
our letters closely can not have helm
ed reaping handsome profits.
Tonopah OF Nevada remain.
around $3.50. with the diyiden,
which will be paid on July 22nd, thi,
stock is cheap at this figure.
Montana, after declaring a divi
dend of 10 cents per share, payable
quarterly, for some account
reason, declined to below $500. W.
have strongly advised the purchase
OF this stock at anything below So O.,
and feel the same way now. II Is
very hard to explain why a stock an
such favorable news should decIina.
As far as we know at a meeting
held when the dividend was declared.
some of the Directors. which were IN
the minority, preferred not to paw a
dividend at this time, but they were
outvoted and the dividend was da.
clared, as the mine, in the opinion
OF the majority Of the stockholders
could well afford to pay that dividend
n even more. 1t is a matter of rec
ord among Tonopah stocks that on
any good news, stocks decline. Fol
loving In the foot steps of all stocks
where the probability of a dividend
always creates a bullish feeling, #
turns to a bearish one the minute the
good news is out. At the price Mon
tana is selling for today 1t is I'M
q~uestionably n Of the best pur-
chases in the market and we are firm.
ly convinced that none who buy this
stock at these figures can fail to rea-
LIE a handsome profit on their in
Vestment before the end of the year.
The mine Itself was never In better
shape and it was a big revelation to
the visiting brokers and mining mon
when they were shown through this
wonderful property. Mr.. Gillies.
the superintendent who has since re-
signed, simply because he was osfor-
ed a better position with the Tuno.
pah Extension, has freely expressed
himself as willing at all times to be
consulted by his successor regarding
any Of the workings of the mine.
should his services be required. We
advise its purchase.
West End this week touched the
dollar mark, but upon profit taking
receded to 9S cents, at which prica
1t remains very firm. The remarkable
strike Of which we spoke last week.
has proven itself one of the largest
ever made in this district, and as
soon as they have sorted enough Of
the high grade ore to make a shin
ment, we have no h~esiteacy In sayinq
that West End will touch sa.Gc. We
have all along advised our clients to
purchase this stock, 10 we have eyerv
confidence in the management. the
mine and the location. West End is
still a buy.
Midway has not rs yet completed
setting up its new hoist end the mine
IL still shut down bu. upon its re-
opening we look for quite I rise in ,
this particular stock.
Jim Butler is still shipping and ,
the ledge which was discovered in ,
the wandering Boy claim, gives every
indication that The high values VIII
continue. The stock is now selling at
IS cents and we again advise its
purchase at this figure.
North Star is preparing a shipment !
which will be made within the next ,
ten days. The ledge of ore which was
uncovered by Superintendent Cutler :
looking better as the development 9
work proceeds on it and 1t looks MS :
North Star is now one of the d
prominent mines of Toropab. The Il
took a sharp advance, Thurs. 5
day, selling as high as G5 cents, and
look for It to 80 still higher. 3
Tonopah Extension, due to heavy /
orders by the McKane- 9
Schwab people, has advanced very .
materially, and Is now selling at \
55.25. .
Golden Anchor, another of the Nc G
properties, shows considerable !,
strength and is a purchase at the 1,
lgures it is now selling at. Work Y
tlll progresses on the 500 foot level. O,
nd the mine at the present writing, q,
ooks better than ever before. 8
The Monarch Plttsburg Extension T,
inning Company, for which we are St
seal agents, is now down 200 feet. ~
within the next GO days they will
ave sunk the shaft 300 feet further,
making a total depth of 500 feet be-
nHA