The San Francisco call., 1906-09-17

TONOPAH, Sept. 16-Martin L. Eff
finger, the man by whose energy the
sale OF the famous Bl:.ir, mine at Silver
Peak was accomplished to a coterie
OF Plttsturg men at fabulous sum,
has just returned from Pittsburg.
where he had been in consultation with
the directors OF the company. He
states that the big reduction plant
which the company has planned for the
property will be contracted for by
October i, as the bids are expected in
By that time The company is building
branch road from the main line to
Silver Peak, distance of fifteen miles.
Mr.. EfTinser expects to have the road
complete to within six or seven miles
OF the camp by Sunday. and the whole
line in operation by the first. This
will be of great value to the section,
as many mining companies, among
others the Golden Silver Peak, now
controlled by the Nevada Smeltcr and
Mines Corporation, are awaiting the
advent of the railroad to make ship
ment of the high grade ore being piled
up on their dumps
TONOPAH, Sept 16.-Monarch, the
town being started on boom principles
some fifteen miles north of Manhattan,
at the head OF Monitor Valley, con-
tinues to be the same enigma to min
ing mon that 1t has been since It's in
ception. Within the past several days
many teams have started from this
place loaded with lumber and general
supplies for the new town. and reports
from there indicate that between fifty
and sixty men are employed the week
ly payroll of the companies amount
Ing to $4,000. Work on the big stone
buildings is going rapidly ahead and
~ III kt,A~
energy or money. Mining men refuse
to believe that the elaborate plans for
the town OF Monarch are founded on
what the ground will produce in the
way of minerals. There is no denying
that there are many excellent indica-
tions of the presence of big ore bodies,
but the town Is the thing. undoubtedly,
in the minds of the promoters. 1t is
stated here that the town is a strategic
move on the part of the promoters to
seize the only available pass through
which railroad line connecting with
the Western Pacific could tap Tonopah
and the region hereabout. 1t is pos
sible that such is the case. as road
from the alleged main line survey of
the Western Pacific could make its
way to this section by means Of the
pass, being compelled to surmount only
two rather easy grades.
TONOPAH, Sept. 16.-It has been
rumored the streets here for the
last day or two that the West Tonopah
mine, located north of town. has en-
countered a good ore body Some who
claim to know what is going on in the
property say 1t was merely a stringer
that was cut. but whatever the discov
cry. the fact remains that the mine
force has been increased and three full
shifts are now at work. The manager
and other officials of the mine refuse
to make any statement of the condi-
ton Of the property. saying that they
are not authorized to do so by the di-
rectors. They admit however, that the
force has been increased. A glance at
the market reports shows that in a
months time the stock of this COM
pany fell from so to 20 cents for no
evident reason. Now it Is slowly
climbing back to its old place and
very little of it seems to be afioat 1t
Is claimed that the slump was caused
by concerted attack on the market
for the purpose of forcing the price
down. the big stockholders desiring,
for some reason known to themselves
alone, to acquire possession of the out
standing shares, and using this method
to do so.
TONOPAH. Sept. 1s.--Malcolm Mac
donald of the Nevada Smelter and
Mines Corporation, which controls the
neVcllle mine at the camp or that
name. states that development is prov
ing most satisfactory. Big hoisting
machinery and compressors have been
ordered and will be installed shortly,
and 1t is the intention of the company
to sink a 1000-foot shaft. Bunk houses
and Offices are being constructed and
the company hopes to have the mine
on splendid producing basis by the
time the smelter is completed. At the