The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-06-23
IHE CoLDTIELD NEWS
W. ---ET TT
Comments on the Local Situation by
the Kenneth Donnellan Co..
GOLDFIELD, June 22, 1905.

advantage of the very low prices
which have prevailed on all the better
| class of southern Nevada mining Sc
euritias- The slies have grown stead
lily in numler and it is apparent from
CHANGING owe the records of sales that
what are reckoned as the better class
/ of stocks have zen in demand, show
ing conelusively that the investing
putlic has awakened to the fact that
! what are known as legitimate stocks
have merit to 60 on their own valu
! alton, and that it is not necessary to
| resort to fashy advertising to insure
trading in them.
Several events have trarspired dur
! ing the week which will prove Of ines
;imatlc valuc to the camp-possibly
ven more So than the most %sanguine
Eolievers in the camp imagine-one of
the most important OF which is the
new strike in the January mine Of the
ioldfetd Mining company on the go
loot level, and 4 feet of high grade
shipping ore was encountered, assays
running letter than $lS6 across the /
faet and the full extent not yet prov
IN, tut the ledge is well defined n
selected samples taken from this new
strike RIA as high rs 80 per cent cop
per. To the experienced mining man
the act of the appear r"c of the cop
PEI in tic January WI convince him
j.; nn"cs that it only I"aGiyes depth in
|iha ,:,tierent properties TO insure the
T. 'naNrncy of the CAMP
~. WISH 10 impress Ii.oh our read
ers ,het the above-mentione1 fact is
/, lp"st ilmyportan Mt one This new ledge
strikes directly into the center of the
February end line; this will result in
gearing out what we have often ad.
vised our clients-that the Gold6eld
Mining company stock would be one
Of the staple one Of the camp, in spite
Of the many socalled knowing
ones" who claimed that the ore IA
played out Orc is also being sacked
N the l60-foo4 level
Another important feature which
demonstrates the permanency of the
camp is the solid basis upon which
the Sandstone now rests. The strike
exported by US III our last letter on
No. 6 lease is not only as good at
ve first reported lat has far exceeded
the fondest hopes of the lessees. As
! n evidence of renewed faith in this
property ty those who are in a posi-
ION to study it, the stock advance
IplQ.y uuIiiS thS "cCNs hhu al ohN
If the strongest on the board, closing
;0c lid, 63c asked, with but little to
e had. Lease No. S, too, is not only
,ustaining the good reports which we
nade OF it last week, but is increasing
in value, especially at the lower
tepths. At the l3O-foot level in the
.rosscut which is Being made at that
,oint the quartz was broken into and
oro e~oolu U1fhnuf a., 9Nnhf the
took of these two properties will 60
ar higher than at present, n those
Who are wise enough to go in at the
ls,ttom figures will net q handsome re
suit.
Sinking still continues on the Red
Top, and with rumofs current that the
management expected TO make q ship
rent within q short time, the stock
atvaDeed from the 36c mark which
It has maintained during the slump
to as high as 44c, closing strong at
lie hid and 42c asked, with little to
be had ut those figures. This stock
has been. quietly absorbed by strong
Hands who intend to hold, realizing
fthat Il will make one of the big prop
,rties of tive camp, both from a ship
ping and milling point Of view.
With the three mines mentioned
above, together with the Combination
Mad FHOreDse 1.-THE stock in both OF
winch is held close with absolutely
noDc Oh the market), and with the fact
that az depth is acquired In all the
five properties the ore improves, the
"aroakers'' against the camp have
little to show.
The summer trading hcH not yet
set IN, but when it does - it our eli
enta viii take our advice and get IN
It low figures, we can assure them
that every indication points to e hive
y market IN the fail, which will not
; only insure good interest but big
profits on the money invested.
Columbia mountain which had such
! rapid rise, owing to n reported
sayike on the Uncle Sam, fell back
considerably during he week, but
closed strong around 19c and 22c.
D~iarHOndfleld recovered some during
the week, with large blocks changing
hands
JnmtO was IN strong demand arOund
7Ac to Use, with few orders executed.
Jumbo Extension fell OFF the early
/ part of the week owing to a reported
! contest, but recovered to the same
| figures which prevailed last week and
will probably remain arOund that
point for several weeks
St Ives, TOO, recovered slightly, but
with little on the market there were
not many transactions.
Blue Bull, Adams. Empire, Vernal,
and Mohawk do not seem to have re-
covered Or participated in the general
rise. These, however, will come to
tie front laser, especially the Adams,
which viii soon, in Our opinion, take
a jump
The most of the stocks, wen under
the rise which has taken place this
Veeks~a are low, and those who have not
fgotten' ms should 90 30 noW. The most
Of the Tsnopah stocks are On a basis
NOW which is purely an investment one,
Hh&e up 10 the present time the Gold
Acid sock have been purely spec
ulatives now, however, the prin-
cipal stock are taking an in
vestznent aspect, and are looked upon
az a reliable investment. A noted en-
gineer who examined the camp last
week told a member of this firm that