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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (Feb. 26, 1905)
15 STOCK MARKET EXCITED Downing, Hopkins & Co. Established 1893 WHEAT AND STOCK BROKERS Room 4, Ground Floor Chamber of Commerce UTRO CO. MIM VIOLENT SPECULATION. IN PA CIFICS AND TRUNK LINES. Trading Based on Rumors of Merger of New York Central, North western and Union Pacific. -THE SUNDAY DREGONIAN, PORTLAND, tkUARY 26, 1905. s JfEW TOHIC. Feb. 25. The stock market waf thrown Into excitement again today by vl&lwit speculation in the trunk lines and Pa cific railroad stocks and there wan a lull re viral of the tipeculattve enthusiasm of the earlier part of the week which was chilled by the break of Thursday consequent upon the feverish movement in the Southern Iron stocks. A Rlanee at today's sales list will disclose how highly congested were these operations In the few speculative leaders of the day and a etudy of the day's net changes reveals that the emotional phase of the trading was not o overwhelming as to preclude a thrifty dis position to take profits on a very large scale in numerous stocks. Humors and Intimations have circulated for tnany weeks in Wall street that the control of Ihe New York Central, Chicago & Korthwest rn and Union Pacific was being worked out to a. condition of perfect harmony, if not of Identity. Tho belief In the substantial base of the central project pointed to by this cloud of rumors was the professed basis for the excited buying today of the stocks concerned. Tho new variation of the story was the in clusion of Pennsylvania in the benefits of the project by an agreement with New York Cen tral for the division of spheres of operation. It will be seen that In its general lines this report follows existing relations among tho properties concerned. The consequence of th moremont was a price during today's trading of lGOfc. for New York Central. 144-4 for Pennsylvania. 167 for Union Pacific and 240 for Chicago & Northwestern. There are gains elsewhere In the list reaching a point in some cases, but there are alto small declines as the rreult of the heavy realizing of the day and Union Pacific Itself closed unchanged from last night. The bank statement was regarded as favor-U- and rallied the market from Its consid erable reaction, but the closing was Irregular. The total sales of bonds today were, par value. W.110.000. The speculative spirit has run high during the week notwithstanding the interruption of the mid-week holiday. The buoyant closing on Tuesday was taken up on Thursday morning and the market showed many signs of the growing share In the trading by the outside public. Hopes were lifted of a speculative boom, such as is brought by a widespread craze among the population at large, infected by an enthusiasm to buy. Ordinary considera tions of Intrinsic values and calculations of relative values or technical conditions baFed on preceding rises in prices make for little when such a spirit Is thoroughly aroused, and the stock market world enjoys a harvest period. The stirrings or this spirit in this week's deal ings have been suggested by the lack of actual news or the Ignoring of unfavorable news which has characterized some of it. The violence and extravagance of some of the jnovomonts reached such- proportions as to beget suspicion and uneasiness and the result -was a chock and a setback on Thursday, which had the effect of quieting the excitement and Inducing a more rational state in the market. Attention has centered largely on the group of Southern iron and steel stocks. The con vulstve movements In these stocks have been caused by the working out of a plan to secure control of the properties and to merge them. The actual details of this plan and the