Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1905-10-07
MAGILL'S MARKET LETTER
the Weeks Movement in Stocks
and Work in the Mines.
ToNopAH. New. Oct. 4. 1905.

STOCKS uullHR buc ldSb week nave
been somewhat inactive owing no
doubt to the heavy sales that have
been taking place during the two
weeks previous. The mines however
we're never looking better, and in the
very near future prices will begin
soaring. In fact now notwithstand
ing the small amount Of trading that
has been going on, several stocks
have jumped considerably, notably
the following: Red Top, Jumbo and
Jumbo Extension, All other stocks
are holding their own, none having
appreciated to a noticeable degree.
Let US review u portion Of the
mining history Of the camp in this
section of the country, and see il now
isnot the best time to invest.
This camp was discovered in May
1900, and in August Of that year the
first claims we're staked and record.
ed. In september mining was com.
menced in a very small way by Jas.
l. Butler, the d|iscoverer, r. L..
Oddie and W. Brougher and toward
the end of the year 1900, portions Of
the claims staked by Jas. l.. Butler
we're let out on leases and from that
time Tonopah became a factor in the
mining world 70 date the produc-
ton OF the mines here as shown by
the smelter returns total up to the
magnificent sum Of S12, 685.0 90 aud
this out Of a country where until a
year ago every pound Of ore had to
be hauled by teams a distance OF 65
miles to the railroad, besides the
ore that has been shipped we have
here enormous dumps or what is
called low grade ore, that is, ore
that will not give better returns than
$50 per ton, which will have to wait
until transportation is considerably
cheaper before il can be treated
cheaply enough to yield a profit to
its owners.
Goldheld, a camp discovered about
eighteen months ago has shipped and
received the returns from ore valued
al So, 6S2, 94h. 90 and this in the face
Of hardships just as great as Tono-
pah had IN the beginning but with
the advantage Of Tnnopah's exper.
ience, When one considers the
enormous amount Of work necessary
70 be done in a mine before it be,
comes possible to ship ore the above
returns are the most remarkable in
Me worlds history.
The new camps in the country are
beginning to show up well and TO at
tract the attention that they so well
deserve and getting considerable
notoriety for the wonderful showings
that have been made, showlngs on
the surface much richer than ever
Tonopah or Goldfeld had when they
were only as far advanced.
Bullfrog has many mines where
the stock offered the public at the
prices quoted or the Stock Exchange
Of San Francisco from day to day is
a bargain.
Silver Bow will be shipping ore
perhaps before this letter reaches
its readers, OF such high grade that
The lowest values will amodnt TO
500 per ton and over Kawich and
Ida will do the same in the very
near future.
Now Is the time 10 invest, don't
hesitate but send in your orders; be
careful in picking out stock IN com
panies whose officers are beyond
%reproacb, and II in a new company
That wants money for development
purposes, take one whose stock, all
but the treasury stock, is pooled.
Write me for information or adj
vice, as ] am on the ground aud will
always give honest advice aud in
formation.
Yours respectfully,
j. A. MAGILL.
Row IQS T.oL NJ.