The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-11-17
MINES AND MARKET
Weekly Review by hcCormack-Dorse Company

ihe oniy market letter we were b
TO write last week was a short one. and
not worthy OF being mailed out to our
clients. In that we stated we were too
busy to write a review of conditions In
the camp. Not only were we practicable
showed under with business but every
brokerage firm IN the city was In lie
same condition. The heavy trading con-
unued on Monday and on Tuesday 1t
reached a point where IL was necessary
to close the exchange on wednesday In
order that the brokers' might have time
70 make their deliveries and check Up
their accounts.
Daisy furnished the sensation Of the
week, the shares selling at $I2O or
Monday on Tuesday they went as high
as Sl.SS and Thursday in San Francisco
and on the curb in Goldfeld. sold as
nigh as $500, but at this price there
was a flood of proht taking and on heavy
sales they declined and are now selling
around $500.
FLORENCE. To our mind this IS
one OF the best properties in the Gold
held camp, and for the first time liz many
months. there has been some trading
in the shares. This property is being
developed on company account and by
a number of strong leasing companies.
IL was from this property that the fam
GUS Reilly lease, which attracted SO
much attention to Goldheid in the fan of
1905, made its rich shipments. other
lessees are now making as good a pro-
duction and IL Is now being taken as a
matter of course. These shares are
selling between $3.50 and $500. at which
price we consider them a most attractive
DIAMoNDrrELD. In our market LET
ter OF Nov. Bird we called your attention
10 this company and old YOU IL was one
or the Few shares that had made no de-
clded advance and recommended its inn
mediate purchase at the market. IL was
then selling at SEC. 1t is now -7S, and
we are still recommending IL.
akEAT BEND. We have recommend
ed this stock so often and given you de-
tailed information as to It's condition.
that 1t is unnecessary 10 say more. The
shares sold the past week as high as
S2sbO. In our market letter OF Nov. Sd.
when they were selling at Soc, we told
you they were worth more money.
GREAT BEND EXTENSION. These
shares took a decided advance and sold
as ! as 45c. This is a gain of 1I2
per cent since Nov. Sd. when we were
recommending them at zoe. We are re-
liably informed that in n drift from the
l60-foot level, they have encountered the
vein from which the Great Bend proper
shipped the rich tellurium ore. We have
beer unable to verify this, but should
II prove to be true, the shares at the
present market price are decidedly
TRIANGLE. These shares have been
several points on every call.
and have been n most attractive specu-
lative buy. The showing on the prom
erty Is continually growing better. II is
being developed on company account and
by several strong sets of l~essees. They
have some of the richest ore in the dis
trict n we expect to see the shares
sell at a higher price.
LONE STAR. These shares have been
quite active during the past w weeks.
and have sold as high as 62c. On profit
taking. however. they have fallen back
and are now selling at AZ. The location
and acreage of this company demands a
higher price for the shares.
TvYNFnn rxmrruGrn-
OF Nov. Bird. we called you attention to
this company and it's holdings and adj
Yised its purchase at 75c, which was at
that time the market price. We do not
see how the new consolidation, carrying
Red Top, Jumbo. Mohawk and Laguna.
can well be formed without kim i'm
some OF the properties owned by the
Jumbo Extension company. The shares
are now selling at $1.S0. We believe
them a good buy at his price.
COMBINATION FRACTION. We
have consistently recommended the pur-
chase of these shares since last July,
when they were selling at 34c, and in our
market letter of Nov. 3rd, we told Won
that Combination Fraction at $500 or
less was a good investment. They are
now selling at $500 The Loftus-Davis
Sweeney lease, on this property, is GER
tainly one of the best that was ever
toners who purchased these shares on
our advice, have handsome profits n
we believe they can afford to hold on
to their shares.
SILVER PICK. The showing that is
being made on the various leases On this
property makes us consider this one Of
the best investments in the camp at the
present market price of $1.75.
GoLDFrELD RED KING. The loca-
ton of this property and the length of
time the lease on the F~1orences has to
run, with the recent strike of rich ore
on the Red Hill property to the south.
and with the surrounding leases in ore,
makes us consider the shares at any
in the entire Golddeld district. II you
failed to get in on some of the good
things that we have recommended in the
past, don't overlook this, but wire your
orders to buy at the market.
RED HILL. These shares were SELL
ing last Tuesday at csc. On Wednesday
they opened up a body of very rich ore
and on Thursday the shares jumped to
45c. We believe they will go higher.
BLACK BUTTE bonanza. We have
had many inquiries as TO the location of
this property. and for the benefit of our
clients, will say that their principal
holdings lie between the Black Butte and
Black Butte Extension. in section 20.
Diamondield portion of the Goldheld
district, comprising approximately 35
acres. The company is capitalized for
1000, 900 shares, par value s1.00, with
400, 000 shares originally in the treasury.
The property is receiving active and in
telligent development and the showing is
growing better with depth. The shares
are now selling around lie. We believe
them a good speculative buy.
PALACE aOLDFIELD. This company
owns the Rabbits Foot and Aqua Frio
claims adjoining the Great Bend, SELL
ing at $3.50, Great Bend Extension. SELL
ing at 35c, and Great Bend Annex. SELL
ing at 3Sc. The shares are listed in
San Francisco, and application has been
made to list them in Goldfeld. Two
lessees are at work on the property and
a block of treasury shares will be Of