The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-07-20
GOSSIP OF EASTERN MARKETS

SPECIAL CORRESPONDENCE

I SPECIAL CORRESPONDENCE
rsa.,s .sasn July 4 l. .., v,,s ;: e. ", m s.s II. q ss ,s. sa,. .ssr Or . .. ss
again. o. On sa ass D ii. opinion IN reasoning or Gloss a.soeiaaon with both IN big
# a. sa sas%sl, an tn. .A. s.G 1%:. ,:."ss from s 2 N s !. :ss G.. %i !: s.a; !.
I've of a gigantic mining boom. comparable only to the hagcon days of the early
o S !: p%s.ssn,as. Of Of the Nevada gold sss, u nor. ..e:asnys q he sa.ivanss
Top. Daisies etc. Eastern interests. which hitherto looked with questioning yes
ciousnsss sroassd by the snormou winnings Of he rag spirits. who rsssa
Nevada ss aa' DESERT .%tI \. Sns i ]. true enough that he. interest. a. .ilss.,: only
ts.s ssssay interested n n ,nsss s's.: :. bound e . nvaass !. pushing .,%
o. a's .. % moss optimistic enthusiastic ooidasd boomer.
class of Nevada mining stocks This N !. Ensana. France N Germany
: ;s.sins TO .s >: ss's os'ss. a, sas s. vanss carefully ''"'''' viii lead to some lively
rnvApA mo SUBJECT 70 uAxD1.
Nevada ha, Of late years n. s herself, elf a mighty s Ss subject .s an to h.na nsw % 70
s ss'1sss WV While 1s oa IT %y b ss % as~ nssi . that %.e %n s~I +. 'o o %s we Z s" a great at
% 9a an ssssndeS ne ia. a !" i Suu unu@sa sTnh sTs is '% nos the s'p pus line buying ss 1 snans
main IS t ie n Dsss sw ' weeks 4 !" sas s@ad 1 n 6 eolaseld II c ss oiissa s' eoisaSd Daisy.
os%s'' WESTERN s' eSs1ssos ese a' sss 1as. At, "a" 'ss '1 Ws1ss'sA. %ssa' on ! u, S' hssys saas
co. ~, y :s,. J: q s. . : j into .sv :ss;I s.:, very s :s:sy svs sss. sss s% s ss:s: s.s ss%;''a' as
-. ,.v,,. n,,,n . .w.s., . .,.1 ., s.1 |. s sv.s ., |. year n.. undoubtedly
sssn ne a s mss ssT %,saa " sna sssars ssaSs .s me h sr Sr @ sss 's and 'As sls%s alike
ssnI @ % ss s's ss nsnfs sn %s m sr@f ss ssaes' an an i the %' pubic ai e as%s % no~ in @ie to " settle
s sssa M as %%sn minns ~ seeess. p an i se Ss ''aThss' recent sssa i heavy heavy '% advance ns are
: :ass ' ea%sinss,e ~ r 'ns asa's .nsS. .%a ~'f saena sa"a siS. @ oe'a a%sn Daisy as I :% o.
than that III reaction rom low prices should catch cav hor ccoun which
we're such mat the enas, n primary market ct. San Tn .as,. should CLOSE aS@,S up for for
ID, n. sS !. this .@ opportunity uun "a md ,,n ssrt an ar h ,as,D, ssn s Don m,n H1 ?" %s ,s w0 can rr set.
n nos.,saa0n 'sos If uss easter, xsa d 15 nas m. ts Inss s en aee %nnth Of .t t. sDT mars eso pan %as
stringent money strikes n what 10 A summer Of dulnes. low prices etc.
e Ca aa sas ss can T asnss = . hs smar aas' oas, an" We sI srs 1t % ap are IN evidence ""'
REASONS 70. coon MD-su.1ms HA.x.T
for this TT r s.ssas ssm -. .aas ss market sns 'i i s%s 'ss ss sossr on sns sl public ss' has vs. t beer ,s 1ass
ns for dalnsss n bargain mays IN in keeping with n, tn re. past record nth the ss ysr
Of ns1Duistors N can make { % their bidding s readily !. n operator . a
ao1DTrnID coHsoIIDATsD n PANS
parhs It. 10000 IsSof of mn s@s s so'. . ss am ts sas' during mi I shs lsss ss%Ds @s Paris parls brokers' rs
love sss . IL ' %st * = noe New s', Ssss St ,as's s1 aaaaas' h sass 1 sasss1s sssAs sss its :.
