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Newspaper
Tonopah Daily Bonanza
Location
Tonopah, Nevada, United States of America
Date
Jun 06, 1908
Page
4
The dispatches and week trade review show improving times with less labor strike activity. Labor and capital align toward a busy summer as railways prep for crops and iron mills run at full capacity. Capital returns, mines revitalize, Nevada to the fore, and mineral production may break records as good times near.
Report from Seattle describes cablegram from John Wagan detailing Siberia stake claims in Anadiv district near Slate Creek and Nadeau holdings. Nuggets and showings suggest early profitability as more of the lode is developed with many prospectors working under Southeastern Siberia Company.
The Amador Mining and Development Company of Montana, a $5,000,000 corporation with Chicago headquarters, is dissolved. About 1400 stockholders face losses as copper and gold mines are deemed worthless. Mackinnon organized the venture, left Chicago a year ago, moved to Boston, then vanished for Maine. inquiries reveal limited presence since. Stockholders are advised to expect notices and calls for action.
In the Florence district ore bodies attract heavy activity as reports describe a Moon Anchor No. 2 strike expected to yield about 1200 ounces of silver. Major deals include A. B. Travers and others purchasing the Snow Bank group adjoining Rainstorm mine for a five figure sum. Rainstorm and LaMar mines report high ore values with several claims showing gold and free gold assays. Local workers prepare to deploy within thirty days as mills and infrastructure are planned amid rising optimism.
Four gold bricks valued at $17 000 from Briggs Evans lease on Union No 9, Dexter Mining ground, were received and will be sent to the Carson mint. A note on strife in Vigneux reports gendarmes confronting striking workers. two killed, six wounded in June 5 incident.
New York June 5 An announcement that Union Pacific has sold to a syndicate of American and European bankers 10,000,000 of the 100,000,000 first mortgage bonds authorized last month is expected to be made at a directors meeting tomorrow. The new financing is understood complete and awaits full board approval. The price at which the bonds were taken by the banking syndicate 18.
Financial notes say the Rothschilds will not participate in the Union Pacific 4s flotation. Kuhn, Loeb & Co. and Baring Bros. & Co. lead the sale of Pennsylvania bonds with London firms Glyn, Mills, Curry & Co. Also mentioned is Harriman praising the syndicate’s strength and indicating no link to the Thrift or timeliness contests.
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