The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-05-15

ing. (3) Could not make out the nam.
of the Ely company. Try again.
F. a. B., Fresno. Calif.-We l,,-
that ''hope deferred maketh the bs.,.
Sick, and you have reason for cou
plant. But you are a little off in N.
statement of the facts, in some i,
stances. The Florence never did prom;..
regular" quarterly dividends; in fac,
it distinctly stated in distributing Il,
first dividend that while it intended -
possible, to pay dividends quarterly. !,
would only pay dividends when the con.
dition of the treasury warranted ana
that the property would be run upon ,
business basis and not for the stoe,
market. Senator Nixon was very ma.
mature, indeed, in some of his promise.
to the San Francisco stock bo,,a
as to Consolidated; we thought at tho
time that his u%tterances were uuv;,o
and smacked of an attempt to infuen..
the market. We, as everyone else, ve,.
disappointed that dividends did not be.
gin with the first year, but then eau,ion
and conservatism, warranted the DELAY
to see how the mill would act. Wba,
it was found to be all right, then the
first dividend was declared and there
is every reason to believe that regular
quarterly dividends will be paid from
now on, with now and then an extra.
for the mine is certainly making more
than it's quarterly disbursement. As to
Fraction, it looks as if it would never
be anything but a milling grade mine,
unless the big Hampton ore body IA
encountered with depth, and this is alto.
gether possible. The last statement of
the Fraction, only recently issued, was
hardly what was expected.
Hugh, Los Angeles. There is a strue.
gle on in the Mayfower for control of
the company. The mill has been doing
fairly well, but it must be remembered
that the first month or so was in the
nature Of a try-out. We understand
the output of the mill is improving
right along. 1t has been charged that
the output vas kept down at first for
a purpose, but that has never been sat.
isfactorily proven.
J. N, New York.-Have attempted
to get something for you about the
Olympia Mining company of Seattle,
but so far without success.
W. A., Glens Falls, N. Y.-Our In.
formation about Salome and Bous dis
tricts, is only what we see in the cur.
rent papers. Not so frequently men.
toned now as some time ago. (2) There
is no likelihood of the leasing company
getting the veins you speak Of. ()
Bullfrog Golden Sceptre has not been
worked for a long time and is not in
the list of preferred prospects.
G. s., New York.-You ask about the
Jumbo Comstock Gold Mines company
in one place and then about the Jumbo
Consolidated in another. Which do you
mean or did you want information on
boths
q. O. E., Cass, w. va.-All four are
good prospects. Atlanta is working
several leases and a full account will
be found in this issue. Great Bend is
being worked by two sets of leasers,
and both have ore. The LOTUS Davis
lease has a great deal of milling ore,
and the Diadem lease has had some
high grade. But both leases are trou'
hledbied with water, but the water IS
fast receding. Jumbo Elk. has excel
lent ground scattered over the district.
The company is not working at any
place, however, for reasons of its own.
There is considerable moneyin the treas,
ury. Booth is regarded as good ground
but has never been exploited. They are
ali ROod 70 uOlu vi W, as INV
in all right some day.
A. w. s., Washington, D. C.-Do not
regard it as a good buy as nothing ns
been done on the property for q long
time and nothing promised soon, 50 TAI
as We are advised.
T. j., Port Townsend, Wasn.-lhe
Security Reduction company has seven
claims in the Philadelphia district, fosF
Office, Belmont; four of the claims q"
patented. No work has been uons
since New Year, 1908. 1t is an w
property on which much work had p''l
done. A Los Angeles company '~'
hold of it and is trying to raise mOn''
to build a new mill. The old workins'
consist of two hosting plants ana wv
mills, all of which have been par"
d~ismantled. The company is in aep'"
their men, we understand, which ~o'.'
indicate that it is far from being u
good financial condition. Repairs v1s
made to the old mill last fall ana aO' :,
100 tons were run through, but sn0 i,
was in no shape to make a savlng'
we are told the management pre
to be satisfied with the results. lnss
is a great lot of dump ore from inc
workings that the management
viii 40, 70 vorLal nronerly. IL no.