Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1905-10-21
MAGTLL'S MARKET LETTER
The Weeks Movement in Stocks
and work in the Mines.
roNopAn. Nev.. oet q, l905.

ard transactions are rev. Ihls IS
certainly 20 fault Of the mines, as
they are taking out as much ore as
at any time 10 their history, and
opening up new ore bodies from time
to time. There are various reasons
for the present depression. A gen
eral distrust has been created be-
cause Montana has passed its quart
erly dividend, and all other stocks
have shared the effects OF this dis
trust. This feeling in hardly iusti
fed. as conservative business policy
OF the part Of Montaua's manage
ment dictated this as the wisest
course. The management makes the
statement that there is more than
enough money il the Treasury to pay
the usual dividend, but the Company
is about to expend large sums for
expensive betterments, and prudence
requires the passing Of the dividend
until the b%etterments n cared for.
Another reason advanced by the
Montana people active in depressing
the market is the shelters refusal to
take more than a limited quantity Of
Tonopah and Goldfeld ores, The
output OF the mines, instead Of heavi
ly increasing with the advent of inn
proved transportation, as was an
ticipated, is no greater than before,
resulting in great disappointment
and Encouragement to the mine
managers and everybody else inter
ested. But this condition will not
endure. The vital problem Of local
treatment. heretofore a matter OF
momentary and careless discussion, is
nov receiving the earnest and care
full consideration OF men deeply inter
ested in the welfare of these camps,
and doubtless speedy remedy will be
found and applied. As is well known
to all mining men, other camps have
been confronted with the same seri
Gus problem, and in all cases it has
been overcome, and so it will be in
southern Nevada. Yet it remains
true that the cream of stocks have
declined in consequence of these facts
becoming public. Very soon inves-
tors will discover that there is no
real menace to their securities, and
will scramble to get back the stocks
3hey now so freely throw upon the
market.
From the disappointing perform
c Of the Tonopah and Gold6eld
stocks, one turns with relief and sat
isfaetion to the development of the
new camps. Manhattan is the cen
ter OF interest the last few days.
Yesterday the first sample shipment
OF ten tons came through Tonopah,
in charge of heavily armed guards,
on its way to the sampling works.
On flying streamers it was announced
that the value averaged 1000 per
ton, but reliable private information
was to the effect that the value would
probably run closer to $4,000. This
is soon to be followed by regular
shipments from that point. Consid-
ering the youth Of Manhattan, is this
not u magnificent showing2
A new strike has been made in
what is called the Gold Arrow dis.
trict. The lodges in this district are
said to be very wide and OF high values
aud several milling propositions are
in sight. This discovery establishes
that the whole section of the country
between Kawich and Typo is thor
oughly ~miuerallzed, opening up i'm.
measurable possibilities.
No n acquainted with the facts
any longer questions the future o.
Silver Bow. Owners and leasers il
that camp are breaking into new ore
bodies from time TO time, and there
are many applicants for leases. TIT
well known McGonnigal and Catlir
properties are busy bee hives. Cap
italists are going into the distric
and picking up promising propertie.
at fancy prices. Kawich will be
very active center OF operations dur
ing the winter.
The treasury stock OF many OF til.
companies organized to operate il
these new districts is now offered 70
sale. Everybody who can afford t
do so should get some OF these stock
while low in price. Several months
work will develop some OF thes