The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-22
GoldfeId Consolidated wi
Meet Next Thursday to Post
Quarterly Profits.
WILL LIKELY BE
FIFTY CENTS SHAH
Deep Work Bringing Pil
Values to Light in Steady
Fashion.
Special 10 The Tribune.

Special 10 The Tribune.
GOLDFIELD, New, May 21.-At
next regular quarterly meeting Of an
tors of the Consolidated Mines cornpa
to be held in Godfeld on Thursday. \
26. the amount of the next quart,
dividend viii be determined, and z,
present Indications IT, seems fair Ia
sumo that the amount will be so e
per share. the same as the last
payments This belief Is based n
statements of company officials "a
time ago to the effect that the fr>
the mill need cause no anxiety regard
future dividends. and upon the fact
the company's earnings have been M
talned upon a basis such as to eui
Il readily 10 continue payments at
rate and to offset the fire loss. Itt
be that the mill returns for May I
be less than those. OF last month. for,
reason that the mill output was cred
with some 5000 ounces OF gold saws
a general cleanup of mill cqulpmenf
lowing the fire on April 8, but shipmr
Of high grade ore TO the smelter car
maintained without an effort sufIid
to bring the earnings up to any fI
desired
Visiting mining mon, cngineers
geologists, who arc afforded the on
tunity 10 inspect the workings off
Consolidated mines, invariably givo
preston to their wonder at the vast
and great value of the ore reservos
posed. IL VIII be interesting TO see 4.
value the manager places upon thc 4.
pany'S reserves of ore in the estimaif'
be included In his next annual repori
the last annual report was purpk,
made conservative 10 the last degr6a-
the estimated tonnage was given asH
tlngent upon just such developmenfn
have been perfected since that II
Monthly estimates Of ore exposed
contemplated only that placed In =
on the regular levels and have 4
nothing for granted, although nearI,
the principal ore shoots have now
exposed on intermediate levels.
II is not yet known what memhc
the directorate OF the Consolidated I
be in attendance at the quarterly a
Ing, but Mr.. ]. II. Mackenzie, toni
general manager and now managlut.
rector and consulting engineer. will lr
ably be absent as he is examining ~
I'm Mexico. Al about the same tim
be held tho annual meeting OF the
hinatIon Fraction company. whe1z
president. George Wingtield. will lIE
Gpldfield. The Consolidated contfnN
record new discoveries OF impor>s
The main Mohawk ore shoot has
exposed on the 900-foot level. Tli
doubly important in demonstrabW !
continuity at depth of this ore shc r
heretofore IL has been the generz
lief that this shoot would be fou )
form a junction with the Clermon1a
below or near the 750-foot level. ut'
of which the separate identity ca
shoot Is maintained. 81
Another typical Mohawk bonanz9
been developed at an Intermediates 9
the 650-foot level. at a point ne4-e
Gold Wedge fraction. formerly the In
erty of the Jumbo Extension conc
but decided II the Consolidated ilE,
ad Indication OF apex litigation bal5
the two companies. From thislts
vein fortune in high-grade ORR 9
taken by lessees above the 40O-foor Z
The company is now driving aux &
levels 10 open UP this ore shoof1a
where now exposed and followed - az
200 feet IL is OF high grade andF q
ages % feet in width. a good Nr
of excellent mill ore is coming fw N
1000 foot level OF the Clermont. Me
big stopes on the $50 level are ifsc
ing the high grade for shipment Z P
smelters. Last month the recoveI uc
ioS tons Of this ore was about Va
and the inroads made by this profa
are scarcely preceptible. ts