The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-06-30
WEEKLY MARKET LETTER.
Comments on the Local Situation by
the Kenneth Donnellan Co.

Goldfcld, New, June 90, 1905.
The renewed activity which exhibit
Ell itself mt the end of last week on
tinued very much stronger this week,
many of the stocks taking big jumps
and the number of sales recorded be-
ing more than have prevailed for many
weeks. The stocks dealt in were of
the better class of securities of the
three districts, showing that the
stocks which in the early spring were
foistcd upon the public have lost pres
.tige, and the investing public is he
coming more thoroughly acquainted
with the stocks upon which they may
realize Il good profit at any time.
The most noticeable rise among the
Goluneld stocks was the Golofield Min
ing company; this stock which sold
several weeks previous down in the
f%orties, advanced to the 75c mark. but
under profit taking fell of at the end
Of the week with but few sales re-
corded at the lower ffures.
A new strike was reported this week
IN the February claim of this com
pany, the ore assaying 1905 across A
feet. That this stock will sOon be
pNCi lht hOllli H4dah - 'ty'h' idto
lion, consequently those who get in
at the low figures will realize good
profit.
SANDSTONE, too, was among the
stocks most in demand, sales being re-
corded rs high rs Zoe during the week,
hut as the property continues to im-
prove in 10th leases ) and 6 there is
no DOUBT that the stock will go higher.
Red Top maintained u steady price
..rnund Ale and APE, closing at 43c
asked. A new strike is reported on
the surface of the property, and with
IN the next few months this stock. to;
eether with the two above mentioned,
should he in the dollar class. We have
al along advised cur clients that this
was a good buy, and continue to so
advise them.
D~ianondfield maintained about the
same figures as prevailed last week,
with considerable trading in the stock
1T the low figures. This stock should
take an advance within the next cou-
pie OF months, possibly sooner.
Black Butte rallied somewhat dur
ing the week with 81 number Of sales
at somewhat higher figures thar those
of last week. Both pack Butte and
D~iarnondfield should advance.
Blue Bull was in considerable de-
mand owing TO II reported strike on
that property, but with few transac-
tions in the stock on account of the
variance between the bid and asked
prices.
Columbia Mountain, Adams, Dixie,
Kendall and Mohawk maintained prac-
ticaily the same prices as prevailed
during the previous week.
st. Ives, Vernal, Silver Pick and
Empire do not show any recovery
from the slump, but will in all proba-
Eiiity pick up shortly, owing to a new
strike being made in all the districts
surrounding the properties mentioned.
Reports Of big strikes in both the
National Bank and Original Bullfroe
properties caused quite Il furry in the
price of these stocks at the end of the
week, and considerable trading was
lone in both of them.
Eclipse fell off during the week, sell
ing down as low rs Sc, closing at that
figure bid.
Gold Bar and Denver remained at
,hout the same figure, although Gold
Bar should be selling at a much higher
price, as all the reports received from
the property Indicate that it will be
one of the best mining propositions in
the Bullfrog district.
This coming week the Tonopah and
Goldfield districts are to be visited
by a majority of the stock brokers be-
longing to the San Francisco Stock
and Exchange board, during the vaca-
tion of that body. Goldfeld is pre-
pairing a royal welcome for these
guests, and will show them not only
I fair sample of southern Nevada hos
pitality, but also the greatest gold
mining camp ever known, age and de-
velopment considered. We, together
with the rest of the citizens of this
camp, wish to extend them a hearty
welcome and to assure them that they
have many surprises in store when
they visit the different properties, and
we are satisfied that after they have
viewed the same that they will do a
great deal to enhance the value of the
meritOrious stocks. We welcome them
most heartily.
W. unOta.