The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-03-24

Comments on the Local Situation by
Kenneth Donnellsn q Co.

part. All the stocks have been traded
in largely but a reaction from the steady,
firm advance which has prevailed for
the past month was noticeable n a
general feeling of weakness manifested
itself all along the line. We, however,
look for strength the coming week.
This should certainly be true of the
Tonopahs as well as most of the Gold
fields. We again wish to call the atten-
ton of our clients to the fact that the
country is being flooded with literature
advertising wildcat" concerns and
some of these advertisers have adopted
the policy of running down the more
%meritorious properties, properties which
are active producers and recognized as
among the best, and at the same time
advising the public to buy stock in prop
critics which never have produced a
pound of ore. Ii the investing public
will carefully a~nalvze these catchy adj
v~ertisements" they will realize that
there is "a niger in the fence and
should fight shy of investing until they
had properly investigated all the claims
made by these promoters. We receive
many letters from people all over the
country in which they state that they
have invested money in stocks OF prop
critics in other districts, which stocks
they have held, some for years, and
which are absolutely worthless. Had
they investigated before buying they
would not have purchased-our advice
again to the public is to make careful
inquiry before you buy. Ii this method
is followed in all cases 1t would soon put
an end to ''wildcatting' and the public
and legitimate mining would reap the
benefit.
OF the Tonopahs, Midway made the
best showing during the week, advanc-
ing II points and in strong demand at
$1.27-it is a good buy at this figure.
Tonopah Extension recovered some
what from the slump of last week and
returned to the s. mark, but fell off
slightly from that figure at the end.
Belmont was largely traded i'll and
maintained strength around xl.05. 1t
should 90 higher this week.
Mcnamara lowered around the
thirties most of the week.
jim Butler is up three cents over last
week and in our opinion should advance
shortly.
Golden Anchor, which took such a
rapid flight upwards last week, fell back
TO zoe with considerable changing hands
at that figure.
Many orders for Montana advanced
the stock to near the So mark and it
should 20 higher. a.z Msaf..:5llS~azsaa
Goldtield Mining remain stationary
at 74c. When certain developments on
the property OF this company are made
public this stock will jump to the dollar
mark.
Jumbo, which last week was selling
in the 90s, broke badly during the week
selling as low as 75c.
Columbia Mountain, Kendall, Blue
Bull, Jumbo Extension and Nernal were
in the up and down class but all showed
strength at the end Of the week.
st. Ives remains strong and IN de-
mand. This is one of the stocks that
will surely advance.
Red Top recorded a large number OF
sales and suffered under a strong beal
movement. If properly managed, this
as we have stated before, should prove
one of the best properties of the camp
Mohawk, its neighbor, and Silver Pick
were in demand and both showed al
advance over last week.
Diamondield and Black Butte both
fell off a few points but were much III
favor in the buying and will both adj
vance.
Adams and Goldfield- Diamond were
in demand among the cheaper stocks.
Sandstone, in spite of a concerted
bear movement to break it down, in an
effort to allow shorts to cover, stood the
ordeal we'll and there was considerable
difference between the bidding and ask
ing price. We have fully informed our
readers of the greatness Of this prop
erty-what we have stated before is
still proving true and the property is in
splendid condition. Ore is being sacked
and shipped to a local sampler, which is
giving splendid returns. This stock will
show a material advance in the next
two weeks.
We ouOte: