The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1908-11-14

Mining company, is contained in a.
statement sent to stockholders GOVERN.
a period of six months up to lima .,
1905. This statement shows tina. tho
company received approximately a.,
900 from sales of treasury stock and
mortgage bonds and more than 40 ooo
in the way of returns from the mir.
These sums, taken together with 9TH.
smaller items and a cash balance :.
$4,940 at the beginning of the vo.,
brought the total up to $49,O03. nj.
b~ursements for the six months in min.
operating and supplies were approyi
mately $4,000, while commissions, mos,
age, printing, salaries and general er.
pense bring the total up to SAG. 1870
leaving a cash balance of 1884. Tho
statement shows that no returns from
the mine were received subsequent 70
April, and we understand there bavo
been no returns since the report was
issued. Charles A. Tarbel, the seere.
tary, a the company took out all the
rich ore from above the 200-foot level
leaving $4,000 tons of low grade ore 10
be subsequently treated by a mill on
the ground. II has since gone deeper.
with the expectation of opening the ore
shoot at the new level, but Mr.. Tarbel
SAYS the miners encountered a large
flow of water before the vein was on.
countered and the company is now in.
s%talling a pump to take care of this
flow. He adds that the water will prove
a valuable asset, owing to the inten.
tion of the company to build a mill.
T. e., San Francisco. Mining condi.
tions are gradually improving at Man.
haitian and Round Mountain. Long
distance power is to be supplied soon
by the Nevada-C California Power com
pany. As o as the plant at Bishop
Creek is increased to a sufficient capae.
ity to transmit the amount of power re,
CURED, such extension will be made. 1t
will also be furnished for HornsilyerI
and other camps in the southern eoun
try. F. B. Mechling, representing the
company, was at Manhattan and Round.
Mountain recently examining the ore
bodies and making preliminary con
tracts to furnish power to mine owners
and ~lessees.
H. G. NJ, Slater, Mo.-The Gold But.
ton on indicator mountain has just
started up, with F. f. Browne, one of
the most experienced mining engineers
in camp, as superintendent. The Gold
Button owns about 165 acres, and over
$4,000 worth of work was done before
the panic. The officers of the company
are very rich business and mining men
of Denver including H.. N. Wood, who
is president, and Frank J. Campbell,
manager. These tive gentlemen are
among the largest dwhers W tfe Cali
fornia-N Nevada Power company, that
furnishes electric light and power to
practically the whole state of Nevada.
F. B. T., Minneapolis.-The new ma
chinery for the Wihuja Gold Mines
company, operating a bonanza lease on
the Therein property in the Seven
Troughs district, is now being installed
1t consists of a 40-horse power gasoline
engine, a 12x12 air compressor, a No.
Cameron plunger pump, ears, buckets
cable and, in fact, a complete parapher
MALTA, and when it is finally installed
the Wihuja company can boast of hav
in the best equipped property in the
Seven Troughs district. The lease IS
one of the bonanzas of the camp. Ihe
stock is not listed and we know OF no
recent transactions.
R. E., Salt Lake.-The shaft OF the
Pioche-M Mohawk is now down 10 fee''
When the shaft reached a depth oil @
feet it penetrated a body of manganese
for a distance of II feet, which dippeu
to the south. Now, at 123 feet, lhe!
have encountered the same or another
body of manganese, also on the sou'l
side. The shaft will be continued 10
the 200-foot level, when an eiec'fN
hoist will be installed and crosseuts VIII
be run north and south in order 10 as
certain the width of the vein, anu d
drift will be run 100 feet, approx
mately, to the southwest, following u"
trend of the vein.
w. N. B., New York City.-The COM
pany of which you ask, produced Wv
900 during the month of October, aa'
$55, 600 was left to the credit Oh Inv
company, after. royalties, bullion
and expense of mining were deduc'e"
There were a number of days during "
month when the production was '''V
and upwards. Before October ~"
much ore was extracted, and since :"
end of October, there has been nome
speak of, the high grade ore SHOOT
ing been lost. As a result 8 part Oh
force has been laid Off
B. B., Vallejo, Cal.-The puin
Shoshone has been the victim OF