davidaulloa/AmericanStories huggingface dataset:
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-07-18
FORECAST OF STOCK MARKET

New York City, July 13.-The mar
kets are moving. John w. Gates says
that it will be a year or more before
securities rise to their real intrinsic
value. Judge Ebert II. Gary, chairman
of the executive committee of the
United States Steel Corporation, says
that the movement is apt to begin at
any time and may be already at hand.
Gates foresees some months of compare
tive business inactivity and slow re
cuperation; Gary says that business is
already on the upswing. Gates says
that 1909 will see great improvement in
the steel trade and that 1910 and 1911
will be the banner years in that ndus-
try. Gary also predicts great strides
for steel. Gates says that on any ten
point decline he would accumulate
stocks, all of which should encourage
investors to accumulate them nov.
Gates Judgment is that of an old
timer in Wall street.-the Judgment of
a man who is seldom in error. 1t will
always be remembered in Wall street
that Gates and his friends sold a great
part of their stocks in the spring before
the panic, cashed in their profits and
retired from the field. There is no gain
saying the market wisdom of John w.
Gates.
/ called the "'turn of the market in
this column on June 26th since which
time stocks have steadily advanced.
Not only is the general stock exchange
list higher, but the curb list has shown
greater activity and life. In spots it is
materially higher.
West Enc of Tonopah and Combina-
tion Fraction, two Nevada issues to
which | particularly called the atten-
ton of the readers of this weekly re-
view several weeks ago, are much
higher. They have probably only be-
gun TO rise-this being particularly
true of West End, whose recent devei-
opments make it look one of the big
mines of Nevada. FL Orc, Esperanza
and Kendall of Montana which were
several weeks ago mentioned here as
stocks likely to have substantial adj
vanees are all strong. FL Orc partieu-
larry ON what looks like inside aeeumu
~lation. There is nothing more certain
to advance in the whole mining list
than this onc. When the English pub
lie learns that this mine has developed
bonanza ore not only on the thousand
and l,l50-foot levels, but also ON the
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-07-18
HORNSILVER HAS ALREADY
GOOD PRODUCING RECORD

teal knowledge, having operated
Colorado. Arizona and Nevada;
he has the backing of people of means
who can and will push development
work and keep at it until they get the
results. This new addition to the list
of most promising prospects causes i"'
tense satisfaction here. :.
I ]. Jordan. known as Lucky
Jordan. has encountered some mort
oood rock in his lease, but information
REGARDING its value as shown by assays
has not been obtained. The McGowan
lease continues to improve, but tine
management are continuing to drift IN
accordance with plans laid out and moi
doing any side exploring.
The Hornsilver Leasing Syndicate
has reached the 110-foot mark and Is
prosecuting both ways, and 1t Is
thought a matter of only a short time
before one or both of the lodges being
sought will be encountered.
Harry Doll, who is in charge OF th'
Doll and Croxton lease on the oraho
Central. has uncovered some fine rocf
on Block II, and if the good showing
continues with depth, this ground L
going to be a shipper before long. III
n six-foot cut near his side line Doll go
rock running s1O7, and carrying 1904
ouuces of silver. He also has a lease OF
block 5 of this property, from which ~
has secured rock carrying 10 ounces
silver and IL per cent lead.
The workings on the Silvei
King continues in good ore, and values
of S64 are coming from the souti
erosscut.
The feeling that a mill or mills shout
be installed in this camp, is gamma
Roadway every day; no one doubts tina
more than sufficient ore could be pro
dueed. the water and power are avail
able, and now it is up to someone U
interest someone, impress on them tn
possibilities and then keep after ther
until the mill is secured, which, I
quote somebody, "is a eonsummatiol
most devoutly to be wished"
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-07-18

