The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-04-20
THE SAN FRANCISCO DISASTER
AND THE LOCAL BUSINESS SITUATION

INVESTORS in Nevada mining stocks need hav n . apprehension that there
will be a pamc in these securities al a result of the san Francisco disaster.
Forces are behind the market that will protect it from NJ ume@0nao'
break. The intrinsic value of these stocks is as great as ever before, and no
superficial cause like te present will warrant any general unloading If holdings
The mines Of Nevada are not built upon the sands of The sea. They are
dug rom the everlasting hills, and their home is in the rock ribs OF monarch
mountain range, as eternala as the Primal Force itself Fire and food may ravage
and destroy, but the gold of these treasure aut IS secure a~auhs os
hand to unlock them.
investors or spectators who sell at this time either through fright, or with
che exnacs,sou # covering al a lower figure, will run the risk of getting badly
mncbed or losing their stocks altogether Men of money are watching this
market for rss UGH a break, ready to gather in all standard securities nloaded
by a panickyp ubuc. Thereis a determined ant concerted effort IN the part II
brokers large operators to hold the market at a reasonable notch New YORK.
Fftsburg aud other centersar are cooperating with IN local xcnanse TO tns sna
and n on will be seriously hurt by standing pat until the storm blows over
In a short Inn business will resume its normal sway Prices will again recover
and achieve a agure commensurate with the value of the mines upn which they
are chased. Id the meantime let US keep or heads and use Onsmes sense
r : aa~ - ,v 10 oev or minimize the uarauzng enect the ov@wheln
ms disaster IL san Francisco had upon this community When the appalling mag
OF the calamity dawned upon our people. That it va bewildenng and
stupefying ia not to be wondered at when it is considered how close ire the
social and business relations existing between he communities So intimately
interviewer are those relations that nothing of evil could befan me without be-
ing reflected in the other. But such IN overwhelming and complete calamity
entirely yipiag nut thu metropolis of the Pacific coast, the commercial and
financial center of the west, through which most of the business of tis section
was negotiated and cleared where all of our banks carried reserves n whofe
many of or greatest mines kept their surplus deposits. and where the largest
mining exchange of the country, dealing in Nevada mining stocks and securities
was located, must necessarily have a oewhdering ama p@snzhs enec' if uo
time being n call for a period If calm, and wise deiberaton and action on the
Of the disaster are not NOW in Godfed and re are cropping somewhat in the
dark; but the situation is seiouse enough whatever may come to cheer hereafter;
M while lNnenting our W pedcament, the heart of all Godfed goes tut to
the stricken people of oncep proud, beautiful and prosperous San Francisco and
the hand Of help is extended,
Viewed FROM a purely business standpoint al affecting this community
however, III injury, whatever it may be- will be temporary only, and will result
more from inconvenience through entanged conditions, than from
N inherent causes For the time being, the stock business will be
somewhat chaotic. Heretofore San Francisco las been the chief mart for
mining sbares-not that the people OF that city lay been the
big investors. for this is far from true but the exchange IF San Francisco has
been he cearingh house for a large parts of the transaction in Nevad stocks
,ahe Frisco exchange achieved this advantage yer the local exchange for reason
that it was calling Nevada stocks long before a local exchange ws started, and
early got a clentage which has since remained with it The brokers OF Goldhed
and San Francisco always have nHrchanged business on an extensive scale
These relations will o. terminate Tor a time, at least and the Goldheld ex
change yin be called upon to transact all the business heretofore divided between
the two exchanges and their members. As soon as the enangements OF the pres
emit are straightened out, there is no reason why all te Fock business heretofore
transacfsS on III two exchanges should not be taken careo of by the Goldhed
exchange as expedtouay and otherwise as satisfactorily as heretofore 1t may
be- heartl@s 70 refer to the fact in this connection, but the opportunity now pre-
senfs itself TO the Goldfeld exchange of gathering to itself tremendous bust
uess. and our trokers should be prepared to make the most o. the opportunity
co,dAe, is III natural place for al exchange dealing in Southern Nevada mining
s.ocks II is tie heart of the mining country and the condition all mines and
.tocts dealt in is best known here. This is the vantage point o. operation, and
% rrhct hiatt lam San Francisco brokers will recognize this fact and take UP
heir location here when they resume business. And they will receive a hearty
u,,coue m all the assistance that a generous business community car render
sso,,a the edition If The Gcldfeld News OF this date fall somewhat below
~. ..rdard it nus be attributed to the fact that the mechanical department
. an. naner has been more OF less upset owing to the installation of new
n.on,rerv Added to this wast tn demand made upn the paper for extra
..,o,s Swing thu news Of the San Francisco disaster. and these editions sd-
aruv iuterfered with thu work of preparing this regular weekly edition The
..ssn.eo If sock tables ant a market review is o. course due to the fact that
49, has been 10 call upon the stock exchange for several days. and consequently
n.rxet When conditions resume their normal, and or new machinery is in
-s.naa az u win b beforet the next edition, The Godfed News will appear not
.oTv with its old features, but many new Ones. stronger and better in every
department