The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-11-03
MINES AND
Weekly Review by Mccormack Dorsey Company
November 81. 1906.

The volume of business for the past
week exceeds. both in number OF shares
and value OF stock traded in. that Of
any preceding week in the history OF
the local Exchange. IL has been alb
solutely a runaway market. with buy
ing orders far In excess Of selling. Many
stocks, in which the trading had been
limited TO n few thousand shares each
week. now runs into several thousand on
each call, and always at advancing
prices. The reason for this extreme ac-
tivity is largely occasioned by the fact
that the lessees of the camp are REIN
Vesting a portion of their profits in other
good properties. Again, the develop
ment OF properties which were consid-
cred outside Of the mineralized belt. has
proven that when you get to sufficient
had.
The Goldheld district today is simply
a well developed prospect. This may
souno e-xtravagant. in view of the fact
that IL is producing over S100, OO0 per
day, yet IL is true. as outside OF the few
mines that are now shipping. no shaft is
down to exceed 200 feet, and IL is only
within the last three months that prac-
tically any of them have been deeper
than $50 feet. Mine owners and lessees
alike have az last realized that they
tain the best values. This has been
proven almost ~conclusively in the case
of the Frances-Mohawk. On Oct. 30th
they shipped 225 tons of ore. being one
days production. Sampling showed the
values TO he from $175 TO 5000 per ton.
This shipment comes from their lowest
workings, and was made without sort
ing. as broken down by the machine
drills.
The question that naturally arises
with the investor is: VIII these shares
go higher or will they fall back. We
are of the opinion that many of the
shares are still selling as far below their
intrinsic value as Mohawk was when WI
advised it's purchase at $500 a share.
I and told Won 10 Law n uuuV and nav no
attention to the fluctuations.
Heavy trading in Goldheld's has
caused practically all the other camps
to be overlooked, and as a rule, there
has been more selling than buying orders
on the stocks, with the natural result
that the prices have declined. The
Two weeks ago Goldheld and Rhyolite
were mad. and selling their
Bullfrog's and Goldneld's to invest in
Greenwater's. Now IL Is the reverse.
they are sacrificing their Greenwater's
to get back into Goldneld's.
MOHAWK. During the past week
these shares have sold as high as Si5,
and they are In demand at anything un-
der that price. What will be the high
point remains to be seen. We believe
the actual value of the Mohawk mine,
as II stands today, demands a still
higher price for these shares.
Z TOT JUMBO These two
properties must be considered together,
for the reason that their ownership is
NV cAtAt AiAa Ai0 ACAl " lltHl
seems to be impending. involves both.
One day IL is stated definitely that the
option has been exercised; the next day
IL is absolutely denied. The shares OF
both have steadily advanced, both of
them selling as high as $3.50. Only a
limited amount changed hands at this
price. but between 81 and s4.25, they
aoLDFIELD MINING. During the
the past week these shares sold as high
as $1.10. They nave fallen back but
IffflA and AaA Il. .uAA ..
In former market letters we have recon-
mended the purchase of this stock. and
believe II to be a good Investment at the
present market price.
rRANCEs-MoHAwK. Two hundred
and fourteen men are employed on this
mine and Is power drills are in daily
use. On Oct. both, 225 tons of ore were
broken down and shipped that show
values ranging from $175 to 5000 per
ton. In our market letter last week, we
used this expression: we strongly adj
s sfse sh e, i tba %aate, purchase ThaS w OF these tSse
selling between csc and zoe. On rumor
of a dividend, they advanced to $50 on
Nov. LIST. This rumor was correct, as at
a meeting of the directors held yester-
day. they declared a 10c dividend. pay
able at an early date. This means a
distribution of $4,000 to the fortunate
holders OF these shares. Judging from
the amount of ore shipped and it's value,
there must still remain in the treasury,
after payment of this dividend, close to
half a million dollars. Add to this the
production for the next sixty days, and
we see no reason for revising our figures
that this mine will pay TO it's sharehold-
ers from SLIPS to $3.50 per share in divi-
their treasury to develop their other
properties, Frances-Mohawk at any
thing under 500 looks cheap to us.
DIAMONDFIELD. These shares are
one of the few that have made no de-
cided advance. The condition of the
mine, amount Of ore in sight and the
manner in which IL is being developed,
j~ustifies a higher price for the stock.
and we advise its immediate purchase
at the market.
GREAT BEND. These shares have
sold as high as SIS hc. They broke back
to around So and have again advanced.
The insiders are buying at the high
price and we think you would do well to
follow their example. Great Bend is
certainly worth more money than 1t is
GREAT BEND EXTENSION Trading
in these shares has been light and we
consider 1t one of the good buys that is
being overlooked. The development on
the property is being pushed in a miner
like fashion. We expect to see this de-
velop INTO one of the best high grade
milling proposition of the camp. When
ever you can buy the shares at zoe or
under, you are getting a good bargain.
LAouNA. These shares furnished
one of the sensations of the week, and
sold as high as $2.03. but or profit TAX
ing fell back to around $3.50. The dia-
mond drill prospecting the ground Is UNI
dergoing. is proving 1t to carry a large
body of extremely high grade ore. We
expect to see Laguna develop into one
of the big shipping mines of the camp.
COMBIMATI0N FRACTION. On re-
ported strikes, these shares advanced to
$2.10 and were in greater demand at
that price than they were less than four
months ago at SAC. They have good ore
on the observation-disclosures lease on
this property and also in the main work
ings. Within the next thirty days