steps towards its accomplishment have been obscure and subject to much conflicting rumor. The counter claims put out from time to time led to the fear that they were based on purchases from speculators who were not In possession of holdings to be delivered; in other words, that a corner had resulted with a large uncovered short interest In the stocks. With the vivid recollections of the effects upon th market of the Northern Pacific corner, it was natural that this fear should weigh on the market. Other centers of special attraction wore Union Pacific and Ontario & Western. both of which were subjects of rumors of Impor tant developments to come. These rumors were not confirmed. The Improved position of the banks caused fey last week's loan contraction was made ttaf motive for some of the buying. But the cwurtc of the money market during the week was toward closer conditions. While the for eign demand upon our gold reserves has ceased. the course of the Interior exchanges makes It evident that the current of the domestic movement of money Is changing against New York. Requirements on the money market have been large. Payment of the subscriptions for the $75,000,000 of Southern Pacific bonds to be made on Monday next affected the money market towards the end of the week in the preparation. The rumors or negotiations for peace between Tluesia and Japan which prevailed early In the week wore a reflex Influence from foreign mar kets here, as was the later disappointment o-cr their discredit. Announcement regarded as official was made from Washington that rail road rate legislation would not be under taken at the present session of Congress, and that any calling of an extra session for that purpobC would be deferred until Fall. Rail roads were most affected by the unfavorable conditions resulting from the" stormy weather. Bonds were less active and Irregular. United Slates 2s advanced the 3s U and the new 4s hi rw cent on call on the week. STOCK QUOTATIONS. Closing Sales. High. Low. bid. Atchlbon 13,000 1 SDTi do preferred Atlantic Coast Line.. 2.00 124: 122"!,, 124 Vi Baltimore & Ohio. Brooklyn R. Transit. 30.000 64 63U 63H Colorado Fuel & Iron 3.000 S3 S2? 62i Consolidated Gas ... 1.600 204 204 itH Corn Products 500 20:i 20 "-7s do preferred 300 78 78 77 Distillers' Securities. .'.00 3SlA 3SU 3SH General Electric 700 1S7 lbCV- 1SQ. hunter-national Paper.. 1.000 -22! 22 22 oo preierrea ....... ...... ,4 International Pumo.. 40 do preferred SUli National Lead 500 35 34Ti 54 North American .... 500 101 101& 101j Pacific Hail 1.200 47 46 People's Gas 20. 1 00 10Si 103'k Pressed Steel Car 200 8Si 3811 do preferred 100 8S1 SSi Pullman Palace Car. 300 243 243 Republic Steol .. do preferred Rubber Goods do preferred Tenn. Coal & Iron... 14.800 u. a. ieatner. 1.200 do preferred 200 105 U. S. Realty 1.00 90H U. S. Bubber....... 1.000 45 do preferred 200 113 U. S. Steel 50.100 84S1 do preferred 17.800 954 Va. -Carolina Chemical 1,800 S84 do preferred 1.200 108 w estingnouse- Elec Western Union .... 40 lOSS 212 21 70 25; 90 03 12 3.700 22 Vi 21 1.000 81 77Vs 1.00 26 25 00 HSH W5i S4i 91 13, 12 104 301 80 0014 42 42 112 312 34 k 95 03?i 35 83 107(i 107 400 180 180 160 100 03 03H Total sales for the day, 1,316.600 shares. BONDS. NEW YORK, Feb. 25. Closing quotations: U. S. ref. 2s reg.104 Atchison Adj. -4s 07 do coupon ...104 U. S. 3s rcg. ..104 do coupon ...104 U. S. new 4s re g. 132 do coupon ...132 U. S. old -4s reg.105 do coupon ...105 D. & R. G. 4s.. 101 X. Y. Cent, lsts.100 Nor. Pacific 3s. 77 do 4s 105 So. Pacific -4s.. 96 Union Pacific 4s. 103 . Wis. Central 4s. 94 Stocks at London. LONDON, Feb. 23. Consols for money. 91 11-16; consols for account. 