The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-09-07

lion dollars. The cost of the 40-stamp
mill of the Montana Tonopah mill was a
little over 100000.
According to the report of the Tono-
pah Extension the shaft has been sunk
to depth of LOGS feet. This is an in
crease of 80 feet in three months. The
work was done in little over month.
really for the depth was attained on
June Sth, and a crosscut was started
north from the 1850 level.
On the 270-foot level the only develop
ment work done was No. 10 raise.
length 80 feet very good grade Of
shipping ore is being taken from the
stope west of the shaft. On the inter-
mediate level between the 27o and 400
levels, 274 feet of prosecuting has been
done, with promise of better develop
ments. There are some good slopes be-
tween the 400 and the 27O level. which
are being actively worked and which are
producing shipping ore, the quality of
which is improving with progress
A very good grade of shipping ore Is
being taken from Slopes r~tween the 400
and the 500 levels. The report proceeds
as follows:
Six hundred-foot level-No. 8 crosscut
north continued 146 feet. West drift
from No. croscut, 20 feet. West drift
on main vein continued west II feet. The
west drift on the main vein is at present
in broken-up material Of no commercial
value. We hope to be able to drift
through this in probably $50 feet. and
then encounter the vein in an undis-
turbed condition, which should be pro-
ductive of a good grade of ore.
One thousand fifty-foot leve1-The
croscut north from shaft on this level
was started June 9th. its total length to
date is 2O7 feet. The first SO feet of this
crosscut is a double-track crosscut;
from point so feet from the shaft to
the breast of the crosscut, the same is
five feet by seven feet. AS the crosscut
continues north toward the extension OF
the vein, the lode porphyry is gradually
getting to be of a lighter color. which
is a very satisfactory indication. esti-
mate the distance from the shaft to
where the vein should be encountered on
this level at 1000 feet. Unless some
thing unforeseen happens we should
crosscut the vein by February l, 1908.
The ore shipments were as follows:
May. $10.532.0S; June, $29,140.46; July.
$13O4311 The balance on hand in the
treasurers hands on May 1st. was $685.
384.s9 land on August 1st. $103.5S1.25.
On such showing Tonopah Extension
looked like very good buy at 81 a
share, and it is even yet. at an advance
of 80 cents a share.
The Goldfield labor troubles have un-
doubtedly had a bad effect on this mar
ket. Immediately upon 1t being made
known that the miners took no action
this week there was flood of selling
orders received from the east by at
lease one firm, and these were selling
orders for both Goldfield and Tonopah
securities. This is a straw which shows
the feeling in the east in regard to the
labor troubles, and how important 1t is
to have them settled.
Mr. Catlin of the firm OF Catlin &
Powell of New York was here this week,
and he expressed confidence in the early
settlement of the troubles. He said that
the east was very favorable to this
camp, and that they had never been hurt
by it. Tonopah, he said is regarded as
a solid field for investment. He also
said that this section Of the country
might look for the investment of plenty
of capital this fall and winter.
Midway stock seems to have reached
bed rock in price. and from the condition
of the mine there is no better investment
than Midway in Tonopah. The manage