The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-11-20
FAIRVIEW'S GROWTH.
Money Made In Goldfield Is Going
Into the Newer Camp.

Csoldfield New, Nov. 19-The profits
that have accrued to investors in Gold
field stocks by the recent rise IN the
price of these securities is variously esti-
mated here at from $J0000,000 to 100000
600. The largest profits were made by
those who acquired their holdings at the
companies operating here-when stocks
that are now selling for dollars were sell
ing for cents. Red Top, which is now SELL
ing around s. per share, was sold here
originally at 10 cents. Mohawk, which is
now selling around SO. was sold to spec
uIatOrs and investors at % cents Forty
other stocks of Goldfie1d, Tonopah and
BulIfrog, originally promoted on basis
of % cents net to the companies, have
supplied as many examples.
The tremendous profits earned are now
seeking investment here and are being
placed in new companies operating in sur
rounding districts. The educated money,
that is to say, the money of mining men
on the ground, is all going in this direc-
ton Within the past two months, Fair
view Eagle was sold to the public at SO
cents per share. 1t is now listed on the
mining exchanges of the country and sell
ing around s1.50. Fairview Eagles Nest
was sold by subscription at 30 cents per
share. and is now selling around 30 cents.
Fairview stocks of merit have the call
here now, and new companies that are
receiving subscriptions for treasury stock
at from IS to 80 cents per share are lit
orally swamped with subscriptions as
soon as their books are opened The Fair
view district IS making good.
Seven Mines Able to Ship.
Within the heart Of the Fairview dis
trict at this time are seven properties
half Of which could be shipping high
grade ore, were it not for the conserva-
tive policy which is being pursued by
their arrangements. The Nevada Hills
mine has been shipping upward of $780,
900 monthly since July, the ore assaying
from $3.50 to s., 800 per ton The next reg
1lar shipper from this camp will be the
Wingfield-Nix property. known as the
Fairview Eagle, which could be shipping
ore which would sack 800 to $500 per ton,
considerable quantity of this character
of ore having been sacked during the
sinking of the shaft that is opening up
the principal north and south vein of the
district, known as the Wingfield vein
This shaft is passing through ore which
is increasing in richness with depth, but
since its true character has been DEM
onstrated, the management has been de-
voting its entire attention to opening up
the great ore bodies which have been en-
countered therein At a depth of IS feet
the shaft is being sunk through solid ore,
neither foot or hanging wall having been
encountered
This shaft is less than 200 feet from the
Eagles Nest Fairview, In which the same
vein was encountered few days ago at
depth Of forty 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.
With the same vein being opened up in
the ground of the Hailstone company.
both Sullivan properties equipped with
complete surface and hosting plants and
under the usual vigorous development
methods of Vice President and General
Manager John ID. Campbell, it is safe to
place these two properties as the next
! shippers in the camp.