The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-02-06

4, I. G.. st. Louis and othors.-The n.
sessment work for the past year ha.
been done on all Sullivan Manhat,s,
properties and they are in good stand
ing. There has recently been Der.
fected a deal between the receiver ia,
the State Bank s. Trust company ana
the broker creditors of the Sulliva,
I Trust company for the handling Of
these properties and the stocks held br
the State Bank & Trust company !,
escrow for the creditors. The propertie,
and stocks are to be handled by a TINS
tee. which we believe will be Mr.. N
Schceline of the Scheeiine bank a.
Reno. He will be directed in his eourse
by the committee representing both The
brokers and the State Bank X TINS,
company. 1t is the intention to kt
leases on the various properties and IA
begin an active campaign of develop
ment. This should strengthen the,e
stocks. The Manhattan properties are
under five years. lease to a Mr.. Peter
son, who erected a mill in Manhattan IA
reduce the ores of Jumping Jack, In.
dian Camp and Stray Dog and is alsa
doing some work on As You Like II
At one time there was talk of testing
the validity of the Peterson lease, there
being an impression or belief, founded
ON more or less trustworthy informa.
ton, that Hickey of the State Bank 1
Trust company was interested in the
lease, and practically let the lease Of
all the eompany's Manhattan properts
to himself. Lately we have heard moth.
ing of this and it is possible the matter
has been passed up.
j. G. W., Pasadena.-We believe the
Rawhide stock of which you ask worth
the present market price. 1t is a good
speculative stock, moving constantly.
and will prove a good investment, We
believe, when mills are running in
Rawhide to treat ores on the grounI.
(2) Nevada Hills is a good buy at pres.
emit prices for a hold. This COMPANY
also will have to have a mill before it
gets the best results. Its high grade
can be shipped to smelter at a profit
but it has an abundance of high mill
grade ore that must be treated on the
ground to get a good profit. (3l The
slump in Goldfeld Florence is due to
the report that has gone abroad that
the next dividend is in jeopardy. An
annual statement published last month
showed the company to have abort
100000 on hand, and comparatively
nothing coming in from leases. In the
meantime the mill has been running on
dump ore and could not have been max
ing much of a profit because of the low
grade, and the expense of mine and
mill has kept up. The spectators
have sized up the situation and think
that it is likely the Florence will pass
its mex dividend. But there are sew.
eral weeks yet and time for a good
surplus to accumulate, and no one can
tell at this time what will happen at
the next dividend paying time. Our re
ports are that the mill is working salts
factorily, and that soon another unit Of
20 stamps will be put in commission.
The company is all right and so are the
mill and the mine, but they are going
through a lean place, just now-''bs-
tween hay and grass as the saying is
E. p, Ccldwater, Mich.-C. o. D.
Consolidated is better for a speculation
than either GoldfeId Consolidated or I
Florence Goldfeld. The latter two are
investment stocks, and we do not ex
poet to see them sell a great deal
higher. On the other hand the G.. c. D. |
Consolidated is in the "hey-day" of its |
career, and if present indications couai
for anything, that stock will gain d
hundred per cent in price before
either of the others goes 25 per cent
higher. Goldfeld Consolidated is sell
ing for all it is worth on present show
ing. Florence is a better buy at pres
ent prices than Consolidated. Prefe' (
any of the three to the fourth stock
mentioned.
O. P. B., Pottstoun, Pave do mol
Know the exact status of the Keane
Wonder Rickey-State Bank mix us. 1t
was thought at one time that Riekey
would sue the mine on a note or over
draft, claiming that he and not the
State Bank had a large loan against tn
mine and he threatened to take the
mine in under that loan. The matter
IS IN court in one of its multifarious
phases. The mine itself is all right
not a great mine, but a good little pro
ducer. The cyanide plant being ID
stalled should start up shortly.
w. M. B., L~ewisburg, w. va.-Th
Columbus ee-Jackson company owns
large acreage just south of and a liar
east of Goldfeld TOWNSHIP. Nothing -
speak of has ever been done on tpe
ground and no prospecting in u.
n~eighborhood to determine the value "
that general locality. None Of 'e
other claims you speak of are indexS