Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1905-05-13
MIMS-SUTRO CO., inc.
Market Letter and Weekly Review
of Stocks in the Districts.

IENAi AiAE nv RhgN t
and Gold6eId stocks have suffered a
material decline due to various
causes. In the first place there has
been an entire lack Of inside support
Of the leading stocks, with some
proft-takiug by local holders who
have committed themselves to heavy
investments in Bullfrog, Kawich and
other new camps; this position was
seized upon by some operators on
the Exchanges who at once "beared
the standard stocks and as always
happens in such cases the lower
priced stocks felt the effect and de-
clined IN sympathy. Such a move
ment is due to circumstances on
which the merits of the mines aud
the intrinsic value OF the stock has no
bearing whatever, and should not in
iuence anyone who can form q Just
valuation OF the mines. Even now
the market may show a slight de
cline although we are strongly Of the
opinion that ii has about touched the
lowest point and should not 80 any
lower, and furthermore we IN
fidently expect a marked reaction to
take place and prices advance sub
stantially within the next thirty
days. That there are reasons for
this is very evident If n calmly con
siders the present conditions Of the
great mines of the district.
Tonopah Company. The directors
report just issued is most satisfac-
tory; it showed that on Feb. 18th.
the company had $270,0 900 in hand
out of which a dividend Of $3.50, 900
was paid and since that date over
10, 900 tons of ore have been shipped
worth fully $400, 900, The company is
now making every preparation to
double this output aud are also going
to erect their own mill. We say
that this stock is cheap.
Jim Butler. This stock has suf-
fered a great decline and yet it is
well. known that the west extension
of the Valley View vein which runs
through the ground is richer thar
ever. The fact is, the Tonopah min
ing company has control of the prop
erty now. in buying this the stock
advanced; now that they have i
they have no reason to support tht
market and with a few frightened
small holders selling out, prices have
sagged away. We state most EN-
phatically that tins stock is cheap
far below its actual value.
Belmont. Has maintained it
value fairly well. The mine is open
ing up well on the three levels nov
being worked, it is "a regular shippe
and has already sent out over 300
tons which taken at its lowest yalua
alton must have Melted $40 or a 10
1920, 000. Recently there have bee
rumors that the company woul
pay a dividend but we are dis
posed to doubt the truth of these an
moreover do not think it would b
right for the directors to pay
dividend yet.
Montana. Even this stock dt
clined and is the best example OF tn
causes we have mentioned above. A
$3 90 this stock is like a governmer
gold bond. The company has
heavy cash reserve, is making il
creasing shipments every week, tt
mine never looked so good as it doe
today and has immense ore reserve
We say buy and hold this stock f
regular dividends.
Tonopah Extension. OF course, Il
bears attacked this and called tt
price lower without forcing any sal,
The stockholders meeting is on Il
18th inst. and the statements mat
there will convince everybody OF tt
extraordinary value OF the mine.
Midway also fell and again for
reason, no mine could look bette
both east and west drifts are
splendid ore and the Wine and ii
raise also. Regular shipments
high grade ore and . splendid ma
agement with a board of directo
who will not sell a share. II you ha'
none, buy, or increase you prese
holdings and wait for dividends.
West End and Golden Anch
should also be bought, al
Mcnamara, but we can only say
North Star wait before you buy.
We want to impress upon you tn
now is the time to buy these stan
ard stocks.