Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1905-10-07
MIMS-SUTRO CO., INC.
Market Letter and Weekly Review
Of Stocks in the Districts.
ronopAn. Nry.. Oct. I, l9O5.

~ NAAAf f"fFF !
The Tonopah market this week has
been sluggish and Of q downward ten
dencv while the Goldfeld stocks are on
the inward trend. The notable exeep-
tions in Tonopah stocks have been Tono-
pah Extension and Golden Anchor and
a very decided slump in Montana.
TONOPAH OF NEVADA last week
declared its third regular dividend Of %
cents per share, since when it has re-
acted and is now selling firm at Sl3.
We note several sales Of this stock,
seller so, but u opinion is that at the
priee it is n Of the best investments
that any market affords.
MONTANA T0N0PAH still con
tinues on its downward course, and as
stated last week by US, we would not
he surprised to see it touch $3.50 before
again reacting. The dividend, now that
the company is under the old manage
ment. is very problematic, and until
their policy is more definitely outlined
we would not advise the purchase OF
the stock ever at these figures.
BELMONT is again showing strength
and today sells around $l.45 bid, The
mine during the past few months has
been making an exceptional showing,
and it is our opinion that the stock is a
buy.
jim BUTLER. There has been very
little trading in this stock during the
past month or so, but as we advised IN
our last weeks letter, it is a stock that
a safely be bought and put away for
a good profit in the very near future.
WEST END. They are still prepar-
ing their first shipment from this mine,
and we have it from the very best of
authority that it will be a large n and
of exceptional value. The stock has
reacted during the past week and today
sells around 95 cents, at which price we
would strongly advise its purchase.
TONOPAH EXTENSION and GOLD
EN- ANCHOR. We look for quite a
rise in these stocks during the next
week. due to the fact that Mr.. Chas.
M. Schwab, who is one of the principal
owners in both of these companies, is
now on the ground, and after inspecting
them will undoubtedly buy, himself, OF
advise his friends to do so. We have
constantly stated that all that was neces
sary to make enthusiastic purchasers o.
these secureties, was to have said pur
chasers make an examination of thu
properties.
NORTH STAR under heavy selling
orders has receded and today sells a
40 cents. There is some manipulation
in this stock which up to the presen
date we are. unable to discover. TIL
mine itself is constantly shipping, an
although there is a rumor that the ledg
has pinched out, we have had our eS
pert thoroughly investigate the sam
and he informs us that it is a maliciou
.faIsehood, evidently started with tn
one intention of bearing the stock
Our opinion and advice to our clients
to buy North Star with every confidence
OHIO T0N0PAH today sells for 2
cents bid, at which price it is a buy
Directly adjoining this property an
surrounded by the McKane Mimi
company and Red Top Mining company
both of which are practically owned b
Mr.. Schwab and Mr.. McKane, lies tn
Morarch Pittsburg Extension Minin
company, of which we are fiscal agent:
We have lately had an offer to tur
over the control of this property I
these Pittsburg capitalists, but hav
refused, knowing as we do that TIL
prospect will with a few thousan
dollars more expended develop into on
of the greatest mines in the distric
We have, during u business career
this district, handled and fioated man
properties of merit, but with all col
fidence we can tell our ellen
that the Monarch Pittsburg Minir
company offers the greatest grouI
floor proposition in its sale of treasul
stock at % cents to be had in eth
camp today.
GoLDFIELD stocks the past wei
have shown decided strength, notabl
Red Top, Goldfeld Mining and Kenda
We today had a conversation with M
Wingfeld, general manager of {
Kendall, May Queen, Sandstone al
Columbia mountain, and he tells
that it is only a matter of a very fe
weeks when he will demonstrate to
that Kendall is as great a mine
Sandstone. He reports having u
covered on the May Queen six feet
shipping ore which u n as high
$4,000 per ton.
COLUMBIA MOUNTAIN. he repol
has several men working in the tun,
with every indication Of encountering /
ledge which is known to be there. Va