The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-01-23
STOCK MARKET IN
NEVADA IS REVIEWED
Nat BOas Talks About the
Situation in Sagebrush
State.

Nat Boas San Francisco correspondent
Of James \. Pollock & Co, over their
private wire yesterday. reviews the last
weeks situation In the Nevada mining
stocks. as follows
Notwithstanding telcEraphic non-coui-
municatIon with the mining districts for
three days, the activity of the market
ever known, principally due to the very
large amount of buying orders from
Eastern points and throughout the whole
country The showing on, some of the
West End Red Top. Sandstorm and
Kendall. has been truly wonderful. which
VIII be taken up separately later We
have been anxiouslv awaiting results of
shipments, and while VIC find out they
are much increased. the exact Ngurcs
cannot be obtained at this writing
Belmont has been bought principally
stock coming back from the East, the
latter having bought too much earlier
and and no doubt having taken a pront. This
which they Will be able TO ship thou
sands OF milling ore. At present
quotations. 50, | am inclined to think 1t
too high. as the company has 100000
shares, making the mine valuation IS Coo
GOO. The annual meeting VIII take place
some time this month. when there Will
be declaration Of a 10-cent dividend. To
be continued every quarter This makes
the present price OF stock little too
high, and l look for a slump. probably
to $50
very rich bodies of shipping ore. and
bun movement was started by Schwab.
Mckanc and friends who placed orders
In this market for thousands of shares.
was only natural. and at $1.55 1t is CON
sidercd an excellent purchase and will do
better. as the Eastern markets are again
wiring Tor the stock. The rise and re-
rhnr mill ,nf
for the bull movement In Ohio, Cash Boy
and MacNamora, all OF which are bound
to sell higher, They are cxcellently To-
Gated and are in the center OF the ore
belt Tonopah has been and continues to
be large buyer OF MacNamara. and II
Is the Intention Of 'BoraX' Smith, who
controls both West End and MacNamora
properties. TO operate the West End prop
erty through the MacNamara shaft.
"Rumors are anoat that both proper
ties Will be consolidated, and MacNamara
ate rise. 1 have referred to West End
In every market letter for tho past two
1t Is In large demand and with
their following and the fast development
Of the property, with Its many large orc
bodies IL Will one day pass both the
Montana and Belmont, Mdwat ie an
other one which | believe Will show much
Increased prices within the coming week
II is and Will continue to be a dividend
payer and its shipments will be in
creased.
Montana weakness is due to the very
arSe amount of stock offerings Thou
sands of shares arc a1oat and although
Eastern markets have taken consldera-
Die, the supply Is still as large as ever.
ow, ] would not advise Its purchase.
ronopah Extension has weakened OFF con-
'iderably The demand Is springing up
again, and their shipments. which ran
han good. Every indication points to a
higher price within the immediate fu- |
ure. as Pittsburg and New York arc |
lgain wiring in bids.
ainty at Sl9 They have. within the past |
cw days. purchased the Dunlap copper |
mines. about sixty miles from Tonopah. |
md they intend erecting a smclter. utiliz-
ng these copper mines a nux. By |
his means the treasury Will be very
much enriched. The income from the
very week. and we are discountIng the
Increase OF dividend for the next quarter
Which will probably be 90 cents For a
Ugh class investment II is safe, and /
rmly believe IL VIII eventually sell as
igh as $40 a share
'"Tonopah Gold Mining has been show
ne a great deal OF activity, but the
mount of treasury stock and the per
ot allow 1t to improve great deal OF
ctivity Is being shown I'm the wildcats
ocated In and out OF Tonopah. but they
re too far from the ore belt and In nil
Will never amount to much
blue Bull looks like a feature TO hold
/ being very good ground and having a
cry bright future Columbia Mountain
'hile an excellent property. Is selling
luch too high for its showing. They
ave no orc at present, and | look for a
eclinc. Conqueror is the Nixon & Wing
cid stock who have a very large fol-
owing. They have run into some very
air ore, and / look upon 1t very favor
bly, Booth, at 36 cents. is also much
20 high. They show nothing except an
,fcrlor strike, and | look for much lower
rces. The strength in Goldned Mining
due to the finding OF a very rich shoot
orc on the third and fourth levels OF
ne January mine. All the rock Is high
rade shipping. eighteen inches of II be
Ig literally powdered with gold When
lis excitement has been digested the
ock will naturally slump off Jumbo
lows more weakness than any of the |
st There Is considerable inside stock
ling thrown on and, with the lack of
-opcrty work, Will no doubt decline
Sandstorm continues to make very
ch strikes on the l00-foot level three
ct OF $4,000 orc was opened up Consid-
able ore. formerly grading as milling
is proven richer than thought and will
,ar shipping expense. three-foot vein
as unearthed on lease which without
rtinB. shows $4,000. some pockets run
ng as high AS $50 and $75 a pound Tho
mpany is being daily enriched by shin
cnts. and as the stock is being largely
,sorbed by insiders, 1t Is surely booked
# higher prices 30