The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-07-28
MINES N MARKET

The market for the past week has
been decidedly strong. and the nuetua-
lions in many of the stocks have been
enough to satisfy the most inveterate
scaIper. Mohawk advanced % 81 &c but
grew ~"top-heavy'' n is now selling at
between s1.70 and s1.T5. Many of the
cheap stocks have made strong al
-vances. especially vernal which went
begging a few days ago at 4 cents and Is
now in demand up around cents.
Jumbo Extension has also made a oe-
cided advance, selling as high as zeh
cents. Booth has also advanced. ana Is
nm close to As cents. We advised the
purchase of these shares some time ago
when they were between 80 and 80 cents.
We believe Booth will go still higher.
D~iamondfeld, Great Bend. Laguna, Blue
Bull and Silver Pick have all been
strong. and the buying in them indicates
that the people are laying these snares
awav as an investment. The properties
are all being developed is a very satis-
factory manner, and II is only a ques-
ton of time before they are added to the
list of regular shippers.
The strike of the week was made on
the Mackenzie lease No. 1. on the ZOO
foot level of the southwest drift they
have encountered ore and the assay
values show 1t to be among the best on
the Mohawk estate.
AS we said in our Market Letter OF
last week. the entire list could be
bought with safety and we repeat that
advice now. OF course some OF re
stocks have had their advance, and are
not now so good a purchase as some
that lave not yet made n move.
pArsY.-This property is certainly
developing and proving up in a manner
that shows 1t is destined to be one OIL
the big producing mines OF the camp.
We have always been very friendly TO
that section of the camp, and peleVs
tie Daisy, Great Bend, Great Bend Elk
tension, Palace-G oldfeld, Jumbo Extern
sion and Triangle people should get to-
gether and build a mill for the treat
ment of their ores. They are all on the
same vein system, and have practically
the same kind of ore. If this were done
dividends could be paid much sooner
than by their working Independently.
The Daisy shares are around 40 cents,
and al this price they look very at
tractive.
GREAT BEND ExTENsroN-The
shat on this property is going down in
good shape. When the 200-foot point is
reached they intend to explore the vein
that was opened up on the 6O-foot level
where they had a good body of ore that
would run about $12 per ton. The man
agement is very confident that they will
encounter ore of shipping value. We be-
lieve that they are right, and that you
will see Great Bend Extension also
make a sensational advance. h shares
at 10 cents, the present selling price,
are certainly a bargain.
FRANCEs-MoHAwK MINING AND
LEASING COMPANY.-The first ship
ment of ore from his property went
out last Monday. This company was
organized on June 9th, and ~forty-four
days later they commenced shipping ore.
The management promises dividends
within the next sixty days. So far they
nave kept every promise in reference to
this property, and we are inclined to be-
lieve they will on the dividend PROPOSE
ton; on the face of it, it looks impos-
sible, yet seeming impossibilities are
daily performed in Nevada. We have
recommended these shares since they
were first offered, and we believe that
with plenty of shipping ore in sight
they are a better purchase at 40 cents
thar they were at 20 cents when orig