The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-06-16
W. -Er LETTER.
Comments on the Local Situation by
the Kenneth Donnellan Co.

n D0nnellan 70
Goldfeld, New, June IL, '05.
With the opening Of the Monday
morning stocks this week the market
showed strength which continued
throughout the entire week, all of the
better class of stocks being more in
demand than they have been since the
slump commenced. 1t looks very much
as if IT was "the beginning Of the
end Of the slump. The properties
which received the most attention dur
ing the week fully warranted the ad-
vance in prices; this was true not only
Of the Goldfield stocks but of the Ton
opah and Bullfrog stocks as we'll. Some
Of the stocks made a very material
advance during the week, n~oticeably
so with Sandstone, Columbia Noun
tain. Black Butte and National Bank
AMI Gold Bar in the Bullfrog district.
Sandstone sold up as high as Sic,
which is an advance of Ia points over
last week; that this advance is fully
warranted is assured. Lease No. s is
showing up stronger with every shot
drifting has Eeen commenced ut the
1901 foot level of the incline shaft and
indications point to a continuation of
the ore lody; the drift viii probably
tie in the quartz before the End OF the
week. In lease No. 6 n large body of
ore was encountered at the 5o-foot
level which assays up in the thousands,
and from which some of the richest
~pannings ever made in the district
tons will be made from No. 5 and No.
6 TO-DAY, and there is enough ore IN
sight now to have these shipments con
tinuors. We have advised our clients
all along that this would be one of the
biggest properties in the camp. and II
is receiving verification now. At two
other points on the Sandstone proper
ty new lodges have been opened up
from which a great deal is expected
An 7 lEt IuuINttioiS h'' c"'H w "''
rant this conclusion.
Columbia Mountain attracted a great
deal Of attention during the week ow-
ing to a strike being reported on the
Uncle Sam claim OF this property; as
saws show a value Of SIS, with every
Indication that it will grow richer with
III l--1l 49,. 49,,
eficial effect upon adjacent properties.
The situation at the Red Top is
about the same as last week-in fact,
the same as it has been for the last
several months. That this company
could ship a large body Of ore is with
out question, and in event of their
making shipment the stock will take
Z material advance. Properly handled
this property will tie one Of the very
best in the camp; that this is the gen
era' opinion is wen demonstrated by
III, fact that the stock is closely held.
We look for a material advance in this
stock in the near future.
Black Butte, which suffered some
during the slump, is beginning to re
cover and should advance.
Jumbo Extension which took such
q sudden rise on n reported strike,
closed weak.
Diamondfeid was slaughtered un-
r ercifully during the week, large
tlucks selling at 29c and Doe.
Jumbo was in demand and advanced
several points yer last week, with
some sales recorded.
st. Ives, which received a severe
lammering, recovered somewhat be
fore the end Of the week.
As a whole the general tone of the
market is much stronger and We look
ror q considerable advance next week
IN all the meritorious stocks. Those
who took our advice during the last
several weeks and bought are now re-