The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-06-02
WEEKS MARKET REVIEW.
As Presented BY w. r. Dond q Com
pany. Brokers'.

HtCtluS tHt pIoituHCtu hHlO Chhtht
in the mining situation during that
period. Black Butte has been prac-
tically the only exception, a reaction
having been recorded from the sharp
tulge that carried this security from
so to 80 cents during the previous
week. Jumbo has remained station
bid; Blue Bull, Columbia Mountain,
st. Ives, Silver Peak and Lone Star
nave also maintained their respective
figures of a week ago, while Sand
storm and Jumbo Extension have
shown substantial advances. In mil
ing and brokerage circles there is a
general and pronounced feeling of OPP
timism as to future movements and
Ill indications point to a resump-
ton in the heal future of active trad
ing with renewed confidence in the
situation and a corresponding upward
tendency that will carry prices up to
4 much higher level, where they un-
q~uestlonably belong.
Two strikes of first Importance and
several of secondary Importance have
teen recorded during the week. On
the famous Sandstone, bonanza ore
mas again been opened. For some
time development on this property was
teing prosecuted with unsatisfactory
results. In a short crosscut from the
80 foot level a body of very rich ore
vas broken into on Wednesday morn
ing, proving that work had been ear
ried on without exact knowledge as to
the whereabouts of the richest por-
ton of the ore body. Inside reports
from the property are that IA inches
Of ore has been exposed in the cross
cut referred to that will average sev-
eral thousand dollars to the ton,
cqualing in richness any of the ex-
ceptionally high grade product mined
rom this property several months ago.
samples from the find show up equal
~ as rich az any seen from the Sand
storm during the exciting days when
such values were being taken from the
mine. In addition to the streak OF
'jewelry shop ore there has been
opened up Il fine body of mineral of
Iilling grade ans. the output from the
property will be increased to such ex-
ent as to place the Sandstone anUns
the heaviest producers of the district.
Fnc stock at the present market quo
tation is unquestionahly an especially
attractive investment.
Or the Gold Coin claim Of the jun
20 Extension mining company a very
Important strike has been made. In
I shaft that was recently started n
, foot body Of ore has been disclosed
that will average close to $1,000 to the
ton. As Il result the stock has adj
vanced in price several points and,
with possibly Il slight reaction from
profit taking, should attain to It much
higher figure within the next two
| weeks.
,.oik on other properties OF the
district is being prosecuted with great
energy and improved conditions are
noted. The output of the camp is in
creasing daily and the payrolls at the
several milling plants are being added
to as Il result. The Combination, New
Western Reduction and Goldfield Re
duction company's plants are running
day and night and the Columbia samp-
Ter is congested with ore.
There is also an important news
item to record in connection with the
settlement of the differences that eX-
listed among the directors of the En-
pire company. Lessee Walter O'Brien
has gone to San Francisco. where ne
gotiations are pending for the pur-
chase of his lease by the company.
If the deal is contaminated, which
seems very probable the property
will be operated on a big scale on
company account and all the profits
that will be realized from the produc-
ton of ore will directly benefit stock
holders. With the showing OF the
mine and all differences dissipated the
Empire should rapidly develop into
one of the greatest buys in the his
tory of stock trading in Goldfeld.
We unhesitatingly urge our clients
to secure a block of this stock before
the sharp advance comes that is GER
tain to follow the resumption of work
on the Empire within a week or so.
Our outside man, who has just re-
turned form Kawich, reports that a
fine body of ore has been opened up
on the Mono claim of the Mammoth
Kawich Mining company. The fol
lowing assays We're obtained from
samples taken from the find Si9.6O:
$40; $107; 1922. Some splendid as
says were also procured from he Kaw-
ich Standard, and we consider both of
these attractive buys at the promo