The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-11-16
LOCAL OPERATORS OPINIONS
ON STOCK MARKET SITUATION

Last weeks market letter issued by
d. Mackenzie & Co.. said:
The panic of 1878 made Leadville and
started there the greatest boom at that
time ever known in the history of the
mining industry and turned into her
mines n mining stocks hundreds OF
thousands of dollars in real money;
people of the east who lost their money
through shrinkage of railroad and in
dustrial securities, or who had placed
their money in safety deposit vaults.
turned to mining securities as the quick
est way to recoup their losses in which.
in the majority of instances in Lead
Vile, they succeeded.
The panic of 1898 made Cripple Creek.
which was at the height of its boom In
1895, and the panic of 1907 will just as
certainly make Goldfeld boom during
| the coming year, and the entire state of
Nevada with it. The boom will come
sooner after this panic than in other
cases for there is more money in the
country, and even at the present time,
Notwithstanding the panic, there Is an
| almost unprecedented prosperity
throughout the entire country. the pres
ent panicky conditions being entirely Of
fright or panic and by 40 means due to
a failure of crops or any public calam-
ity, as from all parts of the country
come reports of abundant harvests and
of the greatest prosperity of the people
at large.
With the return Of business to the
normal. which has in fact already COM
menced, we predict for Goldfeld the
great and true boom of it's history and
one that will be laid on a golden founda-
ton. as PRODUCTION from the camp during
the present year will be the greatest in
it's history and will by far be greater
than that of any other mining camp of
the same age in the history Of the in
dustry, and even during the present
panicky time. and in the face Of all OBJ
stacles over s703.OO0 in dividends were
disturbed throughout the world to hold
ers of Goldfield mining stocks.
While we look for a good and speedy
recovery and one that will be well sus-
tanned on all classes of securities in
which money can be invested. we look
for a more rapid and stronge advance
In mining stocks han any other class
of listed securities; in fact. the enor-
nous advance of the past few days is
an indication of what may be accom-
plished and what is to he expected.
Goldfeld stocks AVE gone so low that
even the greatest pessimist was COM
PEELED to say and to think that the alb
solute bottom had dropped out of every
thing. but Notwithstanding the slump
and panicky condition of the mining Sc
curity market, II was a noticeable fact
by every broker that 1t was easier to
sell high class stocks than to buy ami
as this condition still continues to even
a greater extent at the advanced prices,
IL il easy to be seen that when any con-
certed movement takes place
dvanc will be recorded. n many Of
the shrewd and nervy ones who accepted
our o~ft-repeated recommendations
through these Reviews will, through
their investments in mining stocks dur
ing the past few weeks. reap independ-
emit fortunes over night and opportun-
tiles were never better than at the pres
| ent moment. and to all our clinets we
say buy Goldneld stocks now.