The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-04-14
WEEKS MARKET REVIEW
As Presented BY w. r. Bond q Com
many, Brokers.

INt bhdf MI lbt past Ntth las bttH
decidedly %erratic. The principal feature
was a pronounced slump in Tonopah
and Goldfeld securities that came sud-
denly from a volume Of selling orders,
%eminating principally from Tonopah.
The cause was the hegira from that
camp. due to q scare from what at that
time appeared a threatened plague,
which came in a virulent form and
\ caused the death of n number of resi-
dents. For some time the doctors were
at a loss to determine the cause, but
have finally solved the mystery and all
scare j. at an end This restored con-
idence came on Thursday when the
market recovered rapidly and showed a
much stronger tone than for some time.
Good will come from the evil, in an in
direct way. The market will undoubtedly
he benefited as all shakv holders of
stock have disposed of their holdings
and securities are now generally in much
stronger hands. During the last of the
week a much healthier undertone was
noted and the sharp advance. that was
! upon us Just before the unexpected
break. NAV he looked for in the immed-
,ate future. ON all breaks. as we stated
in our last letter, stocks of real merit
should he purchased. BY following this
rule the very best results will be secured
and the widest fluctuations in the mar
ket taken advantage of.
In a mining wav the district looks
better every day. During the week sew
eral important features OF DEVELOPMENT
have occurred. The Florence has de-
veloped into one of the greatest mines in
the country. Magnificent bodies of high
grade shipping Ore-a great deal of
which will yield above 81 900 per ton
have been exposed on the $50 and 800
levels. In II days 225 tons of ore were
mined from this property. The impor-
lance OF these developments can hardly
be overestimated, as they give added
| strength TO the claims made that Gold
field mines will &C down to great depth.
4 strike of ia more than transient
importance has beer made on the Empire
Goldfield, and they are now sacking ore
that averages in value from $400 to $500
| per ton. As q result OF the discovery
Empire advanced to 20 cents a share and
if the ore shoot holds out. as it appears
to be doing, another shipper will be
added to the constantly increasing list,
an eventuality that will greatly help
the market and the camp generally.
I[tJlti a SIlSiIl 1tittl'i HUN WI ldhlI1S
Empire should be an especially attrac-
tive buy.
But for the breaking of a part of the
machinery of the hoist the Dixie would
have this week entered the list of ship
pers. The broken part is being replaced
and the first shipment from this prop
erty will 90 cut in a very short time.
The fact that a regular producer has
been DEVELOPED in the eastern belt of the
district will he given wide publicity and
the stock will then he in even greater de-
mand than at present and the price will
cOrrespondingly advance. The man
agement is paving no attention to the
stock market but is mining on a broad
and systematic scale. The Dixie is I'M
q~uestionably a great mine, as has been
proved by development, and the stock
is one OF the hest BUYS that has been
offered by market conditions for many
months.
! On the desert Rose claim of the Nav
Queen company there has been made a
, strike OF considerable importance.
At a depth of Is feet a body OF $3.50 ore
has been disclosed. In prospecting this
lead the shoot has been proved for
over a hundred feet in length and
promises great things. These import
ant strikes will certainly give a stimu-
lus to the market.
Development work continues on the
Black Butte, where sinking is under
way. The shaft is to be put down to
sufficient depth to explore the extension
of the Quartzite ledge. When this is
consummated the stock will advance
materially. For a bold and cOnserva-
tive investment there is nothing more
attractive than Black Butte.
Considerable dead work has been
necessary on the Silver Pick in order to
prepare for the hosting of ore. This
has been completed and next week
should see important events in this
property. At present prices, % to "a,
Silver Pick is a good one.
Reports from the Bullfrog Pedestal
state that the shaft is in lode porphyry
and that the property is looking re-
markabiy we'll. The stock will be
listed at once and a sharp advance may
be confidently anticipated.
We stand by our past predictions and
advise the purchase OF Dixie Red Top,
Black Butte. Silver Pick, Lone Star,
Empire and Pedestal.
Today'S quotations: