davidaulloa/AmericanStories huggingface dataset:
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-12
WATER FLOW ON JuRITEB
BEING sUCCEOsTULLY HANDLED

At the Jupiter mine they are cross
cutting both east and west on the 270-
foot level. Some fair values have been
obtained but the vein is badly broken
up winze will be sunk at the end
OF the west crosscut, II the flow OF
water does not prove so heavy as to In
terfere with the work If the flow of
water at that point proves too heavy no
attempt will be made to sink the winze
but the shaft will be sunk an additional
200 feet. In the meantime a large tank
station will be cut behind the shaft and
a tank put in to facilitate the handling
of the water. The mine Is now making
water at the rate Of so gallons minute.
The general condition of the mine is
excellent and while no shipping ore has
yet been encountered, the indications are
favorable for the opening up Of good
ore body almost any day.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-12

Active operations are in progress o'
the Gold Bar property. The company IN
addition to opening up ore oodies IN i's
own ground is pushing work on 'he
2o0-foot level of the c. 0. d. which ao-
joins the Gold Bar. operating tnrousn
the Gold Bar shaft. series oi nne
looking lodges have been opened up IN
the G. o. d. ground. where 800 feet OF
drifting has been done. The man ieose
is fifteen feet wide and carries encour-
aging values in gold and copper. nc
copper values are substantial consiae,-
ing the depth Of the workings and while
the management declines to make public
the ASSAY figures at this time. prepara-
tions are being made to sink 10 greater
The company is also planning to oper-
ate tbrourh the shaft of the Gold Bar
Leasing company. which has reached z
depth Of 200 feet Negotiations are no"
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-12

have rig set up and another on the
way. Bert Smith, who is well known
in this city. and others have purchased
a large tract of land. H. II. Clark of
Bullfrog, ]. r. Clark of Salt Lake and
Mr.. Porter of that city are largely in
terested and are pushing development
work. ID. Mackenzie of this city has
purchased a tract of 200 acres, adjoin-
ing the ground on which the expert
mental well was sunk. He has bought
rig and organized a company to de-
velop the property. Another company
has been organized by Aldrich. McMas-
ter and Bond, known as the Nevada
Utah Oil company. They have pur-
chased a section Of land, close in and
have a rig on the way to the ground.
understand the company was financed
by Tom Murphy and Tex Rickard.
IT purchased a tract of 1000 acres
for the Goldfield Virgin Oil company
and we have installed a rig and will
begin operations at once. The main Of
flee of the company will be in Goldfield
and if the experiment is success we
will probably organize number of
subsidiary companies to work there. A
number of other concerns have also
purchased land there and there are If
teen or twenty outfits ready to begin
operations. The next thirty or sixty
days will probably demonstrate the
quar- of oil in the ground. From
indie. ons it looks as II the Virgin
River country was going to develop into
one of the great oil fields Of the coun-
try. 1t costs about $4,000 to sink a
well and 1 estimate that there will be
$4,000 spent in development work in
the district in the next sixty days. All
the land in that section is being held
af high price and the Oh .avester- are
eagerly buying. which is a very favor
able Indication.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-12
GOLD BAR DEVELOPING IT'S
OWN AND c. @. D. GROUND

under way with the leasing company
with this end in view. AS the company
shaft is down but ESQ feet, consideraoie
time will be gained if arrangements can
he made for the use of the leasing COM
pany,s shaft. There are two MAN.
narallel veins traversing the Gold Bar
ana c. o. d. properties, running almost
north and south and about zoo Zee.
apart. Both of these veins carry eood
values in copper. in addition to the gold
values and it is the intention OF the
cold Bar company to carry on develop
ment work at depth for the purpose OF
determining the full extent and value OF
,ns ore bodies The ore is Of shipping
quality but no attempt at extraction Is.
or win be made for the present, as II Is
the policy of the management to thor
oughly explore the ground oefore maN-
ing any shipments Both properties are
under the same management and controi
ana the work of development VIII DC
carried on in a systematic manner.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-12
MOHAWK-JUMBO SHIPPING
AT DEEPEST POINT IN CAMP

The Mohawk Jumbo lease maintaining lead all other
geo This ore is all being taken from the 900 and soooo levels
a on
will
the Jumbo.
ron o /. ton a week
OF
O the is the I'm
The
watched with the lamp Z
$$$$$tt$$tttt$t$<$ . . . . . . . . . . Q . . = .
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-12

