Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-11-19
Phenomenal Rise in Value Of
GoIdfieId Mining Sc
Curities.
EXAMPLES OF QUICK RETURNS
Largest Profits Made by Those Who In.
vested During Promotion Period. But
Plenty Of Opportunities Remain.
(specIaI 10 thc oNcMs.nl


Goldtield Nevada, Nov. l6.--Thc
profits that have accrued TO investors
In Godfield stocks by the recent rise
In the price OF these securities Is yari.
ously estimated here at from $50 900. 900
to sleO,OoO.OOO The largest profits were
made by those who acquired their hold
ings at the promotion period of the
various mining companies operating
ncre-whcn stocks that are now selling
TOR dollars were selling for cents. Red
Top, which is now selling around IS 90
per share, was sold here originally NJ
~ cents, Mohawk, which IL now selling
around 1890, was sold TO spectators
aud investors at s25c. Jumbo which Is
now commanding $500 per share, cost
the original holders 25c. Forty other
stocks OF Goldfeld. Tonopah and Bull
frog, originally promoted on basis of
Zoe net to the companies have supplied
as many examples.
POSSIBLE PROFITS.
The tremendous profits earned are
now seeking Investment here and are
oelng placed In new companies operat-
ing IN surrounding districts. The edu-
Gated money that Is to say, the money
OF mining men on the ground Is all
going in this direction. Within the
past two months Fairyiew Eagle was
sold to the public at SO cents per share
II Is now listed on the mining ox-
changes Of the country and selling
around Sl50. Fairyiew Eagles Nest
was sold by subscription at IS cents
per share and is now selling araound
30 cents. Fairview stocks of merit
na null h.ts 4
panles that are receiving subscriptions
for treasury stock at from 25 to so
cents per share are literally swamped
with subscriptions as soon as their
books are opened. The Fairyiew dis
trict is making good.
POLICY CONSERVATIVE
Within the heart Of the Fairvlew dis
trlct at this time are seven properties
half OF which could be shipping high
grade ore, were 1t not for the conserva-
tive policy which is being pursued by
their arrangements. The next regular
shipper from this camp will be the
ngfield-Nixon property, known az
the Fairview Eagle. The shaft In this
property is passing through ore which
Is increasing in richness with depth
but since it's true character has been
been devOting It's entire attention 10
opening up the great ore bodies which
have been encountered therein. At
depth. of IS feet the shaft being sunk
through solid ore, neither foot nor hang
ing wall having been encountered. This
shaft Is less than 200 feet from the
Eagles Nest Fairview, IN which the
same vein was encountered a few days
ago at a depth of 40 feet. There IS
every reason to believe that with the
same depth the Eagles Nest will be
able to sack and ship ore equally rich.
TWO NEW SHIPPERS.
with the same vein being opened up
I'm the ground OF the Hal stone COM
pany, both sullivan properties equipped
with complete surface and hosting
plants and under the usual vigorous de-
velopment methods of Vice President
and General Manager John d. Camp
bell, it is safe 10 place these two prop
critics as the next shippers in the camp.
1t is seldom that the initial years
development Of single camp has so
completely demonstrated the richness
md permauency OF the ore bodies such
as has been done IN Fairylew. So
thoroughly have the business interests
OF the camp Teen sttlsAe with the
Truth OF this opinion that they are now
completing the subscriptions necessary
for the funds needed to construct two
miles OF electric railroad to connect the
heart or the camp wNn The town, Tnis
railroad viii tap the principal mining
plssing By the Nevada HIS.
the + I view Eagle, the Eagles Nest
and the Hailstone, having its upper
terminu 10, ear tlis latter nine.
The railroad win afford more rapid
and cen mcal transportation Of the
ores OF these properties. together with |
those of the DromedaYy Hump the Az
tee the Nevada Hills Leasing company
and q few others whose DEVELOPMENT
has not Yet warranted their entry TO
the ranks Of the shipping list.
ENTERPRISE OF CAMP.
The idea is thoroughly in keeping
with the enterprise which has put this
camp IN such an enyiable position in
SO short a time. with the coming OF
the railroad and of ample water sup
plies By means Of q new pine line, the
Falryiew district Is forging ahead with
surprising rapidly General Coxey OF
Ohio, best known to fame through his
connection with the famous march
through TO the capitol at Washington.
but now prosperous Ohio iron manu-
facturer, spent several days during the
past fortnight ia looking over the pos
sibllities of the az let to supply freight
and passenger t., FOR an electric line
10 connect the Southern Pacific branch
at Falion with the mining district of
Fairyiew. He left, thoroughly salts
fled that the camp Of Fairview alone
could support such an enterprise. to
consult with his associates In inter-
urban railroad enterprises I'm OHIO and
Indiana. He announced that there was
an excellent probability that party
would be IN the field before spring max
ing the reconnaissance surveys. Should
satisfactory GRADES and costs be &C.