The San Francisco call., 1907-01-17

Four million dollars is involved in the
latest deal to merge Nevada mines. The
combination in view includes the Daisy,
Diamondf1eld Triangle and Great Bend.
The contemplated merger is the largest
Goldheld transaction since the Wing
field-Nixon interests gathered into the
Goldfeld Consolidated Mines Company
the Mohawk, the Jumbo. Combination,
Red Top, Goldfeld Mining and Laguna
properties and incorporated them on a
basis of $50. 900, 900, divided into 5,000,-
shares of $40 each.
This is the story that comes from
Goldheld mining men and it is gener-
ally credited here. It is alleged that
o. P. Posey and his associates have
agreed to pay a specified price Tor
the shares of the Daisy company and
have secured an option. According to
reports, with the Daisy purchase will
go the Diamondfeld Triangle and the
Great Bend, owned by LOTUS and Da-
Wis. The Goldfeld Tribune says that
adjoining the Daisy No. and No: 2,
and just south of the Jumbo Extension,
the Gold Coin and other claims, aggre-
eating seventy acres in area, will be
taken In, all in one group. The Palo-
verde and the Gold Wedge Fraction
mines of the Jumbo Extension may go
into the Wingfield-Nixon ownership.
A large amount of development work
has been performed on the several
properties to be merged This story
was buzzed about the Mining Stock Ex-
change in this city yesterday and add
ed interest to the proceedings.
Another matter that concerned the
brokers was the opening of the Gold
field Stock Exchange Board, which
started to do business with the begin
ming of the present week This means
a division of business to some extent
ir:- Ev-
change.
In San Francisco the brokers are
against the existence of two local min
ing exchanges This is the basis of
the protracted negotiations of the San
Francisco Stock and Exchange Board
and the Stock and Bond Exchange. Tho
former board has the mining stock
business of San Francisco now. Ger
tain brokers in the Stock and Bond Ex-
change wish to do some OF this busi-
ness. President Strassburger OF the
Stock and Bond Board and other bro
kers in both boards say that it is bet
ter to have one local mining stock ex-
change than two and there is local
tendency therefore, to unite rather
than to compete.
If the figures given out at Goldheld
are entirely reliable there is large
prize In the commissions paid at Cold
actions are reported to have exceeded
those of any preceding week with the
single exception of what is styled Mo
hawk week" The total sales of last
week at Goldfie1d are reported to have
amounted to 2,57S.160 shares, with a
valuation on the basis of sale prices
of s1,272,140. The largest sales In
Goldfefd ever recorded amounted to
2,665,4 shares in the week ending
November 10, 1906. with the value Of
securities disposed Of stated at Sl,294'-
SAT.
The Gbldfeld newspapers recognize
the situation fully, now that Goldheld
has two mining boards. The Goldfeld
Tribune editorially says:
with an unlimited field to work in there is
plenty OF room for all, and so long as the
new exchange maintains commissions there viii
not be any loss from a division OF business Ine
new brokers have their own clientele 70 draw
upon and by bringing fresh capital to this CEN
ter the efforts of both old anw new boards
will serve to swell the Importance OF Goldneld,
and eventually serve 10 establish prices that are
now fixed by cities hundreds of miles from the
scene of operations. The success or failure OF
the Goldfeld Stock and Exchange Board rests
with the members themselves. The trading
for last week, reported by the Goidneid