The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-03-20
REVIEW OF NEVADA STOCKS.
Nat Boas Shows What Bulls and
Bears Have Been Doing.

Nat BOas. San Francisco correspond
ent of James A Pollock & Co, reviews
last weeks situation in the Nevada
mining stocks as follows:
The interest in the mining stocks con-
tinues as large as ever, and the ffuctua-
ting market continues to bring in large
orders. both buying and selling. Ore
shipments during the past week in some
of the companies has increased. Ship
ments were as follow: Ton0pah. ], 790
tons; Montana, 125 tons; Tonopah Ex-
tension, 695 tons; Belmont. 19S tons;
Midway, 80 tons; West End, 43 tons;
Butler, 90 tons: Briggs & Evans lease
on Manhattan Dexter, "a tons; Nevada
Alpine, 80 tons
The decrease in Belmont shipments is
due to work on the new gallOws frame,
which is progressing rapidly, but will
not be completed for next ten days.
Then we look for larger shipments.
Al. Laughlin, one OF the best miners.
has been appointed foreman, and the
move is an excellent one for the COM
pany-
Midway is the one showing consider
able strength last week blocks Of east
ern stock coming on the market fore
ing the price as low as Sis. This was
very cheap holdings and the party no
doubt thought it time to realize. Their
shipments average 100 tons per week,
and the second quarterly dividend of sc
per share viii be paid April 1. after
which payment there Will still remain
I'm the treasury about $4,000,
Buffers strength was due to the
shipment of fifty tons of high grade ore
and they viii follow regularly here
and they will follow hereafter regular
". There sSeems to be cOnsidera bic
stock around here which may force It
10 or Is points lower, but at that price
II is surely safe and before long should
sell as high as 1925.
MacNamara's strength is due to con-
tinued rumors of consolidating with the
West End property The latter is one
Of the best of Tonopahs. and as Mac
Namara has already encountered some
fair ore bodies of low grade, it can be
expected that future developments will
show some Of shipping quality. I
strongly favor its purchase, besides
which many bull tips are floating
around on il.
Montana has strengthened up consid-
erably, as its ore Shipments have In
creased. Work on the new gallows
frame is progressing rapidly and viii
be ready within two weeks. This should
increase their shipments, and l now
favor its chances more than ever In
the paSt IL has not been very well man
aged but this is being slowly elimina
ted It's past weakness has been prob
ably due 10 manipulation, out COilSIO-
cradle of the stock held around $500
has gone east and viii be held there for
higher prices.
Tonopah Extension continues second
shipper to the TOnopah Mining COM
pany, and a 25c dividend is shortly ex-
pected. Rumors of NJ. Schwab's ILL
ness gave Pittsburg brokers oppOrtu
nitv for a bear raid. but Mr.. Schwab
personally sent in large buying orders.
The stock is now strong around $500.
This crowd intend to put it to $4,000.
and I have every reason to think they
viii do so.
Tonopah Nevada, for some unac-
countabIe reason. remains inactive
around $500. 1t continues TO be p large
shipper. besides which its railroad earn
ings are enormous. I have been look
ing for a bull movement from the Phil
adelphia market for the past two weeks
and still believe 1T is a matter of
short time before orders viii come in.
West End is rather quiet. as they are
still at work getting things in shape
preparatory to making large improve
ments and sinking new shaft. This
stock is absolutely safe at today's
prices, $3.50, and when they once get