31. Anaconda 5iNor. & Western S6 cash houses. Indicating larger arrivals, caused an easier feeling in the oats market. May opened & shade to c higher at 31U?3lc and closed at 31$31c Selling of pork by commission houses was the nature of the trading in provisions, Hay pork closed with a loss of 2 at $12.62. Lard was up 5tf7c at $6.02. Ribs were up 2e at 56.7086.72. The leading futures ranged as follows: WHEAT. May July ...... September February May July September Open. High. .$1.16 fl.lSTi . 1.0194 L02 . .03 .03 CORN. .47 46 .43 OATS 4S 46H 4S Low. $1.18 1.01 .02 .47 .47 4S Clote. $M8 1:01 .92 .45 47 .48 48 February May July September SO .31 .81 .23 May .. July . 12.42 12.55 6.87 7.00 6.67 6.80 12.52 12.62 6.32 7.05 0.72 C.83 Atchison 02 do preferred .105 Bait. & Ohio ...109 Can. Pacific ...141 do preferred OnU & Western Pennsylvania . Rand Mines ... Ches. & Ohio .. 52iReadlng do 1st prcf . . do 2d Drcf .. 18 So. Bailwas' - 34 I do preferred 90 iSo. Pacific .... 47 Union Pacific . 82 34 1 do preferred . CS lU. S. Steel ... Illinois Central. 163 do preferred . L. & N 144 Wabash M., K. & T.... 38 do preferred . N. Y. Central.. 1 61 U C. Gt. Western. 24 C M. & St, P.. 184 DoBeers ... .. D. & R. G. ... do preferred Erie do 1st prcf . do 2d pref 04 . 57 . 73 10 . 40 . 47 . 40 . 37 .100 . 71 .139 .102 . 35 . 3 . 24 . 40 do preforred Canadian Pacific .... Central of N. J Chesapeake & Ohio.. Chicago & Alton...... do preferred "hl. Great Western. 42J4 82 24 Chi. & Northwestern- 15,00 Ol., Mil. & SU Paul 53.000 180 CM. Term. urans.. do preferred c C C. & St. L. ... Colorado &Southem. do 1st preferred.... o 2d preferred Delaware & Hudson. Dei.. Lack, & West.. Denver & Rio Grande do preferred . Krie do 1st preferred., do 2d preferred... Hocking vaney do prof erred Illinois Central 4.400 Iowa Central 500 do preferred 100 Xan. City Southern.. 400 ao preferred :,i(w 13.000 100?4 108 JUt .... ,S00 141 140fci 141 400 100 1W 4.600 51 504 700 100 300 100 17 100 32 900 100 2,700 2J 700 i2-)4 3.40O 3894. 2.400 104 300 358 1M 51 41 g 244 179 17 e2 26 C2 37 102 355 32 88 4094 80 (55 01 91 161?4 29Vi .-.!, 30 6o Louisville & Nashv.. 14.400 141 140 140 Manhattan L. 1.400 172 171 172 Metrop. Securities ... 600 81 80 80 Metropolitan St. Ry.. 1.000 121 120 120 Mexican Central 11.600 23 23 23 Minn. & St. Louis 58 M.. St. P. & 3. S. M. 4,800 117 114 113 do preferred 200 16tVi 161 ICO Missouri Pacific 10.000 109 10S94 108 200 .. 61.100 .. 1.400 .. 1.200 88 461. 6 20& 55 31 07 4: S2 23 144 17S 17 32 90 25 62i 37 102 351 S8 46 80 05 161 29 55 30Vj Mo.. Kan. & Texas.. 2.000 32 32 32 do preferred 1.400 66 OS'tf 60 National of Mex. pfd. 200 42 42 42 New York Central... 121.300 160 155- 1504 N. Y.. Ont. & West.. 7.600 56 . 54 55 Norfolk & Western.. 4,300 84 8854 83 do preierrea 600 03 93 Pennsylvania 264.800 144 142 P.. C. C. & St. I..... 400 S3 82 Reading 58,200 07 95s4 do 1st preferred do 2d preferred 200 00 00 Roek Island Co 60.000 37 36 do preferred 1.300 S2 81 St. L. & S. F. 2d pfd. 300 71U 71 St. L. Southwestern. 2U OO preferred 300 !24 62i 62 Swtthern Pacific .... 10,800 fiO. C3U GPU aw irwirrrrj ....... iuu liy4 1 1 fc.il 1 Southern Railway ... 47,Vo SO' 36 no preierrea s.ioo ps 98 Traas & Faclfic 11,800 38 38 Toledo. St. J.. & W.. 400 36 :tfi, 0 554 1S2.200 137 100 100 92 144 82 06 91 89 0 Money, Exchange, Etc. NEW YORK. Fb. 23. Monoy 011 call, nominal; no loans. Time loans, firmer; 00 days. 3 per cent; 90 days. 3U per cent; six months. 3 ptr cent. Prime mercantile paper, 3 4 per cent. Sterling exchange, easier, with actual busi ness In bankers bills at $4.8685 for demand and at $4.8640 for 00 days' bills; posted rates. $4.85 and $4.SS; commercial bills, $4.81. Bar sliver. 60 c Mexican dollars, 47c. Bonds Government, steady; railroad, steady. SAN FRANCISCO, Feb. 25. Silver bars, C0c. Mexican dollars. 47 4c Drafts.' sight. 