Los Angeles herald., 1907-05-27
MINE WORKERS
SECURE RESULTS
G0LDFIELDC CAMP FAIRLY HUNS
WITH INDUSTRY
Yellow Stuff Coming to the Surface
and Many Tons Of Rich Ore
Shipped to the
~ Mills
Special to The Herald.

GOLDflELD, New, May 26.-In the
palmiest days Of it's mushroom growth
no prairie city ever presented a more
active appearance than do the hills
surrounding Goldfield following the
strike and idleness. On every hand
north, south, east and west-the noun
tains are dotted with evidences Of the
search for gold. Not only the old
leases, which were in operation before
the trouble, but new ones in large
number are coming to life, until now
conservative estimate places the num-
Der of leases which are in active oper-
alton at three hundred. This does not
include the prospect holes nor the holes
which are being worked by windlass,
but those which are equipped with
the paraphernalia which are necessary
to the quick development of the mod
ern mine.
AS a natural sequence of the recent
sensational strike on the Little Flor
ence a greater portion of the activ-
ity is centered around Milltown and
adjacent territory. Every lease with
In reasonable radius is being worked
to its full capacity in the hope that
the rich ledge which was uncovered
on the Florence will be encountered.
And there is every reason to believe
that not a few of the surrounding
ledges will soon be in the rich ore.
But all of the good values in the
district are not confined to the prop
erty before mentioned, and SO in other
sections there is the same interest
manifested. Both old and new leases
are working night and day with no
abatement, to the end that the hidden
treasure may be brought to the sur
face and returns given for the large
sums of money which have been in
vested in the search for it.
Shipment of Ore
The mills in the Goldfield district
show increased activity as the result
of actual mining operations. The ship
ments of ore for one week to the Gold
field, Nevada, reduction works make
this showing:
Tons.
Burns -Beesley lease .170
Loftus-Davis lease ...............9 96
Reitz lease, Francis Mohawk dump 2SS
Mohawk l.. & D. Co., Francis Mo- -
hawk dump ..'..'.
Jumbo NEUTRALITY-SUSPICIOUS.. 1886
McKane lease, Quartzite dump. g
Little Florence ...........''''''''
ST. Ives Leasing Co. ............... 20
Total ............ ......... '''' AoAo
This shows over one thousand tons
of ore handled by one Goldfield mill.
shipped from the Mohawk one day nine
carloads, approximately $50 tons. This
went to, the Nevada Ore. Purchasing
company at Miller's siding. From the
Oddie dump on the Mohawk two car
loads were shipped to the same place.
1t will be seen that in all nearly
1000 tons of ore went out of the dis
trict during seven days. This does not
necessarily represent all of the product
of the mines here, for many OF the
leases are piling pay ore on their
dumps and will allow it to accumulate
until a large quantity is accumulated,
when shipping will be commenced.
High Values Found
The Mohawk Jumbo Leasing COM
pany struck it rich at a depth of 415
feet. The drillings show a value Of
s6767. while samples taken from two
feet across the ledge returned $1657 a
ton.
The president of the company hold
ing the lease is j. p. Lotus; the vice
president, George B. Holleran. and the
secretary and treasurer, j. H. Macmil-
Ian. Aside from the treasury stock of
o50 O00 shares Mr.. Macmillan and Mr..
Holleran own practically all the stock,
tbe holdings of Mr.. Lotus being of a
minor nature
No Market Manipulation
George Wingfeld in a recent inter-
view said:
purchased some 10000 or $4,000 shares
of Goldfield Consolidated Mines stock
at an average price around 81 a share.
7 bought it because I thought 1T was
bargain at that figure. However, l do
NOT think it good business to go into
the market and buy all of the shares
offered. I am buying stocks OCCASION
ally. perhaps often, but operating in
the stock market is not my business.
And there is where the public fails to
Judge correctly as to what Senator
Nixon and 1 are endeavoring to do.
In the case of the Goldfeld Consoli-
dated Mines company, particularly, we
are nining-trying to permanently de-
velop a great mining property-and not
seeking to make market in which we
can unload stock. We might, If we
were trying to manipulate the market,
advantage ourselves, very materially
and we might, also, do good to some
promoters and professional traders.
But we believe the work in which we
are engaged is of more permanent i'm
portance than that which we might
be doing, and So while we are operat-
ing in the market to some extent we
are not endeavoring to influence its
movements"
In the Wonder district work is being
rushed on the Ajax Wonder and Gold
en- Wonder, and both operations are
now able to show picture rock to vis-
:tors. In fact all of the properties
surrounding the Red Top townsite are
looking good, and more work is being
done in that vicinity than in any other
part of the district To the north of
this townsite, on the Spider Wasp
group, twenty-three leasers are at work
and the company has started its own
work on an extensive plan. The town
Of Wonder is filling rapidly and each
day sees long trains of freighters
1adened with mine machinery and camp
supplies pulling across the desert from
Fallon, while autos, packed to their
capacity, daily deliver big human car
goes in the earth.
The deep secrecy which has hitherto
been maintained respecting develop
ments on this great property has been
in measure released, and more or less
information is now current in the
camps. 1t is stated on good authority
that in the winze from the tunnel level
there is at present seven feet of ore
from which assays better than $500 per
ton have been taken.