The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1906-12-22

(Fron our own Representatives..
Rhyoiite. New, Dec. 2o.-The Mont
gomery-shoshone. schwab's incorpora-
lion. Is assembling an ore shipment.
which will run very close to the million
dollar mark. The company has now
between four and FIVE thousand sacks
Of ore, at the tracks of the Las Vegas
& Tonopah. This Is to be sent at once.
to the smelters at Salt Lake. and when
the spur now being built to the dump.
IS completed. the rest of the consign-
ment will be hauled. The entire ship
ment will aggregate over two Thousand
tons of high grade ore.
The Shoshone people are rapidly COM
pleting arrangements for the installa-
ton of their big reduction plant. Tim
bers for the new mill are being framed
at San Pedro. California, to be shipped
at once. and the machinery is expected
on the ground in a short time. The
company is now employing over 100
men. one-half of which number is en-
ployed in surface improvements. The
company has arranged with the Nevada
Power Mining & Milling company to
furnish power and light for the mine.
by the first OF March. On this date 1t
is expected to have the big mill in OPP
Grafton. The capacity of the plant will
be about 500 tons a day.
1t is stated by the management that
ore running from IS to IS per ton can
be handled at a profit. Besides this. the
ground discioses a shipping grade of ore
which will run into the hundreds.
In the meantime. development work
is being carried steadily forward. The
-oosr xuorgfD4 shaft urhf1h 10 ~ thraa
compartments. is now down $50 feet.
and 1t is the intention to carry the open
ing to the 1.0O0-foot level. A hoisting
engine will be installed at once. with a
75-foot gallows frame. This shaft was
only recently started. and work is being
advanced in the speediest manner pos
sible. Besides this. the company is
sending a tunnel rom the east side of
the mountain. to connect with the work.
ings on the west side. Thousands and
thousands of feet of development work
nave been performed. and the amount
of ore blocked out. according to reliable
estimates. viii go into the millions.
The Homestake. Gold King. and Nash
VILE properties have been consolidated
under the name of the Homestake King
Mining and Milling ompan h ag-
gregate stock of the merger units was
81 900, 900. This has been reduced to
81. 100000 In the consolidation. The
ratio of reissue provided for at a meet
ing recently held. is as follows:
Homestake. share for share OF the
merger stock; Gold King. three for one;
Nashville. ten to one. The outstanding
stock of the Homestake and Gold King
is about 800, 900 shares of each, and
the Nashville has about 600, 900 shares
out.
1t Is urged that a union of these three
corporations, composed practically of
the same people. and controlling ada
cent holdings under one management,
will greatly reduce operating expenses.
All three 1t is stated, nave substantial
treasures. and 1t is the purpose to ac-
lively prosecute development. The
Homestake and Gold King are among
! the best known and most favorably re-
garded mines in the camp.
The Skookum. situated on Bear Noun
tain, made its first shipment this week.
1t consisted of 20 tons of high grade
ore. and was sent to the smelters at Salt
Lake. No effort has been made by the
management to assemble a consignment,
but the present one was taken out in the
general course of development. The ore
is silver. copper and gold. n will run