The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-06-22
DEMONSTRATING WORTH
OF TONOPAH MILLS

Tonopah. New. June 2O.-The mills
have begun to demonstrate what they
mean to this camp. The amount of ore
reduced last week both by mill and
smelter was $500 tons. This Is but
the beginning of the work of the mills;
and his is not all that the present
capacities of the grinders will pro-
duce.
The amount of milling ore that re-
NAMED at home to be crushed was
3,240 tons from the Tonopah company
and $50 from the Belmont. The pro-
duct of the latter was for the first
weeks run in it's history, the mill hav-
ing been completed little more han that
time. The Belmont has sixty stamps.
of which number only twenty were
dropping. OF the Tonopah's 100 stamps
only eighty were in use last week.
When the mills are running in full
blast there will be one hundred and
eighty stamps dropping in the camp.
and one may judge what this will mean
in the way of increased production. But
this is not all. The forty stamp mill
Of the Montana Tonopah is still to be
heard from. Only the failure of some
of the smaller parts Of the machinery
to arrive is delaying that structure from
completion. But this means only a
slight wait before the mill will be in
operation.
When this comes to pass there will
be 220 stamps dropping in this camp
alone. At the present rate Of production
this will mean an output of about ten
thousand tons a week. Small wonder
that tho Tonovoh Nrirt-- oo,coo-,
pay q dividend of fifty cents a quarter,
and promise a dollar for the next quar-
ter.
Belmont has only begun with her put
put, and the amount of reduction will
be more and more as the days go by.
Belmont is now paying ten cents per
share a quarter. She will be paying
twenty-five cents a quarter before h
year is out. This is what the best
informed men on the mine say, and they
know whereof they speak.
What will this mean to the price
of the stock? When Tonopah began to
pay twenty-five cent dividends the stock
shot up and never stopped until 1t
reached the twenty dollar mark. 1t Is
not saying too much for Belmont tina
she is good for ten dollars, and there
is no reason why she should not go
higher. To be sure the capitalization
of the company is 1000. 900 shares. but
the fact must not be lost sight of that
there are SOC. 900 shares in the treasury,
which will remain there. The mill has
been completed and is paid for. All
Belmont has to do is to crush her ore
and take her profits.
Charles f. Knox. president and gem
eral manage of the Montana Tonopah:
and Mark B. Kerr. consulting engineer
of the property were in Tonopah this
week. and made a thorough inspection
of the mine above and says that the
mill will be finished by the middle Of
next month. 1t should have been ready
for operation by the first of the month:
but there was a delay occasioned by the
non-arrival OF small parts OF the ma
chinery; and II is the hardest matter
In the world to get these things out Of
the machine shops Of the East.
TIL work OF Engineer Kerr. was of a
wider scope and Of much Importance
the camp. Mr.. Kerr is consulting
engineer. not only of the Montana. but
of the Midway, North Star. West End.
and the Mizpah Extension. He investi-
gated all these properties; the general :