The Railroad Commission of Nevada.
VS.. The Tonopah & Goldfield Railroad
Company.
In the Matter of Proposed Reduction of
Passenger Fares on the Above-Named
Railroad.
On this, the eleventh day of July A.
d. 1908, in obedience to citation pre-
viously issued requiring the Tonopah x
Goldield Railroad company to appear
before the commission on said date and
show cause, if any it had, why the
passenger fares on said railroad should
not be reduced from six (6) cents per
mile to five (5) cents per mile the said
Tonopah & Goldfeld Railroad company
duly appeared, being represented by }.
w. R~einhart, assistant to the president,
w. d. Forster, general freight and
passenger agent, A. J. Lyon, auditor of
said railroad and J.. c.. Campbell, gen
eral counsel for said roalroad company.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-07-18

new 1,300-foot level there will be some
tall scrambling for the stock. When it
rises it is apt to rise very rapidly. Ell
Orc is a much better purchase now han
Esperanza or Camp Bird.
Greene-C ananea is stronger ON the
partial r%e-opening of the mine and
smeiters and the definite announcement
that the plant will be in full blast soon.
The Mexican Instruction seems to
be an unimportant affair and is causing
no uneasiness whatever on the part of
those who hold Mexican securities. The
trouble seems to be confined entirely to
the borders of the Rio Grande river in
the state of CoahuiIa. The few insur-
r%ectionary bands have been driven to
the mountains along the border and are
being run down and shot. The insur-
~rectionary feeling seems to have been
heads who c~riticise President Diaz for
encouraging foreigners to invest money
in developing the wonderful natural re-
sources of the country.
The wave of liquidation of Nevada
stocks has broken. Nevada banks nave
realized on security deposited with
them last year as collateral for loans
and the market for Nevada stocks now
shows a frmer and healthier tone. The
eastern public has small appreciation of
the enormous volume of stocks that
have been sold by the banks during the
months which nave elapsed since last
October. Last year there were million
aires a plenty in Nevada (stock GER
~titieate millionaires). now there are few
even of the stock certificate variety.
The Nevada operators were hit by the
slump even harder than the eastern in
vesting public because they had spread
themselves all over the state and were
unable to realize, except at great sacri-
fee, for the purpose of protecting their
u~nmarketable things when the necessity
arose. Now the slaughter is over and
good Nevada stocks should one by one
improve.
Copper is unchanged and copper
stocks are not largely in demand. Utah
Copper is an exception. Its wonderful
production record is beginning to tell
on the market price Utah Copper
costs are now only a little over ! cents
NOR nounl Tn n few mouths tha rise
in Utah will be duplicated by Nevada
Consolidated and Cumberland-Ely.
A leading authority points out that
railway equipment is wearing out and
before very long the railroads will be
forced to come into the market heavily
for the raw materials Thtn look out
for a substantial rise in copper and
steel and in the steel and copper stocks.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-07-18
AGENTS VINO SELL TIE NEWS

0E4x0 WI B6Ah 6AWs
ADRAIN. MCHIGAN-SSeager 4 smith ,ur stree,
BUCKSKIN. NEv-Mrs. D. w. Cron,- a., m nj, Su..
BUTTE. MONT-P o. News Stand, No. u w. Parks street
CHICAGO, ILL-P. Q. News Co. No. lis Dearborn Street;
CLEVELAND, OIL s.. Pushaw.
COLUMBIA, NEv-B. l. Barlow. ..-- x. M ,ns
DENVER, coLo...Ksndrick Book and Stationery c Rjcs o 10 i"n
Ell PASO, TExAS-F. r. Stanford.
G0iDFIEfD NEy-Louis Poin, corner Crook and Main: Fitchetts
Cigar Stand, Main street.; POstofhce Newsstand; n ava
corner Columbia and Hall: M e Balm -.
KANSAS CITY, MO-Yoma News Co. 9Th and Main Streets
Doubleday; Alexandria Hotel Bldg, 212 W. Fifth Street
Ramona Book Store. Sic S Broadway. -. g..
MINNEAPOLIS. MINN-M. j. kavanaush New stand ihro ."
MANHATTAN, NEv-North & Ferguson; J.. Connors & Co.
NEWBURRY, paw. II. Kunkle & Co.
NEW YORK CITY-Hotaing News Stand. Broadway n 18Th SITS,
No / Park Row.
OGGDENNsN UrAfLLowe Bros. NO ia 25h Street: W. A. Taylor.
OMAHA. NEB-Megeath Stationery Co.
PORTLAND, ORE-Oregon News Co. No. LAT 6nS reeI
RHYOLITE. NEv-H Livingston.
SACRAMENTO. CAL~-Amos News Co - So. p...,.v Me-.
Co, Cor. Market and Kearney: United News Co. liz Eddy
St: World News Co, 1925 Suffer ST.; Ferry Building News
Stand; Amos News Co.
SAN DIEGO AL-B. f. Amos.
SAN JOSE, CALA-San Jose News Stand. 13 n. First st.
SALT LAKE CITY. UTAH-Rosenfed Ludwig .,s.n.. ,.n,.
Acme News Co: Amos News Co; International News Agency.
SPOKANE, WASH-The Wide World News co, l17h EOS ST.
ST. PAUL. MNN-N. ST. Marie. So E Fifth St.
TACOMA, WASH-Central New Co.
TONOPAH. NEv-A- n. Rounseven.
RAWHIDE. NEv-Louis Polhn. Main Street Stand
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-07-18

