Los Angeles herald., 1907-02-24
Stocks and Bonds
44s-444 BRADBURY BUILDING
Cor. Third and Broadway.


FEBRUARY 16th-The labor trou-
bles in Goldfield, failure of L. M. Sulli-
van Trust Company, bad weather in
the mining district, and high cost of
fuel have combined to unsettle the in
vesting public. The condition in which
the various lessees left the big merger
properties after the expiration of their
leases has entailed the necessity Of re-
timbering all these mines before de-
velopment work may be recommended,
in bringing about the prolongation of
the present depression.
FEBRUARY 1Sth-Interest in mining
stocks is being confined to few Sc
curities and they are mainly in the
Goldfield district. There was a large
demand for st. Ives, Red Top Exten-
sion, Great Bend Consolidated and Mo-
hawk Jr. on the mining board today,
14,200 shares st. Ives having changed
hands at s1.50.
FEBRUARY 19th-A touch of the ex
citement OF last November is in the
air about the mining exchange today,
the floor being crowded with brokers.
Everybody seems to be anxious to get
into the trading. Blue Bull, Blue Bell,
Jumbo Extension, Red Top Extension,
st. Ives, Daisy Extension and Mohawk
Jr. were active ones. There is talk
of the probability of the merger de-
claring a dividend when the board of
directors meets on February 25th, at
Evanston, Wyo. 1t is stated that
great deal of pressure is being brought
to bear against Nixon and Wingfield to
declare dividend.
FEBRUARY 2Oth--while the market
and mining stocks opened strong in the
regular call today, it was not long be-
fore it developed that securities could
not hold the high values. The ring of
enthusiasm so noticeable on Tuesday
was absent today. 1t was the old story
of reaction following a strong market
and there was a great deal Of selling.
There were, $4,000 shares of Blue Bell
sold at 32c. Blue Bull fell from 58 to
81, under sales amounting to 1880. st.
Ives suffered some in spite of the large
number of shares sold. Daisy Extension
closed with 1000 shares sold at &c, and
5000 shares of Mohawk Jr. sold at &c.
Mohawk Jr is booked to recuperate and
will likely sell at a much advanced
figure.
FEBRUARY 21st-Selling orders pre-
dominated on this day. Nevertheless
there was a large gathering ready to
buy whenever the market sagged to q
very decided extent. The selling orders
were prompted by a desire on the part
of spectators to take their profits from
ha III nd he Af
tainty as to what may develop in the
next few days, as there will be no ses-
sion of the exchange until Feb 25th.
MARKET IN GENERAL-Week,b be-
fore last we made the following state
ment In our Market Letter:
1--WE believe the best buys in the
Goldfield district today are Mo-
hawk Jr., Blue Bull and st. Ives"
Mohawk Jr. was then &c, and has since
sold to lie; st. Ives was SLIP, and has
since sold to $175; Blue Bull was 45c,
and has since sold to 5Sc. We merely
mention this fact so that you may bet
ter Judge our competency in handling
mining stocks. Our information is al
ways right, as we never guess at any
thing, but base our calculations on the
scientific knowledge we receive from
thorough investigation of the mines
themselves. We have three of the
best mining engineers in the West on
the ground in Goldfield inspecting prop
critics for us. and when we get a tele-
gram stating that big strike is about
to be made we are gambling on the
scientific knowledge of men of years of
experience in exporting mines.
We believe Blue Bull will sell to s.. 90
and st. Ives will probably strike $500
fiat before the middle of March. Mo-
hawk Jr. will sell to 25c within the next
40 days.
A carload of machinery has Just been
shipped to the Mohawk Jr property
and the formation that the shafts are
now in indicates that we are very close
to shipping ore of high value. A tele-
gram was received yesterday from one
of our engineers stating as follows
"The finest stuff uncovered in
the Red Mountain District found
by men working on Mohawk Jr. yes
terday."
DAISY EXTENsION-A letter from
c. c. Thompson, Deputy U. S. Mineral
Survey, states as follows
"Daisy Extension is all meas
ured up, is on the map o. K, and
l see no reason why your title to
the ground should not be all right,
as you are ahead of any one else
save some slight conflicts on the
south end. AS, soon as I get the
posts set and the amended certifi-
Gates filed, and get survey copies
for the recorder. / will fill out a
blank and forward 1t to you to
sign and send to the U. S. Sur
veyor General at Reno, who will
then issue the order TO me to make
the patent survey"
AS soon as the patent number is is
sued by the Surveyor General the act
of development of the Daisy Extension
viii be commenced, and as the Com
pany has ample treasury funds, work
win be pushed with the utmost activ-
ity and the stock viii then rise quick
ly in value.
MOHAWK JR.-This stock continues
to be one of the most popular on the
San Francisco Exchange. A few shares.
however, have changed hands the last