The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-12-15

the outside exchanges. or orders bein.
received from eastern connections Of tn,
various brokerage houses. which has al
tended to make the market absolutely
local. Many people are taking theil
profits at this time. preparing for theil
christmas vacations. Under the cir.
cumstances. prices would naturally de.
cline. and that the falling of has no
been more. shows the stability of the
Nevada securities. This stability is
based on the immense production OF
gold that is now being made. A close
estimate shows the November output tc
be above the two million mark. This
means $4,000. eco a year from Goldheld
alone. New shippers are being contin-
ually added to the list, proving up the
camp in all directions. No forecast OF
what II will be a year hence would seem
creditable.
Those of our clients whose memory
can reach back TO last July. when a
great many brokers were predicting a
summer slump. will remember that we
advised the purchase of many shares at
the prevailing prices. on the ground that
the showings on the properties made
them worth more money. This is our
position today. and every stock that we
mention and whose shares we recon-
mend, we do so believing that their in
trinsic value is more than they are now
selling for. The present holders neees-
sites. or desires to take profits in order
TO have a good vacation, makes your OPP
portunity.
DIAMoNDFIELD. The physical con-
dition of this property is better than at
any time in it's history. They are not
only saving some high grade ore, but
are blocking out good bodies of ship
ping ore. shaping the mine to maintain
"A steady production. The shares are
now selling at SIC and are one of the
Test investments IN the market.
FLORENCE. All the details have
been arranged to commence the erection
OF a mill for this company as early in
the spring as material and machinery
can he assembled. They have large
bodies of ore blocked out on every level
to the 35O-foot point. and when once the
mill is in operation, we expect this COM
pany to pay generous dividends. The
Florence shares should be worth, on
merit, at least $500. They are now
around $500 and should he bought and
held for dividends.
GREAT BEND. The amount of ore in
sight on this property and the manner
in which it is being developed. makes us
consider il one OF the most promising
properties in the entire Goldfeld dis
trict. The shares have sold above 81,
hut have declined and can now be bought
at about $1.10. AT this price we con
slider them an attractive investment.
ST. IVES. The showing that is being
made by the various ieases on the estate
of this company, makes us believe that
St. Ives will soon be classed among the
big shippers of the district. The man
agement is in good hands and the shares
AT the present market price OF $l.O0 are
very attractive.
sLAcK BUTTE bonanza. This
company owns the Black Butte EXten-
sion and Black Butte Extension NO. l.
a total of 50 acres, adjoining the Dla-
m%ondheld. The company is capltallzeo
for 1000. 600 shares. 100000 OF when
were originally placed in the treasury
They still nave a good reserve IN the
treasury, and ample funds TO prosecute
deveIopment. Five men are at work on
the property. The location OF TINS
ground and the active development IL is
receiving, j~ustiies at least loo Tor the
shares. They are now down around loo.
COMBINATION. This
nronerty lies Immediately north of the
cold Bar and c. 0. ID. properties. one
lessee is at work and "a new corporation,
known as the Goldfeld Vencendor Min
ing mpan has taken a lease on the
southern end of the property. The
terms of the lease call for the SINKING OF
n shaft to the 350-foot point, ana that
the lessee shall work at least 80 shlfts
per month. A plant of heavy machinery
has been ordered and active development
was started during the past week. Inc
Vencendor company has an ample treas
urv and will undoubtedly thoroughly eX-
plore their ground. We believe they
will encounter shipping ore wlthlh d
reasonble time. The shares or the
Goldfeld Combination company can De
cha at about soc. There is put
a limited amount on the market as the
control is in strong hands ana cannot pe
secured at anything like the price the
shares are now offered at. We advise
their immediate purchase at market
quotations.
JOm6O
what the quarrel may be between the
officers of this company, one thlhs Is
very sure-it does not affect the value
of the ground or take out one ounce VI
gold there is in it, but ii may give you
an opportunity to purchase some OF the
shares at a bargain. AT the present
market quotation or approximately
81 60. Jumbo Extension is one OF the
good Investments that should not be
overlooked.
KEwANA This company owns some
of the best ground in the camp, ana II Is
receiving active and intelligent develop
ment. They nave a large body or snip
ping ore in sight, and development Is
proving it to grow richer win uept".
The shares around $1.60 are decldedly
attractive.
LoNE STAR. The immense acreage
owned by this company and the sho"ins
that is now being made, J~ustifes the
purchase of these shares at ahythi"s
under 45c. They are now selling oo"h
in the thirties. -
RED KING. This company owns %
acres of ground in section H. one miie
south of the town of Goldfeld ana APP
proximately 5000 feet southwest from
the Portland property. 1t also owns q
lease. running until October LIST. 1907 on
the southern portion of the Red KING
claim of the Florence Mining COMPANY :
estate. The shaft on the leaseu sio /,
is down 1876 feet. fully tlHpeieu
equipped with horse and whlm ana y W
ing sunk at a rate of feet per ""s