Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1905-09-23
MIMS-SUTRO CO., INC.
Market Letter and Weekly Review
Of Stocks in the Districts.

first of next month. me reader VII
find our reasons for this inactivity il
the paragraphs to follow;
TON0PAH OF NEVADA still re.
mains very firm around $14.00.
MONTANA closes this week at
1895 bid. The election which took
place at Salt Lake on the 18th inst.
resulted IN an overwhelming victory
for the incumbent management. There
is a rumor that the election will be
contested. We place no confidence in
it, however; should it occur, nothing
more harmful could happen to the
stock, for such ~wrangling always has a
tendency to depreciate values. The
mine is looking excellent, and there is
no reason why it should not sell at a
much higher figure, but if more dis
putes arise it viii certainly slump, and
we think it will sell lower.
BELMONT. Development work is
still progressing on the rich ledge which
they encountered recently, and we
think it but a matter of a very short
time when dividends will be inaugu-
rated and continued indefinitely, We
think at these figures Belmont should
be bought.
jim BUTLER. 1t has been con-
slant advice to our many clients to buy
Jim Butler, and we know whereof we
speak, for today the mine showing is
phenomenal and it should be selling far
above the dollar mark. We advise its
purchase now.
WEST END is very firm around
$1.00. They have about completed
making up their first shipment, which
viii be a large n and of exceptional
value. When this occurs, on account
of the sensitiveness of the stock, we
look for a rapid rise and advise its pur-
chase Immediately.
TONOPAH EXTENSION lowered,
IS always happens in this camp after the
declaration of a dividend, but under
heavy buying orders reacted and today
sells at $500 ex dividend of 10 cents,
strong. The mine we consider one of
the greatest in the district and we can
vouch for its able management. Buy
it, as an investment or q speculation,
for the price is exceedingly low.
NORTH STAR under heavy selling
orders has reacted and today is selling
as low as SO cents bid. The stringency
regarding money is what we attribute
the cause to. One Of the company.
largest stockholders, who is now here
is buying heavily, and his opinion, com
bined with what we personally know 0.
the property, makes North Star to u,
the bargain of the district.
MCNAMARA has during the pas
week shown some strength. We know
very little concerning this property anC
would not advise our clients to either
buy or sell at the present time.
THE MONARCH PITTSBURG Elk.
TENSION MINING COMPANY still
continues to show improvement as the
work progresses. The treasury stock
which we are selling, is going rapidly,
and we advise all our readers to wire
us their orders for a block of this stock
at once before this allotment has been
withdrawn, for if any more money is
needed and another block authorized il
will be placed before the public at a
much higher figure. We r~eiterate our
former advice BUY THIS STOCK.
Goldfeld stocks, upon the advent OF
the railroad, have taken on a frmel
tone and we look from now on to a
steady rise in all the principal stocks.
KENDALL. A sharp advance has
taken place in this stock, due to a
strike of phenomenal richness made OF
the "Argosy' claim of this property.
Mr.. Wingfeld, the general manager OF
the mine, wrote us from Columbia stat.
ing that the strike is a marvel anC
shows every indication Of the values
going deeper, and has given orders t
erect a new hoist and put on a larg,
force OF men to commence active devel
opment work. At the price at which i
now sells it looks like a bargain to us
MAY QUEEN, which adjoins tn,
Kendall, and which is under the sam,
management, is also making a grant
showing, and in the managers letter t,
us, he added that the strike on tn,
Kendall continued into the May Queen
This is another stock which we advis,
the purchase of at the present time
and know that within ninety days thos,
who purchase either one of the aboy,
stocks will reap a handsome return.
JUMBO. This stock has reacted an,
today sells around 78 cents bid. TIL,
showing in the mine is excellent, but i
looks to the mar at a distance that tn,
management IS purposely Bearing
stock, hoping some day to reap th,
profits alone