The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-11-26
NEVADA STOCKS REVIEWED.
Breezy Talk on Market Conditions at
San Francisco.

Nat Boas. San Francisco correspondent
OF James y. Pollock & Co., over their
private wire reviews the weeks situation
Ia the Nevada mines, as follows:
The market during the past week has
been very weak under fiood OF bis
selling NOrdeTs. driving all tho leaders
from five 10 fifteen noints lower. This
Is probably due 10 shoTtnesS al money.
continuation uf SsCcitCr troubles. and
margin stock being thrown on the mar
ket But yesterday healthy reaction
set ia. and the market is much stronger
With some good buying orders in. IL
VIII rally and take them higher for the
Montana Tonopah stock is coming from
the east and not much OEe Is being
shipped. Midway is drifting on the lower
levels. with lots of hlgh-grade ore. Ship
ments last week were about ninety-flvo
tons Of $50 ore.
MacNamara Jumped from 81 10 10. as
BoraN Saith OF the West End property
thinks j. possible the ore may din into
hacNamara ground and has bought that
property FOR protection of the West End
property. Tie has now over 400.uoe out Of
NStOlO shares issued, and this is a good
thing FOR IOuODah. as Smith is q very
progressive man, and OF the right kind.
l would not advise purchase vet as the
STOCK may react ana go down
Belmont shipments are about 156 tons,
averasing over SloJ. There is little
stock atloat out here and IL IS closely
held by Phlladelphiaus. North Star was
bad actor, selling as low 40 "a cents
and TcaCflug 10 81 cents. margin stock
making IL weak. / look for lower prices.
Gold Mountain az 5 cents, its present
price, Is very cheap, and / advise its
purchase, as the property is an ore pro-
Queer and viii surely do better. BuUeT
Is inactive and little work is going or in
the property. n will probably sell lower.
1OnOpah OF Nevada is strong at SlS bid,
and with little stock on this market. The
east has been buying the past two weeks
al Sl5 and il should do better. the come
pauy made tho biggest shipment on rec
ord last wcek-l,vej tOns-m Onopolizins
most Of tho cars. Thi1 held down snip
fnents OF dthc- companies.
Golden Anchor is weak in sympathy
with the balance of the market, and its
inability to ship ore. Tt is \ I. and al
he first rally of the market this stock
WI lead, as htue OF IL is around Cross
cuttlas Is progressing rapidly and orc
may be struck any day.
The camp of Tonupah is very quiet and
there is considerable sickness III the
camp, with q shortage OF money and the
banks not loanlnS nearly so freely as
before. This also relates 10 Goldfield,
where the mines are all in GOOD cOndi-
lion ana some showing very high grade
ore. especially Kendall, Sandstone, Dia-
nondfield Consolidated and Red Top the
latter looking best Of all. It's ore bodies
are very distinct and Will some day make
he 2-lne OF the district The insiders
have been buying.
strength in Mohawk is due 10 some
surface ore. This and the Conqueror are
very well situated. being close To tine
Jumbo and the Red Ton. Adams stock
- AlaaLi-- around ana weak. DING Is
sun being unlOaded by insiders. The Co
lumbia Mountain stock pool has been dis
solved, causing weakness. Three or fuuI
tunnels are being driven on top of the
mountain Jumbo is Inactive and hard
10 size uP, although the property is well
thought o. but Is under door manage
ncnI The Jones lease on the Silver
Iick is locking fine, some good ore being
taken out. Goldfieid men are big buy,
crs. Diamondfield Is uncovering orc in
three places on the l50-toot level oI The
Black Butte. there being. eight feet o.
so ore and eight feet of so ore.
All Bulltrog stocks are weak and IN
active and trading IN them is limited
At present a great many buying orders
are in for GOldfiGld and TOnOpah stocks
which Will rally all of them three to five
points, but oWing 20 neaFness OF Xmas
which IS sure 10 bring stock 10 market
. look Tor all Of them 10 20 back aul
perhaps lower than before.
John Brock, the president OF the TonO
pah Mining company ana TOuOpah Rail
way. company. with his directors
reached san Francisco from Tonopat
yesterday. They say that as soon "a
rails can be had-aud these at present
are a scarce article-the railway will D.,
built from Gcldf!eld 10 Bmlfrog.