Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1907-06-15
EDITORIAL COMMENT
TONOPAH,s MISUNDERSTANDING OUTPUT.

The ore shipments from Tonopah for the past week show the great
est production yer known in the history of the camp
When Goldfed was in her best days, when the camp was a house
hold word for her great strikes, her wonderful values; when prices Of
stocks were soaring STEWARD N when m investor % TN east any
from the west would have nothing in the way of properties and secudt-
les that were not of Goldhedi the output of both camps could not com
pare with, that of Tonepah for the past week.
The shipments from Goldheld for the past seven days totared $50
tons; how much more the production amounted to we do not know. for
there seems to be n way of getting at the returns Of the reductions
But look at the output of Tonopah for the same time.
The amount of ore that went to the smeters and mills vas 62s1
TONS Roughly estimated at the most conservative figures, this would
amount in money to sS5O,OOO.
Fairly good for a weeks work in the mines. In a year this would
mean more than 81, 100000.
This does not mean that the production for the coming year will
amount to s1s,OOO.oOO. No indeed; it means that it will amount to much
more. That this is no idle saying let us look into facts, cold metallic
facts, and prove the assertion.
The extraordinary increase in the production of the camp is due to
the mnls. OF thu amount of tonnage reduced this week 41sO ton went
through the mills; the balance to the smeIters. The major portion came
from the Tonopah Mining company, the rest from the Belmont mine.
The Tonopah company operates the big mill 1t Miners and the Midway
mill The Belmont mill was completed about ten days ago and this is the
first weeks run.
The big mill is dropping only eighty stamps, while the Belmont has
only twenty-four Of its sixty in operation. The mill of the Montana Ton
opah is being rushed to completion. and it is thought that it will be ready
for business within sixty days.
The increase of the output of the camp with all these, stamps drop
ping can be better imagined than estimated at this time. The Montana,
for instance. has not les. than $4,000 tons of milling ore on the dump,
and this is but a drop in the bucket to what is blocked out in the mine.
With the Montana mill in operation IS ore becomes a n asset of the
company and doubtless the same is true of the other mines. With the
completion of the Montana Tonopahs plant there will be 2O stamps
dropping in the camp, pr an increase of eighty over the number that
produced the enormous output of this week.
This will mean easily IN addition of more than 5000 tons a week.
In short Tonopah will be producing approximately 10000 tons of ore
a week.
week, the production W as pointed to with pride, and the camps we're then
said to be upon a most solid basis. What shall be said of Tonopah
under present conditions?
More ore being produced than ever; lore shippers in the camp;
higher dividends being paid, and the stocks lower than they were a year
ago. How long "a this condition last? Are the securities of Tonopah
good Investments or not? What say the wise men of the east who
went broke against the wheel of Wall street? How do the Nevada stocks
compare with the industrials of New Work?
Here is food for thought for investors, be they in the east or in the
west, the north o the south. Here are figures from which there is no
escaping; returns which there are no denying
The man of finance looking for Legitimate investment, who has these
figures before him. will not hesitate in putting his money into the Sc
curiies of Tonopah; because he knows that his money is safe, and will
yield him big returns.
In the circumstances, it is not reasonable to suppose that the stocks
re going to remain where they are for long. The financial condition
of the east canno stay much longer in its present rut; the labor situa-
ton in San Francisco soon must be bettered. When things are again in
normal condition, then look out for a rapid rise in the securities of Ton
opah. Right o those securities are better buys than government bonds.