The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1910-08-13

DO Extension rs the most popular STOCK
on the San Francisco Stock Exchange
today and has occupied that position
for the past two weeks. There are
other stocks that run it a close second,
but at the close of the days trading
it is always Jumbo Extension which
totals the highest figures. Everybody
with any money to spare is buying it..
For years Jumbo Extension has been
considered the most promising low
priced stock in Nevada, but as long as
Lockhart held control both investors
and spectators were afraid of his re-
tarding influence and refusing to touch
it. Less thar three weeks ago it went
begging at 26 cents asked. Today there
is precious little stock to be had at 81
cents. Offers are scarce, and when
they come the shares are snapped up.
On the call this morning 1000 shares
changed hands in the twinkling of
an eve.
The rail wanted the shares, the man
of the street was buying, and brokers
from the Stock and Bond and the
Grain exchanges were there bidding for
the shares. They halted at go cents,
but they will pay more later on. Bush
Street has a hunch the stock is due for
81 and any advance only tightens its
grip on the stock. The Jumbo Exten-
sion mine is in hands that can de-
velop it and make it gain the ranks of
the dividend payers. That is the secret
of the popularity of Jumbo Extension.
Jumbo Extension Worth 81.
On the Bush Street board there are
two brokers who grew up with Gold
field and know that district as only
men who helped make the camp can
know it. They are Tom Robinson and
Dick Colburn. Both declare that jun
BIO Extension, under the management of
Chas. s. Herzig, should begin to pay
dividends within "A short time, and in
that event the stock is easily worth
ST.. They describe it as the jewel box
of the richest ore bearing zone of the
richest camp in the country. 1t has
the location and it has ere enough in
sight to warrant ut least 81 a share for
the stock.
Orders for Jumbo Extension nave
been steadily pouring in from all the
camps of Nevada, and particularly
from G~oldfeld. Salt Lake has been a
buyer, and the East has been a steady
and consistent purchaser of stock. On
Bush Street there are many who have
already taken their profits on the adj
vance, and then repented, to buy more,
in the confident belief that the stock
will continue its upward march.
Zadig & Co, Banan Brothers, Shaw
Brothers, X. l.. Colburn, Tom Robinson
and Charles LANG nave all been heavy
traders in Jumbo Extension. They
state that they have large standing or
ders for the shares which cannot be
filed at .the present price of 81 cents.
The supply at hat price has practical
ly dried up and bidders win have to
go higher.
However, it must not be supposed
that Jumbo Extension is distinctly in
a class by itself. 1t is strong, but the
entire market is strong. There is good
buying in all the big leaders and in
most of the low priced gold stocks. Thu
buying comes from all quarters of the
country and does not mean any local
revival or temporary furry. The ad
vance has been steady and is due to
many causes operating together tow
ard the same end. One of these is the
slump in copper Another is the long
series of achievements of the mines
themselves-those of the T~onopah-Bel-
mont, Goldfeld Consolidated, Nevada
AVE been various changes in manage
ment that have strengthened the shares.
Mergers AVE been formed, notably
that of the Coalition and Queen of Raw
hide and of Fairview Eagle and Ne
vada Hills. These have assisted in
strengthening the market.
Entire List Shows Strength.
Today there is a good demand for
Blu Bull at 6. Kewanas is much in
demand at s, an advance Of 3 points in
two weeks, and is firm at 8 bid. Silver
Pick stands at the same price. Allan
ia has picked up 4 points, and there is
no more stock to be had at Is. Booth