Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1905-10-14
MAGILL'S MARKET LETTER
The Weeks Movement IN stocks
and work in the Mines.
ToSopAH, New. Oct. IA, 1905.

There is a right time to do all
things. and again, a time to leave
things undone. Can anyone ques
tion this is the time to invest IN
Nevada mining stocks, Is it not the
mart Of wisdom to buy when things
Are cheap, and sell when they are
dear? The market in Tonopah, Gold
field and Bulltrog stocks is admittedly
below the intrinsic value. II is an
Indifferent market.
For some weeks 1t has been gener
ally talked and expected that bulllsh
influences and conditions would lift
the market completely out OF its
lethargic state and send prices 20 the
point they merit. The situation is
anomalous. There is every reason
why stocks should appreciate in
value. The majority of the mines
are developing splendidly, a number
OF them shipping large quantities Of
ore. Transportation facilities have
been increased and improved, and
ore Of high values is known to exist
in enormous quantities. The COM
panies enjoy the management of hon
est and efficient mining men. 1t is
true that a hostile factor has arisen
in the fact that the smelters have
raised treatment charges to the ex-
tortion point, and worse than that,
refuse to take ore in larger quaint
ties than they have been accepting,
thus limiting the output of the mines.
Finally this will result in a benefit to
the camps, because it will speed the
construction of local reduction plants,
now contemplated.
Why then this apathy in stocks at
the present time, when the logic OF
conditions should send them soaring?
A mining engineer connected with
one of the finest properties in this
camp, upon being asked for an ex'
PLANTATION of a recent temporary de.
cline of the price of the stock of tina
particular mine, told the writer that
he could not account for it, but tina
the mine looked better than ever
The explanation is not one to tn,
credit of the average investor, W,
are governed mainly by u emotion
instead OF u reason. At such time
as these there are a few wise one
who lay the foundation for riches ou
of mining stocks, They quietly ex
anime into the merits of investments
purchase, and lie comfortably bac
and wait. Soon the movement bt
gins, for a few others grow wist
The movement gains momentum, an
10, the crowd, who always knew tina
this, that, or the other stock was
good buy, come in to swell it, gene
ally too late. The stock buyer shouI
live his convictions, get all the info
nation and advice he can, but
guided by his own light and judgmer
and profit by his own courage an
enterprise.
Emphatieally, this is the time
buy southern Nevada mining stocks
Either Tonopah or Goldfeld are fai
ures, doomed to early oblivion, or ii
stocks will go-they must go u
Tonopah a faiiurel Goldfeld a fai
ure! Pause and think. There al
the massive stone structures buildiu
around US; r not they indications
progress and permanency? I'll
railroad is skirting through Il
country, work has commenced {
another, aud still another is pr
iected. The men building these ha'
studied the problem of future al
lasting profits on their investment
Mr.. Charles Schwab, the steel ma
nate, who visited with us a few da
ago, and a heavy investor in southe
Nevada mines, made the stateme
while here that he would reinve
every dollar he has heretofore ma
here in other mining enterprises
this region. He is an illustrious e
ample of the money making instir
coupled with good judgment, a go
man to watch aud initiate. The
things and many others attest I
permanency and prosperity OF
mining industry Of southern Nevat
Seldom are the opportunities
the acquisition Of q competence,
wealth and riches equalled by thu
now offered here. A number OF