Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1912-10-03

know that the conditions which pre-
vail now are infinitely more salts
factory TO them than those which
prevailed 10 years ago. when they
were importuned to purchase mining
shares but were never able to find
a market for them after once having
purchased them. To my mind, if
there is anything which has con.
tributed TO the Improvement of the
mining speculation or mining invest.
ment situation at the present time
II is the fact that public markets ex-
isl for most of the decent mine Sc
curities. thus creating a survival of
the fittest" situation, whereas the
old way was lacking Of such a dis
tinction in every respect. Tonopah
Mining has suffered marketwise sim
ply because the proposition has been
liquidating one for many years,
and IL can be generally said at the
present time that the Tonopah mine
has lived much longer life than
anyone ever gave 1t credit for five
years ago, when II had betrayed the
first signs of having reached its
maximum earning possibilities. The
company today has a remarkably
we'll stocked cash treasury reserve
and has a considerable amount of
ground in Tonopah which has never
been prospected which still possesses
possibilities, while, with the com.
pany's cash il ought TO be an easy
matter TO secure other properties
eventually in which to continue the
life of the corporation. If the mar
ket price of the stock has declined.
II has been due to general realiza.
ton of these facts. and while ii is
unfortunate that stock traders should
concentrate their attack on this prop
erty from time to time, it is con.
dition so many thousands per cent
better than il no market for il at
all prevailed that it is a great deal
better to take the market with it's
faults than no market at all with a
great many more faults.
Tonopah Merger
Now that some definite information
has been obtained in regard to To
nopah Merger the stock has been in
clined to do less marketwise, and
having anchored itself at fractionally
above the dollar mark has seen fit
to remain there. This would go to
show that the great market moves
occur in anticipation of result
and that when this result is actually
achieved, the stock to the discern.
ment of many, is apt to become dun
and inactive, simply because il has
largely discounted all of the favor
able developments which have sub
sequenty occurred Tonopah Mer-
ger has actually opened up ore in
Two places. at the S30-foot and the
970foot levels. while the crosscut
which was being run TO tap the
vein on the l0S0.foot level is expect,
ed to be In ore at most any time
II q satisfactory showing is opened
up at that depth il will mean that
commercial ore has been opened up
for a depth of at least 400 feet.
which win give the proposition
substantial reserve from which to
mine for some time to come Tono.
pah Merger is quite likely to sell
off now that II has become quiet,
and II it goes down TO around 90
cents again It ought 10 be picked
up Tor another quick turn
North Star
North star temporarily displaced
ronopah Merger during the course
OF the week as the most popular 81.
cnrity traded IN on the local market
which is devoted 10 the Nevada
shares North Star sold up as high
as q cents from recent low OF
soc, having 10 an tntents and pur
poses doubled IN value within fort
nights time The reason underlying
this Jump Ia North star is due TO
the fact that permanent vein Of
ore has been opened up Ia the prop
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