The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-10-27
MINES N
Weekly Review by F. n. Dorsey

The developments of the past few
weeks have done much TO demonstrate
the extension of the mineralized zone
OF the Goldheld district. and to prove
that il goes to greater depth. Whatever
misgivingS the cautious investor may
have had regarding the permaneucy of
the camp. have been entirely removed.
II is a matter of fact that formerly the
truth about the richness OF Nevada.
when told to the investor, has appealed
to him as a fairy story, and IL is only
recently that the truth has been forced
upon him, by the immense tonnage, aided
By the receipt OF dividends.
At the present time the demand for
Nevada stocks is probably greater thar
1t was even in the good old Comstock
days. That Goldfield is the greatest
producer Of bonanza ore. is now adj
mitted on all sides, but there is a great
er future for this camp, in the treatment
of its immense bodies of high grade
milling ore.
There is now in the city a representa-
tive of a wealthy Eastern syndicate,
whose mission here Is to establish a
milling plant that will treat ores run
ming from eight TO Twenty-Five dollars to
the ton. 1t was their intention to start
with a plant of 80 tons per day capacity.
and gradually enlarge IL, but after in
vestigation. it was found that this would
not take care OF the product of any one
of half a dozen properties, and the plans
are now to make the first unit of the
plant, of a capacity of 500 tons per day.
and then increase 1t as rapidly as pos.
oAtA1s hhbR AAtCa
the fact that there are millions of tons
of ore in sight that will yield handsome
returns when treated by a mill of suf-
hcient capacity to do the work in an
economical amer. What this means
in the way of pay rolls and increased
volume of business in all lines, can only
be imagined.
Trading on the exchange mas been ex-
tremely lively, with just enoug fiuctua-
ton to keep the market IN a healthy and
growing condition.
G~-nA afAAlra have NA1A UAnEntfAnaI
advances. The tendency is all upwards.
Many shares are still selling below their
actual worth, and now is the time to
buy them.
MOHAWK. In my market letter of
the last week / advised you TO buy these
shares at the market and pay absolutely
no attention to fluctuations. They were
then selling around $4.75. Late Friday
night A. d. Myers sold 100, 900 shares to
the Tonopah Mining Syndicate. As soon
as the transaction was made public, the
stock began to jump, and went to $500,
fell back to $500, advanced again to
around $500, and is now selling at s so.
This purchase by the Tonopah Mining
people is of far greater importance tE"I
the mere transfer of approximately one
half million dollars from their account
TO that of one of Goldfield's big opera
tors. Everyone converSant with the
mining situation in Nevada, knows that
when these people invest this amount of
money in a property, they are absolutely
sure Of their ground, and have first mad
thei, engineers Sample aad inspect A..
1t would not surprise me lha5 they bad
scored other large blocks of these
Shares, and were pfdc1isa.ty in contr i
Ct tie Jperty. The T. afd- ion of this
mine, by ~lessees, will be in excess of
% 1000. 600 for the month of October. The
10Y alties paid are 2212 per cent, which
means approximately $350,000 to the
company for one month. There are still
290, 600 shares in the treasury, which
leaves 10000 shares outstanding. Judge
for yourself what Mohawk is really
worth.
RED tor AND JUMBO. There has
been a persistent rumor on the street
that a strong syndicate is e-ndeavoring
to purchase both of these properties,
with a view of consolidation. There has
been a demand for the shares for some
time, but trading had not been active
until the last few days. The price of
each has steadily advanced, and they
are now selling around $3.50.
KENDALL. Several sacks of ex-
tremely high grade ore were brought in
from this property and placed in the
bank vaults a few night ago. The show
ing in this mine is growing better. They
have a large amount of extremely high
grade milling ore, in addition to that
of shipping value. Kendall is worth
more than it is selling for on the mar
ket.
FRANcEs-MoHAwK. Some of the
richest ore ever shown in the camp, was
uncovered in this mine last Tuesday
night on the 2S0-foot level. The man.
agement finds it is confronted with but
the problem of getting the ore out, for
wherever they turn, it stares them in
the face. The greater part of the new
50-h.p. electric hoist has been received,
and is being placed in position as rapidly
as possible. With the installation of
this additional hosting power, j expect
to see this mine make a production that
will create a sensation, and strongly adj
wise the immediate purchase of the
shares at market.
LAGUNA. These shares closed last
Saturday offered at SIC. On Tuesday
they were sold as high as 76c, but on
profit taking fell back and were offered
sic. This property is being prospected
with a diamond drill, and it is reported
that they have penetrated at the 400
foot level a good body of ore, carrying
COMBINATION FRACTION. All the
~lessees on this property are greatly en-
couraged by the showings on their re-
spective blocks of ground and are do
ing their work in a manner to be in
shape to take out a big tonnage of ore
as soon as it is encountered, and they
all seem absolutely certain that thev
will have it. There is now exposed a
large amount of ore that will run from
$40 to $50 per ton, but it will require
more depth to get into the sulphides.
The shares are active, and in demand at
around $3.50. This is a strong advance
from 34c, the price less than 80 days
ago, but the showing on the property de-
mands a still higher price for the shares hare
VIA lhtFt tai1o tiia
firm around zoe, and trading has been
heavier in them the past week than for
some time. The bottom of the shaft on
this property is now in a good bed of
quartz that pans freely. Another fifty
or one hundred feet in depth should open
up a body of ore of hTpping value. Buy
Madonna at the present market price.
CENTENNIAL. In my market letter
of September 2Sth, / called attention to
these shares and advised buying them
at the market price. They We're then
selling at Ice to lie, and are now 20 to
F. n. |
Suite l6.l7 Nixon Bio
MEMBER aoLDFIELD MI
GOLDFI