The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-03-06
c. J. L., Kansas city-The last repo

given out by the American Smeitihs
and Refining company, only a month
ago. shows as follows:
Net earnings from operations s3,si',o''
rN.-.,;an ;m,rovements 1928
Balance. for dividends--.- 3,s4l,'oo
Preferred dividend, 31a pref 1,'5o,oo'
palanee for common stock 2,O91,Io o
stock dividend, . pref 100000
sur,rrs l:091,7 60
This statement can hardly be consid-
cred a lucid one. 1t does not show the
losses which the company has suffered
from the great depreciation in silver
and copper, of which 1t holds large
quantities. The insignificant ~approprla-
tion for construction and improvements
indicates that the property is above |
70 RIM down. The statement evidently
is intended to help the stock. howeve',
it did not do much for it. 1t led TO d
drive AGAINST the large short interest,",
but did not cause any real investment
purchases.
T. T., Pasadena, calif.-The new
l0-stamp mill and Cotton cyanide plant
ar the Goldfeld Silver Peak Mining
company will be ready to run within the
next thirty days. The mill buildings
have already been completed and the
machinery is now being put in place
The plant was purchased from the
Eddie Engineering company OF Los An
g,les. and will cost 100000 when com
pleted. The company has acquired the
three claims of the Blue Diamond MIN
ing and Milling company, adjoining
the Goldfeld Silver Peak and now owns
nineteen claims in all. development on
the main property is being pushed
theoretically in the form of drifting
on the vein at the 100-foot level. AT
the 200-foot level 20 feet of ore has
been opened up in three veins while
there is a seyen-foot face at the 100
foot level. Experiments upon which
the order for the new plant were based
show an extraction of SO per cent by
amalgamation and cyaniding and thu
average value of the ore is said to run
considerably over $50.
v. E. p, Readsboro, Vino work i:
being lone on the Bullfrog property #
which you speak. The machinery was
removed some weeks ago to operate
another property. The former property
is not necessarily valueless, although
the machinery is removed. The com
pany has no money at present witt
which to operated and therefore no use
for the machinery. Bullfrog is looking
up, and the general revival may put
money into the Golfers of the company
and permit work to start.
j. w. D., Ford City, Pa.-The POI
lard Florence lease, after an expendi
ture of a large amount of money, has
been abandoned. Not enough time re
manned to sink another lift and money
was lacking. (2) Nothing has beer
done on the Hercules for some time
Both Calvert and Pollard have beer
| absent from Goldfeid for some time
operating elsewhere.
j. Nice, st. Louis-The Eclipse ledge
has not been reached yet in the cross
cut from the 23S-foot level of tn,
Tramp shaft. The shaft was sunk OF
the ledge, but owing to a fault it wa.
lost and has not yet been recovered
The crosscuts SHOW traces of ledge mat
ter, but as yet nothing in place. Worl
is being prosecuted diligently.
q. B., Oakland-The Empire Cold
field and the Empire Goldfeld Alabama
are two separate and distinct corpora
tions. The latter company has a lease
on the Empire. Put down a shaft aboat
1875 feet and ran out of funds. Wi
resume shortly, we are told. 1t is tn,
Empire proper whose stock is called on
the San Francisco exchange.
G. M. s. & Co., New Worthwhile W,
are not positive about it, we are dis
posed to believe that the Ben Hur re
ferred to in this paper of December
18th, has some connection with tn,
Boston Goldfeld. At least the latter
company has several claims in thai
immediate vicinity.
r. T. J., Richmond, Ind.-The Con
solidated Red Top is producing on a.
average of 25 tons of ore, running
about $50 per ton. A ear was sent
Tuesday and another Wednesday. Last
settlements received this week was
1896 ounces gold and about 3 ounces
silver.
w. j. p, Boston, Mass.-No work Is
being done on the Orc. Several appli-
cations for leases have been filed. bnt
none granted as yet. 1t is good ground.
(2) Kewanas working right along and
is favored territory. 1t will doubtless
make a mine some day.
M. D., Grand Rapids, Mich.-Afte-
doing extensive prospecting, the Rust
Ter lease was shut down, but arranq,.
nents for finances are being made to