The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-11-21
NEW MANAGER FOR
GOLDF|ELO CON.
Former Cripple Creek Operator
Will Guide Destinics
of Mine.
EARNINGS OF PROPERTY
ALMOST FABULOUS
December viii See ConsOIi-
dated Mill Handling
Greater Tonnage.
Special to the Tribune.

GOLDF1ELD, New, Nov 20.-Tn ad.
dition TO the regular quarterly dividend
of thirty cents per share the directors
of the Goldfeld Consolidated Mines com
psny, at their meeting held in Goldfcld
on Thursday, November is, declared an
extra dividend of twenty cents or a
total payment of fifty cents per share
to be sent ont TO stockholders on ,Ganu-
airy 81 This brings the aggregate OF
dividend paid by this company during
the current wear to the sum of $4,oS0.
&C., so. and after tins payment is made
the company VIII retain in its treasury
cash surplus OF more than million
dollars. An official statement made by
the manager TO the directors sets forth
that the net profits of the company S
operations during the fiscal year end.
ing IN October were in excess of T31OO,-
coo.
New Mine Manager,
At Thursday s meeting the directors
present were George Wingfeid. presl'
dent; j D. Hubbard. vice president;
William G.. Ralston, assistant United
States treasurer at San Francisco, Man
ager John II. Mackenzie and \. II.
Howe, secretary. treasurer and director.
Mr. Mackenzie rendered his resignation
as manager, TO take effect January ],
but hc will continue with the company
in the capacity Of consulting engineer
and will remain on the board as dl-
rector. His successor as manager Will
be Mr.. j. II. Finlay, formerly manager
Of the Portland mine at Cripple Creek
and Que of the foremost mining men OF
the country, who is now here but will
return for a short time To New York
where he maintains his headquarters.
Mr. Finlay Is reputod 10 be particularly
we'll equipped for the requirements of
this important position. Mr.. Mackcn.
7lc, who. is possessed of an independent
fortune himself and TO whom is due the
development of the greatest precious
some time to be relieved of the arduous
dutis cntailcd in the active manage
ment of the property and to devote
more time 10 his personal interests.
Increased Mill Capacity.
In December. probably by the 18th of
TIE month, the Consolidated null Will
be operating under a capacity of from
$50 to 900 tons daily as a result of the
installation Of six siX-foot Chilean mills
which are expected to arrive soon after
the first, While the mill s stated capac-
ity is COO tons daily it has for some
time past been treating an average of
recovery of about "a per cent. The
ChilcaDs will permit of the use of
cuarscr screens and relieve the stamps
Of mmch of the work of crushing and
viii divert large proportion OF crushed
ore from the tube mills. A constantly
increasing production of high grade orc
is now being made from the lower lev
els Of the Clcrmont shaft but the prln-
cipal tonnage for the mill continues TO
come from The Mohawk mine and IN this
part of the property, as we'll rs else
where throughout the property, the orc
reserves continue TO increase with de-
vclopmenC far IN advance of extraction,
Developments in Clermont.
Development of the rich and largo orc
BODY opened st the 730foot level Of the
Clermont istheing carried on by means
of series Of raises which arc being
driven to connect with the 500 level
workings and from these Slopes Of large
size viii be opened. Another raise
viii be started soon from the 80 level
10 connect with drifts driven from the
bottom of n 50-fool winze below the
Mohawk 500 level and south on the line
nf .hc Jumbo whore the gigantic slopes
are opened continuously between the
100 and COO levels These drifts have
developed orc deposits of great magnl.
tude and excellent value. Equally good
results have been had in developing
the ore bodies opened at the 600 level
cast Of the Mohawk and connecting with
The long crcss-cut between the Mohawk
ard Clcrmout shafts. \ large part of
the new Development is IN ground out
side of the rich deposits in order that
the orc lrCkcn may he maintained at
the grade yielding the best results in
treatment.