The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-12-10
NEVADA STOCKS REVIEWED.
Signs Point to a Renewal of Last
Years Boom in Prices.

Nat Boas, san Francisco correspond
ent of James A. Pollock & Co, over
their private wire yesterday. reviews
the weeks situation in the Nevada
mining stocks, as follows:
The market shows renewed signs OF
equalling last years boom, due to the
wonderful showing of some Of the
GOldheld mines and the rich bodies Of
ore lately uncovered. Smelter troubles
have forced mine-oWners 10 look
around, which has had a beneficial
effect. 1t is currently reported here
that the Martinez (CaLl smelter has
been purchased by SChwab for the
TonOpah Extension ore, and the Mid
way mill Of Tonopah is fast being put
in condition for work. other owners
are now looking around, and the cree
tion of two more smelters is assured.
The rise in some stocks has been SEN
satioual Red Top especially so, carry
ing the market with it.
TonopahS all have a firm look Bel
mont and Midway especially. but Mon
taua appears weak. This company has
about 100000 in the treasury. but it
will be necessary TO eXpend about $5O,-
GOO in repairing HOSTS, shafts, etc,
which almost clinches the skipping
OF another dividend.
Midway is showing up wonderfully
and great ore bodies are being blocked
out. This company viii continue divi-
dends quarterly al > cents, with all
indications of an increase towards the
middle OF next year. Stock should be
bought and put away, as insiders are
picking IL up at those prices, and have
taken considerable stock from the
market. McNamara annual meeting
comes next week. Stock looks high
enough at present figures.
Reports from Tonopah show Belmont
10 be the future mine of that district
Immense bodies OF ore are blocked out
and last weeks shipments amounted
10 500 tons, averaging over $4,000.
Eastern points continue TO buy, and
my informant tells me there is over
100000 in the treasury. Their ship
ments viii continue and all indications
point TO a dividend the early part of
next year, probably of 10 cents. It
looks best Of all the Tonopahs at pres
ent. North Star shows great activity.
going from % 10 - cents. 1 am rell-
ably informed that an eastern syndi-
cate is now dealing with Golden and
Ramsey Tor their control and that
Frank Keith, of the Tonopah Mining
company, Is examining the property
Tor them, II a sale is made the stock
VIII go 20 over so cents. The present
owners are responsible for low prices.
having sold considerable stock Gold
Mountain Is showing up excellently,
and the stock is being bought By the
east, Control is held by Nixon. Wing
field and Brougher, and should make a
great property in the future. Jim
Butler sold down 10 O. cents. The great
weakness is due 10 pressure Of selling
orders from eastern points. Little work
is being done on the property. but the
directors have promised TO force things
after the first.
Tonopah common sold from Sl3 90 90
Sli.5e, but Is now somewhat weaker at
Sli.o0. Railroad earnings and ore ship
'nents from the company's mines con-
ttuue very large, and il Is predicted
the dividend will be increased 10 10
cents after the coming quarter. Tono-
pah Extension is inactive. ore ship
ments are not very large. SChwab ana
crowd protecting the stock, very little
being afioat. PittsburE Is buying at
500. which is Il healthy indication.
Golden Anchor IN being picked up By
the inside crowd. although Plttsburg
has been selling, keeping stock down.
Stock is well thought Of in Tonopab
and viii surely do better West End
continues systematic DEVELOPMENT.
stock is low at Sl.22lA and win also
sell higher. carrying Ohio Tonopan
with IL. The latter looks cheap al %
cents. Tonopah Home is being slowly
cornered By Pittsburs capital. thcy
having bought over 100 600 shares dur
Ing the past two weeks. So far The
mine shows no ore, but its location
promises well.
Red Top jumped from % cents 10
El05 ana, outside OF very rich ore bod
les already uncovered, can find no
reason for it, although continued
rUmors say some syndicate is after the
property. II has a bullish appearance
az % cents bid. and insiders are not
selling, which makes stock OFFERINGS
extremely scarce. II is the best devel-
oped mine in 6oidfcld ana should sell
higher, Goldheld Sandstone. Kcnd7n
md Jumbo show no new development,
eut the usual rich ore and develop
nent work continues. and their
ltrength is purely due 10 syn1pathetlc
feeling with Redtop and the excellent
ncation OF the properties. Adams,
Dixie and ST. Ives have been slaugh-
cred by insiders, depressing prices
considerably, and if the Goldneld mar
let continues firm this latter stock Mill