10c; do telegraph, 12c Sterling on London, 60 days. $4.854; do Sight, $4.S7. LONDON. Feb. 25. Bar silver, firm. 27 15-16d per ounce. Money. 2?4 per cent. Tho rate of discount In the open market for short bills Is 2 gl2 per cent; for three months' blllc, 2 per cent. SEW YORK BANK 8TATE31ENT. Largo Deer cane in Loans Due to Shifting Cash fteaerve Greater. NEW YORK. Feb. 25. The Financier says: The decrease of $14,730,700 In loans shown by the bank statement was doubtless due to the shifting of loans incident to the require ment of the syndicate of bankers who recently sold $75,000,000 of Southern Pacific bonds, that payment therefor should be made on Monday of next week. This requirement most likely caused the loan Item to be made en de clining averages and It should therefore be reflected In the statement of March 4. The gain in cash reserve was greater by $1,140,100 than that which was estimated on the basis of the traceable movements of money during the week. The discrepancy was, how ever, partly due to the fact that the $750,000 gold which was withdrawn for shipment Sat urday was taken from the banks Friday and therein counted In the average for only one day. While Joans arc expected to decrease in tho Immediate future, as the result, above noted, of the contraction duo to the Southern Pacific bond payment, and also becaure of the direct lending of balances withdrawn from the banks by trust: companies, the cash reserve seems likely to be affected through the withdrawals by interior banks of their balances for employ ment at home for crop planting purposes. Moreover the country Institutions whioh are depositories of public funds will, at least until the middle of March, effect the surrender of such deposits through drafts on their New York correspondents, which movement was more or less actively In progress this week. Therefore, some temporary derangement of the cash reserve may be looked for because of this operation. Tho statement of averages of the clearing house banks of this city for the Ave days of this week shows: Increase. ..$1,121,281,400 $14,730,700 .. 1,178,824.900 12.731.u00 42,829.800 22.300 86.431.900 42.300 .. 223.170.406 2,218,600 JW.t'Z,Wt 2,258,000 204.936.225 3.182,750 14.646.075 . 5.441.650 10.730,425 5.357.875 .31 .31 .31 .31 .31 .30 .20 .29 .20 MESSTORK. 12.55 12.60 t 12.72 12.72 LARD. May 6.00 6.97 July . 7.02 7.03 SHORT RIBS. May 6.70 6.72 July 6.82 C.85 Cash quotations were as follows: Flour Steady, with patents. $5.05?3.73; straights, $4.SOi?5; Spring patents. $5.1iS3.00; straights, $4.50Q5; bakers, $2.00S.S0. Wheat No. 2 Spring. $1.151.19; No. 3, $1.10 01.19; No. 2 red. $1.1881.1934. Corn No. 2. 45c; No. 2 yellow, 43c Oats No. 2, 30?4C0c: No. 2 white, 3048' 32c; No. 3 white, 305493lr4c Rye No. 2. 77c Barley Fair to choice malting, 43f 46c. Flaxseed No. 1. $1.23; No. 1 Northwestern. $1.34. timothy seed Prime, $2.30. Mess pork Per barrel, $12.351112.40. Lard Per 100 pounds, $6.724f7.05. Short ribs side? Loose, $6.6096.62. Short clear rides Boxed. $6.7586.87. Clover Contract grade, $12.50. Receipts. Shipments. ieur. barrels 31.100 2S.900 Wheat, bushels 40.000 47.W0 Corn, bushels 3CC.10O 8.900 uata, Dusliels 211.700 79.300 Rye, bushols 3.000 3 000 Barley, bushels 114.000 12.S0U Grain and Produce nt New York. NEW YORK. Fb. 25. Flour Rocelpts, 9000 barrels; exports. 4500 barrels. Neclectetl but cicauj wiuioui cnangc. .Minnesota patent. $3 j 6' 0.50; Minnesota bakers, $4.304f-.63; Winter pnicnis. o.w?jo.o5; Winter straights. $5,309 5.45; Winter extras, $3.0504.30; Winter low grades. $3.454.10. Wheat Receipts. 