The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-04-21

hasa1
Oriental district contains values equal to
those of the now proven and thoroughly
exploited sections of Goldield, Bullfrog,
Kawich, etc. W. Douglass, president
of the company, and a mining engineer
of wide fame and repute, who is a rec
ognized authority in mining matters in
Nevada, states that this property should
prove to be one of the big producers as
soon as development work has progressed
sufficiently. The company owns six
claims, which were worked in the early
seventies by a primitive process, there
being at the present time abou 500 tons
of tailings on the property, worth in the
neighborhood of 10000, which were
left there from the old arrastras, by
which method the properties were
worked in the early days. We consider
this a splendid proposition. The only
reason hat the stock in this company
was not all subscribed within twenty
four hours is the fact that it is located
in a district that has not been given the
same attention and publicity as has
Goldfield and the better known sections.
| At the present figures this is a remark
able buy, and time will show that our
predictions with regard to this property
are correct, as they have been in almost
every other instance.
Observation-Disclosures the fact
that this property is recognized by min
ing men who know to be one of the best
i'm the district. the stock still feels the
effect of the ~rediculously insane panic,
the cause of which was fully covered in
our letter of last week, and which re-
suited in a great many of the over-timid
holders of this stock throwing the same
on the market. These people will regret
their action, as Sandstone is looking
better each dav, and there is no doubt
that it is one OF the wonders of the Gold
field district. We consider Sandstone,
at the present figures, one OF h best
buys, and the volume of orders that we
have received for this stock since our
last letter was issued is demonstrating
that investors are beginning to realize
the foolishness of these timOrOus holders
and are taking advantage of their action
by absorbing this stock fast as possible.
Nav Queen continues its splendid
| showing as work progresses. The Ken
dali lease is coming on most satlsfactOr-
ily, and we have no reason to change
our prediction that this stock will be
soaring within a short time.
Jumbo shows a recovery OF a few
points, but no marked strength. From a
mining standpoint, this is a splendid
property, and the litigation connected
with it is greatly deplored. Until all It'll
cation has ceased, we cannot recon-
mend an investment.
Kawich Gold Mining Co of Nevada
In accordance with the liberal, broad
guage policy of this company, the direc-
torate have voted to donate 100000
shares of the promotion stock to the
treasury. There was originally 100000
shares in the treasury, this making a
total of 400, 900, with a capitalization OF
81 ,000, 900.
We are also much pleased to nnOunc
that this company has secured the serv-
ices of James Mcdonald, a mining engi-
neer of international repute, who is a
recognized authority in all matters per-
tanning to his profession. Mr.. Mcdonald
has assumed the management OF the
Kawich properties, and the work, which
has been progressing most satisfactorily,
will continue with increased vigOr and
the entire property will now be thor
onghly exploited and developed. Mr..
Mcdonald will at once sink a double
compartment shaft on the Last Chance
group to a depth of $50 feet before run
ming a cross-cut. 1t is also his intention
to Immediately hanuiins the
large deposits of decompOsed porphyry
and quartz that exists IN the opposite
side OF the bill, and which is in itself a
bonanza, inasmuch as assays show aver
age values of $33. 90 to the ton, and this
deposit can be handled with a steam
shovel. at a very nominal expense.
Notice has been given OF the with
drawal Of all treasury stock on May LIST.
The company is in splendid condition.,
and after May lst we will be unable to
offer any treasury stock. As the prop.
erty conditions today warrant a price OF
three times the present figure, 1t can be
readily seen that when the sale OF this
stock is stopped on the date above men
toned, with the heavy demand contlnu-
ing, the quotations on this stock SHOULD
assume a normal figure, which, as be-
fore stated, is three times present price.
We again declare that, in our opinion,
the stock of this company offers the
greatest opportunities to investors. We
consider it one of the biggest PROPOSE
tons in the State. and there is no doubt
that the profits realized by investors in
this stock will be highly satisfactory to
the most avericiOus.
If any of our clients desire to increase
their holdings in this company, it would
be wise to telegraph us Immediately and
have the stock reserved, as We will posi-
lively be unable to secure another share
of stock from the company after May
LIST. 1t will then be necessary to buy on
the San Francisco Exchange, and pay a
heavy advance over present quotations.
Space will not permit a more exhaus-
tive review OF the market, however
much we should like to cover all repu-
table propositions in the district.
We shall at all times be pleased to re-
plv in detail to any communications adj
dressed us, and we will continue II
policy OF sparing neither time nor ex-
pense in an endeavor to secure for our
correspondents and clients information
at first hand of the most reliable and
authentic character.
Write us freely and we will take pleas
ure in detail to any communications adj
dressed Us.
We give the closing quotations for
today:
l., 1,1l;.Il \f;nipn 90 %