Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1905-11-03

scouting their work In a systematic
manner. and the investor In treasury
stock for this purpose Is getting a
run for his money. There are several
such companies operating along the
course Of the great vein system Of
TOnopah, particularly to the west. IN
Guiding the McKane, Red Rock Con.
solidated. and others. One company
in particular--the Monarch-Pittsburg
Extension Mining c~ompany-is sell
Ing shares OF treasury stock In small
blocks throughout the country for less
money than the management was re-
Gently offered for a controlling inter
est In the corporation. A shaft In
being put down to great depth through
the lode porphyry, and every effort II
being directed toward the making Of
a producing mine In quick ORDER.
Shares Of stock representing hold.
ings In mining companies here. In
Tonopah. and In Bullfrog have actual
intrinsic value. and are accepted az
collateral for loans by the banks OF
these camps and by San Francisco
b~anks-San Francisco being the near.
est big city. Some remarkable for.
tunes have been made by j~udicious In
~vestments, and the early treasury Of.
ferings Of many companies now repre-
sent holdings in big paying mines.
When Charles NJ. Schwab bought
the Tonopah Extension, the stock was
being sold on open market at 8 to 10
lcents per share. The "sharpshoot-
ers" on the ground bought the secur
ity at this figure, realizing that 1t
represented a chance for a turn. AZ
ter the steel magnate secured control
and commenced active development
of the property the stock advanced
In price with strides. and is now CON
manding In the neighborhood of Sc
per share. Any bank in Goldfield.
Tonopah. or Bullfrog will lend 81 per
share on It and ask no further ques-
tons. The same Is true OF many other
i bC(utltsCS Va OuOp0u IuNIuiIu6
TOnOpah Midway, West End. Golden
Anchor, Montana. and many others.
These were put out at from 10 to 35
cents per share, and are now selling
at anywhere from 80 cents to $3.50
per share. In n case-that of the
Tonopah Mining company stock
originally sold at par. or 81 per share,
and is now selling around $13. Only
one Of the mines OF Ton0pah is five
years old, most Of the others have
not been under development over two
and a half years.
Here in G~oldfield, stock in Com
binatiOn Of the par va:ue of 81 per
share, with a capitalization OF 400.
900 shares. was originally had for
II IL cents per share. I, canno, be
purchased at $40 per share today. The
mine is paying dividends at the rate
of 100 per cent per annrm.
One-half Of the entire capital stock
of the Goldfield Mining cuinpany gas
given away for 5000 worth Of aA1s
ment work. The stock Is now selling
at 60 cents per share, and the owners
OF the controlling interest would not
part with all Of their stock at par
The original investment OF 5000 has
attained a value within eighteen
months Of $500. 900. The Florence
mine Of Gol1field passed into the
hands Of the present owners OF the
controlling interest for $1,000. $3.50
per share Is now bid for It, or a val
~uation Of 1850, 900 for the property
Most OF the companies in Goldfield
have been capitalized for q million
sharesao OF the par. value Of 81 each
A few Of merit are capitalized fol
1 .5OO,O 900 shares. but only n com
pany that has a market quotation
the Atlanta-is capitalized for 1000,
900 shares. Needless to say, the mum
Der Of shares at which a company II
capitalized Is not considered a criter
ion as Il the value Of It's holdings.
There are twenty other companies
in Goldfield in which treasury stocl
was had as low as ten cents per share
within the past nine months, whose
stock Is now selling az over 200 pei
cent profit.
Bullfrog is repeating the experience
Of Tonopah and Goldfield. Origina
Bullfrog. which was put out at ter
cents per share Is now selling at two
and a half times that valuation. Bull
frog Extension. which adjoins It, has
advanced In value Is per cent within
a month. and Is expected by close OBJ
servers on the ground TO BE selling a
three times this price within a few
months. Bullfrog Eclipse. which wa!
Iput out at 10 cents per share les!
> than four months ago. is selling a
three times that price, and the Mont
gomery-Shoshone, in which a nine
Itwentieths interest was purchased
less than six months ago at a valua
ltion of twenty cents per share. Is nov
selling at $3.50 per share. There ar,
"a dozen other properties in Bullfros
THAT have experienced rapid advances
and there are thousands of investors