H. J. H., Brooklyn. This paper has
repeatedly expressed itself in the mat
ter of promoters selling stock and not
working properties. Such raseality
caused the greatest injury to legitimate
mine promotions, and has done more
than anything else to diseredit Nevada
mining investments. And worst of all
is the fact that some of these people
are among the most prominent in the
camp in many ways. The party of
which you speak, promised to take over
the properties promoted by the firm
with which he was connected and which
has since dissolved and gone out of
business, but what steps he has taken
to fulfill the promise we have never
been able to learn to our satisfaction.
j. M. O'G., Duluth. The Kansas City
Goldfeld is working about 80 men on
its two leases, one on the c. o. d.. and
the other on the Velvet. The reports
that the company is "no good and
that it is ''not working are entirely
erroneous, and an injustice to a cencern
that is doing as much conscientious
mining as any company in camp, and
probably more than any other leasing
company. 1t has expended a very large
amount of money and done splendid
work.
r. H, Pittsburg. We nave the fol
lowing from the secretary of the Gypsy
Queen Consolidated, Tonopah. .sThere
is no work being done on our property
now because the funds are exhausted.
The property is equipped with a good
hosting plant and all necessary build
inps. The last work done consists of a
shaft 500 feet deep and several hun
bred feet of crosscuts and drifts. Sew
eral lodges were encountered showing
ASSAY values from 50 to SIC. The
claims are all patented. The company
is in debt about So, 800. As soon as the
market improves and treasury stock ear
be sold. work will be resumed
J. B. H., Nashville. The Quartzitt
Mining company was long ago MERGE
with the D~iamondfield, making the Dia
~mondfeld Black Butte Consolidatc1
Mining company, and we suppose that
the stock of the merging company par
ticipated in the merger. Write William
Erb. or A. s. Watson, Goldfeld.
H. E. R., Milwaukee. Work is prob
ably started upon both properties by
this time, as preparations were going
on last week. The Congo tunnel is 3
good prospective proposition.
J. F. Men, Los Angeles. There is
nothing doing by the company on the
} lease of which you ask. The lease has
; been given to other parties, we under
stand.
, ]. H. R., Williamsport, Pa. Write f
III. Moves, Sharon, Mass, and he vii
nave the stock issued to YOU.
; j. G. R., Bethany, Mo. Cut out OF
, your list Dixie, Katherine, Lou Dillon
; and Silver Pick Elk.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-07-18
Especial Correspondence.)

Especial torresponuence.)
Howard Russell, the custodian of the
Great Western and Silver King
.. ghosts brought them into town last
week, to the great delight of miner and
merchant. He has remained in camp
for the past week, and been busy In
connection with work around the vari-
Gus properties and leases. Mr.. Russell
has had occasion to remark on the
steady advance and Improvement on
the various properties, all OF which are
in better shape than when he was last
here. and that WASH so very long ago
either.
The east drift on the 200 level of the
Great Western has just about reached
the point below the winze, and the en-
tire face of the drift is in ore that runs
around $40 a ton. As previously stated,
only Is feet of upraising will be necesr
sarv to connect the Wine and level.
We have previously called attention
TO the fact that every pound OF ore
which has been shipped from the Great
Western has been rock taken out in the
course of development-that not one
foot of stopping has been engaged IN
When one gives due consideration tt
this fact. and remembers that the ne
receipts from ore shipments runs Owe
$4,000, he can get some conception OF
what a producer this property is going
to be when active and aggressive ship
ping is once inaugurated.
In order that the men may work will
convenience it has been necessary u
start another load of ore out, and 1t J
expected that it will reach Goldfel'
this week. The "%sample' carioa'
went out to Salt Lake last week, and /
being looked after by Manager j.. M
Russell.
A strike that has caused some excite
ment here was made on the Single,
lease on the Lime Point No. 8; in
shallow cut he has uncovered ore run
ning 1880. one-third of the values bein'
in gold. Mr.. Stingley is an engineer o
experience and a mining man of pra'
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-07-18