11,700 bushels. Spot, steady; No. 2 red, nominal elevator; No. 2 red. $1.23; No. 2 rod. $l.234 f. o. b. afloat; No. 1 Northern Duluth. $1.26 f. o. b. afloat; No. 1 hard Manitoba. $1.12 f. o. b. afloat. Options were dull all day and generally ea-y, reflecting prospects of bearish statistics on Monday, favorablo weather and liberal North west rteeipLs. The close showed a partial c net decline. May closed at $1.1754, July closed at $1.05?4 and September closed at 06c. Hops Steady. State common to choice 1002. 27Slc: 1903. 25S28c; oWs, ll13e. Pacific Coast 1004. 2730c; 1003. 2427c Hides Steady. Galveston. 20&25 pounds. 18c; California. 2125 pounds. 19c; Texas dry. 24 30 pounds. 24c Wool Steady. Domestic fleece. 32f35c. Loans Deposits Circulation ...... Legal tondcrs.... Specie Reserve Reserve required Surplus Ex-U. S. deposits Decrease. Bank Clearings. Bank clearings of the leading citieB of the Northwest yesterday were as follows: Clearings. Balance. Portland 5I8.78S Seattle 702.530 Tacoma 470.02 Spokane 404,185 $153,613 142.341 38.574 54,471 Clearings of Portland, Seattle and Tacoma for the-week were: Portland. Seattle. Tacoma. Monday $ C$7,743 $ 672,357 $ 553.005 Tuesday 506.891 6S3.C72 405.8S7 Wednesday... (Holiday) (Holiday) (Ilolldav) Thursday 710.213 909.331 516,778 Friday 557.5S0 842.94S 352.512 ' Saturday '518,788 702,500 470.023 Grain nt San Francisco. -Wheat and milling, SAN FRANCISCO, Feb. 25.- Dariey, weaK. Spot quotations: Wheat Shinning. JI.5Qfil.53: -51.33 ffl. 05. Barley Feed, $1.18 1.22; brewing. $1.221.25. Oats Red. $1.401.55; white, $1.42 Q 1.60; black. $1.35 1.05. Call -board sales: Wheat May. $1.45; December. $1.2S. Barley $1.10; December. SSc. Corn Large yellow, $1.5091.37. Wheat at Tacoma. TACOMA. Feb. 25. Wheat Unchanged; bluestem, 93c; club, S6c. LIVESTOCK MARKET. Trices Quoted nt Portland Union Stockyards Yesterday. Receipts at the Portland Union Stockyards yesterday were 150 cattle and 230 sheep. The following prices were quoted at tho yards: CATTLE Best Eastern Oregon steers, $4 4.25; cows and heifers, $2f3.25. HOGS Best large, fat hogs, $6.50; black and China fat, $5.305.75. SHEEP Bost Eastern Oregon and Valley. $4.254.50. EASTERN LIVESTOCK. Prices Current at Kansas City, Omaha and Chicago. KANSAS CITY, Mo.. Feb. 23. Cattle Re ceipts. COO; market, steady; "unchanged; na tive steers, $3.753.65; native cows, $1.754.50; Etockors and feeders, $3?4.SO; Western fed steers, $3.5005.25; do com. $2fM.15. Hogs Receipts, 5000; 5c higher; bulk of sales, $4.634.00; heavy, $4.S54.02; packers, $4.50414.00; pigs and lights, $4f?4.75. Sheep Receipts, 600; steady, unchanged; muttons, $4.8505.00; lambs, $77.00; range wethers, $5.2530.30; fed ewes, $4.S5g5.60. SOUTH OMAHA, Feb. 23.-Cattlc-Rcce.lpts, 100; market, unchanged: native steers, $3.4g 4.40; cows and heifers', $2.C0S4.13; canners, $1.508.2.60: stockers and feeders, 2.40&4.10; calves $3g6; -bulls, stags, etc, $23.75. Hogs Recelpui, 5100; market, 5gioc higher; heavy. $4.75ff4.00; mixed, $4.704.75; light. $4.404.75; pigs. X3.3O4iS.50; bulk of sales. $4.70 4.75. Sheep Receipts. none; market, steady; Western yearlings. $3.75S6.75; wethers. $5ff 5.95; ewes, $1.755.50; lambs, $6.507.60. CHICAGO. Feb. 23. Cattle Receipts. 200; good to prime steers. $5.C0i!.43; poor to me dium, $3.755.50: stockers and feeders. $2.35(2 4.20: cows, $1.254.33; heifers. $29-4.00; can- Total $2,081,245 $3,610,808 corresponding 2.O0O 3.500 23 48 400 244 200 53 700 245 300 130 100 23 474 24 52 240 130 do preferred Union Pacific .. 4t preferred .. Wabash do preferred Wheeling & L. Erie. Wisconsin Central .. do preferred Express companies Adams American .........44 United States Wolls-Fargo ........ Miscellaneous Amalgamated Copper 21.600 Amer. Car & Foundry 3,500 do preferred American Cotton OH. American Ice. do preferred American Linseed Oil d opreferred American Locomotive 4o preferred ....... Amer. Sm.,& Refining do preferred Amer. Sugar Refining 4.300 145 144 Am. Tobacco pf. cert. ...... Anaconda Mining Co. ...... ..... .... OS? 36K 55 S5U, i..9b 135 90 2UV1 94 3654 5 40 16 3P 42 "i COO 112U 1 8.20Q 02 904 00 119 200 500 200 ?00 100 100 8,800 10 52 24C 242 129 230 76 35 04 30 5 40 17 38 41 112 9H2 S 118 144 40 108 76 35 04i 3C ,5 40 16 39 11 Clearings for the former years were: Portland. Seattle. 1003 $3,236,771 $4.0S2.ySS 1004., 3.209,156 3.521.350 f2.3SS.2C5 j week In 1 Tacoma. $2,041,012 2.066.232 LITTLE SNAP TO MARKET. Weakness in Evidence In Chicago Wheat Pit. CHICAGO. Feb. 23. Weakness in the wheat market was in evidence from the start. Im proved weather conditions in the Northwest had resulted in an increased movement from the farms. This fact induced considerable sell ing by commission houses, and pit traders. In itial quotations on May were off Jff-c at $1.1S31.16. July was a shade to c lower nt $1.0l?i1.01. For a time the market received some support from the strength in corn. When, however, the price of the yellow cereal began to decline under tho extent of realizing sales, the wheat vniarket followed downward. After touching $1.18401.18 for May and $1.02 for July, prices eased off gradu ally. There was little snap to the market. Trading was small In volume. Prospects of an Increase In world's shipments In the amount on passage helped to create bearish sentiment. For May, the lowest point of the eesslon was reached at $1.18. July sold off to Sl.0101.01 and the market closed weak with May at $1.18. Final quotations on July were at $1.01fll.01. Profit-taking on a. libera scale was respon sible for a moderate setback In the prico of corn. May opened unchanged to c higher at 4748c, and closed at 474J47c. Weakness of com and heavy sslling by o OMMISSION GRAIN and STOCK BROKERS We Charge No Interest for Carjlag Lone Stocks. GENERAL OFFICES: . Y. Ufa Bid., Mian ta polls, Minn. C K. AT.DEX. Correspondent, Room 2. Ground Floor. Chamber of Commerce. N. B. "Wa wSU send you our dally Market Latter on request. GOLDFIELD MINE Mutual Company, organized to mine in the -richest gold camp ever discovered. Ores fabulously high grade. Best ex perts in the field; 2.000.000 shares, all in the treasury: par value. $1; full paid; nonassess able. First 500,000 shares at $10 per 1000; 400,000 arc already sold. Money In treasury. No debts. Reference: First National Bank of Denver. Write for complete details. American Securities Co. (Incorporated.! 471 Jackson Building, Denver, Cola Incorporated. Paid Up Capital, $50,000.00 Fiscal Agent and General Broker - , GOLDFIELD, NEVADA Hundreds Coining Money at Go Under Our Conservative Le idfieid adership AN UNPARALLELED SHOWING 400 Per Cent Earned by Our Clients in SANDSTORM Mining Co. Shares. 350 Per Cent Earned by Our Clients in Orig. BULLFROG Mining Co. Shares. 200 Per Cent Earned by Our Clients in BLUE BULL Mining Co. Shares. 112 Per Cent Earned by Our Clients in GOLDFIELD Mining Co. Shares. -87 Per Cent Earned by Our Clients in JUMBO Mining Co. Shares. The MIMS-SUTRO COMPANY is the fiscal agent of the great gold-producing mines of the Goldfleld District. It is incorporated, with a' paid-up capital of $50,000. Every bank and banker in GoldtielJ vouches for its integrity. Its references, by permission, are the Nye & Ormsby County Bank of Gold field, Tonopah and Carson City, Nevada, and John S. Cook & Co., banKer? Goldfleld, Nevada. The MIMS-SUTRO COMPANY, as fiscal agent. dlsposeJ of thousands of shares of stock of the Sandstorm mine at Goldfleld. at 15 cents per share last Summer. IT IS NOW SELLING AROUND 71. (See San Francisco and New York stock quotations.) The MIMS-SUTRO COMPANY, as fiscal agents. let its clients have thou sands of shares of the ORIGINAL BULLFROG mine at 10 ecnts per share last November. IT IS NOW IN GREAT DEMAND AROUND 45. The