The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-05-05
WEEKS MARKET REVIEW.
As Presented ny W. r. Bond q Com.
pany, Brokers.

" - AH0N " IN
The market during the hrst half OF
the past week was decidedly weak
Sharp declines were recorded in Gold
field Mining, which sold down to so;
Jumbo, which touched 20; Kendall,
sandstone, Diamondheld and many OF
the leading securities. Tonopahs also
suffered. On Thursday an undertone OF
strength developed and it appears as
though bottom has been reached. At
present prices we consider the list a
buy. Further declines can hardly be
looked for II there is every reason t.
predict q sharp recovery Ill the marke;
and Il continued anu well sustained
advance.
Several causes have contributed to the
weakness of the market. One assigned
is hat traders in San Francisco have
been ~neglecting Goldtield and TonopaL
securities and have again taken up the
Comstucks. Ii this be true 1t Will un-
q~uestionably result III the Bay Guy
Tossing completely the control oi the
market on southern Nevada securities
and the transfer of practically all the
exchange trading to New York. In fact,
every feature or the market tend, III
support such a PROBABILITY and IL VIII
not be surprising to SEE the change ONE
within 81 To TO DAYS. Trading i'll New
\ ork has been decidedly active IA Guii-
ncld and Tonopih securities durlng tue
past two weeks ami u currc, punucnt-
there inform lis that deilverie. are made
promptly, indicating that extensive
holdings exist Ill the east. Ii Will Ue vi
great benefit To u stocks II tie SCENE
oi activity III trading Ill local stocks Is
Transferred To New York
The exceptions to the general decline
were Red Top, st. Ives, and Mohawk.
The recovery which set III ON thursday
was decidedly pronounced. Black Butte
recovered from 33 TO SO; Jumbo
strengthened from 20 to a; Diamond
field from ~ to 50, and that others,
with the exception OF Goldtieid Mining,
from one to four points. The long eX-
pected bull movement appears 10 have
IuSt set IN.
There IL n%o,nlng new in Jumbo. The
policy OF the management lao not H.
yet been outlined m We wyuiu not be
surprised Ia >ee the stock decline
iurthtI.
1t is difficult to figure out the cau>e
OF the extreme weakness III Goldheld
Mining. The property Is idle pending
the arrival OF pumping machinery ~
handle the flow Of water. At 30 It Is
unquestlonabiy Il safe, conservative in
%vestnlent. presenting many attractive
features.
Red Top continues to improve with
development. The latest strike is grow
ing bigger each day and the stock Is
certain to experience 4 pronounced ad
vance. 1t l. one OF the best buys .
the list.
Dixie continues 10 improve and til,
management expects 20 socn get the
mine III Il position Tor shipments. A
sharp rise III this stock Will cume within
a very short time.
st, Ives has maintained its price
around 81 and IS. Tie surface improve
ments have beclI Practically coin pleled
II Developments i being prosecuted
energeticaliv. The stock VIII show Z
marked advance With Improved market
conditions. We advise the purchase 0!
st. Ives.
The shalt on the Empire has been
continued 10 a depth OF 40 feet and every
foot has shown improvement. At the
present market II Is II OF the very best
purchases We know OF.
Black Butte has shown some strength
but we d mt look for a pronounced ad-
vance ior some time. 1t will require a
very considerable amount OF dead work
before the ore body that is being driven
for Is reached. AS an investment fvr q
hold it is good.
We again express the opinion that
Lone S,ar, Blue Bull, and the stocks
mentioned above particularly Dixie
and Enlplre-are most attractive buys.
The Bulllrog country continues to
show up remarkably well, Among
the stocks OF that section our advise is
to purchase Bullfrog National Bank,
wh!ch is one of the biggest mines in
that district, Eclipse, Denver and
Denver Annex These present invest
ment features OF the Greatest promise
and we like them exceedingly we'll.
They are all being operated energet-
ically and splendid reports come from
the south concerning the showing made.
TUday's quotations: