The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-07-13
(From our W Representatives.

(From our own Representatives.
Tonopah. July 12.-There is a better
tone prevailing in this camp than there
many reasons for 1t. The freight en-
barge having been lifted has created a
better feeling; more ore cars have been
ordered to keep up with the procession
of ore from Mount Oddie; the Tonopah
mill and the Belmont mill are now run
ming to their full capacity; the Montana
mill is very nearly completed. and the
inquiry from the east regarding Tono-
pah properties is constantly on the in
crease.
There is due here at the end of the
week a party of eastern capitalists. who
are coming to inspect the mines with an
eye to investment, and the party Will
probably make a tour of the rest Of
southern Nevada. The Tonopah stocks
did not materially advance unde the
slight boom that was on during the
holiday week, possibly for the reason
that the big company decreased its
regular quarterly dividend. There has
been a decline in the price of Tonopah
Mining, perhaps for the same reason.
But the decline does not effect the pro-
duction of ore, nor the amount that goes
to the mills and the smelters.
Belmont passed it's dividend Of ten
cents, and there was reason for that.
The company has been under heavy ex-
pense in putting up the sixty stamp mill
which has just been completed. That
work., which resulted in the construction
Of one of the finest mills in the country.
cost the company over three hundred
thousand dollars. 1t may not be gen.
orally known; 1t is not in fact, but the
company is offering 100.0 900 shares Of
the treasury stock to present holders
at SO a share. This is regarded as a
snap. and those having the allotments
will have no difficulty in disposing of
the same.
Belmont is incorporated for 1000, 900
shares. but up to the present time,
there has always been reserved in the
treasury. 500, 900 shares. and the COM
pany has a world of ground on both
sides Of Mount eddie. The mine is
considered one of the very best in the
camp. for as we'll as having a noun
tain of milling ore blocked out they
have been encountering of late some
remarkably high grade stun.
They are putting the finishing touches
on the Montana Tonopah mill and 1t
Is expected that the stamps will be
dropping before the end of the month.
F. L. Bosqui. considered n of the
greatest cyanide men In the country is
in personal charge of the mill. and will
himself select the men who will be en-
ployed there. This means wonders to
the Montana, for there is no end of
milling ore awaiting to be treated at
the mill, and If the same success Is
met with in this mill that has been the
good fortune of the two at Millers, the
output of the Montana will increase
to an enormous degree.
That the east has finally awakened
in earnest to the opportunities and pos
sibiiities Of Tonopah is emphasized
every week by the arrival of some of the
wise men of the East. They all bring
the same story; that the eastern in
weston and speculator has tired of the
manipulation of the Wall street machine
n want to put their money into m
thing hat will pay dividends or will
have some chance Of increasing In
value.
David Schayer, one of the managers
of the house Of Alder Loeb of New