The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-02-23
MINES AND
Weekly Review by ncCormack-Dorsey Company
February %. 1907

selling prices OF today. you Will find
that we were right. With possibly n
been occasioned by the improved CON
eitions of the mines. The advance in
one or two stocks might be charged to
manipulation, or IL may be that their
popularity caused them during the gem
erai advance, to be carried to a point
beyond their real merits.
The manner in which properties all
over the camp have responded to devel-
cpment has been most encouraging and
augers well for the future. At the pres
ent time, according TO the best informa-
ton obtainable, there are 26s lessees at
work and 1T6 hosting plants in opera
ton; and many others have been order
ed. and arrangements made for their i'm
mediate installation upon arrival.
The strike of extremely rich ore on
the Higginson lease OF the Jumbo Ex-
tension ground. was fully expected;
that on the st. Ives was a surprise to
many, and the eager scramble for the
shares OF that company, resulted in
their advance from around IS cents to
S1.75. Then came the uncovering of the
rich ore on the Pennington-Kalfus lease
on the Velvet, which was a genuine sur
prise and proves up that much more adj
ditional producing ground.
Several strong companies have been
organized TO operate in what is generally
termed the southeastern portion of the
district; they have been fully financed,
and we expect to see them enter the
lists Of shippers within a reasonable
time.
The Bullfrog camp, at the present
time is attracting a great deal of atten-
ton, and the properties there are max
ing a most excellent showing-and when
the new Schwab mill is completed. we
look for a decided boom in the Bull
frogs.
Both Wonder and Fairview hold their
place in the public estimation and re-
ports of a most encouraging nature are
being received from both camps.
anhatta and Round Mountain are
not receiving the attention they deserves;
many meritorious properties are prac-
tically idle for want of development
funds.
Since the Dunlap and Bluelight copper
mines, located in the Mina-Luning
districts, have proven such bonanzas,
marked attention has been paid to those
districts, and several new discoveries
nave been made. Owing to their ac-
feasibility and nearness to the railroad.
we believe these districts are sure to
come to tho front.
Nevada mines and securities have
proven their worth and are attaining
that position in the estimation of the
investing public. to which their merits
entitle them; the prospects for a season
of development and expansion are most
encouraging, and we believe that her
production of silver, gold. copper and
lead, for the year 1907, will place Ne
vada in the van of the mineral produce
ing states of the Union.
CONSOLIDATED. This mpa is
fast getting its properties in shape to
maintain a regular production and We
believe Ii will be the greatest that was
ever made by any gold mine In the
world. Not only are there millions of
collars of high grade ore in sight, but
there is much virgin territory that re-
cent developments have c~onclustvely
proven should contain as rich ore as
any hat has been uncovered on other
portions OF their estate.
There is an unconfirmed report that
at the annual meeting of this company
to be held February 25th, a dividend or
twenty-five cents per share will be de-
clared on the outstanding stock, which
is approximately 3,400, 600 shares. This
means SS50,000 in one dividend.
SANDSTONE. There has been a
steady demand for these shares for the
past three weeks, and while the demand
has not been heavy, and the advance
but slight, we believe ii Is one OF the
strongest stocks on the list, and that
it is due for a decided advance at an
early date.
GREAT BEND. Development is
proving this property to be what We
have always claimed for 1t; a big, higl
grade milling proposition. The shares
at the present market price, are GER
tainly attractive.
DIAMONDrIELD. We consider this
property one of the best in the Diamond
field section of the camp; 1T is being de
veloped along lines that will make II Z
steady and consistent producer. Ths
shares at the prevailing price are a bar
gain.
PALACE GoLDFIELD. This prop
erty adjoins the Great Bend and IS be,
ing actively developed by two sets OF
lessees. The Hardin lease, on the south
end of the Rabbits Foot claim, has now
reached a depth of approximately lot
feet. and the showing is very encourag-
ing. The Nevada Pearl lease, on the
northern portion of this claim. has
reached a depth of 125 feet. 1t is the
intention of the management to con-
tinue 10 the 150-foot point, then cross
cut to intercept the vein that gave the
high values on the surface.
LONE STAR. This ompany is cap
italized for 2,000, 900 shares, par value
$1.00 each. According to last reports
1875, 900 are still in the treasury, leaving
1895, 600 outstanding against the prop
erty. The ompany owns 800 acres OF
ground, and when compared with Blue
Bell. which adjoins ii on the west and
is selling at 80 and 35 cents; Empire,
which adjoins it on the east. selling al
is and 20 cents and Potlatch, on the
south selling around so cents, 1t would
seem hat Lone Star should properly be
selling at somewhere between 10 cents
and $1.0O. And we believe that il the
management would pursue a more active
policy of development than is now being
followed, the shares would soon reach
those figures.
GoLDFIELD COMBINATION. This
property is being actively developed by
two sets of lessees, both of which have
full and complete plants of machinery,
and are sinking as rapidly as possible,
Located as it is, Immediately north OF
the Gold Bar and G.. o. ID. we believe II
is certain to carry the veins from which
both of these properties are now making
their production. Remember what we
told you last July ABOUT Combination
Fraction. when it was selling at 81
cents? Buy some Goldfield Combina-
ton and put it away for six months
RED KING. The shaft on the lease
on the Florence estate IS now down l5e
feet. Sinking has been suspended while
the new 25-h.p. Fairbanks-Morse gaso-
line hoist is being installed; gallows
frame is erected, and active operations
will be resumed at an early date. The
management intends to crosscut from
the 200-foot level for the vein from
which adjacent leases are now produc-
ing good ore. We consider Red King
at the present market price, the Desi
speculative buy in the camp.
BLUE BELL. Thes shares have beer
decidedly active for the past week, sell
ing as high as IS cents. They have de-
clined and are now selling at 81. There
is an unconfirmed rumor that the Ke'
wanna management is quietly buying uI
these shares with the intention of secur.
ing control OF the property. Should
this prove true, Blue Bell will sell a.
much higher figures, as the kewans
people have demonstrated their abiit3
to develop a property, and in the even
they secure control OF the Blue Bell {
campaign OF vigorous and thorough op'
erations may be looked for.
vENCENDOR. TINS company owns
rs acres of ground in the eastern par
of the Diamondfeld section of the camp
The surface showing is first class, there
which carry good values. They ais,
have a lease, running until August !