The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-11-28
GOlOF|ELO CON.
CHANGES SYSTEM
Books Will Not Be Closed Dur
ing Time of Dividend
Payment.
PUMPING WATER IN
CLERM0NT SHAFT
New Mill Process Is Proving
Entirely Successful in
Operation.
snncial 70 The Trihnne.

Special TO The Tribune.
GOLDFIELD, New, Nov. 25,-From
!he Offices of the Goldfeld Consolidated
Mines company notices will be sent out
tomorrow advising all stockholders that
>nlv those stockholders who are of rec
,rd at the close Of business on Deccm-
Ger 10 shall be entitled To vote at the
annual meeting to be held at Evanston,
Wyo., on January 10, 1910. The no.
lice also contains the information,
which will be of interest TO the invest
ing public generally, that the books of
the company viii not be closed, as pre-
viously announced and as has been the
custom with all mining companies, and
transfers OF stock may proceed without
interruption during the dividend period,
This step, which is Il distinct lnnova-
iion in methods of handling stock trans
actions. is rendered possible by new
system OF accounting which has been
adopted by the big merger company
Ready for Machinery.
The few changes which it was nee
ossarv 10 make at tho l00-stamp mill
of the Consolidated for the installation
If the six s!X-fooi Chilean mills and
additional cyanide tanks have been
completed, and the mill will bc in place
and operating by the middle of Decem.
from $50 to 900 tons daily. The mill,
which has "A stated capacity at pres
nnt of 500 tons daily, has been treat
ing an average of go tons every TWEEN.
tv-four hours for the past three
months Al first 1T was planned TO
install additional batteries of stamps,
hut this plan was finally abandoned
. 1. .N,
which Will give equally good results
bv relieving the stamps of a large part
OF the crushing and render possible
the use Of coarser screens. greatly cXpc-
diting the handling of the product.
Water in Shaft,
Development in the new levels from
the Clermont shaft continues to expose
Il vast tonnage of excellent ore, and
il is 10 be expected that by the end
Of the year the l000-foot level Will
have penetrated the vein which has
proven of bonanza PROPORTIONS at the
levels above The work at this deep
est level was DELAYED for time by a
heavy flow of water and the unstable
character of the ground, but a pump
of large capacity was installed AT the
1000 station. and the mine is now
cffectually drained and progress is as
ranid as elsewhere. with three shifts
driving to the west toward the great
Mohawk vein. For distance OF over
$50 feet at the S60-foot level drifts
have followed the ore shoot which is
twenty feet wide and carries good mill
ing values throughout this width. The
ore body exposed at the 730-foot level
is pronounced by eXnerts to he the
greatest known deposit of high-grade
gold ore in any mine on earth.
Managers Report,
The annual repori of the manager.
which Will he submitted to the stock
holders mt the meeting Of January 10.
will emhody n complete description of
the years operations, showing the ex-
act tonnage mined and treated. to-
gcther with the valne of ore from
every separate part of the vast work
ings. which are now In excess of thirty
five miles. and viii contain estimates
of the available orc reserves. based
upon exhaustive surveys that have
been in progress for some time past.
Heretofore the management has nj
wnNs refused to be committed 10 an
estimate Of ore reserves, and ii is free
" predicted that the figures given by
Manager Mackenzie VIII come as a sur
prise 10 manv who are unfamiliar with
the magnitude aud richness of the de-
posts already blocked ont IN these
mines.
The new Manager.
J. r. Fiulay, who will succeed John
III. Mackenzie as general manager of
The Consolidated on January |. is now
in New York but will return here in
time to assume his duties the first of
the new year. The rev manager is a
Harvard graduate, comparatively
voung man. still under A.. and in his
collegiate days WAS a renowned athlete.
During the past few years. since re-
signing from thc management Of the
Portland mine al Cripple Creek, he has
maintained headquarters In New York
aud has acted in the capacity OF con
sulting engineer 10 number of the
foremost mining companies IN tins
country and Canada. visiting their
properties periodically for the purpose
of supervising their general conduct,
and hS is said to be ono Of the abest
mine managers and geoIogists in the
country. He has frequently been called
upon 10 lecture before geological and
scientific societies and mining depart
mcnts of colleges.
Mill Process Successful.
The process Of treating concentrates
and reducing their mineral contents 10
bullion, which was invented by Super
intendcni Hutchinson of the Consoli
dated mill after having conducted eX.
haushVc experiments in the old Kin
kcad mill on the side of Columbia
mountain. has proved to he most sue
ccssful in operation, and the entire
product Of The companv's mines is now
reduced 10 Ingois of bullion aud shipped
hv express directly TO tho United
States mint. The saving effected bv
tins process since the refinery WAS built
in connection with the big mill carly
this year, has amounted 10 hundreds Of
thousands of dollars, AS the freight
rates on concentrates arc exceedingly
high. varying according To the value
Of the product and ranging, as a rule
from 80 10 $50 per ton.
The Florence company is now con.
Quoting experiments with view TO
installing plant for the reduction of
its concentrates by somewhat similar