The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-06-23
WEEKS MARKET REVIEW.
As Presented by w. T. Bond & Com
pany, Brokers
~GOLDFIELD, june %, 1905.

The market during the week has
leen decidedly firm, although there
have teen no marked fluctuations. All
things taken into consideration condi-
tions NAV Le termed as far more sat
isfactory than for weeks past. The
sharp upward tendency that manifest
ell itself last week naturally called out
selling orders from those willing to ac-
cept small profits. The fact that the
gain made has been well sustained
may tic considered conclusive evidence
that the weak holdings have been
pretty well nj sorted. The outlook for
the continuation of the upward move
ment is certainly exceedingly promis-
ing.
The two strongest securities on the
list were S~1ndstorm, which advanced
to o., and Goldfeld, which recorded an
upward movement of several points to
81. From inside reports the Sand
storm is making a most extraordinary
showing and is producing a heavy ton
mage of exceptionally rich ore. The
output Of this bonanza is going to be
of such Importance that attention will
Gnqucstionably he drawn to the great
ness o. this district from all sections
If the mining world. In addition to
the important discoveries made a week
lgo the latest announcement from the
the management that a true assure
vein has hcen encountered is of even
greater Importance, particularly in
view OF the fact that high values are
found iii the vein matter.
Anoth,r. development of equal if not
greater Importance to the district
comes from the January mine on
which two wonderfully rich strikes
nave boc.. made this week. In a cross
cut west from the main working shaft
IN entirely new ledge has been opened
md . feet of high grade shipping ore
has beei exposed at a depth of 230
feet. Tie strike is given added i'm
o~ortancc from the fact that the ore
$ a heavy sulphirc. carrying from Is
to 20 per .cl: Upper, one of the most
distinct indications % pronounced per-
nanenrv. III: other strike has been
made IN a VIM" That is being put
lown in =; former wc,klng located 80
Feet nort!, If the 81 eft, where 8 feet
If ore rvoIaeirg over 5000 per ton is
being taken OFT an,! sacked. The Jan
'ary is now u In",e't mine of even
preater wealth than during the life of
unc lttSt, WUcu laiEC loituLCo E"OiS
taken out, and its r.-entry in the list
OF heavy T." "eis II the district
marks an important epoch in the in
nns.:y ut ~. camp. The great bene-
fits that will come from these discov-
cries will undoubtedly extend to the
market and improved prices may con-
fdently he expected.
The announcement Of the Red Top
management that over three-quarters
Of a million dollars worth of ore has
Keen blocked out on the property is
,lso Of more than passing moment.
When once the Red Top commences
shipping regularly, which should be
within It very short time, the effect
IN the market will he pronounced and,
iudcing the outlook from every point
If view. it certainly appears as though
,vervthing was tending toward a gen
9ral Improvement of such extent that
I'll lines of industry will be fayoratly
Effected ard the logical outcome will
re an advance in stocks that will car
r. the market far above its present
low level.
Although not authenticated it IS
stated upon what appears good author
'ty that a Eody of high grade ship
ping ore has been opened on the hold
ings of the G. 0. d. company and the
property of the Gold Bar company, ad-
joining, and two new shippers of i'm
~portancc assured for the camp. Such
! week or developments certainly pres
sages a great future for the district.
Empire has shown very little per
ceDtitle movement. 1t may Ee stated,
however, on good authority, that in
siders are quietly adding to their hold
ings and are absorbing all cheap offer
jngs. We leg to emphasize our state
ments contained in previous letters
that there is no security on the list
that affords such an attractive OppOr-
tunity for investment, combining con
servatism with practically a certain
ty Of splendid profits. Work has been
resumed on the company's estate with
an adequate force of men and devel-
opment is TO he prosecuted with an
energy that will place the mine in the
front rank of producers of the district.
Reports from the mine are that recent
exploration has proved that the ore
shoot, instead of being 80 feet long,
is in fact over 100 feet in length and
that the heart or richest section has
not Eeen exposed. 1t is evident no
effort is being made to support the
stock and yet it holds well against
any downward tendency. So absolute
lv confident are we of the worth of
this security that we are urging our
clients to purchase the stock before
the opportunity has passed to pick it
up at such an fundamentally low fig
ure.
On the Dixie development work is
going on with the characteristic ener-
CIV that has marked the operations on
this property since actual mining was
undertaken. The shaft has attained
to a depth of 315 feet and is all in
ore. 4 vast ore reserve is being block
ed out with a view of placing the
mine on a basis hat will warrant the
installation of a 100-ton reduction
plant. The shaft is to te continued
to the $50 level, where it is expected
= heavy flow of water will be encoun-