The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-07-11

w. Z. D, SCHENECTADY, v. AZ
News publishes the mining quotations
for the Friday before tine day of issue
Saturday. The quotation any one
day for an inactive stock does not nee
essarily make that the market. Brokers
are a clever lot and nave a way of max
ing quotations on stock, high or low as
they chose. A broker may want to buy
or sell, but he finds no one on the foor.
on that particular call who wants to do
business in that stock. If he wants to
buy, he will probably offer 20 sell at a
price way under the market to get fav'
orable quotation for the next call. Con-
versely, if he wants to sell, he will bid
il above the market 50 as to get a good
price when next the stock is called.
Brokers have more than one reason for
making quotations above or below the
market, especially on inactive stocks.
We have investigated your case, and
find that while there have been quota
tions made at times considerably at
variance with the real market, no
trades were made AT those prices and
that the transfers nave all been made
at prices ranging between two and
three cents.
L. E. W., Topeka. If you bought
Goldfeld Diamond "upon the good re,
ports of The Goldfeld News, Tonopah
Miner and the officers of the company
as you say, it must have been long be-
fore the present management took over
The News, for we see in our Query
column, on the 18th of April, 1906, that
there was little or no work done on the
Goldfeld Diamond, and that the Tono-
pah and Goldfeld Trust company,
which backed the enterprise, had moved
to Gold Center and apparently aban-
doned the property. We do not know
what reports" the company is put
ting out, nor can we get at its financial
condition, as no one about here seems
to know anything about it. The prop
erty is in a good location.
M. B. E., Berwin, Ill. Almost any
time is a good time to come to Goldfeld,
so far as climatic conditions go. Our
winter just past was superb. Not a day
that was to cold or too snowy to prevent
work on the mines. 1t is pretty warm
lust now, but there is no suffering from
the heat, as there is in the east. The
air is dry and rare, there is no moisture
in the soil to hold the heat and the
radiation is great; so the nights are
deliciously cool and covers must be
used for sleeping. Midnight is from
20 to 80 degrees cooler than MONDAY.
Despite the general belief about this
desert country, there is not a more
healthful or livable climate through
the middle zone.
E. T., San Francisco. There is moth
ing doing on the %Conqueror just now.
A lease was let recently, but has not
begun work as yet. No news of inter
est about the other companies you ask
about. They neglected to furnish asked
for data, and hence did not appear in
our recently issued handbook. Some of
them are not even to be found in the
records of the secretary of state. The
law requires that companies organized
in outside states to operate in Nevada,
must file their articles of incorporation
in this state also, but many of them
have not lone so and therefore have no
legal standing in Nevada.
@. H., Philadelphia. The Eagles Nest,
Fairview, is regarded as grood prospec-
tive property, but the company had
hard luck, through the suspension OF the
backing its operations. A leasing com
pany operated a block of its ground,
for a time, but ceased work before
opening up any ore of grade high
enough to ship. The Fairview Eagles,
near at hand, is shipping good ore.
G. J. NJ, Philadelphia, Pa. The Man
battan Standard has lone no work other
than that required by law, for some
time. The treasury is out of funds, and
the times are not propitious for selling
treasury stock. The property is SPLEEN
didly located and developments in Man
haitian are constantly making the prop
erty more valuable.
Mrs. J.. e. d. Never heard of such
a company as the Goldfield- Goldields
Mining company. Send us what facts
you have about the company, and where
the office is located. No such company
has fled incorporation papers in this
state. so far as we can find.
N. 4 p. The lease on the Velvet be-
ing operated by the Associated Mines
company, has a very good prospect Of
"making good
@. NJ, Dunsmuir, Cal. The Mohawk
Consolidated lease on the Mohawk has
been forfeited and the company is ON
of business. (2) Don't think much of
the Rawhide proposition you ask about.
@. r., Stockton. Cal. Last weeks is
sue Of The News will give you what in
formation you want about the Goldield
Kewanas.
+. H. w., West Bend. Wis. Have no