The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-04-27

ing company is operating two shafts
on their Florence lease; one Is down to
a depth of SO feet. from which point
they have drifted so feet through a
formation that assays better than $40
a ton in many instances. On the other
shaft a large gasoline hoist is In opera
ton. This shaft is down 100 feet, and
drifting is in operation from the 150-
foot level, IL being the intention of the
company to encounter the Doherty ledge
which has peer traced to their end line
and which assays from 500 to $3.50 a
ton. In this big shaft many good as
says have been obtained. The Nevada
Leasing company also has a lease on the
Manhattan Standard property at Man
haitian. Or their block Of ground rich
gold paintings are readily obtained.
Preparations are now being made to Sc
cure a lease on a property in Inyo coun-
ty. If this lease is obtained the ship
ment of ore will be commenced one week
after work is begun, as a large ledge
outcrops that assays from $50 to s136
the entire width.
GRASS VALLEY, CAL-Your sur
misses are right. The Hearst-Jaggers
is not working, has not been working
for some time, If it ever was, and the
! company appears to be a dead one"
with little prospect of investors ever
getting a penny back. 1t was one of a
bunch of wild cats ~so-called, fioated
by employees of well known brokerage
houses in the early days of the camp,
but for which 1otations the brokerage
houses themselves disclaimed any re-
sponsibility.
GERMANTOWN, PA.-The Goldfeld
Peerless Mining ompan has a capital
~ization of 1000, 900 shares, full paid and
worcestershire. 1t owns outright 124h
acres, consisting of the Louise, Brownie
and Victoria claims at Goldfeld, the
Hazeltine Extension and Hazeltine Ex-
tension No. 2 at Bullfrog, and 40 acres
at Searchlight, Nevada. A good strike
is reported on the last mentioned prop
erty. The Louise is a fractional claim,
but we'll located. The Globe Finance
company, of Denver, is fiscal agent for
this company and we believe will see
that all money derived from the sale of
treasury stock is properly expended and
that development work or the property
will be pushed.
AMADOR CITY, CAL.-You to
know about mining stocks bought on
margins and held by brokers in San
Francisco; stocks probably burned in
recent fire and brokers books destroyed,
leaving no record of the number of the
certificates in existence. You ask what
one can do under such circumstances in
order to save the investment" If you
state the case correctly, you are in a
bad way, truly, but we understand
from local brokerage houses here that
all brokers in San Francisco succeeded
in saving their books and stocks. There
was plenty of time between the earth
quake and the general spread of the
fire to enable such a rescue and We be-
lieve you will not nave to anticipate
such a situation as you set out.
BROOKLYN. - The Goldheld Blue
Bell Mining ompan has a capitaliza-
ton of 1.4O0, 900 shares of a par value
of 81. It's properties consist of three
well located claims in the Goldheld dis
trict, comprising approximately so
acres. ]. Pierson. OF New York, is pres
ident; II. c.. Morris. vice president, and
w. H.. Whitmore, secretary and treas
urer. These. together with F. H.
Lathrap and r. A. Martin, constitute
the board of directors. Work has been
steadily pushed and a considerable
amount of development has been accom-
plished with a good showing. We I'M
derstand that the greater part of the
treasury stock has been sold.
PITTSBURG.-The Wheeling Gold
field Mining company has lately pur-
chased property in the Liberty, Gold
Range and Goldfeld districts, of Ne
Extensive development work On
the several groups is planned. Surveys
have been made for patent on a portion
of the group. The company has several
shafts, varying from 10 to so feet deep.
DENVER.-The Nevada Consolidated
Copper company, of Ely, Nevada. is soon
to begin the erection Of the concentrate
ing and smelling plant. The original
Intention was to construct the first unit
of 1000 tons capacity but later the plan
changed and it is now proposed to
make the first installation 1880 tons
daily capacity. AS soon as the first unit
is in operation the company proposes to
making the entire plant capable of
handling $500 tons daily.
NAPA. CAL.-The shat on the Cali
loInla IonOpdu prOpSrly at IOnOpdn,
Nevada, has reached a depth of $50 feet,
and it is to be sunk to the S00-foot
point before prosecuting begins. Work
will then also be resume in the cross
cut started from the 65O-foot point.
PORTLAND, ME.-The new hoisting
plant of the Original Bullfrog company
was placed in operation the latter part
of March on it's property at Bullfrog.
Nevada The plant is over the 70-foot
shaft, from the bottom of which cross
cutting has already peer started. Sink
ing has also been resumes and the force
of miners increased.
ROCHESTER,, n. Y.-The Twentieth
Century Miner of San Francisco is a
promotion paper pure and simple and
of spasmodic existence. 1t was starred
some months ago by some promoters
who were unable to get their advertis-
ing into the more reputable mining
papers of the country. When it had
served the purpose of these promoters,
the paper suspended. Later, some other
schemers revived the paper for an issue
or two, but there is no probability that