The New Eldorado Gold Mining and
Leasing company has been Incorporated
for the purpose of developing a group
of seven claims and fraction in the
new Stimler district, ten miles from
Silver Peak, which it has purchased
and also to work lease on the Stimler
property, in the same district The COM
pany has lease on eight claims and
shaft has already been started on the
Reno claim. The shaft is down 80 feet,
all in ore that assays from $110 to
$1,000 a ton. The values are principally
silver although there is considerable
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-12
AGAIN ONE OF THE
SHIPPING MINES OF CAMP


making
n
enor
the
made Velvet
be
strike made the oofoo
wide
500 ton which the
is
main
level in a
locate the rein on he deep level
- . . . . . . z & . . . . q q . .
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-12
ColGBINATIoM ExTEMSIoN
NAxIM0 INTO 4 NINE

At the Combination Extension mine
an upraise is being put in on the vein,
in the west drift on the 40o-foot level.
The appearance of the vein and the val
ues are improving with every foot and
General Superintendent Mackay OF the
Mackenzie properties is confident that
the mine will be in the producing class
before many months. The east drift
that is being run along the hanging wall
of the vein is also being pushed for
ward with all dispatch. The ore matter
is an exact duplicate, so far as looks IS
concerned. of the famous Little Florence
ore but the high values have thus rar
failed to materialize. That they Will
make their appearance eventually how
ever, is the opinion of every mining
man who has examined the property.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-12
KEWANAS VELVET AFTER ORE

The shaft on the Velvet Is down 361
feet and several small veins have been
cut on that level. the assays going as
high as $50 ton.
On the c. O. d. lease the shaft is
down 140 feet where a ledge of por-
phyry and quartz has been cut that as
says $50 ton. A new 25-horse power
hoist has been Installed on this lease
and the shaft will be sunk to the 400
foot level at once. a station being cut
every 100 feet.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-12
r1Au0x1HE TAxBs LEASE
on C01SDxNAxxox no. 3

w. T.. Traughber, a well known news
paper man has taken lease on the Com
tination claim No. .. OF the Goldneld
Consolidated Mines company The Lease
block lies just east OF the Combination
Extension mine. one Of the Mackenzie
properties, north Of the Portland prop
cry and southwest of the famous little
I-.rence. The Location is cCnLdered
inst class aaI Mr.. Traughber Is con-
fident that he will find the high grade
somewhere within the confines of his
block of ground. J. H. Macmillan is in
terested with Mr.. Traughber in the
lease.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-12
GETTING OUT ORE AT STIMLER

gold. There are 20 tons Of this rich
rock on the dump and shipment Will
be made to the reduction works at Blair
as soon as the sacks, which have been
sent out from this city arrive on the
ground. The incorporators of the COM
pany are Goldfeld men and they con-
slider their prospects of becoming mil
lionaires are exceedingly rosy. The di-
rectors of the company are: w. b. Col
burn, C. w. Watson, A. P. Irvine. Joseph
Maracci and Frank X. Jones. Maracc1
is president and with Jones will direct
the affairs of the company.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-12
GOOD oHE POUND ON HAT
LEASE or THE BLUE BULL

It is reported that what promises 10
develop into a good body of shipping ore
has been struck on the 100-foot lever
of the Cosser and Terrell lease, on the
Hat claim of the Blue Bull property.
great deal of drifting and prosecuting
has been done on the various level to a
depth of ESQ feet, in an enort TO locate
the rich vein that was uncovered near
the surface, but it could not be FOUND.
1t is now believed that the vein fauited
and that the new strike is the lost ore
shoot. Whether or not this is 1act
will probably be determined in rev
dayS,
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-12

The Kewanas Velvet Leasing company
is pushing work on its four leases and
the management is confident that 1t will
be shipping ore before many weeks.
The shaft on the Golconda lease is
down 10 feet and drift is being run
on a quartz ledge that carries good
values On the Kewanas the shaft Is
down 200 feet and crosscutting has been
started on that level. The shaft VIII
be sunk to the 100-foot point at once
and a crosscut driven to catch the st.
Ives ledge.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-12

