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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (Feb. 26, 1905)
STOCK MARKET EXCITED
Downing, Hopkins & Co.
WHEAT AND STOCK BROKERS
Room 4, Ground Floor Chamber of Commerce
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.
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
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
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
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 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.
Sales. High. Low. bid.
Atchlbon 13,000 1 SDTi
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 ..
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 ....
3.700 22 Vi 21
1.000 81 77Vs
1.00 26 25
00 HSH W5i
400 180 180 160
100 03 03H
Total sales for the day, 1,316.600 shares.
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:
. 1.0194 L02
. .03 .03
do preferred .105
Bait. & Ohio ...109
Can. Pacific ...141
OnU & Western
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 1st prcf .
do 2d pref
Canadian Pacific ....
Central of N. J
Chesapeake & Ohio..
Chicago & Alton......
"hl. Great Western.
Chi. & Northwestern- 15,00
Ol., Mil. & SU Paul 53.000 180
CM. Term. urans..
c C C. & St. L. ...
do 1st preferred....
o 2d preferred
Delaware & Hudson.
Dei.. Lack, & West..
Denver & Rio Grande
do preferred .
do 1st preferred.,
do 2d preferred...
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
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
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,
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,
Bar sliver. 60 c
Mexican dollars, 47c.
Bonds Government, steady; railroad,
SAN FRANCISCO, Feb. 25. Silver bars,
Mexican dollars. 47 4c
Drafts.' sight. 10c; do telegraph, 12c
Sterling on London, 60 days. $4.854; do
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
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
Tho statement of averages of the clearing
house banks of this city for the Ave days of
this week shows:
.. 1,178,824.900 12.731.u00
.. 223.170.406 2,218,600
14.646.075 . 5.441.650
.31 .31 .31
.31 .31 .30
.20 .29 .20
12.55 12.60 t
May 6.00 6.97
July . 7.02 7.03
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.
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.
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
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
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.
Ex-U. S. deposits
Bank clearings of the leading citieB of the
Northwest yesterday were as follows:
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.
SAN FRANCISCO, Feb. 25.-
Wheat Shinning. JI.5Qfil.53:
-51.33 ffl. 05.
Barley Feed, $1.18 1.22; brewing.
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.
Trices Quoted nt Portland Union Stockyards
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.
Prices Current at Kansas City, Omaha and
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
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-
Union Pacific ..
4t preferred ..
Wheeling & L. Erie.
Wisconsin Central ..
Amalgamated Copper 21.600
Amer. Car & Foundry 3,500
American Cotton OH.
American Linseed Oil
4o preferred .......
Amer. Sm.,& Refining
Amer. Sugar Refining 4.300 145 144
Am. Tobacco pf. cert. ......
Anaconda Mining Co. ...... ..... ....
COO 112U 1
8.20Q 02 904
Clearings for the
former years were:
1003 $3,236,771 $4.0S2.ySS
1004., 3.209,156 3.521.350
week In 1
LITTLE SNAP TO MARKET.
Weakness in Evidence In Chicago Wheat
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
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.
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.
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
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?
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
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
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
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.
MINING CO. AT 15c PER
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
ners. L25g2.25; bulls. ?2$3.70; calves. $3
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,
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
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.