University of Nevada, Las Vegas

Goldfield Market Letter, Dec. 31, 1906, p. 2

Full Text

There has been a slight reaction in prices during the past few weeks, which is accounted for by reason of the holidays and the heavy snows throughout certain parts of Nevada which has largely hampered work as well as isolated outside camps. Telegraph wires have in many instances been down. The present reaction presents an opportunity for investors and we hope a great many of our clients will get in on a few of the good stocks and take advantage of the boom which we believe is sure to follow during the coming month. The wealth of the district is certainly well established and in many instances the prices quoted on stocks are ridiculously low. Most of the great mines of the Goldfield district have been opened up and developed by leasers and we believe that a great many companies, especially those owning well located property and also having a lease on some one of the known mines, should be bought before development places the price of their stock beyond the reach of the average investor. We mention here a few stocks, the purchase of which we can recommend to our clients. Their properties are rapidly developing into good mines and though they have not as yet attained the necessary depth to reach the sulphide zone, yet the small stringers encountered are evidence that it is only a question of a little depth to expose ore bodies which will cause the prices of their stock to advance rapidly. All of these properties have the best of management and any one of several causes may at any time send their stocks to several times present prices. GOLDFIELD RED KING MINING COMPANY Capital stock 1,000,00 shares. Par value $1.00 each. Full paid and non-assessable. 500,000 shares in the Treasury. This company owns outright with perfect title, the Lady Elgin, Lady Elgin No. 2, Dunbee and Matchless Lode Mining Claims. A total of 75 acres in section 11, one mile south from the town of Goldfield. The company also owns a lease on two blocks of ground owned by the Florence Mining Company. This lease is equipped with whim hoist and has its shaft now down to a depth of 135 feet. An 18-inch vein has been encountered in the bottom of the shaft that gives an average value of $12.00, with rich stringers on the hanging wall that runs as high as $130 per ton. The rich sulfides which carries the high values that have made Goldfield famous, may be broken into on any round of shots. High grade ore is being produced from several leases which practically sur-

Pages

 

 
Title
Goldfield Market Letter, Dec. 31, 1906, p. 2
DC Type
Language
eng
Is Part Of
http://digital.library.unlv.edu/u?/dig,4
Rights
To purchase copies of images and/or for copyright information, contact University of Nevada, Las Vegas Libraries, Special Collections at: http://www.library.unlv.edu/speccol/
Digital Publisher
University of Nevada, Las Vegas Libraries
Digital Collection
Conversion Specifications
TIFF scanned at 600 dpi on Epson Expression 10000X using EPSON Scan Ver. 2.94A
 

Cite this Item

When linking to this object, please use the following URL:

http://digital.library.unlv.edu/u?/snv,3835

Tags

Comments

Subscribe to recent comments

There are no comments yet. Be the first to comment below!

Comment on this object
 

University Libraries, UNLV, 4505 Maryland Parkway Box 457001, Las Vegas, NV 89154-7001, (702) 895-2286

© 2009 University of Nevada-Las Vegas. All rights reserved.

Institute of Museum and Library Services