The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-05-11
CONDITION OF
. MINING MARKET
Prices Down and Volume Light Due Largely
to Stringency In Money Market---TrOu-
BILE Not Resultant From Local
,n Condition .esff

| Other properties are getting ready to
ship and l think that within very
short time the effect will be apparent
in the stock market as well as in all
other lines of business"
John Donnellan who has been watch
ing the market from the San Francisco
standpoint, for some time is in. camp
and says: 4u&s4
There are several reasons which have
caused the market in the Goldfield
stocks to act in a different manner from
that which was generally anticipated
when the labor troubles of Goldfield
would be settled. One of these. and
very important one, is the fact that
the eastern investors are. as they ex-
press IL tired of the cry of Wolf"
During the period of Goldfeld's history
there has been so much trouble over
the labor situation, something coming
up nearly every few weeks to cause a
depression in stocks. that we will have
to work hard to convince them that the
troubles are really settled for term
OF years. and that production is going
on.
There has been quite short inter-
est in the market both In the east and
locally. This interest has systematic
cally worked to keep stocks down. One
report received today from the outside
reads as follows:
There are lots of idle people in
Goldheld, and that for some reason or
other the mines have not started up in
full force, and trouble is anticipated
again
such reports as these will take some
Inn fn "a
ture which will overcome them is the
declaration of dividend by the Consoli-
dated. and widespread publicity given
of the production in the camp.
"One of the strongest features caus-
ing this depression was the fact that
certain interests were called upon to
cover over drafts and loans made both
here and in San Francisco. This neces-
STATED a large amount of stock being
thrown on the market. and considering
all conditions, it speaks remarkably
we'll for Goldfield and her properties
that the market could absorb as 1t has
done the immense amount of stock, and
that too of the higher prices such as
Consolidated and Florence. as rapidly as
it has. We think that this liquidation
is now over. and this was more appar-
Cit Oi sddS Hidi AStt WuicI Si1OWcu
a great deal of strength, and more
buying orders from the east. This is
true not only of Goldfield, but also Of
the San Erancisco market, our reports
stating that buying orders were coming
quite freely. If the Consolidated should
declare a dividend it will thoroughly
convince the people in the east that our
properties can be made dividend payers.
ment
stocks may go lower within the next
ten days. we think that the medium
priced stocks have about reached bed
rock and will respond readily to an
advance in case the higher priced stocks
take a move. The strike situation in
San Francisco has not had as much
effect upon the stock market as was
anticipated. The people owning stock
in San Francisco have held on. The
greatest injury that 1t has caused is
that temporarily no money Is being
advanced on the Goldfeld stocks; for
the matter of that, on any security
whatever in San Francisco. Advices
from there would Indicate that the
strike will soon be ended, and the San
Francisco people are becoming more
and more interested daily in the Nevada
stocks, the better class of capital COM
ing In now.
Considering everything, the market
indications are for a stationary market
for the next week or ten days, after
which prices should advance all along
the line for a good. healthy rise. No
wild boom is anticipated. but most of
them will go higher. There will cer-
tainly be another rise before the usual
summer slump sets in"