The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-05-09
ooLDFIELD's COMING BOOM

- = lining conditions in 0odheld today are better In evuy 0sp'Ss San -
Ivy every hand that by the end Of the year there wl 70 such srsmsndou.
tho country.
BY this " do lot mean another period Of stock hotaion' and surface
time and place and as moved on 70 ~ newer amp ~. ~ ~. .s -. - u..fu,
appreciated Not but what the mining promoter Of the real sort Is use,u,
in order 10 mine, and il is he promoters buaneu . get this money. But mining
and promotions in coldhsld are today Of . different so. rom n ,ns mm'
wherevsr he could find a purchaser Of a $40 bunch, and probably nj y in his
pocket as FISCAL agent, and % In the ground and after his "ckseinns cam
paign vas over.l left the ground scarcely scratched
Today the promoter is not seeking the small money but enishns big capital
far al minius Is coming into aoldasd nov han at any Other period, and more
properties arr opening y with strong financial backing and definite plans u
operation than ever before In fact ooldhed as Just sacns n Is now en''1'
ing upon herr real active mining existence
Az . result II rsa mining, many now finds arr being made. Splendid dis
eovsres no developing in every section that up until now, with all tho stock
selling and hurrah, we're scarcely scratched, for with few notable exceptions
mining in the boom days vas not more than superficial pospsctns win me
advent Of real mining. important discoveries hay been made IN every part o. n
district except the remote sastans N southern sections. Within the past month
rrorsuce nm: q sandstorm and Kendall ground OF tho nmthwest, around Co
lumbia mountain in the center and in the Diamondhed section to tn northeast
cove. !, wa sv. ~n tsrrssrv = vnns they evidence tho great extent Of the
cold reducing district the magnificent Developments in the 6Oofoot level Of the
famous Mohawk shows the possibilities Of the district At depth.
the mining world r. taking MOTTO. Of events Of the past two and three
period Of great activity. as stated above. This view is confirmed by
rM ~ Iom the biz Denver MINING magazine, whose ksemy observing
EDITOR luo v y in co,aasa recently He sent back editorial correspondence for tho
current number Of his magazine. and the introduction vas follows:
.Thue Is to m mquesaoned evidence that things are shaping themselves
for a splendid movement in the Nevadas in the very early future.
TT may come III week; it may come next month; it may be = summer
BOOM; IL may not IS some suppose. come bsforet the fan; ut com it will. and a
stantiany based than the last; wider rim its scope and undoubtedly Of greater pro
portions
There is nov a strong undercurent Of confidence and bunsh sentiment,
and there are apparent factors which must sooner or later crystalline into a wide
public interest, which in trn bids fair to surpas the boom conditions prevailing
last fan.
Personally 7 feel vey burash yer the Nevada situation. and being right
On the ground, I am able to study further the theories which I have evolved
through watching Developments at long range
IT have visted San Francisco, Reno, Rawhide, Jumbo and Goldfed. I have
talked with min owners and miners; with mining promoters and brokers; and
with investors I have studied conditions as I have found them.
IT reierate I feel very bulsh over the outlook = :
by studying the market for Nevada stocks, it will be apparent that at least
some actors have already earned a response in al undrcurrent of strength with
some advancing prices. I feel safe in predicting that when that next upward
movement IN stock prices is brought about, that the level which win be reached
will be higher than that of last fall And this is certainly something TO look for
ward to"
The editor of the Mining Investor was in Goldheld recently and he alsose mi
back articles much # the same tenor as that quoted above There is a noticeable
change of late in the newspapers generally As respects Goldneh. They are de-
voting more space to happenings an treat the news sent ut OF rich strikes with
a little more credence and confidence. Whereas formerly he rich strikes were
seemingly handled with tongs and tucked away IN a remote part Of the paper, as
hardly credible. they arc low played mp with good heads in prominent position.
showing that the world at large las finally como to understand that the stories
of fabuouLy rich finds as sent out by local Newspaper correspondents are not
canards but real and tangible facts These are all good indications Of returning
confidence in Goldhed, which, VI believe, will contribute largely to that mining
boon that re- consider inevitable this summer or fail.