The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-19

there IL talk Of putting up . mill with q
cyanide plant at Silver Bow. AZ there IS
said to be thousands Of tons Of ore In
the district which will 20 in the neigh
borhood OF $50 a ton. Some of the ore
uncovered by the swedes will 90 as high
as 10000 and $4,000 a ton.
THESE things are lending encourage
ment to the men of Tonopah. and We
have the knowledge. besides. that no
matter how the depression may in
crease. IT cannot affect Tonopah. The
reason for this Is that there Is no Ian
ger of the mines shutting down for lack
Of funds. The mines that now are rum
ming are all producers, and there IL no
more reason for shutting down the mills
and the smelters than there II of clos
ing down the mints. The stock of the
Tonopah Mining Company may decline.
but there is not a man the less at work.
and the Desert mill at Millers. owned
by the company. Is running to the full
capacity OF its 100 stamps. The ship
ments to the smelters are. II anything.
on the Increase.
The same is to be said Of the Bel
mont. The big mill Is running to the
limit of its so stamps. and there Is no
tdik Sk fttFtUtumtut III any iiHcs AoF
the very good reason that the more men
there are at work the greater the pro-
duction. There was some disappointment
in the east over the ~non-payment of
the dividend last month. but eastern in
v~estors are strangely un~reasoning. from
the western point OF view. While the
mill Of the Belmont was under CON-
struction the stock was steady at 80 q
share. or in that neishborhood. n the
stockholders ciamored for the extra
thousand shares which were offered
from the treasury to pay for the mill.
The mill Is finished, n the clamor for
the resumption of dividends Is set up
before the plant has been fairly tried
out. No dividend appearing. down goes
the price of the stock with an awful
crash.
The action of the stock of the Mon
tana Tonopah was Identical with that
OF the Belmont. The price hung around
SO a share until the mill was COM
pleted. then II went to smash. These
are things which II Is hard to explain.
1t w:= heraided to the world that the
completion OF the Montana Tonopah
mill would make So ore an asset of the
company. When the mill Is started with
20 stamps II IL discovered that the ore
going through 1t Is not only s. ore. but
that its value reaches twice that fig
ure. again there II talk in the east
about dividends. This talk m before
the mill IL in full operation. and there
has been no treasury stock offered to
! pay for the plant. The cost of the mill
must come out OF the mine.
The mill OF the Montana Tonopah has
now been running to Its full capacity
for more than two weeks. A cleanup
for two weeks has been made, n the
result. Of course. II far ahead Of that
Of the preceding month. During this
week there were shipped 10 tons Of con-
| centrates which went 1891 to h ton.
On Wednesday there were 100 pounds
Of precipitates from the cyanide solu-
ton sent out by Wells. Fargo q Co.
which were valued at nearly $1,000.
This makes a return to the mine for
the first two weeks OF the month more
than 10000. To be sure these are not
Mohawk figures. but a mine that IL
producing $50. 900 a month IL a mine
we'll worth having. 1t means q million
dollars a year.
The Midway. Belmont, Jim Butler are
all producing enough to keep the wolf
from the door; and the Tonopah Extern
sion. which is not making n pretense
OF shipping. is more than paying the ex-
penses Of prospecting in the lower lev
els. and putting by something each
month for the treasury. President Gil
lies said this week that there Is a great
amount Of ore in the Extension, and
that there is every indication OF finding
the body below the dacite intrusion.
| What this would mean to Tonopah
everyone familiar with Its history
knows. 1t would mean the establishment
OF permanency at great depth. and ex-
perts who have made a geological study
Of this camp have expressed themselves
as certain that his Is the case.