The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1907-06-15
tFrom u own Representative

(From our own Representatives.
Tonopah. June 13.-This has been an
other good week for this camp as far
as physical conditions are concerned;
for never in its history has Tonopah
appeared to better advantage. Another
mill has been added to the camp. that
of the Belmont having been set in OPP
Grafton. This is a sixty stamp mill.
but up Il the present there are but
twenty of the stamps employed. 1t Will
be a matter of only a short time. how
ever when the entire lot will be run
ming.
The first run through was at the
close of last week., IFS tons being added
to the production of the Belmont. The
mine. besides. shipped 26o tons to the
smeIters. The Tonopah mine shipped
$40 tons TO the smelters and ran
through the mill 1900 tons for the
weeks output. There were shipments
besides. from the Tonopah Extension.
$40 tons; Montana Tonopah. 1870 tons;
Jim Butler, SIS tons; Midway. 80 tons.
J. w. Brock, president of the Tono-
pah Mining Company, left here on
Tuesday after a weeks stay in the
camp. He went away well satisfied
WIN IUe cOnOltlOns, anu well hC hHiShe
be satisfied. The output of the Tono-
pah Mining company is greater than
ever. and 1t will continue to increase.
This is no conjecture; 1t is based upon
a mathematical proposition. for they
have enough ore blocked out In the
big mine to guarantee dividends for at
least seven years. n with more to
come.
Regarding the stock market. Mr..
Brock naively remarked that that was
something to which he paid little or no
attention. Possibly anyone else in his
position might say the same thing. II
is a matter of indifference to Mr.. Brock,
doubtless. at what price the Tonopah
mines stock is quoted. as he has none
for sale. lie can figure dividends ahead
for years to come, SO why should he
worry?
1t must occur to the eastern investor
that Tonopah offers a splendid field for
investment at this time. With her divi-
lend paying stocks and her shipping
properties, what better chance could
offer. A we'll known broker here ven
lures the assertion that a man invest
ing 500, 900 at these prices will clean
up not less than a million dollars before
the end of the year.
Notwithstanding the depression in the
East, and the labor troubles in San
Francisco, and the consequent decline
In securities, Tonopah is in very good
shape. Nearly all of the mines are
running, and in consequence, there is
an army Of men employed, and there
is a weekly payroll sufficiently large
to keep going all the business houses.
The brokers are suffering, of course;
for nobody wants to do any selling at
the present prices, unless he Is COM
PEELED to. and there are many who are
so tied up with stocks that they cannot
buy any more.
E. A. Montgomery, of the
famous Montgomery Shoshone mine of
Bullfrog, is here this week for the
purpose of looking over the mills in the
camp and those in the course of con-
struction. Mr.. Montgomery is the
owner Of the Skidoo mine, in the dis
trict Of the same name. and he is going
to erect a mill on the property. He
wants to get the best there is to be had.
and for that reason. he wants to inspect
the running of the Tonopah and Bel
mont and Midway mills, and also to
note the improvements which are being
put into the mill and cyanide plant of
the Montana Tonopah.
From this it would appear that the
fame of the Tonopah mills has already
spread to the outside world. and we