sn for the belief that it is founded Oh m semblance o. fact
CONTROL or TIE CONSOLIDATED
row !, is is IN nov ssu ssos. of eo nsusssa in a ss that nast the sa au ss bsImsn, s nsan ss sre no~
, ~Ms'I s.. sses' .s ss a 9ssss ss I'd i ss aav IS sss esns es sss p sisssy s sas%asins
ssssr oDs.'s n IN . asaS ' sa sh PROSPECTIVE of ss' v si9sA Of At he ss' somD pasy ' pro as1 ss.1 xsh 20 a
v wn its if . 'ns ssD: Ts s ss ss's % {. ' so s@ss'o Of IN s' @1 be- It's S. "ss% sa sss ss~ 1oss
ing in he light Of such mammoth mining nterprs as Amalsamated Copper
A"AO"N c,1r1c1sua THE roxorAHs
ssn nasa % d fsslss ' srst sm 1 pss % On sss%s. a na%s Ssa To saahs MINING Shm'' Tono as% Bi-
Management mama v Of them Tonopah Mining an ronopah Belmont being listed on
the Regarding tn recent elton Of he onops Mining directors, in passing. hs
ss :. r VI ss 't r aaas snoan T thsa. hsa o%san rSGasa s aD1s Is $4,000: g ao' ossr ssn as aDovss a. a i
sn apep Srss c1sss sn worhins order an all things looked bright for an increase rather
s aaa u a essss ansa "" sle @sss Of 's s@e Rai from o@t ts 81 to st the SIS mark n not 1sns
sos t@ recover owe s sams at = ae s1ea ea nr1ns aaS asAs sav sss yo %" tnhs e i. Ao of soossipf r what
it is worth. being neither able to AFFIRM or deny he truth OF same
tn synaie"s s,w rsis Oh n &a.a sssra Belmont ,h r, be be fn sess Of to lss0 august mer i s ss
: ss a ssa1s IS ,s Sr ss ~% s,a sslns s9 keep epi Belmont os nj at shs a e"s f " sressar vs sto Xxx a. 's IS
s. ss' ssy 70 Sy sss' Syndicate asS ss's ssa nss' $780, ls4 a 4 s s a u ssm sn e%an fa Ssa %s, 's e 'sssa
a,s sss sSs s 70, rss s ssss ssesA If a t fsFs asea s" saa s aasss ss So shortly sTg 'ag m AUGUST ut ~s' i
TS99S1n no n Ss ovs asssns i y t an' s1ns err ss' msn. ss '1 me s' "a thu %sss when
rramps is on the togogssn and tn sorrow Of it all seems to be the factt that
there looks to be no bottom to Inc decnne After a silence lasting since March
1905 the company issued July g. a short statement to it's shareholders to the effect
that u to date some 5000 feet of development work had been ccomphshed from
wbbho 1928 tons hd been found rich nough 10 Ship These 2S pms averaged
ike 1872 in gold ant snve to the ton, from which deductngs shipment
labors smelling charges, etc., something like $50 net a tor "a returned to the
company This is certainly miserable showing for a property which sold last
fan O a basis of $75OOooo. This report alo.s states that there is not enough mill
ig ore in sight to warrant thu erection of a mill at the present time 1t denies In
a tentative nd non-convncing mi the report in circulation that's n issue OF
treasury stock was being considered and taking 1t IL together eastern houses are
busny getting heir clients out Of the stock as fastas they ndissuade them from
thu gutterngp Promises which prevailed on them to by the stock anywhere from
$3.50 to SO a few short month g
The anagemen would not so badly criticised for he turn things have
AXE in thss stock, were it not known tina insiders unloaded blocks Of stock
all the way from SO own while the anagenen keeps closely to itself the ract
that they had practically no ore bodies in sight worthy II asshcauo under
nat '@ MONEY CONDITIONS
On the 6rsto of the month call one rose to Is per- cent a level REACHED only
three times since 1887. This naturally led to considerable discussion as to the
why's and wherefores of this abnorm high rate INC whether a continued I'M
rrovemen in tn stock market could be expected money acted thatu npreced-
ented manner. Inasmuch as there has been 10 suchr apd advance In rates TOT me
Opening IF July in the past 20 years it would naturally confirm me coshhzeo
theoryt hat the greater part OF the July borrowing ford dividend disbursements IS
done in the last week If une m the action of money IN the 1std or July YOU'D
indicate that he markets are called upo to facet isyara period OF hgn money
rates during IN season of former monetarye ease ant that the anks VIII ave tnr
work cut out for them to- supply he Vest with coplmoving money, owing 10 me
corporation ayments Which will nave to De settled. A n additional disturb-
hg factor is that thu past week has seer a thHd foreign gh htpm from New
York. bringing the total European export for the past five weeks up to- .2oo "uan :.
Considerable che is felt in high financial circles on this pWnr whch IS
reflected to some extent with III occasional W to three point reactions noted In