The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-10-13
MARKET REVIEW OF
voLNEY b. LEONARD

The fact that fall is well advanced
proves that what exists now in the
Nevada camps may be relied upon as a
safe index to conditions that will be
perfected with further development.
doidfeId, Tonopah, Bullfrog, and all of
the other camps, are showing up we'll
and by that I mean that they are not
only on the eve of a great mining
boom, but they are fortunate enough
to have a substantial undertone.
There are booms more artificial than
real, but they do not endure. The
Nevada boom Just now has the produc-
tion back of IL, and. those persons who
declared that Tonopah and CO. dfield
are dead, miscalculated in more ways
than one.
The recent visit of Charles M.
ScAwao, the steel magnate of Pitts
burg, to Tonopah, to inspect his Tono-
lpah Extension and other interests, IL
Illustrates the worth of the camp. Mil
Ilionaires have too many interests 20
keep them east, when it comes to
prospecting, but mine building is made
of different stuff. Mr.. Schwab also
visited Goldfeld and Rullfrog and ex-
pressed himself as highly pleased with
developments The Montgomery
Shoshone mine, among others, was ex-
amined by Mr.. Schwab and his engi-
neers, and while he agreed that it was
a remarkable property, it is not be-
lieved he will take it over.
Strong markets are not given to
sharp advances beyond what may be
termed a normal point. While some
persons prefer to have a speculative
market, it is by no means Indicative OF
the right kind of boom. To the in
weston, the Nevada markets this fall
and winter will present all of the SEN
'sational desired, and already the in
crease in buying demonstrates that
there will be a strong demand for all
good stocks. b
For Che immediate future-that is
this fall predict strength for the
.Tonopahs and Bullfrogs. Tonopah has
a number of dividend payers, and it
possesses a showing of immense bodies
of high grade ore probably equal to
anything the world has ever seen be-
fore. Tonopah may be compared with
that other marvellous Nevada bonanza
Cor series Of bananzas) the Comstock
lode.
Bullfrog is a milling camp, and there
will be a tendency to withhold extern
sive operations until the completion of
the railroad, which must get into Bull
frog before many months. This will
give a new impetus to Bullfrog stocks,
and the advance should begin very
rapidly just as soon as the trend of at
tention has turned that way-as it g
certain to before the fall has begun to
age.
Goldfeld, of course, enjoys an EN-
viable position, now that the railroad
has solved the problem of mills and
transportation. Both grades of ore
milling and smelting) can be treated
now without difficulty and with reason
able cost.
There is a large number of stocks
that | advise as good investments.
buying in these stocks has been shoE-
ing a steady increase, and | have been
careful to study the class of investors
making the purchases. If / found the
ultra-speculative class, | should hest
tate about passing favorable comment,
hnt I find that these who buy are eau
tious, conservative, Thoughtful invest
ors. This means that the buying all
fall and winter will have a governing
class-one hat will pick the stocks,
and give the leads to those who may be
n~ovices. If there is speculation, it will
be held between the rigid edges of in
vestment, and the tendency to keep
among the safe stocks is pretty certain
to be noticeable.
BULLFROG NORTH STAR,
endlining the Bullfrog Mining com
pany's property, will unquestionably
have the extension of that company's
very rich vein. | consider this stock
to be one of the most promising in the
entire district, and | class myself as
fortunate at having secured an option
on a small block of this stock. / urge
my clients to write for full particulars
about it, because it will be we'll worth
Keeping track of.
In advising the purchase of these
stocks or any other stocks, | take into
consideration the creage, the develop
ment, the surrounding property, the
men back of the company, the stand
ing of the stock in the market, and all
other phases which will bring out the
favorable points or show the true
worth of the mine.
In the past | nave recommended
Eclipse, as l considered it one of the
best buys in the entire list, and those
who acted on my advice can now real
ize handsome profits on their purchases.
There is just now, however, a serious
controversy between the Eclipse and
the Golden Sceptre over the ownership
of the Hobo fraction. 1t seems that
surveys were not accurate-w which,
ordinarily, might have been passed un-
noticed, had not the disputed ground
been proved so rich in values. This
fraction stands as one of the best in
the entire Bullfrog district. The shaft
is down rs feet and a 9-foot body of
good ore is exposed. ] would advise
my clients to keep away from Eclipse
as long as the trouble lasts. 1t will
probably lead to litigation, and that is
oae of the most uncertain things that
can happen to a corporation.
l should be glad to keep my clients
posted on this stock, and on the con