The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-02-27

meeting or the UfeehWater Conn,
| Mines & Smeltcr company, the holdi,.
company owning the stock of N
| Greenwater and Death Valley and Upr
ed Greenwater Copper company, it w..
| shown that the company has still a eas.
! balance on hand of sl3s,l36, represep,
ing $4,000 in the treasury of n.
| Greenwater & Death Valley eompa,r
and ss7 ,O6s in the treasury of the Uni,
ed Greenwater Copper company. IT..
Greenwater Copper Mines & Smelts
company is essentially a holding CON
pany, as it possesses no ground of il,
own, but holds a controlling interest h
the mines held by both of the subsidiar
enterprises. Work is still going on ,
Greenwater, and to date the unds.
ground work aggregates over 5000 fee,
The report makes no mention of II,
discovery of any defined bodies Of con
per ore to date, though a number Of
good.looking seams have peer eneoup,.
cred.
r. T. NJ, P%ittsburg. We are unab,
to account fully for the slump in Con.
bination Fraction. When George VIM.
field was in Goldfeld lately, he boupr
quite heavily, but the market kept o.
ing down just the same. The CLEANUP
of the first 13 days run was not whst
the public expected; the amalgam n.
turn was 262 ounces amounting 10
81 ZOO, which was not all that was hoped
for it. Since, however, the output hi,
been much larger. The daily shipment,
are about 100 tons, and the ore is run
ming on an average of not less than So.
in fact much of it goes $40 per ton
One hundred tons of $25-ore per day
would be $500 or about $4,000 Der
month. Deducting mine and treatment
charges this would leave a nice surplus
of not less than $4,000 per month.
which is going strong in the direction
of the dividend stage. The Fraction
has a large body of mill ore and lately
opened up another big shoot good f1r
a longtime production. The stock i;
fully worth its present price for a spec
u~lation.
T. K. M, New York. The extra,t
from a market letter you send us is a
gratuitous and uncaIled for knock en-
the Florence. In fact it is a lie in pat
of what it states. President Lockhart
has never admitted "flatly'' or other
wise. that there would be no dividenl
on Florence. He has refused to CON.
NIT himself one way or another. He
certainly has not admitted that the
mill was a partial failure for that
is not the case. The first battery of %
stamps was put under thorough tri1l,
and then another battery of 10 stamps
was added two weeks ago; now a Thru
battery of 10 stamps will be put in3
coihHiissioh III d udy " tNo, Hianihs t'
full complement of 40 stamps. If the
mill were not running satisfactorily,
have been put into commission until
the proper changes were made. The
30 stamps are now pounding out abou'
135 ton per day.
w. G. c., W%arrensburg, Ill. The Gold
field Brokerage company is working Is
Red Top lease on the Red Top extension
with three shifts and is down 800 feet.
The lease is well located and we IN
derstand is sufficiently financed to sink
the shaft to the proposed depth where
the Mohawk vein is expected to be
reached. We do not know what ground
you mean by the "sGOldfield- Fraction.
(2) The Goldfeld Brokerage COMPANY
has given up it's lease on Florence
ground and is working a lease for the
same company-the Florence Consoll
dated-on the Broken Hills property \.
Helena, where they are said to have {
good showing.
R. H. T., P%ittsburg. The Diamond
field Florence company owns three pa
ented claims a quarter of a mile east
OF the Black Butte. Very little WORK
has been done on the acreage the pas
year. AT a recent stockholders NEE
ing, however, the report of the secre
tary showed the financial condition %
be good, and it was decided to sink the
shaft from the 150-foot to the 30O-fod
point, for which a plant of machinery y
said to be ordered. At a depth OF "
feet a 6-foot vein was cut that carried
good assays.
x. Y, Chemawa, Ore. Several of the
Florence leases have paid their opeff
tors large returns, as follows: (Actu~
dividends over all %cxpenses) Little FLOR
ence Mining company, $430,ooo; Ros
crs Syndicate, $3O5,O0O; Engines
Lease, $4,000; Florence Annex, w.
Up; Mohawk Florence, 100000. 0thes
have made some money not included =
the above.
H. M, Guernsey, Wyo. The lease you
ask about has expired and the eomps''
gone out of business.
d.
X. T. g. L., Buffalo, N. Y. Have ~
livered your letter to NJ. NJ. DeN@