The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-12-31
REVIEW OF NEVADA STOCKS.
Boom Prices of One Year Ago Are
Again in Evidence.

Nat Boas, San Francisco correspond
ent of James A. Pollock & Co., over
their private wire yesterday, reviews
the weeks situation in the Nevada
mining stocks, as follows:
SALES and trades last week increased
doubly over the preceding one, al
though activity was greatly confined TO
the Goldfield stocks, and shows a re-
newal of the boom of last year Ore
shipments have been: TonOpah COM
pany. go tons; TonOpah Extension, $50;
Montana, 1870; Belmont, 140; Midway,
So; North Star. 80; and about 600 tons
shipped to Miller's. fifteen miles from
Tonopah. and the properties look bet
ter than ever before, with the smelt-
ers question being overcome rapidly by
completion of mills such as Miller's.
The whole Tonopah market shows
bullish. with large buyin~ orders. Mon
tana is rapidly coming to the front and
Is still going east, although no dividend
will be declared. Look for higher
prices. North Star is quietly being
picked up by insiders. Have thus far
been unable to find out anything about
Intended sale of property, and the mere
fact Of a certain clique buying gives
the rumOr a great deal of strength.
Stock is cheap under 10 cents, as they
are getting closer into the ore bodies
and will no doubt increase shipments.
Rescue is strong at 9 cents and very
speculative. They have no special
showing
'Tonopah-Gold Mountain is an ex-
cellent property. for a cheap stock.
Brougher of the Midway and Belmont
is president; Nixon and Wingfeld, di-
rectors. They have fair ore and any
one taking on the stock 10 hold must
at least double his money. Jim Butler
seems to be sagging. with little or no
work being done on the stock up in
the face of a poor statement Look
for it 10 go lower.
"Tonopah Common is exceedingly
quiet probably due to little or no stock
IN this market. 1t should be taken on
under $3.50, as am very sure the next
quarterly dividend will be increased.
TonOpah Extension is likewise eXcep-
tionally quiet; stock noninally $6.75
but they are making big shipments
weekly, and l look for it to improve.
Home is still being cornered by Pitts
burg Have wired this market large
orders and continue buying. mostly on
time: brokers are short, which will
make higher prices when they fill.
Property shows nothing excepting To-
cation. Goldfield stocks, TO which most
or the trading has been confined. have
shown decided and sensational rises.
The showing in Red Top and Kendall
and the high prices of these stocks
have flooded the market with orders
for all other Goldfields. Red Top will
surely pay a dividend. probably 10
cents, In February, as the very richest
kind OF ore is being sacked. Goldfield
Is an older property and looks very
cheap. Rich ore is being sacked daily.
Sandstone has made another Won
oerful strike on the Lotus lease. Stock
IS very we'll held by insiders and there
Is little afioat. Kendall has been the
wonder. jumping from 20 To 60 I'm four
days time; closed very weak last night
at So cents, while property has made
an excellent showing and will make a
fine mine. One Philadelphia firm has
taken 100000 shares from our market
In the past week. If the stock reaches
80 cents il should be bought, as ii will
eventually work higher. Adams, Dixie
Silver Pick, ST. Ives and Blue Bell have
no showing and buying orders are
strictly on account Of the appearance
OF the GOldfeld strength. Bullfrog
properties are commencing to show ac-
tivity. Denver is being bought in the
east, and although IL has a weak ap-
pearance, il surely will do better.
Eclipse has the same condition as Den
yer. At present the stocks to buy are
Tonopah."