The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-06-26


to correct all the false reports
in eastern papers regarding CONSOLE
dated and other Goldield stocks. We
cannot prevent eastern stock jugglers
from inspiring bear reports or bull re-
ports that are unwarranted in fact.
You ought to know enough about the
methods of Wall street and other mar
kets to appreciate that brokers are as
conscienceless a bunch of highwaymen
AZ ever robbed a stage coach or scut-
tied a ship. They will publish what
ever suits their purpose. Neither the
Boston Commercial nor the Boston Bull
letiu has had a man under ground In
the Consolidated-at least in the past
six months, and they must have gotten
their information from some inspired
source; and the so-called investment
papers of the east, we nave found out,
are not above taking a fee for the use
of their columns Now, the Clairmont
shaft was not put down with the ex-
pectation of cutting an ore body. IL
was put down as a great central work
ing shaft from which to develop the
surrounding property. The shaft was
naturally put down at the most ad-
vantageous point for working out this
plan. The shaft happened to be suns
where no ore was expected, or at least
where no ore bodies had been located,
and ore was consequently not looked
for in the shaft, and it has not been a
: disappointment" therefore,. Lateral
! work is going ON from different depths
r in the shaft. AS to the speculative
/ value of the stock we are not prepared
{ to give an opinion. Mining investors
: as a rule consider a mining stock
should pay 20 per cent as an invest
/ ment, On this basis Consolidated
e should sell at 81. This is on the theory
n that the average life OF dividend pay
e ing mines is five years. But Consoll'
d dated is an exception and has more
o than five years ore blocked out. Al
5 a speculation Consolidated might bs
5 worth more or less h its present
c selling price, according entirely hoN
it is handled on the market. Some
stocks during the boom period in Gold
n neld sold for as much as Consolidate,
is now and they had never at nat time
e produced as much as $4,000 worth Of
5 ore.
t J.. b., Los Angeles Crackerjack IL
S being worked under longtime lease
r Big body of milling grade ore. (2) III
Ives being worked by lease and nov
s and then good pocket of ore. (3) n
Hills is regarded as good acreage
at one time was being exploite
~ieasers, but nothing much uoing
iy. (4) Lone Star has had one
--A-eqeas&ioa up so4eseAtays
- body of ore was reported, but tn
ayers Of the lease suddenly del
tor reasons that can be Leaf
Goldfeld. (5) Homestake Hi
y Bulifrog is shut down. Mill was
'e but the ore, like the Gold Bar dJ
< seem to hold up and operations
J. not profitable. Internal dissenth
a also. (6) National Bank has some lea
lie ers who are taking out high grade or
$. in spots near the surface. "a Notf
r ing doing to speak Of on the other Bull
re frog properties you ask about. Pleas
" don't ask about so many companie
er hereafter and we can give you fulle
N data.
1t l.. G. B., oregon City, Ore.-Th
ID proper name of the company is tn
Steelite Safety Powder Company, Inc
Sc with main office at 600, Pacific build
" ing, San Francisco, Moritz Stach vo
is GoItheim, president; M. 7. Stach vol
r Goitheim, secretary. The Goldfei
e. representative is William Hoffman.
j. F. s., Veterans Home.-Th
h Pride Of Gold Mountain is about 1
ID miles from the Nevada Empress an
r. four miles west Of Horn Silver.
IS q. p. A., West Point, Oregon.-D
rs not know what company you mean b,
the s. w. d. Co. Please be a littl
more explicit.