The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-06-16


stock in its history has beaten all re-
cord. as to total production, Tonopah,
Goldfeld and Bullfrog have thus far
IN their history beaten all records for
i'nriersc production for the time.
1t is estimated that Tonopah, a
camp scarcely four years old, will pro-
DE $laS.'t" , week throughout 1905.
& l.I.tl:, VIII : year, has produced
in ore shipped and in valuable ore on
dumps well over s5,OO0,OOO and is only
beginning. The phenomenal record of
the Combination, Florence, Jumbo,
Dixie and other Goldfeld mines un-
~questionabIy will he duplicated and
more than duplicated by many others
in the same camp. Until recently the
mining world waited for y demonstra-
ton whether the mines of Goldfield
were merely of a SURFACE character or
whether they carried their values to
depth. Every mine that has attained
reasonable depth has now demonstrate
ed beyond any question that the ore
bodies not only continue to carry their
values, but even increase in value and
size as depth is attained and from the
formation which is identical with that
of the best mines in the world, there
can be no doubt that values will hold
to the lowest depths possible in min
ing.
1t is certain that never heretofore
has there been anything in the way of
gold mining where values ran so high
as in the ease of the ores Of Goldfeld.
Shipments of carloads running over
$4,000 to the ton are common Single
carload shipments have brought for
tunes. Every week for a year has
brought demonstration after demon
s~tratration of the great value of the
ores and the permanent character of
the ore bodies, until today no mining
man who knows the district and the
results attained questions that Gold
field will become one of the greatest
gold camps ever known. 1t has pro-
luced in it's first year as much as Grip
pie Creek in its first four years, pro-
iucing more gold in this period than
Oregon and Idaho combined and more
than six times as much as Washington
and New Mexico. 1t is n marvellous
characteristic of Goldfeld mining that
hundreds of thousands of profits have
been paid during the development Pc
Rod, while in other states during this
period vast sums are necessary to de-
selop and equip, no profits being pos
sible.
Goldfeld was "A desert a year ago
anu now is Il city OF over ten thousand
people, with banks and business houses
Of standing. In thirty days the rail
road will be completed to Goldfeld
and production will be vastly in
creased, all ores having heretofore
Eeen shipped a long distance by wagon
train at great expense. With the com
ing of this road Goldfeld' 3 real period
Of greatness will begin. Ores will then
be handled at a great profit where in
the past transportation costs prohibit
ed shipment, thus cutting off mining
On some of the most important lodges
of the district.
There has been q phenominaa ad-
vance in prices of the Goidfield stocks.
Some that sold in February Of this
year nj a few cents !. share are now
selling steadily at about the dollar
point. While no such wonderful in
ereases in the prices of stock may be
looked for in Goldfield as in Virginia
City in the best days of the Comstock,
the Belcher having advanced in one
year from $3.50 a share to $1,525, and
Crown Point from So Il share to $l,S25,
yet it is entirely within reason to be-
lieve that there will be a marvellous
advance this year in prices Of all lead
ing Goldfeld stocks.