The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-04-07
WEEKS MARKET REVIEW
As Presented By w. r. Bond q Com
pany, Brokers.
GoLpFIELp. NV, April 8. 100;

been no very great fluctuations in Gold
field securities. As was to be expected
trading has been mostly in Tonopahs,
as a result of the announcement from
the company's office that the Tonopah
Mining company had declared a % cent
dividend. This resulted in Il pronounced
upward oveme in all leading Tono-
pah stocks that was followed during the
latter part of the week by a slight reac-
ton due, primarily, to profit taking.
Reports from a number of Tonopah
mines has been of the most optomistic
tone. Development work on the Golden
Anchor and North Star has beer of
more than transient Importance, and
these properties are showing up better
than ever before in their history. Ton
opah seems to be on the eve of great
events both in mining and speculative
sense and continued advances may be
looked for, with occasional set-backs
from natural causes.
The Jumbo meeting at Goldtield
passed practically as predicted in our
last letter. The Taylor cClelland fac
ton was in complete control, electing e.
ID. Taylor, president; IL. l.. Taylor, vice
president and G. p. Holt, secretary.
The stock has been strong and some
what active, advancing to 80 bid under
small sales. 1t is difficult to surmise
what the next move will be by the Nc
Kane faction but We are informed that
no effort will be made toward resump-
ton of work on the Bonanza until all
litigation is at an end. 1t will undoubt-
edly be advisable to await further de-
velopments before trading in Jumbo.
There was a surprise sprung on Dia-
-, Sol ~ tln nfurA nf N lnnr fpnxrn-
ment of a most pronounced type. The
announcement was circulated that two
shiftr were laid off and that the mine
was not looking so well. To carry out
the plan of the bears on this stock u
block was thrown on the market, break
ing it to 80 on Wednesday. This was
followed by a quick rally to "a. The
significance of the move is hidden and
it may be possible that a further raid
will be made on the stock. From the
best sources, however, it is learned that
the mine is in first-class shape and
though there may be other raids we
predict that the stock will eventually go
higher than the figure at which it was
quoted before the break. We advise
the purchase of Diamondfeld on all
breaks, and to those who care to take
advantage of slight or sudden fuctua-
tons we suggest that they sell on all
bulges.
The Dixie mine is looking better than
ever. Recent exploration work has de-
termined two most important facts o
corning the formation of the ore bodies
OF this property. The shaft has reached
a depth oil 2l0 feet, where a station has
been cut. At this point the ore shoot
has broadened to fully Is feet. This
magnificent body of ore was sampled
this week, giving the following results
from three assays taken to determine
the average value of the entire width OF
the ledge: S24S, $3.50 and $3.50. The
other important feature is that there
has been proved a cross vein, connecting
the main lead with the parallel ledge
that has been opened at a point 100 feet
east of the main workings. This cross
lead is to be followed in the belief that
q very rich shoot OF ore will be tonnd at
the j%uncture OF the two. This presump-
ton is based upon all developments that
have been matte in camp on other prop
critics. We emphatically repeat that
Dixie at the present market is unques-
tionably the best buy on the list. 1t
, will be wise to get in before the oppor-
tunity passes.
Silver Pick suffered a slight reaction
from profit taking. At present prices
it is an unusually attractive buy. The
| showing on the leasing company's work
ings and also in the cOmpany's shaft has
been improving constantly and now we
are informed that the hosting of ship
ping ore will commence in a day or two.
Silver Pick should not be overlooked by
the investing public.
Red Top has held firm. Trading in
the local market has been from one to
two points above the San Francisco ex-
change, indicating the fact that buyers
are confident that a sharp advance is to
be expected. In fact, it is openly stated
that the market at San Francisco is
maintained around 40 in order that all
the outstanding stock offered may be
picked up at the best figure. This GER
tainly seems borne out by appearances
as the inside is undoubtedly in the mar
ket for all offerings.
Reports from the Bullfrog-Pedestal
are in effect that work is progressing
with most gratifying results. a big
force OF men is employed and the prop
erty is being opened up in a systematic
manner. There may be an important
strike on this property any day and we
saw to those who have not taken on a
block of this stock that the opportunity
may slip any day. Higher prices are
certain for this security.and the POSSIBLE
tiles of an investment in the stock are
almost unlimited, as we believe the Pc
destal group has the making OF a big
mine.
The market generally, is in such con-
dition that it is quickly affected by out
side causes. Tonopahs, as we have
stated, will likely command the most
attention for the next week or two but
there is every reason to expect important
movements in Goldfeld securities be-
fore another thirty days pass. We again
suggest that it is perhaps best to buy on
ali breaks and take profits when they
are in sight as "You can't lose by TAX
ing profits"
Today's quotations:
GoLDEIELD DISTRICT. Bid. Asked.
Jumbo Mining COmpany......x % u
Goldfeld Mining Company. "a
Diamondfeld MiningCompany 50 81
Kendall Mining Company. 81 IS
Columbia Mountain ....-...... 81 %,
Black Butte. .......... 40 ~
=, UnA.- . A. NJ 70 1