The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-08-29

J.. p, williamsport, Pa. The Nevada
Hills stock is selling around $l.6O. This
low price is due to the fact that the
mine is not shipping much ore and will
scarcely undertake to make a produc-
ton and pay dividends until the price
of silver improves. The recent slump IN
silver to 80 cents means a difference OF
$50 per ton to the Nevada Hills and
this alone represents pretty good ore.
Development work is going along stead
ily, and ore is being extracted and
shipped, but only such ore as is en-
countered in the development work.
The mine expenses are about $1,000 per
month, but the ore taken from the
workings in the process of develop
ments. amounts to more than twice this
much. The ore developed is left stand
ing in the mine. The ore is improving
in gold values as depth is attained. The
last ear of ore sent out, upon which re-
turns have Just been received. netted
the $3,250. The ore gave 2.16
ounces gold. Nevada Hills is practically
a close corporation, most of the stock
being in the hands of a few people, who
hold their stock at a much higher price
than the prevailing market quotation.
". c., Washington. There is a Royal
Goldfeld Mining company indexed on
the official map of Goldfield, but no
Royal Gold Mining and Milling com
pany. If there be such a company with
the holding claimed, the stock is of lit
tie or no value, as the properties are
too far remote from the producing dis
trict to be worth anything. 1t looks
like a wildcat to us. (2) The Buckskin
Gold Mining company was put out by
William j. Brewer, and has never been
worked to any extent. Mr.. Brewer has
quit the mining and promoting business
and is a worker in the Salvation Army,
editing one of the official papers of
that organization in Chicago.
J. s. p, Chicago. Daisy stock is err
ratio. 1t moves at the slightest provo
cation. The last slump was due, per
haps, to the fact that a large part of
the force was let ont. Very little ore
has been shipped for several weeks, al
though the mine has four headings of
ore. There is friction among the di-
r~ectors, we understand. The stock is
closely held in New York by the Man
ion mitchell crowd, and in San Fran
cisco by the Horton crowd, and they do
not hitch on policy, especially with re-
gard to the proposed mill. We would
moi take it upon ourselves to advise in
the matter of trading in the stock. 1t
looks pretty low to us, however.
T. L. H., Gardner, Mass. The Sheba
is one of the oldtime bonanzas of Ne
vada. This property is situated in a
high range of mountains not far from
Mill City, Humboldt county. The for
nation is limestone and slate. The
ledge is a blanket, carrying gold and
silver, with bases, including some black
jack. In the 10's the property vas ex-
tensively worked, producing several
millions of dollars, but, as the white
metal prodominated, the mine was
closed down when silver was demona-
tized. The News knows nothing of the
present management, nor of It's plans,
except that word comes from Humboldt
county that the company is planning 70
resume operations. Address, for com
plete details. Senator Bell or Geo. M.
Rose, Winnemucca, Nevada.
j. G. s., Denver, Colo. We believe
there was such a company as the
Franco American at Searchlight, and it
may still be operating. We cannot find
any record of the company, however,
among the Incorporated companies in
the Office of secretary of state for Ne
vada.
j. H., Erin, Canada. The stock of the
Strike Gold Mining company IS
not listed on the local mining exchange
and there have been no curb transac-
tons that we know of, which would set
price.
r. A. L., Philadelphia. The Shoshone
Consolidated and the Tramps at Bull
frog, are both shipping. The Consol-
is making a very large tonnage,
and is producing from $4,000 to $780,
900 per month. Tramps is shipping
regularly and some of its ore is run
ming above 500. Bullfrog is improv-
ing. While its tonnage is not as great
As Goldfeld, or Tonopah. its production
shows a substantial gain over one year
ago.
@. M, st. Marys, Kan. No work be
ing done on either the Monnette Won
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