The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1910-02-26
In Line For Another Gold Strike

W yRlTING from New York City, a staff correspondent of the
w Denver Mining Record, in a lengthy article, points out that
" Cobalt and the various Canadian Silver camps have lost in
terest in New York and the balance of the American mining markets
that copper is beginning to decline as a great curb issue, and that the
time is almost ripe for a meritorious gold district to be exploited. 1t
argued that coppers re not dead vet, by any means. and that COP
per stocks may ever go higher than they have done, but that the up
ward limit has almost been reached to be followed by a gradual de-
cline and a transfer of interest from copper to gold interests. 1t is
their zenith in speculative interest. Cripple Greek is pointed out as
of greater interest and opportunity to New Workers than "any Ne
vada Camp" However, we may add that present developments in
Goldfeld stand a good chance of transferring the attention from Grip
pie Creek to Goldfeld. Comparatively trivial occurrences often cen.
ter the attention of the markets of the world on a mining district, and
it seems That Goldfeld is as nearly in line for a second great centering
of mining interest as is Cripple Greek. Says the Mining Record
writer, IN part:
What would be most welcome on the heels of the
present copper boom would be a spirited gold boom. This
is the psychological moment for the discovery of a new
gold camp. 1t becomes more and more in evidence that
Goldheld a $ a camp must take its place with the old min
Ing camps, must stand upon its actual production rec
ord, thereby eliminating the possibility of a period of
speculative interest such as would be possible in a new
camp.
In fact, it is believed that the opportunities of New
York interests are greater in Cripple Creek today than
they are in any Nevada camp. These possibilities would
hinge upon the plausiblity of a consolidation of mines
along the route of the Roosevelt tunnel at Cripple Greek.
Tha. such a consolidation is in prospect is generally be-
lieved. It's onsummation would afford an ideal prop
osrhon for exploitation upon the New York Curb, carry
ing with 1T a spirited interest in the various companies
to 80 into the deal and otherwise be benefited.
From conservative reports it would seem that the
new Canadian camp of Porcupine bears indications of a
forthcoming boom. If developments continue as earlier
discoveries indicate, here might be the ideal seat of fu-
tue interest were it not for the fact that the Canadian
spirit is not at this time in harmony with Broad Street.
The Canadian is a good gambler. He will bet a dol
lar any time that he can tell which shell the pea is UNI
der-provided you will let him see under the shells be-
fore he puts up his bet.
That seems to be the general opinion of the Cana.
dian as he is viewed In financial circles here. In a word,
the brokers have grown to believe that the Canadian
wants the New York man to create and maintain the
market; that they desire to take no chances. nothing but
the profits of the bull movement; and for each failure or
collapse in the market they would place the entire re-
sponsibility upon New York.
The New Yorker doesn t like to play this way He