Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1905-10-28
MAGTLL'S MARKET LETTER
The Weeks Movement in Stocks
and work in the Mines.

The feature Of this weeks market
ia Tonopah is the sudden squirt in
West End, which in a day jumped
from go to I.25. This is due to the
fact becoming public that the ledge
on the 4O0-fOot level is in the neigh
borhood of so feet wide, mostly ship.
ping ore. Three or four feet of this
is said to average $500 per ton. In
all other respects the market is pro
saically dull, Montana still with a
downward tendency, and carrying
other OF the leading stocks with it.
1t is a significant, however, that
these stocks when offered at a trihe
below the regular quotation, are
eagerly picked up, aud don't go beg
ging. The market has evidently
reached the bottom, and tirmer
prices may be looked for from now
on.
Among the Goldfelds, Kendall and
Goldheld Mining show heavy trans
actions. Both of these properties
make favorable showings, and fur
Their advances may be looked for.
Red Top records but few sales, but
with the splendid future of the prop
erty. there is no doubt the stock will
command a much higher figure with
in a short time. The management
announces they will ship a thousand
tons of ore very soon, that win aver
age 800 per ton. A shipment of ID
tons was recently made which went
$255 per ton.
The BullfrOg country is having an
influx Of people, and development
work is being vigorously prosecuted
on a large number OF properties, re.
sulting In new strikes being reported
every few days. Bullfrog will be a
worthy rival of Tonopah and Gold
field before the expiration of another
year. With two railroads building
into that district and competing for
the tonnage, it should develop more
rapidly even than did its older sister
camps.
A number Of new strikes are re-
ported from Silver Bow. Two of the
leasing companies on the famous
Nj Gonnigal property have
opened up rich ore bodies. Samples
are exhibited going from 500 to
81, 1000 per ton in free gold and sill
yer. The Blazier property has also
opened up a new ore body rhuning
very high in values. The Jennie X.
cluim is said to make the most re.
surface showing in the
camp, and leasers are preparing for
extensive and energetic work on this
property
Startling reports come from Eden,
which for a spell was little heard
from, but as now appears, was aot idle.
High grade ore, in places going sew
eral thousand dollars to the ton, is
being extracted, and there is but
little doubt a boom is on for that dis
trict The recent discovery of a
four-foot vein of $3.50 ore in a Kawich
property adds to the prestige of that
wei known district.
The mining stock investor surely
cannot complain Of the want of excel
lent opportunities open to him in this
field at the present time. These OBJ.
p%ortunities may come to him again,
but they will never be better. These
new camps give him a chance TO get
in on the ground floor Of some of the
best things aver offered.
II you want gold, you must invest
your money. You will never get it
trying to save money out of your
earnings at $l5 or $50 per week.
Figure it out. How much have you
saved in five years? How much can
you save 10 fifty years? Answer this
question and YOU must conclude that
not luck; courage, not fear,
will do It. Buy stocks in the com
panies operating in these new camps
and in a short time your wisdom may
make you independent, may make
you wealthy.
shall be glad to answer all nquir.
les and furnish reliable informant ton
on southern Nevada mining invest.
ments. Drop me a line,
Yours respectfully,
j. a. MAGILL.
Box l35, Tonopah. New.