The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-19
NEW YORK NEWS LETTER
SPECIAL CORRESPONDENCE

The Philadelphia : New YORK. stock markets aane a number Of stocks making nr
weakness other than he universal impairment of confidence due ,o te prolonged
Confidence rs1ss nc @ sss "oss enS ss%sn i Impaired sI IN sSs Seu"sTs Sa : aforss n'T investors e orss SsSs
, ss a 'a' 1a '% s%s.'f s%o. s' ~sies, s s%e mo- ".I Sos ''1 T%s % ss s' IS ao,iss s% pr%'ps snsei +
. .ss,s ss G ss ~ss,a is ss s sas ss% re ia smt fs1srs e. ss ss1sm shortly "sss be .sesS".s .s s,,
The nsa,niss,er condition OF the money market, wa. also responsible or
s, provide, sS.n m9ns, .s sr the Of p ssns. IF r. ,hsss SCI no,s, rs,s call s,'I =. # ,.ans NATURALLY naturally
Of the money marss. is not MIN to New Y@k alone =, The same monetary
Under existing conditions banking interests at me eenter cannot X measures to
i in ssSs s s%y 1 s~ s C" sS%. which "''' ~''''" the D'''''" at other enters IS
stopped onrins ntsrs.' r 'ran., on gold shipped from Ss~ York Unless. u
doubtful II New YORK win part with ueh Q is present supply; Conditions are
se1sr ass's ss It market ms sss s% s% ses s&' a ' %asn isss' 1 'ssss to occasional rallies on short
QUESTIONABLE METHODS
FORK ansrmsr. m sn si in r w1s, ears r =. ,n nrous sa some 1a r of rnfad sa =. prom m,
has been general stusto of all Phnadeiphia securities With which they were
|s sna nm in se rans,~m sn sssare snS y heir ,h New ns york 81, ns ,ssmS rss a,. the Msw W s% ,s sms
u ha "@ the money! ~S' t h@S"r received SeSG fem ts sur e" w nu merely ths pep" of s sum
0a ss in former @%ia years as and and not prIats in IN m unassaasdns the General public have
ton with which which his soeris ise0 connected fearing that an INVESTIGATION s Of these
New York Tra'aon ns,. In GO. CONSEQUENCE saSs Of tm the public utility stock hvs sf-
ronopah INNINGS n Belmon naturally suffered in this decline ronopah selling o
wooDun.Y roxorAx nnxe
ss late 8 " woeasss. Tonops holding. were deposited a. .sssriy ssain..
m snosss a, ,I sssr ssS ws 20 q Ike sss ms ue III ,tss ,s s. .ns. nsn,ds lat S.. in sA to I per.
ssrousn !, the mx n s,,ssr sss, .Re ssmnr ha T"ns osn s Sn,Ss sm me to .%s sa ss ' nss he
: sen mor Of il You can state, that, the estate a. 20, sold single share and
the ITO Tsno.aa a Mimi that, that belonged sn to my father are fully a~are0 of the great value
1t is % correspondents opinion that both Tonopah and Belmont are sGapng
bottom I'M should b. bought at one
Trend or Nevada STOCKS
The market for Nevada stocks las declined in sympathy with tn other mar
ssss , while s s,a1se 60 selling ,at go orders ride n, ~rs in in s III mark" %as.s fr s",s s.s,sr IN holders hold. rsn wnG
market yet much heavier selling can from tn west 1t is believed tina the
known uptown mining broker was asked why. in view IF the heavy production Il
ore n general activity in the severaic amps mining stock did rot 70 u He re-
pld, why do not Pennsylvania ranroad.s standard Oil, United States Steel caIu-
met n Heca, h our tandard representative railroad and industrial com-
panies If America. &c up. While all other securities stand sn or fall. o can a
reasonable person expect good mining shares to dvance? Money is just as scarce
to buy the mines rs to purchase the steel or railroad shares I car select half a
a greater percentage than m railroad gu car pick tut and I will back m pre-
dicuon with money" Anyone h understands presents ondtionsc anno help tut
back III stocks which they are forced to let go of now. the public will be treated
to a bull marketi in Nevadam mines to which the upward ovement of fall will
be rs a gentle summer breeze ompared to a Kansa cyclone
TIE nA1LRoAD STRIKE
The news of a strfke on the Tonopah & Goldfeld Railroad company caused no
CALI the troops evidently hd the desired effect as the men are nw back atw work
and n 10 doubt everything ill pc in a normal conditions again within the next few
days
A we'll known banking house has the following to sa: The fact hat good
Nevada stocks are selling far below their intrinsic values is evident whe 1T is
ment of the GoMhad Consolidated declare confidently that they car continue the
payments of - per cent per- nnum OF par un cents per share monthly inhfn-
hely and with he statement that's ssoooooo wortho of ore is blocked III this con
fdence seems justified
1t is an accepted fact here that the TonorahM Mining ompany has opened up a
large body of very rich ores at a considerable depth A dfectoro of the company is
reported as having confirmed this statement If true thsw viii greatly lengthen
the life of the min nd as the ore is reported very high grade it means h atint this
property values inerease with depth When the public get overt their present fright
and begin to realize the wonderful values in this property therew ill be a demand
for this stock that viii carry the price back to par very quickly.
oDDIE NOT L1QurDAT1NG
1t az rumored here that President odde had sold his holdings in Tramp
Consolidated to a Philadelphia syndicate This report has been declared a work of
fiction by Mr. eddie although it hardly needed any contradiction. 1t is understood
hat The Carsairsh had disposed of most OF thirh holdings some lime go but here
is some speculation as to whether the Brock interests are still holding their stock
his clients TO the regular OF the onopah Mfdw and the Jim Butler
In som statsticsw which ne has prepared he shows that according to the shipments
landing stock The predict that If conditions remain normal this ompany will
resume dividends next spring He also says that with tho Butler property making
When tm forceds selling of mining sock is completed no ore hs Inc slightest
doubt there will be a violent ecovery in prices and people VII are wise enough to
u good stocks at these rdciulously low price will be rewarded by a good
quick profit