The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-10-09

and others who are Knocking Goldheld
Consolidated are doing so either
through righteousness to bear the mar
ket OF through Ignorance. This rs
without doubt the greatest gold mining
estate ever discovered in the world, ana
recent developments at vertical depths
of 73O and $50 feet through the Cler
mont shaft more than double the in
trinsic value of the property.
@. w. E., Panama-Red Top Elk
tension Mining company owns Bulldog
Fraction, surrounded in part by the
Goldield Consolidated property, and
being developed by the Red Top MIN
ing and Leasing company. Ihere
is reason to believe that the leasing
company may open a good body OF ore
hut whether the Red Top Extension
Mining company will benefit by it de-
ponds on whether the apex of the VEN
is in the Bulldog Fraction or the God
field Consolidated ground. The apex OF
the vein now being explored is most
likely in Consolidated ground, but I'M
der an agreement with the CONSOLIDATE
ed, the leasing company is proceeding
with its work and the royalties, If pay
ore is encountered, are to be placed
in trust pending the settlement of any
apex question that may arise. If Con
solidated proves the apex it will hold
the royalties and the Red Top Exten-
sion Mining company will get nothing
from this lease. 2.-We know nothing
of the Mayfower Con. Mining and
Milling company. There is a Mayfiower-
Bullfrog Con. Mining company, which
owns a large acreage covering some OF
the most Valuable portions of the Pio-
neer district. This is developing into
one of the best little mines in the state,
has a fve-stamp mill running now and
FIVE more will soon be in operation,
with cyanide process to complete the
saving of values. We understand that
they are milling better than $50 ore on
an average. 1t has a bright future.
D. M. F., Dobbs Ferry.-Big Florence
lease on Atlanta ground has been idle
for several weeks, but it is now report
ed that arrangements have been per-
fected for ample capital to carry out
extensive further development. Work
will probably be resumed within the
few DAYS. New York-C. Q.
d. lease has been idle about two
months, and the management of the Z.
@. d. Con. reports that they have no
information as to future intentions of
the leasing company. Property is IN
tact and ready for operations. J.
General market conditions are more
largely responsible for the slump in G.
o. d. Con. stock than is the physical
condition of the property, which shows
very encouraging prospects for making
a good mine. 4.-Brokerage firm you
ask about is still in business.
G. F., Hoboken, N. J.-Daisy is IN
the dumps. Company is working only
a small force of men, and may close
down entirely in the near future unless
something better than they have at
present develops. Several sets OF les
sees are producing a fair amount OF ore,
but the ore shoots seem to be erratic.
A fine showing one day may show a
decided falling off the next, or vice
versa. An attachment for $4,000 al
legged to be due on a note held by Frank
Horton has recently been filed against
the Daisy company. 2--If you mean
the Consolidated Red Top lease, there
is no way for you to recover your loss.
3-Your Goldfeld Consolidated is as
sound an investment as government
bonds. Hold it for dividends as well
as rise in market price, and dom let
90. C. o. d. Con. is way below intrin-
sic and prospective value.
D. J. D., West New Brighton, N. Y
C. O. d. M. and L. company is evident
" out Of business. They did a large
amount of work, but did not open a
paying proposition; therefore never paid
any dividend. The ground has recently
been leased to another company, head
ed by Thos. A. Lister of Los Angeles,
and preparations are being made for
extensive development. There was some
talk of taking care of the stockholders
in the old company by giving them
a chance to exchange stock on some
kind of a basis, but we do not know
at present what has finally been de-
cided upon by the new company. g.
Nevada Eagles, as far as we are able
to ascertain from a very secretive man.
agement, is developing what promises to
become a mine, but inside information
is hard to get. 1t is a fact, however,
that they nave nice ore opened in the
property, and are steadily developing
with a good force of men.
G.. G.. B., New YOKE. o. d. Con,
ought to be a good buy as an invest
ment at present price, although 1T may
go lower, owing to general market con
ditions. 1t is more than a good pros
pect, with fine chances to make a good
mine. Management is in capable hands
and proceeding along safe and conser-
vative lines.