The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-03-12
Extension Ships Heavily.


suffered a severe break to 5000, but buy
ing orders are coming in 1t close $3.50
bid on Thursday, and ] am looking for
S11-50 within the next two weeks. Ore
shipments continue very large and the
company is getting on 25-cont dividend
paying basis.
SIS and S19, and l am informed that a bull
movement will soon be started. The stock
should be bought on it's earning capacity,
as shown by ore shipments and railroad
earnings.
West End continues to show improve
ment, new gallows frame and strong
horsepower hoist and an air compress
sor having been ordered, and are daily
expected. This company shipped sixty
tons of ore during the week and I will
be much surprised if 1t does not reach
the a mark within the next six months
cash Boy and Home are extremely
quiet, due to the lack of property de-
velopments. I am reliably informed that
some ore stringers of considerable I'M
Golden Crown property in ToEopah. Con-
troll is being held by favorable and well
known Salt Lake people, and a ten-point
rise will probably be seen within the
next few days
GoIdfield Market Active.
The Goldfield market has been very
active, due to large buying orders from
eastern points in Adams, Atlanta, St
Ives. Silver Pick and Lone Star None
of these show strikes since my last let
ter, but there seems to be some bull
movement on: The best buy of these at
stock standpoint, and it will probably
pass 30 cents before my next report
Blue Bull remains unchanged and
should improve a point or two.
The rise in Dixie from 10 cents to II
cents was bull movement, created by in
slders- who sent in large buying orders
as high as II cents, selling the stock in
GOldfield and TOnOpah at these figures.
This price looks high. and I believe it
VIII work back to about IA cents which
looks about bottom.
"GOldfield continues weak as there are
persistent rumors that the ore bodies have
given out while it is also reported au-
thentlcalIy that they have been takiH =
ore from Combination ground The mar
ket conditions do not warrant the 0ur-
chase of il. and I would advise leaving
Il alone. Jumbo continues in a state Of
coma: and little if any work is pro-
Jumbo Extension. being located near
the GOldfield Great Bend property. has
caused large inquiries for the stock. Tt
property has already shown some very
fair ore samples. and is well though of
CCnqueror and Columbia Mountain are
both excellent purchases and ones which
heartily recommend. as also Booth.
May Queen Looks Good.
The best of these stocks Is MAJ
Queen I have continually recommended
to be started at once, and 1 predict its
future as being one of the coming prop
critics Of the camp. Mohawk has run
into some rich ores, the strike being of
considerable importance
Kendall is being worked on the lower
levels, and although there is ton after
ton of milling ore, they have not, as yet
got into the bigger and richer bodies
1t ceases to be a gamble at So cents, as
Mr. Wingfield, the manager and enc of
the shrewdest mining men of the camp
has taken through this office mal.y thou
sands Of shares the past few weeks
Red Top is lowering around the St95
mark, and while it may go lower. It will
not be for long. Their output is between
5000 and 5000 a day. and their facfli-
les are now in a condition to improve
The company has promised a 10-cent divi-
dend the coming quarter which we all
hope will be lived up to. This should
make the stock a purchase
George Wingfield, manager of the
Sandstone, wired me to expect dfvi-
dend Of probably 5 cents within the next
two weeks. This stock should likewise
be taken on.
Great Bend is a very large proposi-
ton. with an abundance of rich shin
ping ore, one of the veins being opened
up and showing marvellous riches Ore is
row being sacked for shipment and 81
market is predicted for the near flu
ture.