Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1900-1911, 1909-11-09
OCTOBER PROFITS
OF MILL ARE BIG
PLANT NETS COMPANY MORE
THAN HALF MILLION
Directors VIII Discuss Extra Dividend
at Meeting in GodfeId Novem.
Der 19-Work Resumed on
Florence Lease

The big mill of the Goldheld CONSOLE
dated Mines company made a great
record in October and showed itself
amply able to take care of the 3O-cent
quarterly dividend, amounting to
$1,067,0 90 The average daily tonnage
for the month was $50 tons, and the
net profit to the company after taking
out the entire expense of mill and
mines was $558,00, a daily average OF
$1S,000
In the Hampton stope operations
have been chiefly confined to search
for the bodies of the two TRAINERS
buried in the cave-in of ground sep
tember 25. One body, that of Bertsen,
was found Saturday. The search has
been prosecuted by following the rails
along the level on which the men were
working The rails are most curiously
twisted, going up and down and
around, making the work very slow
Three shifts are employed and the
greatest possible dispatch is made, but
it is necessary to 10 a great deal of
timbering to protect the lives of the
men employed in the work.
On the fourth level, where II is the
intention to start an immense glory
hole when mining is resumed, some
work is being done to get the stope in
shape for continued working. No ore
will be lost by the company on ac-
count of the accident, and 1t is claimed
by the engineers that the ore can be
mined at a lower cost than formerly
when operations are resumed.
The company has been tearing out
the portion of the mill in which the
solutions come in contact and burning
the timbers of the launders for the
gold which they contain, after first
chiseling off the hardened particles
which have caked on the outside. Gold
to the value of $4,000 has already been
secured in this way, and the work is
not yet finished.
The next meeting Of the board of
directors of the company will be held
here November 49, at which time a
full quorum is expected. At this meet
ing the regular quarterly dividend
will be declared. None of the local
members of the board will hazard an
opinion as to the possibility of an
extra, and no one has an inkling as
to the wishes of the directors who re-
side in the east.
Leaser Resumes Work
G.. IT. Seeley of Boston has resumed
development upon the Nevada Florence
lease upon the Red King claim of the
Florence Foldfeld Mining company.
This is the same ground covered by
joins on the south the Rogers Syndi-
cate, one of the heavy producers of
high grade ore which was contempt
raneous with the Little Florence, Flor
ence Annex and Engineers leases.
Efforts to locate the south extension
of the big ore channel which contained
such magnificent treasure in Sugar
Loaf hill have 50 far been unsuccess-
full, and for that reason the develop
ment of the Nevada Florence will be
watched with particular interest by
mining men.
Jumbo Extension Let's Lease
The Jumbo Extension Mining COM
pany has granted to Charles Schroe-
der and associates a one years lease
upon a block of the Gold Coin claim at
Diamondfeld. The new lease lies to
the east of the old lie Foe lease. which
made a good production in the early
days of the camp. This claim has
been involved in litigation with the
Diamondfeld Triangle company for
three years, which has only recently
been settled by the voluntary dismis-
sal by the Triangle company of its case.