Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1905-07-22
MIMS-SUTRO CO., INC.
Harket Letter and Weekly Review
Of Stocks in the Districts.

hE1A w. RNNaNJI
ing between $2.92k and 1926 an
today selling firm at $3.15. Tn
tone of the market is decidedly goo
and we look for much higher price
from now on.
Tonopah Of Nevada still hold
around $3.50. This stock is s,
closely held that it is next to i'm
possible to obtain any at the figur'
at which it is quoted.
Montana the early part of thii
week went as low as $2.92R, bu
upon the report of a strike on thu
765-foot level it reacted and sold al
high as 1925. We investigated this
strike and found it to be one of the
greatest the mine has yet shown
Were this stock more closely held
it would today be selling at So per
share We think it a buy at the
present figures.
West End holds very steady
around ST.. A new ore house is now
in course Of construction on this
property, and upon its completion
they will Immediately begin sorting,
preparatory to making their first
shipment. When this occurs the
stock should sell for double its pres
ent price. We advise its purchase
now.
Midway has at last completed
erecting it's new hoist and gallows
frame and has again resumed oper-
atoms. Our Mr.. Minis and Senator
Ralston Of California a few days ago
inspected this property and were
very much surprised and elated at
the wonderful showing made in it
They report that on the 470-foot
level the values shown and the
width of the lodges we're simply
amazing. We have constantly adj
vised the purchase of Midway, being
personally acquainted with its man.
agement and directorate, and we
think it one of the best buys at the
price in Tonopah today.
Golden Anchor, of which we last
week advised the purchase, is today
selling So cents bid, with every indi-
cation of touching the 81 mark in
the next few days. The mine still
continues to improve as development
proceeds, and we look to see the
stock go much higher shortly.
North Star is now selling around
60 cents, at which price we think 1t
d positive bargain. Local mining
men who have looked at the prop
erty since the u~ncovering of the
ledge, regarding which we spoke in
Il previous letter, have left the
mine most fayorably impressed. We
are very bullish regarding this a
ticular stock and advise our clients
10 buy it at once.
We are just in receipt of a very
favorable piece of news-a strike of
the greatest Importance on the Ohio
Tonopah. The ore, of which We have
seen a sample, is in quartz, which
assays as high as 5000 to the ton.
Upon report of this strike the stock
has risen from 2S cents to 35 cents.
at which price it is now selling. We
think i still a buy.
The above strike demonstrates
without doubt the existence OF the
lodges ABBOTT which we spoke last
week, running through the property
OF the Monarch Pittsburg Extension
Mining Company, for which we are
the fiscal agents, and also proves the
existence of these lodges in the west
ern section of the camp. Clients of
ours can make no mistake in taking
on a small block of this stock. which
We are now selling for % cents per
This is a bargain.
We have just been informed that
the returns from the first shipment
Of ore made by the Tonopah Gold
Mountain Mining Company resulted
most fayorably. AS these shipments
wilE new continue and the money
obtained from said shipments be put
to development purposes, the prop
viii soon be in a position 10
enlarge its scope of DEVELOPMENT
work, which will naturally insure
larger and more frequent shipments.
The Consolidation of the Diamond
Held and Black Butte properties, ne.
garding which We spoke in our let.
OF last week, will take place at
a meeting to be held on August :
one Of these stocks at the
price at which il IS now selling is a
purchase for, with the c%onsoiida
comes new management with
John Mallane At the head as presi
lent, ana We predict that within 90
lays DiamondGeld Consolidated
tool eufff .gQT .F--