The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-26

listed on the exchanges Of Goldheld Is
the Old Gold traded in on the Colorado
Springs exchange. The mpan mas
property both in Cripple Creek inc Gold
field. The Goldheld property is near the
Lone Star on the northeast But little
work has been done on IL. Some stock
changed hands on the local xchange
lately, the furry being caused by a rich
strike in the Cripple Creek property. A
shipment Of 27s pounds of ore from the
Old Gold property. recently made to the
Eagle sampler In Cripple Creek. returned
$3.50 per pound. or at the rate of $21,-
1855 per ton. This is around the highest
grade ore ever produced in the camp. be-
ing exceeded only by the w. p. II. ship
ments. Royalty to the Old Gold COM
pany is s933.14. The ore body is two feet
wide, but the high grade stun Is in
punches or streaks. The ore body looks
permanent at 230 feet from surface or
within so feet of the original discovery
in the mine in 1908.
p. o, Des IEoinss. The stockholders
in the Manhattan Gibraltar n Greater
Manhattan Consolidated Mines COM
panies at a stockholders meeting on
January 25 last placed the management
in the hands of a board of directors con-
sisting of F. G.. Tyrrell. president: b. M.
Blythe, vice president; E. W. Parker,
secretary n treasurer; ]. c. Ord and
Henry Schaefer. The two companies
were consolidated into a new company
known as the Manhattan Gibraltar
United Mines company with a capital
stock Of 81, 900. 900, which was the COM
bined capitalization of the two old COM
panies. An exchange of new stock for
old was offered on a basis of share for
share, all stock to be pooled until jan
nary 1, 1908. If there are n stock
holders in the old companies who have
not made this exchange, they should
write Immediately to E. W. Parker, 634
/. w. Hellman Bldg, Los Angeles. who
is the secretary of the new company.
L. p. ., Carnegie, Pa The Mckin-
ley Gold Mines company is an Arizona
corporation, with a capitalization OF
10, 900, 900 shares of 81 par value. $780,
900 shares in treasury, balance pooled
until 5000, 900 shares of treasury IS
sold. The property of the company con-
sists of 22 claims in what Is known as
the Cold Springs mining district in Boise
county, dab The plan of development
is by tunnel which Is to be driven a
distance of 5000 feet to open up hve
veins outcropping on the surface. AS
says taken from prospect shafts. open
cuts, etc, are said to show an average OF
$50 per ton in gold. The property ap-
pears to be well regarded and the man.
agement is energetic. The capitalization
is unusually heavy for undeveloped
property and on the surface would seem
to be a great weight.
7. II. g., waco Tex. We understand
the Snow Cap and Snowbound claims at
Manhattan, owned respectively by the
Manhattan Mutual Mining company and
the Sierra Nevada Mines Development
company. are to be patented at once as
developments on ~neighboring properties
are proving very encouraging. The
claims sideline each other and will be
worked as a single property. the man
agement being in the hands OF the Con-
~tinental Consolidated Mines company.
which owns a controlling interest In the
stock of the companies owning the
claims. The patent work will consist OF
a single shaft near the common side
line of the two claims. and as soon as
it is sunk to the required depth the man
agement will take up the question OF
further deepening the same.
G. q. r, Columbus, o. The board OF
directors of the Wonder Great Eastern
Mining company. which is developing
the Great Eastern group at Wonder.
New. located about 1900 feet northeast
Of the well known Spider and Wasp
n~ronerty. has Just authorized the letting
of a contract for drifting from the bot
tom of the main shaft on the Great
Eastern property. Successive contracts
are to be let for so feet each. Mr.. A. II.
Douglass will be in charge of the work.
In sinking the shaft. while the mineral
was irregular, the values increased regu-
larly from about 81 at the surface to
about $50 at go feet, n then dipped
out Of the shaft.
Z. D., watsrtown, y. Z. For answer
to your request for information on
Butte Boy, see news column, today's
issue.
=. O. D., Cleveland. The Mohawk Con-
solidated cut a small but rich vein sew
eral months ago but the ore pinched out.
The lease has lone no work for some
time.
=. 4. T., Atlantic Ctty-The Man
haitian Mining company has not as yet
resumed work Oh its property.
IN