, 8. T. E. p, Princeton Perseverance
Velvet has shut down and the lease will
be forfeited unless the company soon
raises money. The Velvet people have
been very l%enient. (2) We have heard
nothing from the National Brokerage
company since they promised by wire
to return all money received from their
sale of Rawhide stocks on the install
ment plan. The office was moved to
New York almost Immediately after the
company was "organized,' and we
know of no way to get at the concern,
unless complaint is made to the post
cfiee authorities. (3) We believe the
other company, which put out the Per
severence Velvet and several other pro-
motions in which you seem to be inter
ested, is composed of honest and honor
able people, but they have had bal
luck. Some time ago, the senior mem
Der of the company lost his life in the
Goldfeld Hotel fire, since which time,
the company has seemed to lose its en-
ergy and push.
G. A. A. The reason the company
was not mentioned in our Handbook
was that its officers refused, or at least
failed, to furnish us any information.
The property is in Galena district,
Washoe county, but the Offices of the
company are in Kansas City. We could
not find out even where the company
was Incorporated, as it does not appear
as a Nevada corporation, nor a corpora
tion organized in another state, and
filing in this state, as the laws of Ne
vada require. We know more about the
property than the company, and this is
a Handbook of Nevada Mining Com
panies.'
w. s., Client, N. Y. The Douglass
} Mining company is capitalized for
: 100000 shares, 81 each; had 100000
shares in treasury at last reports.
| Owns IA claims, 224 acres, in the Doug.
lass mining district. Developing with
; two tunnels, surface cuts and shafts.
A mill is on the property. We have NO
very late news from that district and
cannot therefore give you the situation
t at this writing. The officers of the com
pany are John l.. Watson, president, H
/ L. Maynard, vice president, John
Moody, treasurer and Allen Benny, see
rotary; transfer office, New York City.
w. d. F., San Francisco. No work
{ being done on the Orc by company at
present, although it has been the inten-
tion to start up. Many have applied
|, for leases but none let. The ground is
regarded as among the best undevel-
oped in the district. (2) Nothing being
done on the Nevada Boy. Controlled
by Wingfeld and Nixon.
j. w., Seattle, Wash. The company
of which you ask has no mill, or prop
ertv to speak of, so far as we can fine
{ out. 1t is, as you surmise, ga company
in name only" as least as to the sore
reduction feature.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-07-18
MEETING EASTERN ASSOCIATES

Mr.. and Mrs. Geo. +. Coleman lelt
yesterday for Glenwood Springs, where
they will spend two weeks and AFTER
wards go to st. Louis and Philadelphia'
where Mr.. Coleman will consult with
his associates in the Goldield Big -Four
relative to future work on this prop
ertv. which is located in the
field section of the Goldfeld district.
Mr.. Coleman will return in the fall anu
enter upon another extensive campaign
of development work.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-07-18