MIMS-SUTRO COMPANY, as fiscal agent, sold thousands of shares of BLUE BULL MINING CO. at 10 tents. IT IS NOW SWIMMING ABOVE 30c. The MIMS-SUTRO COMPANY sold stock of Goldficld's Jumbo mine to its clients at 30 cents. JUMBO IS NOW HELD AT 70. It sold GOLDFIELD MIN ING CO. at 40. IT HAS NOW ADVANCED ABOVE SO. MONEY MAKES MONEY NOW The MIMS-SUTRO COMPANY as fiscal agent for GoUfield mining compa nies of merit, and general broker for all mining men of repute, secures working capital ,by the sale of mine stock) for the exploitation of new min ing enterprises of merit, and the development of old properties that its corps of mining engineers pronounce meritorious. It earns Its profits in commis sions, the volume of Its transactions insuring generous profits. The com pany is in business to make motley, but it is sufficiently far-sighted to realize that Its business can only increase if its clients profit along with the company. Money Is wanted for development purposes by Goldfleld mines, and tho Mims-Sutro Company secures it. Money is wanted, but only because the gold properties at Goldfleld are so numorous. it takes a world of capital to float all the worthy propositions. Men On the ground are Investing as fast as they realize profits on their Investments. The world never saw such a gold-producing district as Goldfleld spring up In a year, and sufficient time has not elapsed to secure the necessary unbidden flow of capital needed. THAT TIME IS APPROACHING VERY RAPIDLY, HOWEVER. HISTORY IS REPEATING ITSELF In the history of all great mines, there was a period when a few dollars would have secured title to the name. To illustrate wc enumerate ;i few of the striking examples. The Mollle Gibson Mining Co.'s stock sold origin ally for 10 cents per share. It has paid twelve million dollars in dividends. Calumet and Hccla stock sold for five dollars a share it was sold a year ago for eight hundred and sixty dollars per share. Five years ago the stock of the Gold Coin mine in Victor. Colorado, was offered at three cents per share. The Gold Coin has been paying dividends from one to three cents per share per month on its original capitalization of one million dollars. In 1892 the Independence Mine at Cripple Creek, Col oradowas offered for sale at one nundred thousand dollars; it was sold in 1398 for ten million dollars. The Anaconda, mine has paid in dividends nine teen million eight hundred and sixty thousand dollars. It was flrst sold for fifteen thousand dollars. The Consolidated California and Virginia Mining Co. has paid in divi dends seventy-seven million five hundred and eight thousand eight "hundred (Tollars. The Alaska-Treadwcll pays one thousand five hundred dollars an nually on each one thousand shares from ore averaging two dollars and a half per ton. The Homestake. of South Dakota, returns an income of six thousand dollars on overy thousand shares of stock. The ore averages less than four dollars per ton. One-third of the Mary McKinney Mine. Cripple Creek, was given for a forty-nlne-dollnr grocery bill (thought to be a. bad one). That grocery man now has an income of two hundred thousand dol lnrs a year and his interest In the mine is worth more than one million dollars. Fortune Now Knocks at Your Door If you want to associate PROFITS, such as U. S. SEN e yourself with men who have already made fortunes in Goldfield and are REINVESTING THEIR NATOR, NIXON OP NEVADA: John S. Cook. Goldfield?s leading banker; George Winqrfield, the practical Tonopah mining man. who made a fortune there m a year; W. J. Douglass, the millionaire mining prospector and mineowiier. ol lon opah; S. H. Kitto, cashier of the Nye & Ormsby County Bank, of Goldfield, Tonopah and Carson City; H. C. Brougher, who has had a slice of nearlv every