The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-11-17

by leasers, and the same statement APP
plies to several other companies and
some with claims in widely separated
localities-the Jumbo Extension, for
example. The producing mines were,
and they are printed in about the order
of their Importance, as follows: Jumbo,
Combination, Florence, January, Sanl-
storm, Red Top, Kendall, Jumbo Exten-
sion, st. Ives, Diamondfeld, Simmerone,
Velvet, Gold Bar and Desert Rose.
The Combination mine carries the
banner as being the steadiest producer.
Month in, month out, the Combination
mill has been grinding out the values
and that company has never missed a
dividend since it started paying them,
and it pays $4,000 every month.
Jumbo leasers probably extracted
more values from that ground than any
other ground has produced in Goldfeld.
The amount is variously estimated, but
was doubtless in the neighborhood of
81, 000. To the great regret of the
camp the company has lately been in
litigation and this fact has held back
production. Work is being prosecuted
on the property, but not on a scale
commensurate with its Importance AMI
no ore has been hoisted for a long time.
1t is universally conceded in camp that
when the Jumbo is allowed to demon
strate what it can do the production
will surpass all records so far made.
1t is the general opinion of mining
men acquainted with the situation that
Gcldfeld crowded itself during the first
year of its existence and exceeded all
other camp records, but that it has $,
far failed, except in the instances of a
few mines, to inaugurate the thorough
and systematic development work nee
essary to make great and lasting mines.
The Florence shaft is down $50 feet,
approximately. There is exhibited
plenty of confidence that values will be
uncovered at greater depth, but the
fact that so many bodies of rich ore
have been uncovered near the surface
inspires all to look for it there.
Five stamp mills and two samplers
have been built in Goldfeld. Material
has been shipped for the construction
of two other mills. Water for the Com
bination mill is piped about ten miles
and the new American mill is laying
pipe a distance of about five miles from
the Highland mine at D~iamondfeld,
this mine having a heavy flow. The
combined capacity of mills and sam
piers at present is 800 tons daily and
they are working nearly to the lint.
The Combination is increasing it's ten
stamps to 20 stamps. The New Western
has FIVE stamps and has announced that
it will increase to 20 stamps. Both the
New Western and the Columbia sam
piers can handle go tons per day and
both are figuring on doubling their ca
pacity.
The limits of this article will MT
permit of due mention of several i'm
portant features of the Goldfeld situa-
ton, but a word must be added about
the new Goldfeld Mining Stock Ex-
change, which seems destined to play
an important part in the development
and growth of the field. The exchange
has just been organized with a charter
membership of 80. During the first
week 22S,000 shares were traded in at
a net cost of $4,000. The second week
2O5,225 shares, valued at $105, 0O0. This
exchange is after the business of the
entire. district and stands a good show
of obtaining it. In it's dealings it IS
the intention to call prospects "pros-
pects' and mines "Mines." Pure wild
cats will have no favor shown them and
such a program should create general
public satisfaction.
Another important point concerning
both Goldfeld and Tonopah is the fact
that electric power has been provided
to the extent of 2,500-horse power. 1t
has been brought from Bishop, CAL, a
distance of about 20 miles, and is di-
vided between the two camps. 1t can
readily be increased to 5,000-horse
power.
1t is impossible to predict what the
next five years will do for Nevada. The
population will of course be doubled;
it has less than 10000 at the present
time, and had but 42,335 when the last
census was taken. 1t will take a high
place among mining states; wealth will
flow from her mountains as it never did
before-but once, and there are many
who believe the famous Comstock
production will be surpassed.