The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-06-02
WEEKLY MARKET LETTER.
Comments on the Local Situation by
Kenneth Donnellan q Co.
Goldfeld, New, June 9, 1905.

stocks were actively dealt in, many
shares ~chenring hands without mate
rally affecting the price of the
stock except in a few instances.
4 number of strikes have been
made during the week which, had
they occurred prior to the slump
would have jumped he stocks af-
"ectcd many points. Those stocks
pur clients as being reliable ones are
showing strong and in good demand.
Many of our clients have taken our
'dvicc the past few weeks and have
; ought; they will certainly make p
rool profit within a short time, hav-
ing purchased at the lowest price.
We 10 not think that any of these
stocks can go lower.
The stocks to show the greatest
strength during the week were jun
o Extension and Sandstone. On
the .iumlo Extension ground a very
rich strike is reported, in conse
qucnce of which the stock jumped
rom l2c to 19c and 20c being very
active around those figures. From
authentic sources we learn that this
strike is n good one and should make
that property valuable. The strike re-
ported on the Sandstone has the same
80 J,l~ ,rhtpb y-n Sfr,,sE SnynPal
months ago, and of which we ad
vised our clients at that time; work
was stopped at the point at which
this was found, and thirty feet in
depth on the vertical shaft the same
ore was encountered, which considering
the depth and the fact that the first
rich ore was found on the surface
demonstrates the fact that this is, as
we have constantly advised, one of
the biggest properties in this section
of the country. The width of the
ledge at the 5O-foot le,ri is II inches
and free gold a be readily seen
without the glass. The estimated
value of this new find is placed at
in the n~eighborhood of $4,000 to the
ton. The news of this strike had an
immediate effect upon the stock, run
ming it up from 3Sc to 45c bid for
large blocks but with little to be had.
The well-informed holders of this
stock have held closely to it during
the slump, realizing that the fall in
price was only due TO the general de
cline of all stocks; that they were
wise in holding is 10 shown, and
this stock will go higher.
Black Butte, which rallied consid-
erahly last week, declined again this
week, but we think has now reached
its lowest limit, and with the depth
attained on the new shaft being sunk
by the company, we are satisfied that
rich ore will be encountered and the
stock jump in the same manner as
indicated above in the Sandstorm
case.
Red top remains strong, any stock
being rapidly taken up; there has
been actually no ~huctuation in the
price of this stock during the week,
whatever small lots were offered be-
ing taken at once.
Columbia Mountain, Adams, Ken
DAN and Mohawk are still in the
st. Ives felt the effect of the
slump with prices remaining station
AIRY.
slump greatly during the week, hut
recovered and was strong in demand
at 33c bid.
OF the Bullfrog stocks those most
actively dealt in during the week
were Bullfrog National Bank and
Gold Bar. The National Bank stock
advanced rapidly, but under severe.
prott-taking fell iown t" about the
figure at which it closed last
week.
The Gold Bar property is in de-
mand principally by those who have
Ia II OpFpicuhH P
all reports coming from
there state that this will be one of
the very best properties in that dis
trict.
To our clients we would again say
now is the opportunity for you to
buy in order to reap good profit
The price of all stocks is low and
we do no think that you will again
we do not think that you will again
have an opportunity to get in at the
Do not wait to write us when send
ing in your orders, but wire them
to Us at our expense, and they will
be promptly filed. Our Tonopah and
Goldfeld offices are now in direct
communication through our private
wire with our San Francisco office,
and we can give our clients prompt
service and the most complete infor-
nation every minute Of the day.
Do not hesitate to call on us for any
in fnrmafioD relative To prnnartias or