The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-05-12
WEEKS MARKET REVIEW.

GoLprIELp. NEW, May II. 1905.

GoIDflELD, NEW, May IL, E"'.
After three days OF pronounced sluggishness'
with numerous declines, a much healthier tone
manifested itself in the market on Thursday.
Advices from san Francisco are that general
conditions have materially improved and every
indication points to a resumption of active
trading with advancing prices. In the declines
Black Butte broke to %: Blue Bull to ~: sand
storm to 10; Adams to s; Kendall to -, and
many others from . to S points. The recovery
was sharp and healthy, indicating. as stated,
that practically all weak holdings have been
absorbed and that conditions obtaining are
such that an active and advancing market may
he confidently looked Tor. Jumbo, 1t. Ives,
Bullirog National Bank and Eclipse were the
notable exceptions to the general rule. Dixie
also held firm, although II nominal decline was
noted. evidently in sympathy with the market.
At prices at present ruling the entire list Is
buy. The opportunities now offered for con-
servative and exceptionally attractive invest
ments in Coldteld and Tonopah securities
should appeal to all classes of investors. Quo
tations on all the leading stocks are far below
the actual value OF such securities and there is
absolutely no question as to future improve
ment OF substantial proportions. There never
was u time when we could so confidently ad-
wise clients to acquire holdings in the bona
tidc mining companies OF southern Nevada,
and particularly Goldfeld. Many of the lead
ing stocks are down nearly to promotion prices,
and in view OF the improved conditions and
important developments that nave followed
systematic work in opening up the mines, there
can be no question concerning the predicted
rise.
Empire has shown Il sharp decline to Il cents.
Differences among the principal stockholders,
who represent the control, have been the cause
oi the slump. We are reliably informed that
an understanding has been reached and an
amicable settlement perfected. At first, it
looked as though there would he litigation.
At II meeting of the directorate recently, l.. l..
Patrick was elected president. Frank NJ. lsh,
secretary. and H.. Weber, treasurer. With Mr..
Patrick AT the head of the directorate the COM
pany is given added prestige. Mr.. Patrick's
success in Goldfeld makes one Of the brightest
pages in the history OF the greatest gold camp
ever known. He has made Il success of every
venture with which he has been connected and
has carefully avoided being identified with any
but the most important properties. His asso-
ciating himself with the directorate OF the En-
pircii> in i~tsclf;an absolute assurance. not only
of the value OF the holdings of the company,
but the energetic and honest administration OF
affairs and full protection to all stockholders.
TIL" future of Empire is now assured and we
know OF no stock on the list that compares with
ii for nh especially attractive investment, either
Tor IL quick turn or d hold. The showing at the
mine i one OF the best in camp. and in a short
time sufficient development work will have
been accomplished to place the property in
shape for regular shipments. The richness
and substantial extent OF the ore body have
been proved and we feel certain there will be Il
sharp and well sustained advance in this secur-
ity. The stock is worth at least three times
what it is selling for and with every confidence
in our Judgment we advise our clientele to get
in at once.
At present market Dixie is certainly an at
t~ractive buy. There is nothing new at the
mine to report since our last letter. The work
oil opening up the ore bodies and blocking out
Il reserve tor future production continues with
energy and we know OF no better buy in the
investment class. Although no effort has
been made to support the stock il has held
firm in the face of the slump, declining only
two points. We look for a sharp rise with i'm
proved market conditions.
St. Ives may be purchased with every assur-
ance of big profits. The mine has been proved
to he one OF the best in the district and with
the commencement of operations at the big
milling plants here the output from this prop
erty will be one OF the heaviest in camp.
Unsettled conditions prevail in Jumbo and
Red Top. Litigation still hangs over the
former and we are advised that there will be
some unpleasant developments in the latter.
We suggest that both be overlooked for the
present.
Goldfeld Mining az 50 TO IS we consider one
OF the most promising buys among the mines
heavy tonnage of ore frsm the January and
reports are that splendid values are being OBJ
tanned. With the installation of pumping ma
chinery operations at the mine will be re-
sumed on an extensive scale and the output
increased. Il is our firm belief that
big profits await those who acquire holdings
in this corporation.
The boom al Bullfrog continues undated.
Development work is being prosecuted on a
great many properties and the district is look
ing better and better with each days work.
Montgomery Mountain, Eclipse, Bullfrog
National Bank. Denver and North Star
are unqucstioned buys presenting decid-
eddy attractive features. We look for advances
OF from 20 10 30 per cent in these securities dur
ing the next three months. They impress us
most favorably and we advise their purchase
al present market prices.
Today's quotations:
GoLDrIELD DISTRICT. Bid. Asked.