Lewis Parkhurst of Tonopah visi,.a
Goldfeld this week.
George wingfeld is spending a fsw
days at Lake Tahoe.
Sheriff Ingalls, has gone to Los An.
geles, called by the illness of his wifi.
G. w. Poole: a mining engineer. is a,
arrival from New York City.
Congressman Bartlett was a visitor
from Tonopah this week.
Clint Gill and family have returned
from an outing on the coast.
A. A. Codd and A. w. Coote spent a
portion Of the week in Rawhide, look.
ing after their mine holdings.
George w. Leidy and George Barlow
were arrivals from Bishop, Cal, this
week.
Hugh Trenholm, superintendent Of
the Red Top mine, has returned from an
extended visit to the east.
CAPTAIN T. w. Webb is in from Ida.
where he is developing mining prom.
critics.
A w. Coote, of Codd & COote, has
returned from an extended visit to New
England.
Mrs. j. Casey Mcdaniel has been
called to California by the illness of her
husband.
The knights of Columbus defeated
the Elks Sunday in a game of baseball
TO the tune of thirteen to one.
A. b. Gibson, mining editor of the
Hornsilver Herald, visited Goldfeld
this week.
Professor Sanford Bordeaux of the
University of Nevada is here making a
study of the geological formation of
the district.
Jack MINIS has returned from Death
Valley. where he inspected a mining
property in which himself and J. L.
I Kalfus are interested.
Malcolm Macdonald of Tonopah was
in town this week. He was on his way
TO Denver to meet Donald B. Gillies,
, who is returning from Mexico.
Fannie Fields has instituted suit in
1 the district court against the Luning
Copper company for $1,000, alleged to
! be due on a promissory note.
Bert Missick was held up by a lone
h~iphwayman one night this week and
relieved of his loose change, amounting
to $3.50.
Deputy Sheriff Tom Cullom is in from
Rawhide, bringing license money in
the sun of $~2,12s.75. Half of this
amount was for gambling licenses.
= Suit has been brought by s. A. Ami
don against the Goldield Grand Trunk
Mining company for $21,lOO, alleged to
be due on promissory notes.
United States Senator George 5.
Nixon, president of the Goldfeld Con.
:, solidated Mines company, will formally
present his handsome new opera house
to the citizens of Winnemucca on July
18th.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-07-18
NEW OFFICERS

At the meeting of the Tonopah Bank
ing corporation these officers were
elected: President, George S. Nixon
reelected; vice president, George Wing
field, in place of John s. Cook; cashier
Eugene Howell; assistant cashier, R. G.
Moore; directors, II. c. Brougher, w. J.
Douglass, W.. J. Harris and Charles F.
Knox. +. A. Keith and John s. Cook
retire.
The report showed the bank to be in
excellent condition and its business
continually increasing.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-07-18
MoNrEZUMA CLUB VISITORS

The following guests registered dur
ing the past week at the Montezuma
club:
O. L. Hemming, New Haven, Conn;
M. II. Mix, Blair; w. d. Mangan, J. c.
Pyle. Butte, Mont; f. w. Gillett, Los
Angeles; F. s. Mayhem, San Francisco;
X. w. Hewa, ST. Louis, Mo-; q. ID.
Pecht, San Francisco, CAL; james Far
rell, Salt Lake City; Walter f. Trent,
Reno; John Erickson, Rhyollte; Z. y.
Moss, Los Angeles; A. B. Finch, Keno;
s. L. Kent, Philadelphia; c. Z. Knox
Oakland; l.. C. White, New York; ). NJ
Mendall, San Francisco; }. Nj. caDe'
Salt Lake City; R. Gordon CLANCY
Philadelphia; j. o. Schloss, San Fran
cisco.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-07-18

A bar of bullion weighing 80 pounds
and ! ounces was received at the U. s,
mint in this city yesterday from the
consolidated Mines company at Gold
held, the value of which was over se9,-
900. The bar is one of the largest vel
received at the local mint and as soon
as refined will be sent to the mint in
San Francisco. Carson Appeal.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-07-18
DEVELOPMENTS ON LEASE
IN COTTONWOOD CANYON
Especial Correspondence

Stimler, July 1.-THE new FL Dorado
Leasing and Mining company, in cross
cutting at the 10O-foot level for hiol
grade tale, has run into a large body o.
very rich quartz. 1t is eighteen inche.
wide and the assays average $95.17
Eight feet of the ledge averages SIG
Ore from this find is being sacked.
The tale is looking as good as eve,
at the 1OO-foot level. A carload ship
ment will be sent out this week. Cross
cuts are being run in both directions a,
the 20O-foot level, and, at the same
time, sinking is being continued.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-07-18

Fairview Eagles Leasing and Devcl-
opment company, which owns a lease.
hold on the Golden Boulder No. 2
which is known as the Elder lease, is
preparing another shipment. The first
carload ran better than 800 to the ton,
ms company is composed largely of
employees of the Goldfeld Consolidated
Mines company, embracing nearly the
entire Office force.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-07-18
MORE MINERS EMPLOYED
AND REGULAR DIVIDENDS

Upon leaving Goldfeld after his lat.
est visit, Senator Nixon is accredited
with saying to a newspaper correspond.
emit:
"As soon as the Consolidated com
pany's mill is completed the payment
of dividends will be resumed and more
miners than ever will be employed in
the properties