The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-07-21


Market conditions for the past week
have been very satisfactory. There Is
an undercurrent of strength that argues
well for the future. Trading Is grad
ually broadening and the demand at the
lower price far exceeds the supply. 1t
is only a question Of a short time before
will raising their
limits. They want h shares, but OF
course want them at the lowest price
possible. No large blocks of stock are
being offered, yet there is hardly a day
but what there are heavy buying orders
on some one stock, and the selling Is
generally scattered. 1t Is very hard TO
select from the list which stocks are the
best to buy and promise the greater
profits; almost the entire list could be
bought with safety. We believe NoW'S
the time to buy those shares you have
been intending to buy when they reach
ed the low point. Some few may go
lower, but the decline will not be
enough to justify the chance o take
in the hope Of securing them at a less
price. The greater majority OF the
shares are almost sure to advance.
MoHAwK-These shares last Mon
day were s1.35 bid and s1.37 asked. They
have advanced and are now $3.50 bid,
sl.52H asked. One of the principal rea-
sons of the advance has been the inn
portant strike tina was made on h
is known as the Mackenzie Lease No. 2.
which is owned by the Frances-Mohawk
Mining & Leasing Company. They en-
countered the ore On this lease last
Monday night, and 1t is showing up bet
ter and stronger with every shot. This
proves the ore shoot to be much larger
thar most any one would believe, and 1t
practically insures at least double the
production of the Mohawk property
from now on.
Lord Bros. & Oddie lease is shipping
some very high grade ore and is in
creasing its production of medium
grade.
Kalfus lease is getting in position to
make a heavy production.
Hayes & Monnette have just COM
pleted a new shaft and since the strike
on the Mackenzie No. 2 are practically
of the ore in this.
With all of these leases shipping. the
amount Of royalties paid the Mohawk
mpa between now n January
first should enable them to pay several
good sized dividends and still have
money left. These shares offer n of
the most attractive investments in he
entire list.
DAIsy.-Recent developments on this
property are proving it up in better
shape h even it's friends hoped. They
expect within the next thirty days to
make a shipment of extremely high
grade rock, assay values Of which show
it to be worth from 81, 200 to $4,000 per
ton. The smelter eturn from this
shipment will be watched with consid-
cradle interest. The Daisy is undoubt-
eddy a great property and its shares
should be selling for more money than
they now are.
FRANCEs-M0HAwK MINING AND
cohPANY-This company
has furnished the sensation of the week.
It's shares have advanced from 20 cents
to 38. We recommended this PROPOSE
ton when 1T was first put on the mar
ket, about a month 60, and those of
our clients who ook our advice n
purchased the shares nov have a profit
of approximately 100 per cent. The
showing on the lease on the Mohawk is
one of the best that has ever been e
ed in the camp. Average assays taken
from the east drift give eturns of sos
per ton. From the west drift $139 per
ton. The first shipment of ore will be
made the first of mex week. We recon-
mended these shares at 20 cents. We
tell you now to buy them at the mar
ket.
PALAcE-aoLDFIELD = In sinking
the shaft on this property a ledge about
6 feet wide carrying good values was
encountered at a depth of a few feet.
1t dipped out of the shaft. Nc effort
the 50-foot point is reached a cross
cut will be run. The leasers are con-
fident of ore of shipping value. These
shares are now selling at Is cents, and
we consider them one of the best buys
the market.
BLUE BULL-The development on
this property is being carried on in good
shape and the showing is growing bet
ter all the time. They are saving some
ore and we believe they will soon be in
position to make regular shipments. The
shares are worth more money than they
are selling for at the present time.
MADoNNA-Some very rich specimen
F. II. !