Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1905-05-20
MTMS=SUTRO CO., INC.
Market Letter and Weekly Review
Of Stocks in the Districts.

10 ~ - ~ NfAHaNf NANN W
reasons. which we consider local.
First; From exaggerated reports
circulated about the health con
ditions Of both Tonopah and Gold
field,
Second A great many large
holders Of Tonopah and Goldfield
stocks disposed Of some Of their hold
ings in order to secure new holdings
in the Bullfrog district.
Third: And the principal cause in
our opinion, is the fact That one Of
our leading banks, the Nye &
Ormsby County Bank, has under
gone reorganization. This reorgani
cation has been in contemplation for
some two months and a half, but was
only consummated a few DAYS ago.
While the bank did not care to putout
any new loans, it didn't called on any
II to take up previous loans. Some
people who have interested them
selves in the new bank, which we UNI
derstand is TO be started up here,
sold a great many OF their stocks SO
as to have money on hand to again
buy in when the new bank opens for
active operations.
In our opinion the market will
show a decided improvement all along
the line, and an abundance Of money
viii again be in evidence, New loans
viii be put out, and within three or
four months the railroad will be
broad-gauged, which will enable them
to handle the output of the mines,
which they are at this time unable to
do for want of transportation facil-
tiles. The actual condition Of affairs
both in Tonopah and GuldHpld as
well as Bullfrog and Kawich are
better than ever, and we have not
the least hesitancy in saying that
people who will now buy some Of these
stocks, and some OF the new meri
torious propositions which we are
about to bring out, cannot fail to
make money.
TonOpah mining company has held
its own. The directors report lust
issued is extremely satisfactory.
They have a large amount Of money
IN cash in the treasury and are con
stantly shipping ore, which, rs we
stated above, will be augmented as
soOn as the railroad can handle 1t.
The stock ought to sell for $500.
Tonopah Midway in our opinion is
extremely cheap. From a recent
visit Of inspection our expert paid to
the property, W are more sanguinp
than ever that this will turn out to
be one of the biggest properties in
the TOnopah district, ANA that the
stock at the figure il is now selling
for, is a positive bargain. We do
not say positively that they will de
clare a dividend, but we think il i
only a question Of time when they
will be able to do so regularly.
Tonopah Belmont has been in active
demand in the east and we have
handled upward of 25, 900 shares OF
this stock this week and the price
has averaged the seller 81 30. We
hear rumors of a dividend in October
but We are disposed to doubt the
truth Of this. However, all depends
on the amount Of ore that can be
shipped, That they have it, there i
no question and in large quantities.
Jim Butler has suffered with the
rest. The West Extension of the
Valley View, which runs through
their ground, is richer than ever.
The Tonopah mining company ha,
been buying this stock right along
and from information that we car
obtain we advise its purchase.
Montana Tonopah has also declined
to the $500 mark. At that price il
is like a government gold bond. The
company has a large cash reserve.
is Increasing its shipments every
week and d dividend from this mine
Is a certainty some time this year.
Tonopah Extension is held firm a.
$500. At a meeting of the director,
held at Ptttsburg, a dividend Of five
cents per share was declared. We
have all along advised the purchase
Of this stock, and we can con
scientiouslv recommend it as AN in
vestment OF the highest quality. The
strong directorate and the inaucier,
that control this property are among
the most influential citizens of th,
United States, and they, better thai
one, know when they have a gooC
thing.
The same applies to Golden Anchor
which is controlled by the sam,
parties. 1t is firm at 80 cents, anC
right here we wish to state that oui
firm is now placing treasury stock OF
the Monarch Pittsburg Extension
mining company which adjoins the
Golden Anchor on the west. The
stock can be had at % cents PEI
share, and considering that it is il
such close proximity, in fact, adjoin
ing on various sides, properties Of
the Sehwab Syndicate, it, in time
must and will sell higher.
West End is also a purchase at
the figure at which il is now SALINE