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

EhAnhu8 SsONhs
"The increasing interest in the Tono-
pah-Goldfield stocks, in Wall street is
without parallel in any similar new class
of trading stocks or commodities" de-
clares q prominent broker recently, "and
many of the largest New York Stock
Exchange houses are giving large BUSH
ness for the account of their clients, all
of which," he says, els largely due to
the fact that the great Tonopah mine
has commenced the distribution of its
earning power. The public is awaken
ing to the fact that if Tonopah can dis
pense from $1,000, 900 to s., 0 900 per
year, the junior securities, Immediately
surrounding that property, not to speak
of the newer companies at work at Gold
field, Bullfrog, Kawich, etc, are in line
for similar prospective showings.
at looks very much as if Wall street
is going to take the market away from
the western exchanges on these stocks,
for the simple reason that people east of
the Mississippi river understand that
Wall street methods of deliveries, dis
patching business, and terms of stock
trading are SO much better understood
and appreciated than transactions on the
western exchanges, where a certain lax
Ivy 10 iiclS VI ltSS dpDdItHt at all IIC
on such vital questions as the transfer
ring of equities in the form of stock GER
tificates.
again, we believe the public appre-
ciates what a Wall street brokers' report
means, when mailed to a client, showing
him that a purchase or sale has been
made for his account. 1t seems to us
that it is only a question of time when
the legitimate going mining companies
in the TOnOpah district, for instance,
will realize the necessity and Importance
of giving us transfer offices in Wall street.
This, when once done, will broaden the
market for these stocks to a surprising
degree. In this connection there are
only two fundamental principles in
volved in making a market for stocks.
First, the basis of intrinsic value upon
which interpretations are made. Second,
a transfer Office around the exchange
center, where quotations are called.
With these important features estab-
lished, you cannot keep the public from
specializing and investing in stocks from
their respective standpoints of judg-
ment.
"This southeastern Nevada district,
instead of waning, seems to grow and in
crease over night in all directions. This
office is called upon, at almost every
hour of the day, to direct capitalists and
others into this great district. The prof
it's made for the public in the last six
months, on the rise of many of the low
priced stocks, which sold 1T cents per
share and are now registered at dollars
per share, are simply m We
have taken very few profits for our Glen
tele, as we believe that, in a measure,
the advance has scarcely began.
at is certainly seldom that gold is
found in such prodigious quantities, and
10 such simple methods of mining, as is
being witnessed in such properties as
Tonopah Common, Tonopah Extension,
Jim Butler Tonopah, Jumbo Mining,
Goldfield Mining, Diamondfield Mining,
SANDSTONE, St. Ives, Black Butte, Orig
inal Bullfrog, Bullfrog, Gold Reed, etc.
The public is entitled to take a chance
when gold is being produced at such a
rate as is coming from these companies,
and with apparently no limit of area on
all sides of these proven properties.
"Coincident with this marvellous exhi-
bitiOn of wealth-producing mining COM
panies, there is in the field, and p~artic-
ularly in the eastern metropolitan press,
danger from the INSCRIPTIONS promoter,
who seems to be reaping a harvest from
a misguided and ignorant public, whose
ideas of regaining fallen fortunes OF in
making new ones is in listening to the
prattle of such preposterous and unbe-
coming statements as are paraded in the
headlines of daily newspaper advertise
ments. 1t seems to us that if there is
any legitimacy left in journalism, the
least that could be done to stop this open
theft, on the part of these sO-called pro-
moters, would be to give the public, for
every column OF paid advertisements OF
this nature, a similar column of warn
ing not to buy stocks advertised in that
manner The most enterprising news
paper can not stop the birth of new
thieves every hour, but it can instill into
its readers a certain amount of sound,
logical and a~rgumentative reading, which
would show the unsuspecting victims,
who do not appreciate what an invest
ment is, Just where the delusion comes
in at the hands of these ~highwaymen.
Gin this connection, there came into
our office the other day a b~right-looking
chap, who offered a list of names for sale
for the small sum of $40. His claims as
to the virtue of the list for advertising
purposes were, in no sense, misrepre-
sented. On the contrary, a frank and
full exposition was made as to the char
acter of the list. He disclosed, to prove
his contention, an advertisement appear
ing in a Chicago daily, which read about
as follows: Those who read this adver-
tisement and want to get IS for nothing,
should write us at once etc. He showed
us not less than 800 replies, from all
parts of the country, on postal cards,
wrapping paper from a store counter,
and in every form of an ignorant exhi-
bition of senseless people replying to
such a ridiculous advertisement. The
man only claimed for the list what
it most assuredly was-'a sucker list