The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-03-10
WEEKLY MARKET LETTER.
Comments on the Local Situation BY
Kenneth Donnellsn q Co.

Comments on the Local SITUATION Dy
Kenneth Donnellsn q Co.
Conditions were practically the same
this past week a. were indicated In our
last weeks market letter prevailing the
week previous; some of the Goldheld
stocks advanced while others declined,
but the decline was so small as not to
materially affect the market. In all
cases where decline was noted 1T Is
clearly traceable to profit takers; the
stocks SO affected being largely dealt in,
and yet a large number of shares chang
ing hands did not materially affect the
prices of anv of them. The stock that
showed the greatest advance during the
week was Jumbo, when, owing to the
dissolution of the ~receivership and the
reinstallation of Messrs. McKane and
Kernick, caused the stock to advance
rapidly, at one time going above par;
but with this settlement of the legal
proceedings and the advance in price we
consider it a sale at the present figures.
Goldfeld Mining remains stationary
around 7Sc in spite of considerable trad
ing, and rom indications at the Janu-
ary we look for this stock to advance
shortly. Mohawk which fell back the
previous week under profit taking adj
vanced again this week and was held
strong at 23c and 24c. Owing to its To-
cation this stock is a good buy around
these figures. Red Top suffered some
what in the slump, going down to 35c
bid. Before the announcement OF the
strike in this property we advised our
clients that it was a good buy and told
them to get in. We, again, say that
around the present figures it is an ex-
%cellent buy; in fact, one of the best in
the camp. We have advised all along
that St. Ives was a good buy. The bears
renewed their effort to break the price
of this stock down, but if our clients who
have purchased this stock will hold it
they will find it a money maker for
them. The property is being put in ex-
cellent shape by able management and
when shipments are commenced they
will be regular and stock will advance.
Columbia Mountain advanced 8 points
during the week and was in considerable
demand. There is a great deal of work
being done on this property. Kendall
remained at the same figures as the pre-
vious week, the leasers not having made
the shipment which they have sacked
on the dumps, but when this shipment
is made the stock will advance. Adams
was largely traded in and the stock re-
manned about stationary, falling off only
2 points under heavy trading. The
strike reported on the Quartzite claim
on the Diamondtield has proven to be
much richer than first anticipated and
the stock has shown q material increase
in price, several tons of ore sacked by
the leasers proving a value close to $19,-
600 to the ton. Black Butte, OF favora-
BILE reports recei led from that property,
advanced from 33c to 42c, and will go
higher, following in the wake of it's
neighbor, the Quartzite, AZ extensive
work is being done and a large strike is
imminent. Original Bullfrog declined
during the week but reacted to about
the same figures which prevailed the
week previous. Active work is being
prosecuted on the Goldfield-D Diamond
property, which stock is selling at 12c
per share, large orders having been re-
ceived for this stock and from reports
received from the property the point OF
contact of three distinct lodges has been
found, the shaft is now being sunk at
this point and while good milling ore is
present, shipping ore is apt to be struck
at any time. Putlach, Vernal and Blue
Bull maintained about the anne figures.
Sandstone continues to advance, some
sales having been made at soc and Sic
during the week. The property CON
tinues to improve with development and
the new hoist will 1901 be in operation
when an immense amount OF ore will be
lifted on the Lotus lease from the So
foot level, and preparations are being
made to sink to the lOO-foot level at once.
All the other leases are improving and
the property is in fine condition.
We have this week closed a contract
with the Western Union Telegraph com
pany by which we have a private wire
between our Goldfield and TOnOpah Of
fees and San Francisco direct. We can
in this manner insure u clients imme-
date and prompt service and give them
the full benefit of prevailing market
prices. Work on the wire has already
been commenced and it will only be a
short time before completion. That
such a move on our part will prove a
benefit to our clients they can readily
Judge for themselves. We quote
LATEST BIDS:
Ionopah, common WILL -
MODfaD M TODOpah 2 IN