Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1905-08-19
~MIMS-SUTRO CO., INC.
Earket Letter and Weekly Review
of Stocks in the Districts.

This mNdIldpiy OSSul6 dlISI a SldTp
advance such as all Of the stocks took
during the past week.
TONOPAH OF NEVADA today is
s14.0O bid.
MONTANA TONOPAH has reced-
ed: now selling around 1910 bid. The
annual meeting regarding which we
spoke in our last weeks letter Will
take place in Salt Lake City on Sept.
18th, and Immediately after the adj
journment of anne we look for a de-
cided Advancement in this stock. We
think it a buy at the price at which
il is now selling.
ToNOPAH MIDWAY after reach
ing $1.S5, reeeded and today sells for
$1.6O. With the work they are now
doing and with the ore they have al
ready uncovered makes Midway one
of the best buys at the price in the
camp today.
BELMONT, another stock which
took a sharp advance, has reacted and
sells around $3.50. The mine is
making a grand showing and we look
for Belmont to go much higher in
the near future. Buy It.
GOLDEN ANCHOR remains very
firm around 90 cents bid, at which
price it should be bought.
WEST END this week has fallen
from $1.O5 to 95 cents. There is no
apparent reason why this stock
should react to such an extent, as we
understand that they are sacking ore
on the 500 foot level and will soon
make a large shipment. The capital
lists who control this property are
very secretive concerning the de-
yelopment of the mine, but sooner or
later the truth will out, when the
stock will rise with leaps and bounds.
BUY WEST END"
NORTH STAR is the bargain of the
Tonopah district today, selling as II
does around IS cents. We have IL
from the best authority that the daily
shipments of North Star amount to
thirty tons, averaging 800 to the
ton. 1t needs M MATHEMATICIAN to
compute what the annual income OF
this property win be from now on.
Mr.. Gillies. consulting engineer of
this property says, from the show
ing that North Star has already made
1t is cheap at anything under the
dollar mark. Buy II with all conf
dence.
TONoPAH EXTENSION remains
firm around s5.75 at which price It is
a purchase.
JIM BUTLER this week sold as
high as 80 cents, but reacted with
the rest Of the stocks, and today
sells around SO cents bid. We have
constantly advised the purchase of
this stock and think 1t still a buy at
the figure it now sells at. They are
making regular 8 IA .pments Of high
grade ore, and one makes no mistake
in taking on some Of this stock at
the figure.
This week the residents of Tonopah
we're appraised OF two strikes of re-
markable Importance in the western
portion Of this district. The Me-
Kane Mining Company, otherwise
known as the Pittsburg and controll-
ed by the Schwab syndicate ~encount-
cred shipping ore on the 900 foot
level, and on the same day West
quartz stringers carrying extraordi-
narily good values. The Monarch
%Pittsburg Extension Mining Company,
to which we have called the attention
Of the public, lies directly adjoining
both of these properties and is now
entirely surrounded by mines that
have shipping ore. The treasury
stock Of this company, for which VIC
are fiscal agents, is selling at the low
rate Of 25 cents per share. The money
derived from the sale OF this stock
will be used for developing purposes
only. We advise all our clients to
send in their orders at once for a
small block Of this treasury stock, as
1t is our opinion that this stock
represents the best ground floor pro-
position in the district today.
Goldheld stocks this week have re-
NAMED inactive, owing to forced
liquidation caused by a scarcity OF
money, compelling large s%tockhold-
ers to sell their holdings. This, in the
early summer, occurred in Tonopah
but since then ~Tonopah's have re-
covered Upon the entrance of the
railroad into Goldfeld we look for
new life to be enfused into that dis
trict and for a rapid rise in all the
m%eretorious stocks there.
DIAMONDFIELD is selling around
Al cents, but after payment of the
dividend, regarding which We have
given our clients details, we expect
to see quite an advance in this
stock.
TTVrHn@ a --4a.. L.. A.