Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1909-12-18
$l35,OOO. Dividend by
TOnOpah Mining Co.

Ait the regular monthly meating OF the directors 81 tbe To- .
nopah Mining company, held yesterday at the conpanys omce .
at Philadelphia, a quarterly dntaent or rs cents per share was =
declared, with a Christmas present to the stockholders In the =
form Of an extra dividend Of 10 cents per share. a total Of IS =
cents. The word was received by W. w. Charles, comptroller .
Of the company, together with information concerning the clos .
ing Of the books. =
The dividend viii be paid on January 81 1910. q stock .
holders Of record December 81, 1910. The transfer books via =
close ct 8 p m. December 81, and reopen January s at 40 q =
by the payment Of this dividend. the TQnopab Mining COM =
pany is cassed as the greatest silver mine in the United States :
at the present day with the Hornsfver company Of Utah q =
close second, although this concern has not paid a dividend for .
over two years. .
The dividend ordered paid yesterday win amount to >
$35O,0O0, and is the fourth for this amount declared this year, .
making a total Of $1,4OO.OOO for the year 1909. .
Among the various gold, silver, lead and copper producing .
mines in the United States that have paid dividends during =
he present ~ tbe Tonopah Mining stands as No. ia On the .
list During the brief history of the big company q sum aggre- 4
eating $5,30O,000 has been paid out in dividends This makes =
the mine rank as No. 80 whea compared to the other mines =
IN the United States that have paid dividends. IL lis a rather .
unfair comparison when it. is known that the other properties =
ph Mining has been in existence only eight years and a hlf 4
Anticipating the dividend the stock Of the company made
quite an increase during the past few days on account Of the
heavy buying orders from the cast The stock for the past
, three months has hung arcund the $3.50 mark, but yesterday
closed at $3.50 bid, with few setting orders recorded.
> The physical condition Of the mine has never looked bet
, ter and with the excessive amount of development work under
, way, it is almost assured that new and greater bodies OF ore
: will be opened up. The latest and most important move on
> the part Of the company is starting the diamond drl work
> on the 15oO-foot level to prospect the depths below this
2 point. Should ore be encountered a phenomenal raise in the
. stock quotation would result as the fact Of ore existing at
. fifty years, and probably longer. AS it is, an immense ton
3 mage Of ore is blocked out, sufficient to keep the mill at Miiers
. in operation for an indefinite period.
. Another move of equal Importance is the commencing Of
= operations on the Sand Grass claim, northwest Of this city, and
: which lies between the Tonopah Extension and Golden Anchor
. ground. A number of lodges in different properties in this
. district show a tendency to dip in this direction and it is
. with the purpose of prospecting the territory that the work Is
q started. Yesterday the shaft house was completed and today
= the work of sinking the shaft will be commenced. The shaft
= will be three compartment in size until the hard formation is
. encountered and then the workings will be sent down in a
= standard two compartment size. The company has not decided
. to sink to any special point, but the work will be carried on
= until favorable prospects are encountered.