The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-02-03
WEEKLY MARKET LETTER.
Comments On the Local Situation By
Kenneth Dennsllsn q e.


For the past four or five weeks We
have leen advising "a clients that q
material advance could be expected all
along the line on stocks of Tonopat and
G"idtield. A comparison of the quota
tions will show that we were right. The
market has been extremely active in
the majority of the stocks of both Camps.
The stocks of merit show a most rapid
advance and we think that in all cases
showings made justify it. We look for
a still further advance and would advise
our clients to get in quickly with their
orders.
On the Sandstone extensive work is
being carried on and big developments
are looked for in the near future on all
claims owned by this company. The
LOTUS lease lie looking particularly
strong, 20 per cent of all the ore that
has come the rich lower vein has been
sacked and shipped, amounting to about
$25 600. The mill dump has $50 tons of
$50 ore, amounting to $l2,5OO, or a total
output for the months of December and
January of $37 500. This rate of pro-
duction will keep the Sandstone fore
most among the large producers of the
camp. They are now sacking the ore
for the fourth shipment and extra shifts
have been put on at all points. The con-
tractors for the 28-horse power hoist are
working rapidly and expect to have the
work completed in Is days. The incline
shaft is going down-dOuble shift-and
will be 80 feet in depth inside of two
weeks.
Work is going On steadily at the Sim
merone and that company have a ship
ment ready to go forward, two tons OF
| which will probably be shipped by x
press. as it samples from SIS 900 to $780,
600 to the ton. This company is CAPT.
talized for SOC, 900 shares, par value 81,
and the stock closely held at $1.25 to
$3.50.
Goldfeld Mining has advanced rapid
ly during the week and it promises to
go still higher.
Red Top has remained about the same
as last week, but we do not Look for it to
stay at this figure very long.
Diamondfeld has also shown an adj
vance owing to the good showing made
en- the property.
There has been a great deal OF activity
in Adams and our clients should follow
our advice in this matter and get in at
the low figure at which it is now quoted.
New developments are expected there
daily and when they are made the stock
will Jump materially.
A great deal of work is being done on
the Black Butte and as they are bound
to catch the Quartzite ledge considerable
trading is being done in this stock.
More attention is being paid to the
stocks On properties which produce low
grade ore, owing to the fact that five or
six mills are in process of construction
and another coming in soon, which
will enable these properties to become
dividend PAYERS.
Last week market letter contained
the special announcement that we had
an option on a small block of stock of
the St. Ives Gold Mining and Milling
company. We stated that our option
price was 321ac per share, and that we
would let our customers have it at 35c.
We further stated that this was the
only stock in the market that it was i'm
possible to obtain it anywhere else.
Since this announcement we have sold
a satisfactory portion of the stock to
clients who are either cOgnizant of the
merits and management of the company
or who having profited by our advice
in the past have not hesitated to follow
it in this instance. To all such we
again say-buy this stock while it is to
be had! We have received many writ
ten and Geographic inquiries for further
particulars of the company, location of
the property and its record. The COM
pany is organized under the laws of
Arizona and is capitalized for 81 900 900.
Property is situated just east of the
Jumbo, has four shafts, from all of
which ore has been taken varying in
value from milling ore to that which ran
as high as $4,750 per ton. Three ship
ments have been made averaging re-
spectively $215,71 1926 and 1891, al soon
as the company's hoist arrives = large
production can be counted on. We again
assert that the small option is n of the
best investments in the camp.
We uuOte: