The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-03-06

T. J. g., Goldteld-One re"s"" w"
ness ON the Goldfeld exchange mas
fallen of is that the great al oil 'he
better Goldfeld stocks are no longer
held locally. They have gradually been
absorbed by the outside public, and the
stocks are not here to be traded IN
Another reason is that the San Fran
cisco exchange some time ago raised us
rates of commission, which discouraged
trading between Goldfeld and san
Francisco exchanges. We understand
there il a movement on foot among
nrokers of the Bay city to have com
missions reduced. The majority OF the
San Francisco board believe thai they
can revive business for mining stocks,
from its present stagnation, by lowering
the commission rate on purchases anu
sales to one-half per cent from Tue
established l per cent, n a strong
move is to be made in that direction.
A private poll of the membership mas
been taken. and it is claimed that a
majority of eight are in favor OF the
reduction. Several members who are
known to approve of a lower rate OF
commission are absent, and after they
have returned and increased the ma
iority a new schedule of reduced com
missions is to be presented to the gov
erning committee for action. Should
the governing committee decline to put
the proposed new rates in force 1t is
said to be probable that the committee
will be removed and one substitute /.
that will aecede TO the wishes of the
majority.
T. M. r., New York-The Golden
Sceptre adjoins the Tramps and other
well known Bullfrog properties, is On
Montgomery mountain, and runs down
into the town of Rhyolite. Several
strong lodges and veins go through the
property, but as in the case of the
Tramps the veins carry low grade ore.
Over $4,000 have been spent in work
on the Golden Sceptre, and only low
grade milling ore found. No work has
been done for some time. The ground
is patented. There is some talk Of
adopting the leasing system. The Pho
neer development is several miles from
the Golden Sceptre and can have NJ
effect upon the Golden Sceptre stock,
save in a general way.
L. w. S., Boston-The Nevada Bay
State Oil company has oil, but is trying
to keep the fact from the public, ap-
parently, for the purpose of getting
more ground. Oil has been brought to
Goldfeld from the well. The managers
of the company pretend they have but
little oil, but inside information is to
the effect that a good flow has been
encountered, but the casing driven
down to stop the flow temporarily. This
company is operating at Salt Marsh,
west of Goldfeld.
s. E. B., Baltimore-Sandstorm EA-
tension is not doing any development
work, simply keeping property tito
good. (2) Lucky Boys have suspended
work for a time. (3) Red Hills ami
Atlanta being worked by leases. Ex-
~eeptionally good prospects. (5) Ma
donna not working, has done a large
amount of work and opened up guam
titles of low grade ore but unmerehan5-
able at the present time. (6) Know
of no merger that c~ontemplates taking
in any of these properties.
R. H. A., Columbus, Ono work is
being done by the company IN the
Rawhide Consolidated Gold Placer, al
though some leasers have been prospect
ing the ground. The company did not
succeed in raising enough money to
open up the placer; it is still trying
for more funds.
J. M. O'G., Duluth-We have no late
data on the Death Valley Arcalvada,
although we understand hat no work
has been done since our last report. At
that time what ore there was above the
2O0-foot level had been extracted, and
the shaft was started down for greater
depth. Water was encountered and
work stopped.
o. L., Milwaukee -Goldfeld people
think well of Atlanta ground. The fast
that more leases are working on this
q ound than any other in camp, shows
how mining men regard it. No ore has
yet been found, but there has been
no very deep work done, and deep work
is what is needed on Atlanta %grounl.
G. A. L.-W. l.. Wilson still has col
troll of the Hub and the Double Eagle.
Nothing is to be expected from the
latter. An effort is being made by min
GRITTY stockholders to gain control of
the Hub. (2) There are about a dozen
leases working on the Atlanta.
J. q. W., Pasadena-If it is stock ii
the Florence Goldfeld Mining company,
send 1T by registered mail to the secr,-
tary of the Florence Goldfeld Mining
company, Goldfeld, Nevada, and it will
be transferred.
M r X Chira o-Tbe shaft IN tho