Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1905-03-25
MIMS-SUTRO CO., INC.
Market Letter and Weekly Review
Of Stocks in the Districts.

ing last week put some Oh bhe meIlb-
orious properties on the bargain
counter. All that sold out last week
made profits and are again buying.
1t is easy to see that when stocks re-
cover as quickly as they have this
week that the only reason for their
decline was profit taking. The mer-
it's OF the different properties will be
dwelt on separately. All who read
our market letters cannot fail to see
that in every instance we have
guessed the market correctly. At
the lowest prices during the latter
part Of this week, our firm was again
the heaviest buyer. Try to keep in
touch with us as we are anxious to
answer all inquiries. To speculate
in stocks and make money requires
foresight. We are on the ground
and can better advise than brokers
at a distance from the of &C
tion.
Tonopah Common is still 81 so bid.
The stock is extremely cheap at
these figures. Whether they pay a
dividend or not, cuts no figure. The
immense bodies of ore blocked out in
this mine are sufficient guarantee
that the stock is not selling for near
what it is worth, Intrinsically it
ought to be selling for $25 but it
takes money to buy high priced stock
and the action is very slow. There
is no doubt about it in our mind that
a dividend will be declared 1t will
not exceed 25c and may be payable
quarterly. If the dividend is 25c a
month the stock will sell much higher
in the near future. If, however, it
is % cents quarterly, the stock is
selling high enough for the present.
Montana Tonopah as we predicted
on heavy buying has gone past the
So dollar mark. This stock also
must in the near future pay a divi
dend. It is a buy any time it goes
below SO. 90.
Both Belmont and Midway are
firm. Belmont is $1.05 bid and no
stock in sight; Midway 81 80. Our
firm again cleaned up the market
around the 81. Is and 81. 80 mark,
and as we are in touch with the in
siders, we can safely predict that
50 will look cheap for Midway in a
very short time, the showing in the
mine being exceptionally good.
North Star, on talk OF an appeal
in the suit recently won by them, has
weakened this particular stock. 1t
is inside property, exceptionally well
situated and is selling for not neal
what it is worth. 1t is a buy around
30 cents any time.
Mcnamara is one of the greatest
mysteries on the street. Thousands
OF shares of stock are constantly sold
and it is the most active of all Tono-
pah stocks. Trading in il has all the
a marks Of manipulation. 1t is
hard to guess what the insiders are
doing with this stock. Some talk Of
increase OF capitalization, others Of
compromise in their law suit, ard in
fact, all sorts OF rumors are con.
stantly being spread about it. II
will be well for the present, to keep
your hands off. We would rather
advise the buying Of Mcnamara when
some of these rumors are definitely
settled one way or the other.
Tonopah Extension is firm at So.
Golden Anchor, on juniors of a re.
ported strike sold up as high as sc
cents. 1t has again reacted TO So
cents. and in our estimation selling
too high. 1t is true that they have
encountered some good looking
quartz, but nothing of a character tC
put the stock TO the figures il
reached this week. 1t is true thai
this stock is controlled by Pittsbufq
capitalists who have Mr.. Schwab and
other prominent Pittsburgers in
their directorate, but fasteners
know better than any one else
whether stock IS selling for more
than it is worth and whenever such
is the case, you can buy any quaint
ity. When, however, the showing
warrants a higher price, the stock
goes up in leaps and bounds.
Ohio Tonopah is quiet. Nothing is
doing but we expect to see a move in
this particular stock almost any day.
Jim Butler, we strongly recon
mend. Its location is second to none;
it covers an immense amount of ter
ritory and We are positive that the
stock will sell a great deal higher in
the near future. Considering the
capitalization and the immense
amount Of stock out, it is in our esti
nation n Of the strongest stocks on
the list today.
Quite a demand is s~pringing up for
West end around soc cents and with
good reason. The company has
started to work, has ample funds on
hand to keep up the work and has
some of the strongest men in camp
on its board.
Tonopah Gold Mountain is another
stock which will do better ia the near
The showing out there is
tAts- thar axa.4 Ey,., J a..I