Los Angeles herald., 1907-08-19
CASH PAID
BY MINERS
$4,000 IN DIVIDENDS TO STOCK
HOLDERS
eoLpFIELD PRODUCERS MAKE
PEOPLE HAPPY
Values from the Thanksgiving Are
LIsted-Formatlon Of New COM
panles and Consolidation
of Properties


Combination Leasing company paid its
first dividend of 10 per cent on Thursday.
the amount paid being $4,000.
This lease is a combination Of the Ish-
Sheets lease on the Combination and the
Stone-K -Kalfus lease on the Mohawk. Ii
is now shipping at the rate of three car
loads a day, and will increase this out
nut. 1t is expected to four carloads a
day, or approximately 1L0 tons.
1t is the intention of the directors to
nav 10 per cent dividend every fifteen
days. which, at the present rate OF pro-
duction in high grade, can easily be
maintained. The lease has fuliy four
months yet to run, and it is the hope to
have the total velvet approximate
million dollars.
Fred Siebert, who opened up the big
Mizpah mine at Tonopah. may be put in
charge of the lease within few days.
Values on Thanksgiving
Gold values ranging from $257.74 to 1861
the ton and averaging $101.49 the ton is
the record at the Thanksgiving mine. The
assays, four in number, were taken from
the ore showing in the bottom of the
shaft (266 feet) and gave the following
gold contents: $257.74, $124.S7, $6.74 and
s16e1 per ton. In taking these samples
care was exercised to secure fair av-
erage of the ore showing across the
ledge.
reputed to carry tellurium, and was first
encountered in the shaft at a depth of
236 feet At that point it carried values
of $40 in gold to the ton and had an
average width of five feet AS 1T stands
almost vertical it has since remained in
the shaft and has increased its average
gold grade and maintained its average
width with depth.
Pumps, air compressor and other ma
chine equipment have been installed at
or near the collar of the Thanksgiving
shaft and it is expected that six air
drills will be in operation within week,
at which time another shift of miners
will be employed At present two shifts
are engaged in shaft sinking.
Look for Big Strike
What may develop into one of the
most important strikes in the history of
the Goldfield district is looked for on
the Jumbo Wonder lease on the Pole
verde claim of the Jumbo Extension
ground Early last week ledge three
feet wide was uncovered, and while the
values as yet are nominal, they are sui
very encouraging. Stringers of good
quartz are running through the ledge,
and every indication points to the fact
that within a short time good pay
shoot will be reached.
The discovery was made in the crosscut
to the southeast, about 100 feet from the
shaft at the 200 level. large force OF
men is going ahead with as much speed
as possible after the ore that is believed
to be almost in reach. The equipment is
more than adequate to handle the ore If
1t should be found and the management
is bending every effort toward the desired
end.
Five Companies Consolidate
The sentiment in mining circles in Es-
meralda county seems to be for conson-
dation. Following closely upon the an
nouncemenc of the uniting of the Ne
yada Consolidated, Cumberland Ely
and Ely Mines companies, comes the re-
mort that Henry C. Stuart, the New York
mining magnate, who has been operating
extensively at Cherry creek, has effected
n consolidation of the five active cor
porations in that old-time district, which
he controls.
Although 1t was known that Stuart
had been working on the proposition for
several months, the first intimation that
he had succeeded in the undertaking
came with the filing of articles of incor-
poration with County Clerk Miles of the
Stuart Gold Mines Holding company.
The company is capitalized for S2,500,00O
divided into shares at the par value of
81 each. The holdings of the concern are
five miles south of Cherry creek. on the
old overland road. in the Gold canyon
mining district.
The names of the five different COM
panies that have been absorbed are the
Golden Canyon Mining company. Gold
Canyon Extension Mining company, Co
comonga Gold Mining company, Cherry
Creek Gold Mines company and the Ant
werp- Nevada Gold Mining company.
New Companies Formed
r. H. Greer and Charles Pumphrey of
Los Angeles have transferred to the ST.
Ives Mining company a group of mining
claims on the desert, the company having
lust been organized and Incorporated to
take over the property. Articles of in
CORPORATION were filed Tuesday with the
county clerks office. the authorized cap
ital stock being placed at $4,000, of which
SO has been actually subscribed. Among
the claims affected are the Two Friends
and the Mohawk.
Deeds to fifteen mining claims in the
Coolgardie camp were filed for record
Yesterday by Henry Mountain of New
York, who takes over all the holdings
of others in that camp. This is said to
be exclusively a placer proposition, and
if machinery can be devised to success
fully work out the gold it is expected
that very rich camp will soon develop