Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1905-07-29
MIMS-SUTRO CO., inc.
Market Letter and Weekly Review
Of Stocks in the Districts.

stocks They show considerable
strength. however, and the rise Ihat
we have predicted cannot be delayed
for long .
Tonopah Of Nevada has this week
SOLD as high as $14. WehaVe always
advised its purchase. i 90,
Montana is now selling at S3.Oz3
Elk. Dividend, and at this price we
Think it a good buy, although there
is n chance in Il opinion Of II gong
slightly lower before the advance
takes place. We think It a BUY AZ
the figure.
West End this week sold as high as
$l.073. The shipment Of which we
smoke last week has not as yet been
made. but as soon as West End gains
place on the regular shipping list,
And with better shipping facilities,
which will come to Tonopah within
The next sixty days, we predict tins
mine viii be one Of the largest ~
the district, and we still recommend
its purchase at the prices 1t which II
is now selling. ,n
Midway is again working in full
blast The ledge which was encouns
conntered on the 40 foot level Is
showing wonderful values. The mine
4 IN excellent condition, and we adj
wise its purchase.
Golden Anchor still holds firm
around 95 cents, and we look for a
sharp advance in the near future
North Star. since our last letter,
has receded and is now selling at "a
cents bid at which price in our opin
ion it is a bargain. There Is no
reason why North Star should now
sell at "a cents when before they had
any indication Of ore it sold at the
zane price, and with q ledge of three
feet Of 5000 ore uncovered, with com
petent engineers in charge OF the
property, and with a directorate
composed Of the best men in the com
munitv, we can see no reason why 1t
should not be selling around the dol
lar mark, and we honestly think that
this figure will be reached within a
very short time.
The strike on the Ohio, of which we
smoke last week, still continues tc
make an excellent showing. The
stock has fallen off and is today sell
ing at 30 cents, at which price we
recommend its purchase.
The Monarch Pittsburg Extension
Mining Company, for which we are
Fiscal Agents, is still sinking its
shaft. with every Indication that q
ledge will be encountered before The
expiration OF the contract which calls
for three hundred feet, making thu
total depth OF the shaft $50 feet. a
small block Of the treasury stock
shll remains on hand, and we advisI
our clients to take on some OF Thu
With every confidence, as we think
ore 81 The best ground floor propo
sitions now in the Tonopah District
fTnnopah Gold Mountain has mad
another shipment, the returns 0
which have not as yet reached US
The ore which they are shipping !
not picked, but the results from til
last shipment showed that even thi
ore l. Of paying quality, and whe
they begin sorting, the values shoul
ran 500 ! o the ton or better. !
property which has shipping ore, an
the stock Of which "a be Dough
around II cents, is certainly a bar
gain. Buy it u
Another cheap stock regardin
which we are very sanguine is Tone
pah Home, The property OF thi
company adjoins the Montana TonC
pab. Golden Anchor and Midway
and i one Of the best located prof
critics ID the Tonopah District. The
have done but little developmer
work, but on its location alone
should be selling for far higher tina
the figure at which it is now selling
l. e. 6 cents.
The Goldfeld stocks are all tt
bigge>s kind Of buys at the preser
figures. The leases are fast e,
piring, and when tile companies r
sumo operations for their own a
count. It will strengthen the pricl
Of them all, and we think the tin
oppnrtme to invest in Goldfeld $
curities.
Diamodddeld today sells for
cents, at which price it is the bigge
bargain Of that district, The d
tails Of the merger which we ga
our clients two weeks ago will on
face show why q person buying Di
mondield at this figure cannot he
bat realize hondsome profits.
May Queen has shown decid
streagtt during the past week a
has sold up as high as % cents a
is today selling around ~ cents b
Upon the expiration Of the Desc
Rose lease, the company will Ia
over this property and begin sinki
upon the ledge which the lease
have Uncovered The treasury
the npapy IS very strong, 4
when tue work is once started
the company, it will be but a She
time before this stock will grea
entaare IN value.s
Reports emenatino f,Om Silk