The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1904-10-21
The Jumbo.

Jumbo ridge does not present as lively
an appearance as it did several weeks
ago, the only reason being that nearly
all the leases expire on October 3lst,
and majority of the lessees have quit
work, there not being sufficient time to
open up more ground and get out the
ore. Zinn's and the McDonald-Fnller
lease, which run for some time yet, are
| taking out more and richer ore than
ever. In the Zinn lease the values
have increased, the value of the last $50
sacks averaging aboutS6O0 per ton. The
fine stuff will go about $1,000 per ton,
but it is mixed with the coarse in sack
ing, which decreases the average value
of the ore as shipped to from $500 to
5000 per ton. On Monday and We'd
nesday 280 sacks were shipped and over
400 went out last week The new steam
hoist on the McDonald-Fuller lease is
doing good work. Since starting up
about four carloads of ore, of splendid
grade, have been hoisted and sacked,
the average values being of the usual
Jumbo high grade, but some of it being
extra rich. On the Bowes-Kernick
little is being done underground as the
rich ore has been taken out and there is
rot su'.ici"nt tim" to open up new
..o.,.iI. Idcre rc.idin about 3,Vj0
! sacks of high grade awaiting shipment.
\ number of men are now going over
the mill dump and are sacking ore that
averages between $l75 and 5000 per ton.
The Jumbo Mining company, owner
of this great mine as well as the Cler-
mont, is indulging in the luxury OF a
family row, which, while it cannot al
feet the value of the mines, has bad the
effect If depressing the price of the
stock lar below its true value. The fric-
tion among the heavy owners came to a
head on Tuesday when President John
| McKane was unseated and also Geo. A.
Kernick, director. G. p. Holt and Tom
Robinson were elected in their places,
Mr.. Holt being afterwards elected as
secretary. President McKane and two
Of the principal stockholders have not
pulled together for some time, but the
principal reason for unseating Mr.. ker-
nick is that he has disposed of nearly all
his stock in the company. Mr.. Mckane
has threatened suit and the result has
been an unwarranted drop in the price
of stock.
The Combination.
The shaft is now down 3l5 feet and
dTOtIlcI icNtl Will NC IuI dt ocO lCCt' "A
drift is being run at 280 feet and values,
etc, remain about the same, with the
exception that the company is now do
ing a little stopping and increasing the
production of shipping ore. About 800
sacks of high grade are now on the
dump. AS supplies are coming in, work
on the mill is progressing favorably un-
der the direction of Ira Boss, Jr. The
large water tank is in place, much of
the concrete foundation laid and grading
is being done for the cyanide tanks. All
the machinery will be shipped by the
23d of the month.
Strike On Silver Tip.
A strike which promises to develop
into one OF the big ones, was made this
week on the Silver Tip claim of the EN-
pire Mining company, which lies north
Of the Lone Star. At depth of 10 feet
the ledge is found in place and is 51s
feet wide. Paintings indicate very good
values and the owners are feeling very
iubilant over the prospects OF soon join
ing the list of shippers. This was the
company which was organized by Hen
ry Weber and Marvin lsh and all the
necessary stock for development l,ur-
poses sold in Goldheld in short time.
The Potlatch.
The Potlatch Mining company has
been organized to operate the Potlatch
group of three claims, which includes
the Potlatch, Mt. Hood and Crown.
The officers and directors are Marshall
Bond, president; Geo. A. Kernick, vice.
president; l.. w. Bond, secretary and
treasurer; Claude NJ. Smith. Work is
now being prosecuted on the property
and it will be thoroughly developed.
Owing to recent favorable developments
the stock of the company has been with
drawn from the market.
Florence Lease No. 8.
This lease continues to produce stead
| lily good quantities of rich ore, the smell
ter returns from which are largely in
creasing the bank accounts of the COM
pany and the lessees. Ore is being Ia
ken from the so, 100, $50 and 2OO-foot
levels, but the greater production is
cent shipments there are fully 1000
e,cts Or .hc G1mrs awaiting the freight
The Kaiser Bonded.
Elmer j. Chute and Geo. Winkler
| have bonded the Kaiser claim, adjoining
the Blue Bull and Commonwealth
groups, to Owen Kemp. The considera-
ton is $25 900 and large cash payment
was made. There are many who firmly
believe that the Kaiser, as we'll as the
Mary adjoining OH the east, will make
good mines, and several parties are ne
gotiating for the latter.
Spikins Development Co.
]. H. Spiking, president of the above
company, has been inspecting the COM
pany's property in various parts of the
district and reports things looking ex-
ceedingly we'll. The company has its
interests we'll distributed over the camp
which makes it reasonably certain that
they will develop one or more good
properties.
Coldfield Columbia Mining Co.
i The Goldtield Columbia Mining COM
pany, owning the Juanita, Stanford r.
and Plaza claims on the west slope OF
Columbia Mountain, was Incorporated
this week. The officers are: B. j. Reilly,
president; Zeb Kendall, vice-president