Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1905-09-09
MAGILL'S MARKET LETTER
The Weeks Movement in Stocks
and work in the Mines.
ToNopAu. New, Sept. 9th, 19O5.

lOkOfAnf INSNss pNPbs JbiAi AOpus
There is nothing strikingly new to be
,ocorded Of the Tonopah and Goldfeld
stock market this week, except that
Tonopah Extension has declared an
other dividend, this time of 10 per cent,
navable October 1st. Prices are just
about the same as they were a week
ago. Jumbo excepted, which manifest
bullish tendencies, jumping from the
70's into the SOS. predicted a rise
fol- Jumbo. 1t is a wonderful property
and worth more than is asked for IL
now. But while the market is, as a
whole, stationary, with here and there
slight reactions, it is very firm. Trad
ing Is light as yet, and seems TO be for
the purpose Of testing the market, or
to buy a little below it. This lethargic
spell can not last much longer. All the
conditions conspire for a bull market
at am early day. The student Of con
ditions can reach but one conclusion
that We are Oh the y Of an era Of
great activity in southern Nevada min
ing securities. The railroad IS now
broadgauged, which win result, with
the lapse Of a little time, in larger and
more frequent dividends. Shipping
facilities are not yet equal to the de-
mands Of the camp, owing to the facts
that the railroads hesitate making
heavy hauls oven the new roadbed.
Next week Goldfeld viii have its own
railroad facilities, and shipments from
that point via Tonopah BY mule teams
viii be a matter Of history. When
these two camps obtain shipping facili-
ties commensurate with their power to
produce, they will make an unparalleled
record. Again, dividend payments are
becoming more frequent, and larger in
amount. Tonopah Extensions initial
dividend was 5 per cent, the one just
declared is 10 per cent, and the next
one is likely to be 25 per cent, Think
Of il. This stock a year ago last March
was selling for 65 cents, and today is
quoted at 1925. And Extension is in
It's infancy.
Of course, the present prices Of many
Of the Tonopah stocks bar the small in
weston. Yet the opportunities offered
him arc greater than ever. The new
camps are progressing at an amazing
pace. Men who have made fortunes in
Tonopah and Goldfeld are now entering
these new fields because Of their great
promise. Kawich, whose development
was somewhat retarded during the sum
mer on account of the heat and scarcity
Of water, will soon have plenty of
water to supply all demands, a syndi-
cate of Tonopah capitalists having been
formed TO pipe it assistance of Il miles.
Representatives Of Charles M. Schwab,
the steel king, have secured heavy in
terests in Kawich, presaging good
things for the camp. The Diamond
property has exposed a strong vein
over four feet in width, giving average
values Of S7s per ton, free milling gold.
Lida's mines are justifying early pre-
dictions. The Ida Queen Company has
already in sight 20, 600 tons of ore run
ming from $40 to $500 per ton Of free
milling character, and will proceed at
once TO the erection Of a 10 stamp mill,
and many other properties are making
most remarkable showings for the time,
work and money spent upon them.
Developments at Silver Bow are SO
reassuring that the only problem that
occupies its people is the completion of
a road that viii permit shipments Of
ore.
A good piece of news for all the
camps is that another road is TO come
in from the south, assuring competition
and lower rates.
Verify, while the most sanguine pre-,
dictions with reference to Tonopah and
Goldfeld, the dreams of dreamers, as
they were supposed to be, have become
realized, the new camps promise equally
well, il not better. Don't delay getting
an interest In them. Now is the time
to become an owner or part owner in
either one or more of them. If you are
interested and will write me for infor.
nation on southern Nevada mines OF
mining stocks, | will be pleased to give
it to you free of charge.
Yours respectfully,
j. A. MAGILL.