Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1905-08-05
MIMS-SUTRO CO., INC.
Market Letter and Weekly Review
Of Stocks in the Districts.
rononah. Nev., AUG. 5. 1905.

the exception of Tonopah Of Nevada,
Jim Butler and West End, which have
slightly advanced and held their
own.
The Tonopah railroad say they VIII
have the road running into Goldfeld
by the 18th of this month. Upon lts
completion with standard gauge
trains running through Tonopah into
Goldfeld, we base our prediction,
that the market will materially i'm
rove. for with the greatly improved
facilities for handling the ore, Will
come larger and more frequent ship
ments at a greatly reduced expense to
the mining companies.
Tonopah of Nevada holds firm
around $14.00.
Montana has this week sold as low
as s2.97k, and is today selling at
s3.OO ex dividend, which means
thai the party in whose name the
stock is issued receives the dividend,
thus making the price of the took
practically $3.07k. We think Mon
tana a buy.
West End is very firm around.
s1.05. This is one of the stocks that
we can c~onscientiously recommend
as an excellent purchase, and it is
only a question of time when this
mine will become one of the dividend
payers of the camp.
Tonopah Midway has this week
deprecated, and is now selling at
s1.45. Since resuming operations
they have made excellent progress
and will make their first shipment
this week, and we look for a rise in
this stock at an early date.
Belmont is still selling around
s1.17h and we see no reason why in
he next 80 days it should not sell
much higher.
Jim Butler is another stock about
which we feel very %sanguine, and We
look for it to go beyond the dollar
mark shortly. 1t today sells for Z;
cents. It may be well to draw gu
clients attention to the fact that tn,
Jim Butler mine is shipping or
regularly, although 1t does not APP
pear as a shipper; it certainly is
grand property and ought today sci
as high as Belmont. Buy it.
Golden Anchor has taken a shar
decline and has reacted until today
is selling for IS cents bid. The caus
of this is very apparent. Mr.. MeKant
the principal owner of this mine,
now in the east and inside support
lacking. There is no question regard
ing the value of the property, for tn
mine continues to improve as de
%velopment progresses. The stock
a purchase at the prevailing prices
Buy i'll
North Star is another stock whic
has declined for no conceivable res
son. A shipment was made thi
week from which we have not as "
received the return. but understan
the ore that was shipped will ayerag
$4,000 10 the ton. We will civ
more definite information regardin
this shipment in our next letter. !
the mean time buy North Star.
We have received a report sayin
that the strike which we reported
the Ohio is of exceptional riehnei
and from the trend of the ledge whiC
they encountered shows that it rnI
directly into the Red Rock grour
and continues due west. This wi
bring this ledge directly across Il
property Of the Monarch Pittsbu
Extension Mining Company, fl
which we are fiscal agents, and go
to prove the assertions which '
nave constantly made of tse Ell:
ence of three distinct lodges ruunil
through this property. The shaft
now down 243 feet and the superi
tendent reports that every thi
points 10 the ultimate opening of
great mine. Send your orders in
once for Monarch Pittsburg.
All We can say regarding ColdhC
stocks is. BUY THEM They arc
selling far below their intrinsic val
and any n buying them at this I'll
and holding on for sixty days v
reap a handsome profit by so dom
First among the bargains is D
m%ondfeld, which today is selling
81 cents The consolidation,
which We gave our clients details,
been ratified at a meeting of
board Of directors Buy this "
all confidence.
May Queen is another bargain.
is selling today at IS cents
should be bought at this figure.
Jumbo is selling today at low as
cents. at which price It also sho