The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-23
NEVADA STOCKS REWEWED.
Features of the Market for Past Week
Many and Varied.

Nat Boas, San Francisco correspondent
Of James A. Pollock & Co., over their
private wire yesterday, reviews the last
weeks situation In the Nevada mining
stocks, as follows:
notwithstanding teIegraphic non-com-
munlcation with the mining districts for
three days, the activity of the marker
last week was almost as large as ever
known, principally due TO the very large
amount OF buying orders from eastern
points and throughout the whole coun-
try;
THE showing on some of the proper
ties, such as Anchor, Belmont, West End,
Red Top, Sandstone and Kendall has
been truly wonderful, which will be taken
up separately later We have been anX-
iCIsIy awaiting results of shipments but,
While We find out that they are much in
creased, the exact figure cannot be OBJ
tanned at this writing
Belmont has been bought principally
on IOnOpdh orders, a great deal of this
stock coming back from the east the
latter having. bought too much earlier.
and no doubt having taken a profit. This
certainly is a classy property, from
which they will be able to ship thousands
OF tons of milling ore. At present quo
tations-$3.00-I am inclined to think it
too high, as the company has 100000
shares, making the mine valuation s6,000,-
600. The annual meeting will take place
some time this month, when there will
a declaration Of a 10-cent dividend, to
be continued every quarter This makes
the present price of stock a little too
high, and 1 look for a slump, probably
to $3.50.
Golden Anchor has uncovered two very
rich bodies Of shipping ore, and a bull
movement was started by Schwab, Nc
Kane and friends, who placed orders IN
this market for thousands Of shares,
causing a very sharp rise. The slump
was only natural and at S155 it is con-
sidered an excellent purchase, and will
do better, as the eastern markets are
o.. ~
recent strike in Golden Anchor will ac-
count for the bull movement in Ohio.
Cash Boy and Mcnamara, all of which
are bound to sell higher. They are ex-
cellently located and are in the center
of the ore belt. TOnopah has been and
continues to be a large buyer of Mac
namara and 1t is the intention of BoraX
Smith, who controls both the West End
and Mcnamara properties, to operate the
West End property through the Mac
namara shaft. ~Rumors are afloat that
both properties will be consolidated, and
Macnamara looks like the best stock for
an immediate rise.
al have referred to West End in every
market letter for the past two months
1t is in large demand and with their fol-
lowing and the fast development of the
property with it's many ore bodies, il
will one day pass both the Montana and
Belmont. Midway is another one which
believe will show much increased prices
within the coming week. 1t is and VIII
continue to be a dividend payer, and Its
shipments will be Increased.
Montana weakness is due to the very
large amount Of stock offerings. Thou
sands of shares are afloat and although
eastern markets have taken considerable
the supply is still as large as ever. Whne
the present price Of $3.50 might seem low,
I would not advise It's purchase
"Tonopah Extension has weakened of
considerably The demand is springing
up again and its shipments. which run
over 500 tons, make its showing more
fs,.,r iy7fc To a
higher price within the Immediate future,
as Pittsburg and New York are again
wiring in bids.
'Tonopah of Nevada looks like Ger
tainty at $1,000 The company has within
the past few days purchased the Dunlap
copper mines, about sixty miles from
Tcnopah, and they intend erecting
smelter. utilizing these copper mines as
be very much enriched. The income
f. en- the mines and railroad is becoming
larger every week. and we are discount
ing the increase Of dividend for the next
Quarter. which will probably be so cents.
For q high class investment 1T is safe,
and I firmly believe it will eventually
sell as high as $4,000 a share
'0TonOpah Gold Mining has been show
ing a great deal Of activity, but the
amount of treasury stock and the per-
scnal holdings of one of the insiders will
not allow it to improve. A great deal OF
activity is being shown in the wildcats
located in and out of TonOpah. but they
are too fer from the ore belt and in
all probability will never amount to
much.
"Goldfield stocks are selling TOO high.
The wildcats are all being bought on To-
cation and have risen in sympathy with
the balance of the market, and If Red
Ton and Kendall sell lower, which 1
think they will. It is safe TO say that the
wildcats will likewise decline. Adams has
fair ground but shows no ore. A big
bull movement was started the early part
of the week driving the stock to -
cents which brought out lot Of profit
stock This is being slowly absorbed and
should raise the market q few points
.EBlue Bull looks like a feature TO hold
II being very good ground and having
a very bright future. Columbia Noun
tain. while an excellent property. is sell
ing much too high for its showing. They
have no ore at present and I look for
a decline Conqueror is the Nixon *
Wfngffeld stock. who have q very large
following. They have run into some very
fair ore and look upon it very favor