The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-06-16
MINES ~

property is better than IT has been for
some time. 1t has been receiving care
full and systematic development. They
are saving the high grade milling ore
and some of shipping value. We ex-
pect to see the Sandstone selling up
around 81 at an early date.
ToHoPAH.
The trading in the Tonopah list has
been very light. the buying orders
seemingly to be way below prices at
which holders are willing to sell. and
at which the shares are selling on other
markets. Our advice is that the prop
critics are all looking well and maintain
ing their usual production. The Mac
namara is looking especially good and
has opened up some very large bodies
of high grade ore.
BULLrRoe.
The trading in his list has also been
light, but some of the shares are in de-
mand at the lower prices.
GOLD BAR. The failure of the
Schwab Syndicate to exercise their OPP
tion on this property evidently caused
many holders of the shares to change
their ideas as to their value. Following
the expiration of the option, selling or
ders commenced to come out and the
shares sold down to $1.12h on this
exchange, and as low as $1.05 in San
Francisco. Gold Bar Is worth more to-
day thar 1t was during the period 1t
was under option. The development OF
the property has gone on steadily, and
the showing is decidedly better than 1t
was 80 days ago. We understand the
management intend to erect a mill for
the treatment of it's own ores. There
is sufficient funds in the treasury for
the same, and 1t is only a question of
time and a short one at that, before
Gold Bar will be paying generous divi-
dends. To the holders of the shares
we say, pay no attention to the fuc-
tuation of the market. and we advise
those who are not lucky enough to own
any of them to purchase them at pres
ent prices.
bonanza MOUNTAIN EXTENSION.
The celebrated Denver-Rush vein has
been opened up practically the entire
distance of the Wichita and Wichita
Extension claims of this company. Work
is progressing in a satisfactory man
ner, and the showing Is growing better
with every foot of development. Treas
ury shares are being offered at 20 cents,
and are the cheapest and best buy of
any of the Bonanza Mountain compan-
les. We recommend their purchase.
GOLDEN sCEPTER. This property
was recently examined by Mr.. J. c.
Nevin, a mining engineer of Salt Lake
City. who is the consulting engineer
of the property. In an interview with
the Rhyolite Herald he states: THAT
the work now in progress is not ex-
pected to develop anything or import
ance until fall, as the crosscut tunnel
must be driven quite a distance before
reaching the ledge, and the shaft will
be sunk at least 800 feet, a crosscut will
nave to be run westerly into the noun
tain, all of which will require consider
able time. No stop will be made dur
ing the summer. but two shifts will be
employed, as at present, in both tun-
mel n shaft. The 25-horse power gas
oline hoist for the Scepter shaft has
arrived at Johnnie Siding, and will be
brought in at once. The shaft is down
rs feet, the crosscut TUNED Is in 232
feet, and is cutting sGingers that as
say up to So" Properties that are re-
ceiving this kind of development are
the ones that should command the at
tention of the investor. Golden Scepter
shares at present market price are a
decided bargain.
DEATH VALLEY MINING AND
MILLING COMPANY. Little has been
said in reference to this mpan and
it must not be mistaken for the Death
Valley Gold Mining and Milling COM
pany, which has been quite heavily adj
uarficad