The Frances Mohawk mine is working
eighteen men. On the 300-foot level
they are drifting east and west on the
vein which was recently cut about 800
feet north of the shaft. They are not
In shipping ore yet but the vein IL look
ing fine and the management is conf
dent that the high grade cannot be very
far away. A crosscut is also being
driven to the north on the 3oo-foot level
for the purpose Of tapping another vein
that is known to run through the
ground.
On the 500-foot level. crosscutting IL
In progress to the north and to the
south to intercept known veins. The
last fifty feet in which the shaft was
sunk IL such heavy ground that FREE
quent repairs and retimbering Of the
shaft is necessary.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-12

The Nevada EXpIoratfon Company,
operating a lease on the c. o. ID. prop
erty has completed its shaft TO depth
of 800 feet and has started crosscutting
for the ledge. The company has been
granted an additional strip of ground and
has also had it's lease extended for a
period of six months. which gives the
lease 13 months to run. The Nevada
Exploration company is close corpora
tion, with ample funds in the treasury
for the development of the lease
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-12
xEsuMIN0 WORK ON
THE JANUARY JONES LEASE

Judge Langan has made an order, d.
recting Sheriff ingalls,, as receiver Tor
the January Jones Leasing and Mining
company, to sell the property under MS
control and apply the proceeds toward
the nayment of the preferred creditors,
on whose petition the order was made.
rha ,ease was sold to G. S. Johnson and
work on the lease was pegun iihlIieu'-
ately The shaft is down 800 rect. some
high grade ore was taken out at the
175-foot level. but the body was not
large
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-12
xEwAMAs TO sxHx TO
TIE eoo-Foox PoINx

The Kewanas shaft will be sunk from
the 3o0-foot level to the soo-foot level
at once. Later on it will be sunk to the
700-foot level. The ore body that was
cut on the 250-foot level is between 40
and so feet wide and has produced good
assays although the bulk of the ore is
of milling grade. The incline shaft
has been connected with the vertical
shaft on the s0o-foot level for the pur-
pose Of securing better air and to facili-
tate work. The management expects to
get better values when the ore body is
cut on the lower levels and is planning
to develop the property along the most
approved lines.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-12
l1oHAWx LEDGE WILL
SINK ANoTKE1 LIFT

The Mohawk Ledge has let contract
for sinking it's shaft an additional 90
feet, which will carry the SMART 10 the
500-foot point. The management OF tne
Mohawk Ledge is confident that on the
500-foot level, the same rich ore pody
that was cut on the upper levels VIII
be found even richer in value and great
er in extent The Mohawk Ledge lease
lies between the Frances Mohawk ana
Higginson leases on the Gold Wedge
claim of the Jumbo Extension. botn OF
which properties have shipped high
grade ore. 1t is expected that the smart
will be completed in about twenty Gays,
AS soon as the 50O-foot level is reacneo
a station will be cut and crosscu'
driven on the ledge.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-12

In the Madonna mine the north cross
cut is being extended on the 300-foot
level. Very satisfactory progress is
being made, the crosscut going ahead
at the rate of 80 feet day. In few
days a station will be cut on the other
side of the shaft on the 300-foot level
and a crosscut started to the south. This
mine has been one of the most persist
emily worked in the entire district and
an enormous amount of prospecting and
development has been accomplished.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-12
0oLDxxExD WxLDu1 LEASE on
1E0oxE SYNDICATE PROPERTY

The Gcldfield Wilbur lease on the
White Horse claim of the Begoles syndi-
cate property is down 312 feet and
prosecuting is in progress on both the
200 and 300-foot levels. On the lower
level, 20 feet east OF the shaft. guam
tity of vein matter was encountered that
gave assays of $a5 4on. A winze is be-
ing sunk on the vein. On the 2O0-foot
level ledge thar varies in width from
eight TO sixteen feet lad been cut. the
assays averaging st5 a ton.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-12
TO BEGIN ACTIVE WORK
on lCoHAWx HEgE1vAT1oN

The Marlview Mining company, own
ing the Mohawk Reservation group OF
claims. five miles northeast of Thorne,
will start active development work on
the property next week. There is al
ready shaft down so feet on the group,
from which 20 tons of high grade silver
ore was shipped. The company is con-
trolled by f. c. Watson and f. S. Van
Dyck of this city.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-12

The Mohawk Red Top shaft Ii down
$40 feet and sinking Is progressing at
the rate Of four or five feet a day. The
management expects to cut one Of the
three big veins that traverse the lease
block at depth Of about 400 feet. Both
:. II. Macmillan and his partner. George
B. Holleran are confident that their
success on the Mohawk Jumbo will be
eaualled II not exceeded In the Mohawk
Red Top.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-12
QUEEN FLORENCE LEASE

