The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-10-31

r. +. D., Peoria, m.-We have
ceived the following official informant;
regarding the Nevada Goldfclds Ma
ing company:
"Late last year the shaft on u.
Peerless group, in the Goldfeld dis.r;..
was d~eepened and timbered, but NO
of shipping grade found. The eomn.,r
is in receipt of final patent papers q.
the Peerless, Peerless No. l and Pa.
less No. 2, amounting to 60.246 acres
"a test was made on the ore at sa |
yer Peak, showing about 500 a ION
which was lower than expected. owiDa
to the spotted character of the ore a.
depth was gained. The new inclino /
shaft on this body encountered a fap,, 7
in the formation, which threw tho /
values almost entirely out of The veir
and squeezed it down to a Maroon
streak. The vein showed a tendepev
widen at the bottom of this shaft. with |
better assays for silver than above
This property is also patented and final
papers received for the Silver Pick ana
Silver Pick No. 2 lode mining claims
a~ggregating 1888 acres.
"Owing to the panic, work was sus.
pended, and during the subsequent do.
preston WI were unable to do any fur. |
Their work on the properties, owing to
the fact that subscribers, most of whom |
were paying on the installment plan At
that time, failed to continue payments
for stock. The company, however. IN
in good shape; there are no debts. and /
a small amount of cash in the treasury
The company also has about POO. 1000
shares, which will be sold for further |
development of the properties when
market conditions get good again"
As previously reported in these col
umns, the Nevada Goldfelds Mining
company owns the Peerless group of
four claims in the eastern portion of
the Goldfeld district of Nevada. and
the Silver Pick group of two claims in
the Silver Peak district of Nevada. Al
the time of our last report, receivers
receipts had been issued on all except
one claim, but operations were then sus.
pended on account of financial condi.
tions.
B. L. D., Glen Falls, N. Y.-Your
question is partly answered in our an.
swer to l.. II. c., The Dalles, Ore. '.Whv
is a leasing stock that is raising $4,000
per day, quoted at only 5 cents on the
exchanged" Perhaps the stock buying
public does not believe in the property.
and the ~permanency of its ore body
Perhaps the $6,000-per-day ore lasted
for only a few days; perhaps the lease
has only a short time longer to run;
perhaps the people do not believe in the
management; perhaps they cannot find
out the financial status of the COMPANY.
and how much money is on hand, how
much stock is out on the market, and
what is the dividend policy Of the man.
agement. Some stock companies are 50
close-mouthed and run their properties
so much as if a family affair, that the
people hold them under suspicion. Ger,
tainly some of these reasons, or those
in the answer above referred to apply
in the particular case to which you di.
rect our attention, but we canaot state
just which reasons apply For ourselves,
the conditions Of the lease would seem
to warrant higher prices for its stock.
We might add, that there is not enough
money in the local market to put prices
up where they belong-not enough to
go around; but we know of lease stock
that is not producing a pound of ore
that is selling for more than the stock
You have cited, ald the anamoly is not
easy to explain.
G. w. E., San Francisco.-Think the
stock a good purchase for a hold. No
work being done at present, but com
pany expects to start up soon. The
management is good. The ground IS
regarded as promising, and SOM day,
when the mill charges get down 50 that
medium grade ores can be treated at a
profit, the Adams will be a producer.
Anyhow, if the market moves up, as Is
expected, Adams should be among the
first to respond.
o. T., Crookston, Minn.-The Hand
book of Nevada Mining Companies, IS
what you want. 1t contains data on
$500 mining companies doing business
in the various camps of Nevada, with
capitalization, names of officers, aa
dresses, names and location of claims
etc. Published by The Goldtieid News
price, 81 per copy.