The Birmingham age-herald., 1907-01-14

Chicago, January -(Special.)-Fred P. Meyer and C. II. Keide of the Meyer Keidel company, stock brokers and Gold field, New, mine operators, stated in an interview at the Auditorium Annex ho- tel yesterday that the present situation all over the country discloses the unmis- tekable forecast of an impending period Of wonderful activity in all mining mat ters in Nevada They declare that no such set of favorable conditions as now pre- vaillng throughout the mining world has ever heretofore existed In the history of the mine development. These gentlemen assert that the infalible signs, as dis closd by the daily market conditions in this country. and also in Europe, indi- cate clearly that the tide of public favor can no longer be held In check. When asked what the particular conditions are, which at this time favor this market ac- tivlty in the western mining securities, MT. ever in part said:
 During the past two years the invest ing public has to some extent been fa- milarized with the truth about Wall street stocks through the writings of Lawson, Ida Tarbell and others In conse- quence investment funds have in some measure been withdrawn from the Wall street channel, and a part of this money has found it's way Into Nevada mining ventures.
 During a contemporaneous period the western desert mines have been undergo ing an era of unpreeedent development, made possible only through the innova- ton of the automobile which has now come to be the only practicable vehicle for desert travel By It's use a point 100 miles or more removed from any base froHf cling distanco, whereas, formerly such trip into the desert would have always been attended by great peril, owing to the lack of water. Mining properties hereto fore practically inaccessible have thus been placed within the easy possibility of examination. Through this change the old time improvident and financially restrict ed prospector has yielded up his place to a new school of mine hunters financially much better equipped to exploit and de- velop surface prospects. This class of exploitation has prepared the desert coun- | try more quickly for subsequent railroad development which has followed closely in the tracks of the automobile.
 with an abundant and consequently increasing supply of funds available for prospecting and development purposes, Nevada has had during the past two years fine opportunity to demonstrate the merit of her splendid mineral resources. Tier nlnlnS record leSllIleS db to HOW well she has improved this opportunity.
 "The most astonishing achievement seems to me to be that up to this date there is practically no person who has dealt in Nevada mining stocks at a loss, but on the contrary the record has been one of universal profit It is indeed assert ed. and I believe truthfully so, that in these two years Nevada has produced 100 men now rated as milionaires These uEdisputed facts effectually nullify the wall of warning which now eminates from greedy Wall street, alarmed as 1t is to the last degree by the steady drainage, for western and mining Investments, of funds which have heretofore been flowing in an uninterrupted stream into New York City. These profitable investments of funds fin western mining stocks have so stimulated the production of gold in Nevada as to place that state third on the list of gold producers in the United States last year. and if the present ratio of in- CT ease continues, she will rank No. 1 in 1907.
 The banks and mining companies on the Nevada gold belt hold $90 100000 of money in their vaults. while they are also credited with s9O. 100000 in New York and a like sum in the California metropolis
 Nevada has within the past 150 days developed a mine at Goldfied which holds the worlds record of production for the same period of operation. The sum pro- duced to date exceeds 100000 in bullion. Two carloads of ore from this famous mine. valued at $2,000,0O0 are now held by the Goldfeld banks, In whose banking houses the sacks of high grade are be-