The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-09-29

are being overlooked. Almost the
entire list OF Goldhelds can be bought
with safety. and the Bullfrog list pre-
sents some decided bargains. The
Clark railway is practically completed
to the Bullfrog camp. " .TiH each
Rhyolite within the mex few days. and
will undoubtedly be in position for
freight traffic by October 10. AS soon
as it is in position to receive freight. I
understand there is to be a trainload OF
ore sent out. which will give the coun-
try some idea of what the camp can do.
I have IL on good authority hat the
NEUTRALITY-SUSPICIOUS. has $4,000 sacks
of extremely rich ore that will make a
part of this shipment. The Gibraltar
Mines syndicate nave practically three
cars, of which they are not ashamed.
Tramps Consolidated, National Bank
and other properties, are also arranging
to join in the shipment.
TRIANGLE-This stock has been
tHS nloSt dNAlNG AIdQtT uuilHh III DtSl
week. and the price has steadily add
vanced. The reports from the property
are to the effect that they nave opened
up the same character of ore as the
Daisy, and that the showing on the
property justihes a still higher price
for the shares.
rRANCEs-MoHAwK.-These shares
shares are firm between 75 and soc. with
a good demand but very little coming
out. The lease keeps up its record
breaking production. From two to our
cars of high grade ore going forward
daily, carrying average values of from
s250 to s4O0 per ton; $26,s30 net returns
were received from one days shipments
last week. One hundred and five men
are employed on the mine and shipping
ore is being broken from every opening.
On the ~company's frances mine, seven
teen men are employed: a 15-h.p. gaso-
line hoist has been ordered and is
daily expected. 1t Will be Immediately
installed over the shaft IN the Frances
No. 1 claim. which is now down so feet,
and is being pushed as rapidly as possi-
BILE to the 150-foot point before cross
CQlline vi dIiiliHb 10 NOiifHtnNcu- III
management Is confident that ore of
shipping value will be encountered in
his shaft and that the Frances mine
will be on a shipping basis before the
expiration of the Frances-Mohawk lease.
On the James claim an incline shaft is
being sunk on the ledge and is now
down I'm the n~eighborhood of 80 feet,
showing values of from Sc to see to the
ton. This point also looks like a ship
ping proposition with a slightly in
creased depth. Considered from both
a speculative and investment standpoint,
these shares are a bargain at the pres
ent market price.
PALACE GoLDFIELD-Application
has been made to list this stock on
the San Francisco exchange. From now
on it's shares will have to be bought in
the open market. / consider this one
of the best prospects in the Goldheld
district, and recommend the purchase of
it's shares at the present market price.
SILVER PICK.-These shares have
been very active and show a decided
gain since my last Market Letter. III
showing on the property is steadily
growing better, and leases are in de-
UldDu. L tADtCl - see ollNcT 1t e
come one of the big shippers of the
camp within a very short time.
GREAT BEND ExrENsIoN.-The
directors of this company have decided
to purchase a 25-h.p. gasoline hoist, and
increase the working force on the prop
erty as fast as possible. The stock
holders in this company may look for
active and intelligent development. and
/ believe they will rave ore of shipping
value at an early date. The shares at
the present market price, look extremely
attractive.
MADoNNA.-The main shaft on this
property is now down 80 feet. The
ground will be explored from the 100
foot level. Recently a SO-foot ledge was
uncovered that gives good values, and a
new shaft has been started on the same.
1t is down about 20 feet, and is being
pushed as rapidly as possible. There
has been but few of these shares on the
market during the past week. but
little was offered found ready sale
around zoe. / believe that Madonna is
due for a decided advance within a very
short time.
CENTENNIAL aoLDFIELD. - This
owns the Summit and Horn
Silver claims of 40 acres in the Ida
district. The officers are: II. b. Hickey,
president; f. b. Cushman, vice-presi-
dent; j. l.. Lindsay. secretary and
treasurer; j. f. Douglass and A. A.
Redmond, directors. Homer Wilson is
the engineer in charge. Development
work on the property is as follows: The
shaft is down IS feet, and tunnel. is 10
feet. They ave just started a double
compartment shaft, which is down APP
proximately 40 feet, and from which five
assays were made, the average value in
silver and copper being $62.s0 per ton.
We believe this is going to develop into
a shipping property at an early date.
The shares are listed on San Francisco
and Goldheld exchanges. and are selling
at 16 and lie. We advise their pur-
chase at present market prices.
GoLDFIELD RED KING.-This com
pany own the Lady Elgin group of
claims, situated one mile southeast of
the town of Goldfeld, and about 5000
feet south and west of the Goldfeld
Portland mine, upon which a recent
strike of rich ore was made at a depth
of 425 feet. 1t also owns a lease. which
runs until October. 1907, on a block of
ground 500 feet square on the Red King
claim of the Florence Mining company.
The shaft is down "a feet, and three
samplings across the face for seven
feet give average values of $500. This
lease was selected for the company by
the Lord Brothers, who were the orig
inal owners of what is now known as
the "Lord-Oddie" lease. on the Mohawk.