The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-07
NEVADA STOCKS REVIEWED.
Market Has Been Lively and Strong
Durinu the Week.

Nat Boas. San Francisco correspondent
of James A. Pollock & Co, over their
private wire, reviewed the weeks stu
alton in the Nevada mining stocks as
follows:
Our market shows no abatement in the
large amount of trading from preceding
week. In fact it has been larger than
ever but generally cqRtlned TO GoldfleId
stocks. The whole Smarket appeared
stronger in the early part of the week,
but broke badly yesterday morning and
has recovered somewhat. Ore shipments
were greatly decreased owing TO close
down of mines during the holidays. Mid
way has made the best showing of the
week, one carload of ore netting the COM
pany $4,000. Mr.. BrOugher, the president
is willing to wager $500 that the stock
Will sell for 50 by Jan /. 1907 MacNamara
is being worked progressively but the
stock Is not very faVOrably thought of;
pah market does. Belmont will probably
sell back to S2.15. as eastern cities are
sending in selling orders The mine is
hetter than ever, with big ore bodies in
every part. North Star is showing de-
cided weakness, selling from SO % 50
cents in one day. Ehe generally weak
market allowed maniDulators TO throw
IN stock at the right time, with a sue
cessful profit. I understand an eastern
syndicate has so far secured options on
about 10000 shares and is working for
more.
Rescue is showing strength; probably
being manipulated. Weakness in Gold
Mountain is due to amount of stock be-
ing sold by one insideP, who is in need
of funds. Butler is a hard stock to
guage, little work being done and present
prices probably high enough. TOnopah
common IS strengthening up cOnSiderab-
". closing ar 81 bid: look fOr~ If to
sell at $50 before next quarterly &. l.
dent, as dividend will surely be increa cd.
TOnOpah Extension viii sell higher, IS
dividend approaches; mine shipping rich
ore regularly, which later on will be in
creased.
Rumors of a strike in Ohio drove that
stock to 30 cents. Knapp. of the COM
pany. claims they have some ore of low
grade; will probably sell down to 20 cents
or q cents. Home is still being bought.
Pittsburg crowd will ring daily for more
stock and intend to put it to 30 cents.
and offers large buying orders. Strike
in Cash Boy drove stock from Is TO q
cents. StTingerS of ore of fairly high
grade have been found After the first
excitement stock dropped back to 20
cents and should be bought. as the ore
stringers Indicate the nearness of some
vein
New York Tonopah is claiming strike;
strength is purely due to manipulation.
West End is the best in the camp; will
surely do better.
Goldaeld mining strengthened up on
the appearance of the balance Of the
GoldfieldS and at anything under 20 cents
is surely a good buy to hold, as lOca-
ton and ore. are there. Sandstone is
shipping extremely rich ore from the Loft
tuS lease. SeFeraI tunes In the past ore
veins have pinched, but always have been
found again. Kendall broae badly from
60 to IS cents, recovering last night to
50 cents bid. Stock will probably stay
around 80 cents for the present, In the
early part Of the weeA a new strike was
claimed which report is denied.
The BullfrOgs are all showing up in
good shape as regards market prices
The strength in Denver and Eclipse is
due TO continued rumOrs of a CONSOLE
dalton of these two properties and the
action of market might confirm it, East
ern points have bought thousands of
these shares and want more, and eSpe-
cially Denver. This should help Eclipse,
which might send il to 10 cents 1t there
fore should be bought.
The general market on all stocks closed
very firm, but has weak appearance
underneath will no doubt sell a little
lower. Suit against MOntgOmery-ShO-
shone was won by the defendants, and
makes ore shipments possible.