Los Angeles herald., 1905-06-19
.GOLDF|ELD BACK
To ITS OLD FORM
LAST WEEK SEES REVIVAL OF
CONFIDENCE
GOOD SH0WINGS BY MINES
Results Of Recent Bank shakeup Are
Rapidly Dlsappearlns-Whst
Some Leasers Are
Doing
GOOD sHoWINeS BY MINES
special to The Herald.

Special to The Herald.
GOLDFIELD, New, June 1S.--As If
to retrieve whatever prestige was lost
and to fe-establlsh the faith and con-
fidence which was temporarily shaken
by the recent bank failure, the mines
of Goldfeld have during the past
week made remarkable showings.
1t cannot be denied that there has
been a decline in stocks all along the
line during the past two weeks, and
what men here who have come to be
accustomed to, rush and pressure of
trade, sometimes so great they could
not handle it, call business depression.
But that the bottom" is still intact
is conclusively shown by the number
and richness of the strikes which have
been made in the last ten days.
In any ordinary and old established
town the business which Is even now
transacted in Goldfeld would be re-
garded as booming. But the trouble
is that everyone here has for the past
year or more been accustomed to do
ing more than he could with justice to
that business. Now that 1t is getting
down to steady and conservative ba-
sis, men are wont to regard the con-
ditions as dull and depressing. That
there is no warrant for this quasi pes
simism it is only necessary to record
the developments in the leading mining
properties for one week.
To begin with, the Combination COM
pany has declared it's ninth monthly
dividend amounting to ten cents a
share, which was paid on June Is
to holders of stock on June /. The
company's mill is running night and
day, five Of it's stamps crushing out
the ore for the company and five being
reserved for custom work. The Ne
vada Power & Milling companys plant,
which will bring power from Bishop
creek, sixty miles away, will be in
operation by the first of September and
the Combination company will then
run its mill and hoist by electricity.
Showing Up Well
The Sandstorm is again showing up
in fine shape, and those who have
leases which have been extended are
jubilant. On the Sutman- Macdonald
Mayne lease at the fifty foot level
there has been opened UP a body OF
ore that is conditioned to go direct to
the smelter as it is lifted to the sur
face. The ore body is well defined and
the paintings indicate values which
will average between $125 and $3.50.
Monday from the Davis-Loftus lease.
and 1t looks as if the Nevada Exploit
alton company, which controls this
lease, would make a fortune. Another
level will be started at once at 130 feet
in the main shaft.
The rich strike on the Gold Coin
claim of the Jumbo Extension COM
pany is one of the sensations of the
camp. At the bottom of the 10 foot
shaft there is a showing Of feet of
solid quartz, and to see free gold in
thick blotches it Is only necessary to
break any piece of the rock. The les
sees are sacking ore from which the
lowest assay taken shows $14O to the
ton and the highest over $2S00, 100
ounces of this being gold and 900
ounces silver. The first shipment from
this property went out on Monday.
What is believed to be an extension
of the ledge of the Gold Coin claim
was uncovered few days ago on the
Blue Bird claim of the Goldfield Dia-
mond company. The rock abounds in
free gold clearly visible and assays run
from $500 to $25O0. The lead has been
traced through nearly 1000 feet of the
property of the Godfield-Diamond,
and at different points in shallow
trenches and holes paintings have
been obtained that show gold in
abundance. SO confldend is the COM
pany that there is an immense for
tune stored in the ledge which only
awaits extraction that it has practi-
cally decided to withdraw the stock
from the market. Within two days af-