The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-02-08

\. =. H., West Lynn, MASS. The Mo-
hawk Red Top lease Will he started up
as soon as miners can be secured. 1t
was making depth rapidly when 1t
closed down because of the strike and
was near the ore. 1t is regarded as a
sure winner" II the ore should be
located it would doubtless be OF the bo-
nanza character. The other lease of
which you enquire. the Mohawk Jumbo.
was producing heavily when the man.
agement closed. A dispute arose be-
tween the Jumbo Extension, owner of
the lease ground. and the Mohawk. over
apex rights. This dispute has not been
settled. but nevertheless. the Mohawk
Jumbo lease will resume as SCOT as
miners can be had, as their rights in the
leased ground is in no wise affected.
They closed primarily to permit Of un-
.derground surveys. but before the sur
veys were completed. the strike came on,
which continued the suspension of oper-
atoms. Following this bad luck, the
Nye n Ormsby County bank. where
the Mohawk Jumbo company had a large
deposit, closed its doors. A dividend of
10 cents per share had been declared.
but the checks had not been sent out.
The lease will resume, probably, next
week and after the workings are put in
shape. will make heavy production.
a. =. W., Pasadena, Cal. The Fair
view Eagles Nest is a good property and
will again be worth the price you paid
for the stock. II not more. The low
market price of the stock Is not due to
unfavorable conditions of the property.
but to the uncertainty felt regarding
the disposition of the large holdings Of
the State Bank and Trust company in
the Eagles Nest company. When the
l.. M. Sullivan Trust company failed 1t
caught the State Bank and Trust COM
pany for a large. amount. said to approx
innate $500. 900. IN the adjustment of
affairs. the bank too securities of the
various companies promoted by the L.
M. Sullivan Trust company. Now the
bank has failed and the market fears
that all the stocks will be dumped. In
fact the bank has realized on the stocks
from time to time. We understand that
a strong syndicate a been formed to
take over the securities held by the
bank. in which case the market will be
protected and higher prices will be
cached.
A. J., Boston. The Goldfield Mining
and Ore Reduction company owns both
mineral claims and an ore reduction pro-
cess. beside a lease. The mineral
claims are two in the Goldfield district
adjoining the Pittsburg Nevada, which
is near the Yellow Tiger. Also two cop
per claims in the Wellington district.
The lease owned and operated by the
company is on blocks 1 and 2, Wonder
claim of the Combination ground. of the
Consolidated company. The lease runs
until January. 1909. Company capital
ICED at 1900. 900 shares. with $50, 900 in
the treasury. The patent process for
ore reduction has not been exploited as
yet. we believe.
company has good ground and good
management and the stock is a favorite
on the local stock exchange board. The
Goldfeld Noble and Heart Of Goldheld
have not been operated for some time.
The ground is not within the producing
belt. being in the northeast section.
Couldn't advise you on the proposition
offered. but woul go slow. Don't be-
lieve It can be made a very valuable
property in six months or within a
year. The ground has some value.
II. =. W, Birmingham The Goldneld
River Bend property is located in the
Montezuma district. west of Goldfeld
some three miles. Between Goldield and
the Montezuma district is a high table
land capped with black lava. and Is
locally referred to as the "malapai." The
claims set forth in the prospectus you
send. are exaggerated If not worse. Some
work has been lone on the property but
no persistent mining. We don't know
where the company gets it's name. as
there is not a river within a thousand
miles more or less.
X. r., Chicago. Chicago Goldfeld M.
& L. has a lease on the Silver Pick. west
Of the Mohawk. Goldfeld district. Shaft
is down about 800 feet and some cross
cutting done. Large ledge of porphyry
and quartz carrying small values. Lease
equipped with 3s-foot gallows and so
hip. electric hoist. Shut down during
strike. J. A. Hendricks.
u. u. L., Brown City. lGich. The
Fairview Eagles is one of the great
properties of Fairview. ranking next to
the Nevada Hills, which 1t adjoins. The
Eagles has reached the mine stage and
ore has been shipped from the workings
of both tho company and its leasers. 1t
has a splendid plant of machinery and
excellent management. The Wingfeld
people are the largest owners
=. =. X, 1rooklyn. Since answering
your recent inquiry about Combined M.
& L. company. have been informed that
the principal stockholders are putting in
their own stock to liquidate debts and
resume. The company owns two claims
on Knickerbocker mountain OF undeter-
mined value.
A. q. T., Lock no. ., Pa. The Hub
ground Is all right. We believe there Is
a market for Hub stock in Chicago. Get
in touch with Chicago brokers. and sell
II you a get out at a pront: but don't
sacrifice you stock az 1t viii be selling
above present prices when the general
market revives.
y. J. p, Omaha Mohawk Leasing
Syndicate not working and manager has
been out OF amp some time and can't
get q line on their plans.