The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-09-12

"The result is that, aside from a few
leasing companies that are still in pro-
cess of financing, Rawhide stocks are
only to be had in the open market, pur-
chases to be made on competitive bid
ding, with ore showings increasing so
marvelously that little stock comes from
cover even under the temptation of
profits of from so to 120 per cent.
"3. Local Buying-Nevada and Cal
ifornia know best the interinsic merit of
Rawhide' IS bonanza mines. The news of
sensational ore discoveries has been
more extensively published in these
states than elsewhere. And in Nevada
and California there is a vast public,
experienced in trading in mining stocks.
This public is quick to recognize merit.
BY long experience it knows that the
big profits on mine stocks are taken IN
the period between mine-proving ore
discoveries and dividend payments. 1t
is in this period that speculation runs
highest, and Nevada and California,
since Rawhide proved her mines by ire
mendous ore discoveries, have ad-
dressed themselves most energetically to
the work of buying Rawhide mine
stocks while they were still to be had
for Goldfeld prospect prices. The press
ure of this buying, the scarcity of stock,
and the magnitude of ore showings has
sent these leading Rawhide issues rock
citing toward high places, and now
comes the pressure of
az. Eastern Buying-The East is
days and weeks behind the West IN
yielding to new influences. 1t takes
longer for important news to gain dis
~semination in that section. The public
there, more remote from the mines, is
more skeptical, more cautious, more in
%sistent upon complete demonstration,
and, therefore, slower to start buying.
Besides this, the Eastern buying public
is largely swayed by brokers to whom
it gives it's patronage. Many of these
brokers have their favorite stocks; each
one trying to push his pet issue, and un-
til he has exhausted the possibilities of
that issue, he ignores new stocks, and
especially new stocks in new districts.
Out of hundreds of Eastern brokers,
scarcely two-score have interested them
selves in Rawhide. All the others are
busying themselves with their favorite
stocks, closing their eyes to Rawhide s
profit possibilities, and advising their
clients to hold off. This is the charac-
~teristic procedure among these brokers.
They hold themselves aloof until forced
by their clientele to get into the new
issues. Then they become vociferous,
and it usually happens that their advice
to buy is given when prices are at the
top. But when the East starts to buy,
prices must go up, because once it
starts, the East buys at a terrific pace,
and in enormous blocks. The East is
beginning to put upon the market for
the leading Rawhide issues the pressure
of its buying orders, and this pressure
will be more than sufficient in itself to
send the stocks on greater advances
than they have yet made.
eve have, then, these four causes
contributing for enormous profits in
Rawhide Coalition, Rawhide Consol-
idated and Rawhide Queen:
81. Mine proving ore showings.
which spell intrinsic merit.
"2. A scarcity of stock. When de-
mand exceeds supply prices must 60 up.
"3. Eager local buying. This is al
ways educated buying, and an educated
public does not stop at high prices until
its demands are met.
"a. Eastern buying. The inexhaus-
tible resources of the East exert an ir-
resistible influence for high prices once
their pressure is applied.
"The lesson is this:
"Buy Rawhide Coalition, Rawhide
Consolidated and Rawhide Queen with
out delay.
"Both Rawhide Coalition and Raw
hide Queen are listed on the San Fran
cisco Stock Exchange Board, and are
traded in on the New York Curb. Or
ders to buy should be given at sthc
market And they should be given
without delay, for the market is adj
vancing daily. Today Coalition can be
had at 90 to 55 cents, and Queen at
IS cents. Rawhide Consoli-
dated is as yet to be had only on the
Reno curb, the prevailing price being
As cents a SHARE