The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-10-06

The manner in which the mines in the
Goidfeld district are responding to deep
development is enhancing theis value at
a ratio that is more han satisfactory to
their owners. Every property is show
ing better values in their lower levels
than was had nearer the surface. What
this will mean in dollars and cents to
the lessees and owners, is beyond com
putation.
Market conditions are decidedly salts
factory and considering conditions in
the mines n prospects, many of the
stocks are selling below their real
worth.
GREAT BEND. This company has
been saving ore for some time. and is
now ready to mmenc regular ship
ments. The condition of the mine war
rants a higher price for these shares.
DIAMoNDFrELD. Trading in these
shares has been extremely light with
but little offering. The physical condi-
ton of the property and the amount of
ore in sight makes me consider this one
of the best buys on the entire list.
GoLDFIELD MINING. This com
pany owns a controlling interest in the
Red Hill, selling around 20c and the
Cracker Jack, selling around loo, and 1
have 1t on good authority that as soon
as the treasures of these two companies
have been provided with sufficient funds
to develop their properties, that a stock
dividend will be declared to holders of
Goldfeld Mining shares, giving them
one share of each, Red Hill and Cracker
Jack, for each share of Goldfeld Min
ing that they hold. The showing on
the January and February claims, which
are still owned by the and
from which all of their production of the
past has been made. is better than ever.
At present market price. Goldfeld Min
ing is a decided bargain.
SILVER PICK. These shares sold up
to 93c. and then fell back around 81 and
So. The showing on the property is
growing better. Buy Silver Pick on any
decline.
MOHAWK. The showing on this
property is growing better with every
foot of development. On the 2s0-foot
level on the Frances-Mohawk lease,
some of the richest ore has been uncov-
cred that has yet been opened up in
the entire district. On account of the
controversy over the apex of the vein
from which Sheets & Ish, lesses of the
Combination, are mining their rich ore.
there was a bear raid made on the
shares of the Mohawk, and the price
hammered down to 1920. At this
price there was a scramble to get in,
and the shares Immediately went back
up to around 81. So far as / am able
to learn, there is no controversy over
the apex of the veins from which the
Hayes-Monnette, Frances-Mohawk, Mo-
hawk Leasing, Lord-Oddie, Kalfus and
other lessees are taking their ore, and
until the suit was brought by the Mo-
hawk people, to prevent Sheets & Ish
from following their vein, no one sup
posed that this vein was even claimed
by the Mohawk. Why the claim for an
additional vein should cause the shares
to decline, is a question some one else
will I've to answer. Mohawk shares
are worth more than they are now sell
ing for.
FRANCEs-MoHAwK. 1 expected to
see these shares fall back around zoe
after the payment of the dividend, but
instead, they are firm and in demand at
rs to soc, with but little offering. On
the 2S0-foot level they have encountered
some of the richest ore that they have
yet had. 1t will be impossible for the
company to take out any part of the ore
now in sight before the expiration of
their lease. However, the amount of
their production will run up to consider
ably above the million mark. The man
agement of this company is pushing de-
velopment work on their Frances No. !
and also on their James claim, and it
now looks as though they will be ship
ping from both of these properties be-
fore the expiration of their lease on the