The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-07-13
THE MINES AND MILLS OF
TON0PAH in GOOD SHAPE

York, was here this week, and he talked
in a similar strain.
Before 1 left New York" said he.
the brokers had anticipated the rise
in the merger and other stocks. They
were advising in their letters. the pur-
chase of Goldfeld Consolidated and
Daisy. Money is l%oosening up there in
various channels, but it is still scarce.
The stringency of the money market has
been due in a great measure to the
campaign against the railroads and the
agitation against the big moneyed men.
My own idea is that that was carried too
far. and the reaction is taking place.
which will make money easier.
"You can depend upon 1t though, there
never was so much interest in the secur-
tiles of southern Nevada as there is at
the present time. and I look for the
biggest market that we have ever had in
Nevada. 1t will come. too. sooner than
many expect; 1t will come surely this
fall. The people nave lost confidence
in the railroad and other Industrial
securities. They have played against
the game so long. and have got the
worst of 1t so often, hat they will
naturally view the further manipula-
tons with disgust.
THE general impression in the East
was that the Ryan crowd had obtained
control of the merger. and that impress
sion had a good effect on the securities
of this country; for when 1t becomes
known that the big fish of Wall street
are getting into the stocks. 1t is pretty
certain that the others will follow. But
the record Of the leading stocks of
southern Nevada is good enough for In
vestors and spectators. and these
stocks appeal to them as a most attrac-
tive form of speculation and invest
ment."
Frank A. Keith, general manager of
the Tonopah Mining company. who has
been away from here for some time. has
returned to Tonopah, and will be here
to meet the party Of capitalists which
is due this week. Malcolm Macdonald.
who is connected with the various
Schwab interests throughout the coun-
try. and who has been in the eastern
~centers for nearly two months also re-
turned to Tonopah this week, and is here
to remain. Donald B. Gillies. president
of the Tonopah Extension. who left for
a short trip to California ten days ago
has heightened his trip to Michigan.
Ut. "A. IL. f1uuScuS, an oiu AHhc -
Tonopah, was a visitor last week. The
doctor took a good look at Mount Butler
Just before leaving. He was trying to
locate the property of the Central Tono-
pah and Goldheld Mining company. He
was quite sure that 1t was on the other
side of the mountain, out of sight.
Some of 1t is good doctor. The apex
is 1900 feet up In the air right on the
very tip top of Mont Butler. Only a
few people in Tonopah could be found to
remember the property and these smiled
at inquiry. Away down from the dome
of the imposing mountain on the north
side is the property of the New York
Tonopah. The New York started sink
ing about a thousand feet below the
giddy heights of the Central Tonopah
and Goldheld. and they abandoned the
chase after putting a hole in the ground
to a depth of 700 or 500 feet, and find
ing nothing.
Very little work was done on the
ground of the Central. and the general
belief is that the would have to go
another thousand feet before getting
through the Gaping. II there Is ore on
Mount Butler it is yet to be found