The shaft on the Queen Florence
lease is down $50 feet and is being sunk
to the 400-foot level as rapidly as pos
sible At depth of 290 feet fine
ledge was cut in the shaft and 1t is pro-
posed to drive a crosscut 10 this ledge
on the 4Oo-foot level The management
is confident that good values will be
found at this depth.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-12
0oLDx1ELD WONDERLAND
on TIE O. o. D. PROPERTY

The Goldfeld Wonderland shaft on
the C. o. d. property is down 110 feet
and considerable crosscutting has been
done on the 100-foot level. where a fine
looking ledge has been uncovered. As
says as high as $72 ton have been
obtained from the quartz. A gallows
frame and hoisting plant will be in
stalled at once and the shaft sunk TO
depth.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-12
rMprrrAL LEASE ON ATLANTA

The Imperial lease on the Atlanta Is
down a5O feet and crosscutting is pro-
crossing steadily on the lower level.
Several good lodges have been cut on
the 350 and some good assays have been
secured but no permanent ore body has
vet been opened up.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-12
COOP AaaAYu xn0M 4xD
y1xD1 or 00xD MOUNTAIN

The contractors who are sinking q
shaft on the Pride OF Gold Mountain
property. have sent to the ofYices of the
company in Goldfield. sack Of ore that
assays So per cent lead, 7s.s2 ounces OF
silver and .2s ounces OF gold, total
value OF 1920 per ton. A letter from
the contractors stated that the ore was
taken from the bottom of the shaft
where a vein. had been uncovered. with
neither wall yet in sight.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-12

The public WILL realize that the Consoli
dated stroke of business in
securing cancellation Of the Baruch option on 100000
at The benefits of this transaction
will shareholders eventually and will also have
stock quotations when the
is generally and fully under
the deal by which the debt of
liquidated and the option cam
ceed given News officially by George Wingheld.
who authorized following statement:
given 10000 shares of Consolidated stock
81 liquidation of the note
for 81 900 o00 100000 shares in consdera-
his option 100000 at $715 share
This excellent shape financially with
less than 3600000 outstanding which
dividends paid the outstanding stock
in the subsidiary exchanged for Con-
sodated stock of the Consolidated company
month increasing apparent that there will
difficulty in meeting the monthly dividend payments
without touching the fund OF
100000 which being held TO pay for the
Of the big reduction plant and for emergency
of this immense cash reserve there VIII
than l4ooVeo shares
for the purchase OF additional
producing properties. If such purchase is deemed ad-
visable."
CoHDoxxDATED AID TIE BAux
The asurdty have been circulated for
past Consolidated dividend was
being withheld needed by the bank
Nixon wnghed shown by the wen known fact that the
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-12

General Superintendent Billy Mackay
of the Mackenzie properties expects to
be shipping from the lease In . very
short time.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-12

ground having been added to the lease
since the Hayes-Monnette company took
charge of it. There will be something
doing when the Reilly ore body is cut.
The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-10-12
MILL SHIPMENTS HEAVY
BUT NONE TO SHELTERS
Railroad Balled Up by Recent Strike and No Cars
to be Had for Long Hauls-PrOductOn Keeps
Up Despite Heavy Handicap---New
Shipper In List

OF the mines nj O m
This hsmhgH like o. h
= nd
= that 1.-THE mehumsh h present hw we p exec for "
. The mill su DOWN. 70 on y or
he M
= MaMa { asst week
nNhawkw uecmnd because tn
MdawkC uone f
= NwadGo Reduction by O
= edays tn necunngw should dse greatly increase
= gdeh
= v,c0
vaueN
= Mpmeta nd n o a
Nsmssau rail- rrmod strike 0 NJ tn Of
endmg ghn thu Ire P comps
12a leasing Mining
=
= MvheS
Muew shipments mtooto oftowpd
The Birmingham age-herald., 1907-08-21
Port Movments,