success in Tonopah and has amassed a big fortune through his mining deals everywhere : if you want to put rlv every success m Tonopah vour money in stocks of mining companies where successful lrnning men of the character of these are directors and investors them selves, WE HAVE WHAT YOU WANT. As fiscal agent we have come into possession of small blocks of stock of three of their companies. These we are ordered to sell at prices that will enable all of our followers to get in on the ground floor of each enterprise, WITH AN EXCELLENT CHANGE OF QUADRUPLING THEIR MONEY WITHIN 90 DAYS. In every case the money raised by the sale of stock will be entirely devoted to the development of the property. We offer ORIENTAL GOLD MINING CO. AT 10c PER SHARE Capital, $750,000. Par value of shares $1.00 each. Treasury stock, 250,000 shares. W. J. Douglass, president. This company has just come into possession of six claims, about 30 miles south of the town of Goldfield that contain goldbearmg ledges of enormous extent. Ore samples taken from the veins that are exposed show values as high as $400 per ton. FREE GOLD CAN BE SEEN IN THE ORE WlTH THE NAKED EYE. This is a sure producer in the near future, and as soon as development work commences and ore is shipped will soar in price to par. KAWICH GOLD MINING CO. AT 25c PER SHAR Capitalization, $1,000,000. Par value of shares. $1.00. Treasury stock. $400,000. UNITED STATES SENATOR GEORGE S. NIXON, president. This property covers an area of 200 acres in the heart of the new Kawich district, 70 miles east of Goldfield. A dozen "strikes" of high-grade ore have been made on the property within a fortnight. Mining engineers pronounce this one of the greatest prospects in Nevada. A well-defined ledge of gold-producing ore runs through the entire property. FABULOUS VALUES ARE SHOWN BY ASSAYS. The Company is working day and night shifts. A power, light and water plant will be erected right away. This is a mine of immense possibilities. Its stock will double in value in the next 60 daj7s. TOKOP GOLD MINING CO. AT 15c PER SHARE Capitalization. $1,000,000. Par value of shares, $1.00. Treasury stock, $400,000. C. B. Zabriskie, president. Nine "claims" are included in this property. It is situated about 30 miles south of Goldfield. A series of ledges are seen on the surface and all carrj' free milling gold ore. Assays of ore show values as high as $200 per ton. The ledges can be seen for a long distance on the surface. There is every indication of permanency. A great, big milling proposition is this. It will prove a stayer and a profit-getter for jts stockholders. ' : Only a limited number of shares in the above properties can be had. Act quick, if at all. Remit by express money order or bank draft, and indicate tho number of shares you want, and we will act for you promptly. No commission charged. Address Mims-Sutro Co., Incorp., 35 Main street, Goldfleld, Nev. Prospectuses in all companies handled by us mailed on application. Write for our weekly market letter and "Facts About Goldfield." ttitiittMMtia(t(et9Mtia 19 tiiei NT ners. L25g2.25; bulls. ?2$3.70; calves. $3 7.35. HosB Receipts today, 16.000; Monday. 45,000; 6010c hlshr: mixed and butcher. ft.&084.65; SOOd to choice beary. $4.9535; rough heavy. ?4.35''g4.85; light, $i.6034.S5: bulk or alcs, 54.75 4.00. Sheep Receipts 2000: nheop and lambs, mcady; xood to choice wethers. $5.6036: fair to choice mixed, 405.30; Western sheep. $4.5036: native Iambi, $667. 70; Western lambs. $5.757.60. Exports and Import. NEW YORK. Feb. 25. Total import I of spcle at the Port of Xetv York for the week ending today were $221,485 gold and $52,222 ailver. Total exporU of Specie for the Port of. New Tork for the week ending today wet $847,037 gold and J1.0S9.206 stiver.