The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-09-22
RED TOP STOCK is
SOARING
shares in Good Demand at Twenty
Cents Advance Over Last
Weeks Quotations.

There were many who doubted the
) fact that a strike had been made on
) this mine when the news was made
public last week, but that somebody
} had confidence in it is evidenced by
the demand for the stock, which
sold as high as 20 cents
! today. 1t has been kno.n
! for a long time that very wide bodies
of mill ore had been opened up to
depth of 1850 feet and through these
wide dykes of low grade occasional
bunches and seams of very high grade
had been found. Now a wide shoot Of
high grade has been found at the 100
foot level in crosscut. 1t is feet
J wide and has been drifted on for
distance of &c feet. Owing to the alb
sence of Superintendent Taylor, an I'M.
, background inspection of the bonanza
find could not be made as he had given
4 instructions to the foreman not to al
low any one into the mine, only those
employed on the property. Still that
was not necessary to convince one that
the Red Top was a mine. Ore was be-
! ing raised as fast as the little 15-horse
lpower hoist could work. 1t was dumped
on platform and then fed to crush
! er and two men were engaged in sack
ing it, and they were kept busy. Ap-
lparently only one grade is being made
and the output is 20 tons daily. 1t is
reported that the very high grade ore
is being sacked and stored below. Ono
story in circulation is that there are
lo inches Of it and that it assays at
the rate of 81 a pound.
THE GREAT JUMBO.
! The readers of the News were as
sured on the word of Superintendent
Harry Taylor last week that nothing
had been found on the property, that
! the only work that was being dono
was development and that the shaft
at the 350-foot level was at least 30
feet away from the vein and ore
shoot; and that it was the policy Of
the company to continue to the 500
foot point before crosscut was run
/ to the ledge. visit to the property
Yesterday was made and big pile OF
filled new ore sacks were noticed close
TO the main shaft When the atten-
tion of the engineer was called to
them he said he did not know anything
about them, and when asked where the
! superintendent or any man in charge
ABOVE himself could be located, he was
. non n-committal. Ore sacks were piled
up on the different dumps that were
formerly worked by lessees, when the
Jumbo was the big mine of the camp.
This came from sorting the waste rock,
as it was called eighteen months ago.
! AS Mr. Taylor is in San Francisco
ne could not be seen in regard to the
story in circulation that the biggest
! strike in the camps history had been
made on the property. Thomas Heshp,
the well known assayer, said in regard
to it: tThe find would not surprise
me aL all anu tu6 OWucIS may udtO
an object in hiding it from the public.
notice that the stock has been climb
ing in the past few days, and that
may be a pointer. Over year ago
sampled 1873 pounds of ore from the
VermilyeS lease on the property and
it went at the rate of 1854 pound.
| had seen high grade ore before, but
nothing to compare with that
Ed Snider, one Of the old.tiners of
GoIdfeld, said in regard to the story:
"All that can say is that / was
shown a piece of quartz this morning
by an intimate friend of mine, and he
told me that it came from the Jumbo.
1t was the kind of rock that makes
millionaires out Of poor men in short
order and I believe it was one-fourth
gold, and also believe what my friend
told me and that it came from the
Jumbo.
CONSOLIDATION RUMoRS.
Persistent rumors have been in cir
culation around town for the past day
or two in regard to the consolidation
} Of the Jumbo and Red Top. Dame Ru-
; NOR had it that Charles NJ. Schwab,
the steel magnate, and John McKane
! had secured controlling interest in
J the shares of both companies and that
the price to be paid was many points
J higher than the present quoted figures
: on the San Francisco Exchange. When
J seen in regard to the story Auditor
. H,ohay 90 fha T,.,rho oud Pad Tor,