The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-02-02
CAPTAIN MENARDrs VIEW
OF Rel TOP DIVIDEND

Captain ]. B. Menardi returned to
Goldfield last Monday for the purpose
of attending the meeting of the board
of directors of the Red Top Mining COM
pany, which will be held next Tuesday
evening.
The much-talked of Red Top dividend
will be decided upon at Tuesday nights
meeting.
The reason we have delayed in the
matter of declaring a dividend" said
Captain Menardi discussing the matter
yesterday, lis that we want to make 1T
a regular thing, so that our sharehold-
ers may look for dividend day and know
just what to expect. We will declare
either a monthly or quarterly payment,
in any event 1t will occur at stated
periods. Our treasury is in a good
healthy condition, and it appears that
we can scarcely turn around in the mine
that we do not uncover some new ore
body. With those, conditions existing 1
would not be surprised TO see the stock
go to IS within a very short time-the
amount of the dividend will easily JUS
tify this.
1T must be remembered that the ore
we have been taking out is merely the
result OI Tie ucNclOpu1Ilt WOTh DIS L I has
progressed. We ave dom practically
no stopping whatever, and the output is
consequently considerably curtailed.
Yet with the work as it has advanced
we are able to make a handsome return
to the shareholders. In this connection
1 might say that the Red Top stock is
very widely owned, yet closely held. In
fact 1t is scattered from ocean to ocen.
In spite of this condition there Is very
little of the stock changing hands. This
can be regarded as quite remarkable in
the face of it's general distribution
through many sections, in the hands of
many people.
THE will soon install a
large new hoist that will meet all the
requirements for some time to come and
be fully n'keeping with the rapid devel-
opment of the mine. The company is
also arranging to own its own mill. This
will enable us to handle a great deal
more ore than we are having treated
at this time, as we have in the past ex-
perienced difficulty in the matter OF
having the output taken care of by the
mills.
Merchants in Los Angeles are look
ing to Nevada for what they expect will
be a very large future business as the
result of the construction of the Clark
road. The impression prevails there
that the road will within a short time
be built right through from Las Vegas
to Tonopah. This will enable Los An
geles jobbers to compete with San
Francisco, and they are fast realizing
that it will add very materially to their
already rapidly growing distributing
business.
Brokers in Los Angeles are talking
Goldfeld stocks with a vim, and as
there is a great deal of capital from all
sections of the east available at Los
Angeles, the stocks of this section are
being bought and sold to a considerable
extent.
while it is true that California has
been slow to realize the great posi-
bilities of this section. its people have
now rully waknned and are clamoring to
get in on the good things. This applies
to the southern part of the state par
ticularly. IN San Francisco the bust
ness of the stock exchange is daily In
creasing and the outlook was never SO
bright, nor with better reason"