Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1905-09-30
MAGILL'S MARKET LETTER
Tbe weeks Movement in Stocks
and work in the Mines.
ToNopAn, New, Sept. 80, 1905.

mo orders at the present time.
Notwithstanding greater activity
Tonopah quotations remain much the
came as they were last week. Me
Namara seems to be gaining strength
45e asked, the highest it has been
for some time. Red Top of Goldfield
IS still quoted at GA and So. Red
Ton took such a bullish turn recently
that it was expected ii would react
sharply with a considerable decline,
hut it is held firmly at GA and Go.
This is not surprising, however, as
It is estimated that between the 50
and 100 foot level there is 81, 200, 600
worth Of ore Gin sight, and the
stock is intrinsically worth more than
is asked for it. Jumbo Extension, by
reason Of having several rich leases
on the property has gained 4 points
and Mohawk, an adjoining neighoorof
the Red Top and the Jumbo has BE-
come very active and is in good de
mand. Both Of these stocks are ex
eellent buys at the present time, and
sure money makers to the pur
chaser.
Some wonderful strikes are ne
ported from the Bullfrog country A.
ledge II feet in width IS said to have
been opened up in the Gibraltar
property, with average values Of
5000 per ton across the tunnel. In.
the Bulltrog Extension a breast Of
ore has been broken into that av-
erages $3.50 per ton. The approach
ing winter viii witness a wonderful
transformation in the Bullfrog dis
trict Development work, SO much
retarded by the summers heat, win
be prosecuted with great energy,
anu the enormous values already ex
posed in many Of the properties as
sure the district a brilliant future.
Tie fact that the Tonopah railroad
and the Clark road are pushing their
systems into Bullfrog with all pos
sible speed, warrant the most san
guiue predictions for the camp The
men at the head Of these corpora
tions would not expend such large
sums Of money without being satls-
fed their investment win bring large
returns. Work on both roads has
already commenced, and win pro.
coed without interruption TO com.
pletiou. This should give o great
impetus to the market in Bulltroq
stocks.
N is reported that some Of The
leases in the Silver Bow district arr
prepared to ship ore, but for som.
reason the lessons object to ship
ments being made at the presen
time. 1t is alleged they want I
defer shipments until they have es
tablished a new towusite in antici
patton Of a boom that is expected t
follow upon the publication OF the re
suits Of such shipments. Operator
in that district have unbounded cor
fdence 10 it.
1t is reported that Manhattan wi
make shipments commencing mex
week, and several properties in tn
Lone Mountain district are soon I
enter the shipping list, Considerin
the age Of these two camps, especial
Manhattan, this is a splendid recort
kawich, Ida, Atwood and Sylvan.
are all prosperous, and building ini
dourishing and permanent camps.
Treasury stock in many Of the con
panies operating in these new di
tricts is now for sale, which affor,
the investor an opportunity which
should not fail to embrace. Some
WN9S hllubs III but NdllbhS hlStt ~
will become famous producers, al
those who are fortunate enough
become interested will becou
wealthy.
There are three things uecessa
to makea mine. First, the existeu
Of pay ore, and lots of it. Secon
an honest and efficient managemer
Third, funds TO develop the proper
to a dividend paying point. The
Yestor a by inquiry and investig
ton ascertain If the first two con.
tons obtain. II they do, he is as 5,
IN investing in mining as in any 9th
enterprise, with promise of a mu
greater return. Now is the time
become interested in southern Neva