The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-09-12
ADVANCE OF 12O PER CENT
IN COALITION ANAI-YZED
BY NAT c. GOODWIN & co.
Reno Brokerage House Shows Why Rawhide Stocks
Are Moving Steadily Toward
Higher Levels
CAMP NOW ITSELF
Stocks withdrawn From Promoters Hands Just
When Ore Discoveries and Heavy Buying East
and West Start Prices Soaring

Nat C. Goodwin & Co., Reno, says in
its Market Letter, issued early in the
week:
-Four weeks ago we were able to fill
orders for Rawhide Coalition stock at
25 cents a share, Rawhide Consolidated
at 35 cents a share, and Rawhide Queen
at 60 cents a share. Today the ruling
prices on these stocks are: Rawhide
Coalition, "a to 55 cents a share; Raw
hide Coalition, As cents a share; Raw
hide Queen, rs cents a share. The ap-
probation in values in four weeks has
been: Rawhide Coalition, 100 to 100
per cent; Rawhide Consolidated, 35 per
cent; Rawhide Queen, 20 per cent.
1.-THE change in the Rawhide situa'
tion in four weeks time has been little
short of phenomenal. The advance in
value of these leading Rawhide stocks
has been greater and more rapid than
has been shown in the same period by
any other stock in any other market in
the world. Today's quotations arc
based on a rising market. Tomorrow
these prices will be higher, and the
end of the advance is nowhere in sight
The profits of from 60 to 100 per cent
shown by these stocks in the last month
will, we are confident, be dwarfed by
the profits which may be taken in a
month by the buyer at today's prices,
"Rawhide's phenomenal record OF
the past four weeks is attributable to
these causes:
IL. The magnitude of ore showings
made in that time.
"2. The virtual withdrawal of all
save distress stock from the market.
90. The recognition by stock-buy.
ers living near the mines of the wonder
full merit behind these issues, and their
eagerness to share in the bonanzas, as
represented by a sudden food of "buy''
orders pressing upon the market for ex'
ecution.
"a. The demand created for these
stocks in the Middle West, East, and on
the Coast, by merit demonstrations, and
despite the opposition of Eastern brok-
ers, the majority of whom are pursuing
their usual dog-in-the-manger policy of
waiting until the Rawhides reach the
top before advising purchase.
"To analyze these contributing causes
in detail:
~. The Magnitude Of Ore Showing
A month ago the leading Rawhide
stocks, Coalition, Consolidated and
Queen, were representing very promis-
ing prospects. Today they stand for
bonanza mines, bigger and more thor
oughly proved up than was anything II
Goldfeld when that camp was twice the
present age of Rawhide. Within this
month the Grutt Hill Coalition lease
and the Mint lease, both on the Raw
hide Coalition s estate, have proved up
a true assure vein for a total distance of
200 feet, and to a depth of 107 feet II
the Coalition. and 200 feet in the Mint.
Starting at the surface, this vein has
widened steadily, and with depth the
values have been persistently enhanced.
At the surface this vein was 8 inches
wide. At so feet it had widened to 2h
feet. At the 107-foot level it is A feet
wide. One foot of the vein at the lower
level is gold, carrying rock, the values
being reported to average $4,000 a ton.
while the remaining 3 feet give average
assay returns of 800 a ton, making an
value at the 107-foot level for
the entire 4 feet width of the vein of
more thar SO, 900 to the ton. The Gold
field Mohawk never had such a showing
as this, because this vein is absolutely
proved for a distance of 200 feet in
length and 200 feet deep. On this show
ing alone, not including any of the
other 90 leasers that are working on the
oround-and the Truett lease is already
a whale of a low grade mine and grow
ing better with every shot-Rawhide
Coalition deserves, in our opinion, to
take rank with the big mines of the
world.
"The story of Rawhide Consolidated
is almost equally marvellous. On this
great estate, embracing IT'S acres, the
Big Four lease, at the 100-foot level,
has opened two remarkable veins. One
of these is 4 feet wide, with a seam ]
foot wide which gives average values
of more than $1,000 a ton, the vein,
eliminating all the picture rock, is re-
ported to give average values of 1898