The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-06-09
ws.n.l hiARna. nM1r1R.
Comments on the Local Situation by the
Kenneth Donnellan Co.

The conditions of the past week
have ueen about the same as have pre-
vailed for the last month; however,
the prices are taking on a trmer tone
and the demand for the better class
of stocks is improving showing that
the money which has been lying idle
during the slump is now seeking in
yestment in the better securities.
Trading has been ~livelier than for sew
eral weeks but some of the stocks still
remain inactive. How long this slump
will last it is impossible to say, but
every indication is that it Will he of
short duration. More properties are
being worked, more men employed,
and the ore showing up as depth is
attained.
The railroad contractors hav the
grade of the new road nearly com
pleted to Goldfeld. when it will not
take long to lay the rails, and it is
probable that the road will be in op-
Grafton by the time specified and that
bv August we will have railroad com
municatious with the outside, which
will materially reduce the cost OF
supplies of all kinds.
Further Developments on the Sand
storm show that to be even a bigger
property than the most Sanguine i'm
agined; the rich shoot encountered
in the vertical shaft on the 30-foot
level is holding out well and is being
carefully cxtracted-the values run
ming very high. The Old Glory Hole.
too, is showing up better than an
ticipated; rs depth is attained i'll the
new shaft the values increase. and the
rock which did not carry values on
the surface pans well and as it goes
over the screens II proves to tie of
shipping value. The stock was held
finn during the week with few sales
made. at a considerable advance over
last week.
The January o. the Goldfeld Min
ing company IS rapidly getting in
shane to resume it's output of ore, and
the mine will be in better condition
than ever under the able management
which it now has.
Sinking has been resumed on the
Red Top. and this stock has stood the
test of the slump better than any
other on the list; IT has under repeat
ed hear movements during the
past week held firm, sales being made
as high as Ace. When the slump Is
over we look for this stock to take a
rapid advance.
The sirikc on the Jumbo Extension
continues 10 improve with depth, AID
ASSAYS slow big values running up
over $1,000.
toinmoia Mountain suffered consid-
crabl} during the week but recovered
some towards the end.
Adams, Blue Bull, Nerpal and Mo
hawk all recorded sales made at very
low prices when the merits of the diff
ferent properties are considered.
D~iamoHdfeld remained about the
same with a small amount of trading.
Ecports recciye.l from there are ia
vorallc and there is no reason why
tins stock would remain at present
figures.
Black Butte, too, felt the effects OF
the slump, aud sales We're recorded as
low as Zoe.
St. Ives went off some during the
week, this in face Of the fact that
they are sacking ore on this property
and will soon make q shipment.
Several of the ~best-known engin-
GERS in the mining world have been in
camp during the past few weeks, and
they have expressed themselves for
chilly. and all concur in stating that
Goldfeid VIII prove to be of the
best mining camps IN the country;
with these opinions expressed by men
who have had experience in all the
different mining camps, the investing
public should rest assured that any in
vestments they may make in this camp
if on the Legitimate properties, will
net them Il handsome return IN the
near future, as the prices of all the
stocks are now very low.
We quote subject 70 marke. tiuc-
tlatlons: