The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-08-15
E. w., Butte, Mont. The Consolidated

will not pay a dividend, as we under
stand it, until its mill is in successful
operation, which will be along in
October or November. After the mill
is finished it will take some weeks,
probably, to adjust it in every way as
is the case with all mills. (2) We be-
lieve the other stock of which you ask
will easily reach So when the payment
of dividends begin, and this period
ought not to be a great way off. The
value of the stock will depend upon the
size of its dividends, although this does
not always regulate the market price,
the element of speculation being a large
factor. We figure that the average
gold mine should pay 20 per cent per
annum on the market price. To make
it a So stock. quarterly dividends of 10
per cent would have to be paid, and we
nave not the least doubt but that the
company will be able to pay this rate,
and probably more. The management
is non committal as to the condition of
the treasury, simply saying they have
a good block of stock and a big cash
account. They have certainly been ac-
cumulating cash rapidly of late.
w. I. K, York, Pa. Your inquiry has
been referred to this paper for answer
The Jumping Jack, Stray Dog and n
or two others were Sullivan Trust com
pany promotions. The company owned
a large control of the stock. 1t got into
the State Bank and Trust company for
nearly 100000, and both failed. The
Sullivan Trust company turned over
all it's stock in the various companies,
to the bank. The stocks naturally went
down, the street believing the bank
would throw the collateral on the mar
ket or would dispose of the property at
a sacrifice under the pressing circum-
stances. The properties have since been
leased under long time contract. The
prospects for better prices on the stock
are not very flattering. (2) Kendall is
a good stock. You paid high for it, but
win doubtless get out all right if you
hold on. Kendall is selling slightly
under 20 cents.
J.. A. B., Germantown. Can get moth
ing definite about the Death Valley
Arcalvade. The home Office is in Den
yer, and the mine is in San Bernardino
county, California. 1t was put out by
b. X. Dawson, if we rightly recall, and
Dawson was more of a rainbow chaser
than a mine maker, according to re-
ports. However, he may be making
good on this proposition. (2) The Rog-
ers Round Mountain is a well located
property, in the midst of producing
mines. The management has been in
the hands of Tonopah people, during
the past few months, and considerable
work lone on the property. 1t adjoins
the Antelope.
L. NJ, Nashville, Tenn, and others.
The Goldfeld Central Mining company
is the successor to the Goldfield Con-
solidated Mining company, which
changed it's name because of the con-
fusion that arose through the similar
,ity of its name to that of the Goldfield
Consolidated Mines company. The
company owns six claims in the Rec
Mountain section of the Goldfeld dis
trict, and has a l50-foot tunnel. No
work has been done for some time. Its
other holdings are two claims north of
Goldfeld on which nothing but assess
ment work has been done.
T. G. Lyons, N. Y. The Blizzard
company was owned largely by the l..
M. Sullivan Trust company. That firm
failed and was largely indebted to the
State Bank and Trust company. The
control of the Blizzard stock was
turned over to the bank as collateral.
The bank subsequently failed. The
Blizzard was not patented ground, and
work, the ground was subject
to relocation. The ground was re-
staked. The stockholders of the Biz
zard have now worthless stock.
j. M. o'G., Duluth. No work is being
done on the Manhattan Chief. There
are applications for leases, and one or
more may be let. Leasers are working
the Midas adjoining. The Chief prop
erty has a large body of milling grade
ore, but is too far away from reduction
facilities to make it of commercial
value, being some fourteen miles dis
tant from Manhattan proper, where the
mills are lacoted.
J. O. H., Chicago. Nothing done on
the property for a long time. Assess
ment work kept up but that is all. The
property does not appear on Chute's
latest map, which gives, supposedly, all
the companies of Goldfeld, having sur
veyed property.
r. H. A., Columbus, O.. The Goldfeld
Jupiter has not been worked for some
time. Mr.. Mackenzie has been out of
for several months and we are not
advised as to future plans.
F. H. H., Cottage Grove, Oregon.
Do not know which Nevada King mine
YOU mean. Write us the location and
names of some of the people managing