Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1905-07-01
~MIMS-SUTRO CO., inc.
Market Letter and Weekly Review
Of Stocks in the Districts.

During the past week the market j
ms shown a decided strength, espec.
;ouv in the face Of the holiday ad-
ionrnmpnt Of the San Francisco Stock
Exchange which will adjourn from
Inlv 1st to the 10Th. Montana has
heen tile leader and all other stocks
have remained firm. We predict
that upon the Exchange opening
again that all stocks win show
steady advance in price.
Tonopab Mining Company stock
still remuins around Sl3.50. A diyi,
dend has been declared payable July
18th, of % cents, aud we look for a
sharp advance.
The dividend of which we spoke, on
Montana, has not as yet been de.
elared, but we were informed that at
a special meeting called for that pur
pose at Salt Lake, Mr.. Morris, one
Of the largest holders in this stock,
failed to appear and the dividend is
now very problematic. The stock
this week went as high as So. 40, but
is now selling at So 20 and we think
it will again be around the 30, 90
mark, II our clients have followed
our advice in this particular stock
that is, TO purchase Montana at
anything under SO 90" it will be just
one more instance Of our advice reap
ing them a handsome return.
Midway; Midway we consider the
greatest bargain in Tonopah today
at the price at which it is now SELL
ing. The work is still progressing
on the new hoist and in a short time
they win double their shipping
capacity. Boy this stock with all
confidence.
Belmont remains firm around $l.l5
and we see no reason why in the next
sixty days it should not sell for a
much higher price.
Jim Butler is another stock about
which We feel sanguine of its selling
at a much higher price IN "a very
short space Of time They are con.
stantly taking ont very rich ore from
the strike made in the Wandering
Boy claim aud we look for it to be
above the dollar mark shortly.
Golden Anchor is slill firm AROUND
So cents and We consider it still q
purchase.
Tonopah Extension has shown de
eided strength during the past weel
and next 10 the Tonopah Compan.
made the largest shipment Mr.
Donald V Gillies will shortly TAX
charge of this property having rt
signed from the Montana, and unde
his SUPERVISION. in which we hav
every confidence, we look for I'll
mine t. be further opened up an
even larger shipments made. W
advise the purchase Of this stock
North Star this week resume
operations aud before one days wor
had been completed they uncovert
"a ledge of three feet Of shipping or
The mine never looked better n
they have now between twenty Al
thirty miners employed under Il
direction 81 Messr>. Cutler ~
Gillies. The stock upon the repo
of the strikr ,,tt rs high Is 81 cen
but ha> reacted and Is uow sellil
around 81 cent,. At This hgurt II
a positive bargain,
Wesi Eud today went a. blgh
81 cents W. have il from the ve
best Of authority that they have I
covered a ledge of ore running
high as Sl75.00 q ton and will go
mence shipping at once. We ha
constantly advised our clients TO b
this stock aud once again Ne c
congratulate ourselves upon G
advice.
The Monarch Ptttsburg Extens
Mining Company let Il contract t
week Ia sink the shaft 3oo Il
further \ hoist has been cree
and is working and anyone y
knows Touopah and the trend OF
lodges in The comtry a see from
location That It runuot help betn
great m,ur IN - very short space
time. Gnnldtm Aucher, enc ol
ueighbors, We advised our clients
bay when it was selling at 10 cen
share, as we had unlimited con1de
IN that part of this district,
today selling at IS cents, and
ADVICE regarding Golden Anchor