Galveston-Net receipts 300; gross receipts, S00 stock, 22,2 249. ....z..
 New orleans = Steady; middling, 13Mc; net receipts. 94: gross receipts, 94c; sales 900 stock. 41,447.
 Mobile-Nominal, middling, 13c; net receipts, 52; gross receiptS~ 52 sales. 1100 stock, 3114.
 Savannah-Steady; middling, 12ss net receipts, 230; gross receipts, 230; sales, 100; stock, sS49; exports coast wise 12s.
 arleston-Nominal: stock, 4213.
 Wilmington-Nomina stock. 490.
 Norfolk-Dull; middling, 13hc; net receipts, 43; gross receipts, 43 stock, 4565; exports coastwise, 457.
 Baltimore-Nominal; middling, 131k c; stock, 274S.
 New York. Quiet; mlddling. 13 25c; sales, POS stock 194,115; exports to Great Britain, 25; to the continent, 100.
 Boston Quiet; mddling. 12 35c; gross receipts. 513 exports to Great Britain, II.
 Philadelphia Steady; mddling, 13 50c gross receipts. 30; stock, 1900.
 Savannah-Deduct 8236 from net re- ceipts since September l.
 Total today at all ports Net. 719; exports to Great Britain, 36 GO France, continent, 100: stock, 2S5,2 2s5.
 Consolidated at all ports Net, 1858; exports to Great Britain, S84; to the continent, 1904; to Japan, 51
 Total since September 1, at all ports: Net, 9,S4S,51S; exports to Great Britain, 3.756,617 to France, S92.SS4 to the con tinent, 34O5,745; to Japan, 24S,2S2; to Mexico, 60.
The Birmingham age-herald., 1907-08-21

idend rate of some of the stocks in the subsidiary companies. Tn fact it has be- come settled conviction that nothing short of complete reorganization can re- store confidence to this group of securi- ties. There was a revival of the recent reports that application for a receiver ship is impending but that no action will be taken until the public service commits sion has finished it's inquiry. American Tobacco common. which is supposed to be controlled in large part by the lnterbor- ough-Metropolitan interests, broke 29 points on the curb during the early ses- sion on what appeared to be enforced liquidation Shares of the old Third Ave nue Railroad company, now pjart or the Metropolitan system, also suffered severe declines.
 The general list made further recovery in the last hour, the highest prices of the the day being then attained. Final prices were somewhat shaded, but the closing was moderately active and firm. Local monetary conditions evineed a further hardening tendency. Some over year loans on all industrial collateral were made at the high rate of 71a per cent. In point of fact, little or no money was forthcoming, the principal lenders holding off on time funds. The only noteworthy railroad re- turn of the day was that of the Louisville and Nashville railroad. whose annual re- port showed a small gain in net earnings and a eorrespondingly slim increase in surplus.
 The bond market was irregular. Total sales. par value, S1.250. GOO.
 United States 3s and registered Is de- clined E per cent, and coupon is k per cent
The Birmingham age-herald., 1907-08-21
POLITICS AFFECTS
 STOCK MARKET Business is HaIting and UnCer- tain During the Day SLIGHT RECOVERY IS MADE Close of the Market is Moderately Active and Firm, But Some of the Stock Issues Reach New
 Low Records.
SLIGHT RECOVERY IS MADE

New York, August Reconsideration of a political character governed today's stock market almost to the exclusion of all other things. Secretary Tafts speech. which Wall street chose to regard as the keynote of the next national campaign, anu President Roosevelts Provincetown address were practically the sole topics of discussion in financial and speculative circles. There was naturally much con- flcting opinions as to the significance of these important utteranees. The situa- ton was further complicated by the pres ident's supplementary remarks iu which he made direct reference to existing inan- cial conditionse and declared with much emphasis that for the remainder of his tenure of office the governmental policy with regard to the prosecution of offend ing trusts and corporations would be un- changed.
 Business on the local exchanges was halting and uncertain all through the early session and operations were again In moderate volumes. The undertone was uncertain, but the fact that the market became dull on all marked reeessions was regarded as a favorable sign.
 London seemed disturbed at the tone of Secretary Taft's' speech and our securi- ties were lower in that market Aside from slight shading in foreign exchange there was nothing new in the gold ex- port situation and the feeling with regard to shipments was less apprehensive.
 The weakest issues in the local market were the Traction shares. which went lower than at any time in this particular movement In fact, Brooklyn Rapid Transit sold at the lowest price in some years and the Interborough-Me Metropolitan stocks also went to new low levels. Con corning the latter, it was matter Of board room gossip that the dividend on old Metropolitan shares would probably be suspended with reduction in the div