Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1905-04-29
~MIMS-SUTRO CO., INC.
Market Letter and Weekly Review
Of Stocks in the Districts.

have suffered a decline with the eX
ception of one or two stocks
notably, Tonopah Common and Touo-
pah Extension, in u opinion due to
two reasons. First, the poor health
conditions of both Tonopah and Gold
field caused a number Of people to
sell their stocks and leave the camps.
The health of both Tonopah and
Goldheld are ia excellent condition.
In fact there has been very few new
cases reported Of late, The second
reason is the same condition which
existed shortly after the discovery
of Goldheld. AT that time a great
many holders IN Tonopah stocks dis
posed OF some Of their holdings IN
order to invest il Goldheid. The on
rush to Bullfrog has created a SIM
lar condition both in Goldield and
Tonopah, consequently numerous
holders OF Tonopah and Goldfeld
stocks have sold il order to get into
the new fields, Bullfrog and Kawich
districts.
Among the stocks that now show
a small reaction are Jim Butler, Bel
mont, Midway, North Star, Jumbo,
Goldfeld Nevada, Diamondlield and
Sandstone; these being the ac
tive stocks and the more easily real
lied upon, have naturally been the
ones thrown upon the market. We
are of the opinion that most all Gold.
field stocks viii decline somewhat as
the permanency of the Goldfeld
camp has not reached the same
stage as the Tonopah camp. How
ever, our confidence in Goldield is
by no means shaken. We believe
the leading stocks of Tonopah on
any sudden decline or reaction are
buys, and we strongly advise all our
clients who are DESTROYS of increasing
their holdings to buy Midway, jim
Butler, Belmont, Golden Anchor and
Montana. We would strongly adj
wise in the Goldfeld district at this
time the purchase of Kendall, Col.
umbia Mountain, May Queen, Dixie,
Lone Star and Sandstone.
Midway reacted to 81 90 and has
been purchased in large quantities
by our firm. The same may be APP.
piled to Jim Butler which reacted
from 81. 20 to 81 90 but is now very
firm at 81. 10.
Golden Anchor reached $l.l7 anC
declined to 81 cents recovering tC
$l.0O. While all OF the stocks which
we have mentianed may decline {
little further, yet from the grea'
showings on the different propertie,
we have implicit confidence that il
the near future these stocks will
more than all their losses
besides making net gains. As ",
have repeatedly advised, buy stocks
that is, the producers, on any mar
ket decline and you will have made
no mistake.
North Star has shown the mos
marked fluctuations, due as W,
stated in our previous market lette.
to the closing down Of the mine ant
various rumors regarding the prop
erty, We want TO be placed upol
record at this time as saying tina
North Star under present condition.
may be too high, but when activ,
development has started up, judging
from its relationship with the Mon
tana. this stock will 90 far beyond
the dollar limit. 1t certainly was
very inopportune time for the Nortl
Star to discontinue development
work and from Information we havI
received, We are strongly OF tn,
opinion that insiders are buying thi
stock and have taken advantage o
the recent depression to iucreasI
their holdings.
We regret very much to see ma
n~ipulation in any of our stocks 70
the reason that it naturally discred
it's management Of any company
Up to this time T%onopah stocks haVl
been very free from any manipula
tive %cliaues. The effects of manipu
lation has been seen 10 MacNamar,
to some extent and for this reasoI
we think those who are dealing il
this stock at a distance are at
great disadvantage as they are no
hDlC w bdhN hbNullbuHC VI duy SUI
den changes. Persons owning stocI
in the companies owned and con
trolled by the McKane. Schwab in
terests w certainly to be congratu
lated for the way their stocks hav.
moved and no one who has mveste,
in companies controlled by them ha
the slightest cause for regret. Thi
is a strong incentive for the peopll
to take on stocks in which Mr.. Nc
Kane aud his associates are con
nected with, notably Tonopah Elk
tension, Golden Anchor, Red Rocl
and the Pittsburg.
During the last thirty days W,
have placed the first 80, 900 share,
OF the Monarch Pittsburg Extension
mining company. This property ad
joins the Red Rock on the west