Los Angeles herald., 1908-05-31
Our Market Letter
Los ANGELES, Cal, May 80, 1908.

O@f''
The market the past week has been ex-
tremely soft some of the stocks hitting the
lowest levels they have ever reached Inc
fraud perpetrated upon the stockholders OF
the johnnie Cons. has discouraged local IN
yestors In mining stocks While the Bonnie Bonnie
Glare receivership episode and the fellu[e
OF the Daisy Extension and Mohawk Jr, 10
locate high grade ore, after spending II Aoi
tune in core drilling, has had very ue-
nressinE effect upon Los Angeles investors.
Conditions throughout the United states
seem to be similar to those locally =,
The Pittsburg friends OF CharIes M.
Sohwab claim they were hahueo ieii0H ~
II Is generally believed, however, that the
report that the finds on the $50 ana oVo-
foot levels of the Tonopah Fraction was
fake is untrue ,.
In Goldheld there is considerable activity.
Tn the Combination Fraction ore is being
extracted from the 46o-foot lever; =.
The Little Florence shaft Will soon Dc
down 1000 feet ..ooo
The Big Four claims a strike of $1,000
ore at 210 feet . 4.
The Waterman lease on tne uS.o. ". Ii H,oie
now producing and the leasers are on Vel.
vet sandstorm looks like a big snap at
present prices. 49,, ,,,.,.o
Teasers are very active on the Florence.
1Iowever we look for Florence to sell htty
otrts lower than present quotations, and
advise our clients to all get in ana ouy
around $2.50. 1890, ..,.. .oaay
Francis
rhora Today it's 15c bid. This company
bas approximately soc cash in the treasurE
FOR each share of stock now outstahuHs.
rbare is considerable improvement IN tiIe
,.ahat+an mining camp although Manhat-
tan stocks are dead but for this very reasoh
they should be purchased. ,.s.n. =,
Manhattan Consolidated mine is prouuoine san
ore as rich as $4,000 to the ton; mas w.
oae @ ." ,,,r,snt and is considered a proved
nine Nevertheless you can buy the s'ooN
around 10c a share. 1..an has
changed management ana wiz 0e ''
and a concentrator instaleu. ~. oana.
retarson is preparing to double the capa
citv of his big ten-stamp mill ana Will "iS
install sampler -,.. o,a from,
,,nsar have inspected Manhattan camp anu
pronounce it one of the best minus Ia,e n,Is-
in the country, and Will lnstaii i"t
toms mill and sampler D.,,
mba Miner -Maclaren Leasing and MIN
,na cornnany has obtained two years lease
on blocks and of the El Aasel a.
tion company's property n o,t thirty
now 110 feet deep and cross-cut t.i w ~ =
a. ,eef Machinery has just arrived on tlie
Ground for a twenty horsepower saSoatn ntn
boist air compressor, drills, eHhauseei' M, -
"a 1,ilI go right after the hlgh- graue'
az an, 80 ontions on a lease on the Ionopah
Iractiop and on the Manhattah-W w isooi s
The Tonopah Fraction company nus ,,iI
two years lease to r. A. Watson wa" E1oat
o,nmence work on the first OF june a
,',aiIt, decked with gold has been louhu
the Tonopah Fraction, and IL Is
,acted some very rich strikes Will pc naoo
by the ieasers within the next sixty IA aays fa,
we predict big boom in Manhattan ,nls Is itn tbe
rha man who takes a flyer on some VI ene
Manhattan cheap stocks will make Kllliils,
We advise our clients to keep their eyes ssoun ut,
the market this summer and pick up as naias MAN.
hargain stocks as they can carry. because
mining is TO have big revival this ran. Inose s
who remember the fortunes that We're mace III IN
Csoldfield stocks, and get in While STOCK is sen
inc for little or nothing will probably live on
.seasv street. for the rest of their ives
DON'T buy blindly, but before buying STOCK
Investigate the company; learn the capitahza
bediy managed corporation, owning good
ground would make the stock worthless. Invest
your money. but do not invest it carelessy.