The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1910-07-09

nature of the formation encounts-o,
may change these plans. After reach.
ing the 1000-foot level crosscuts win
he sent s~outherly in search of a con.
tinuation of the veins which are head.
cd for this ground. The work is bein,
done on company account.
j. T. 8. Denver.-The SearchliSbt
Mining and Milling c~ompany's shaft i,
now completed within so feet of IN.
surface, and it is thought that within
a few DAYS the work win be practical.
lv finished. For the last 40 feet it has
been necessary to make almost a new
shaft. To keep the alignment the shaft
has been cut into the foot so that che
former footwall became the hanging
Of the new shaft. Following the com.
pletion of the shaft, a gallows frame
will be erected and a new pumpin,
plant installed. This new pump will. be
a triplex with a capacity Of 500 gallons
a minute. The peculiar feature Of the
plant will be its operation by means of
two endless cables.
F. G. Salt Lake-Application will be
made to the New York Stock Exchange
within the next so to 80 days for the
listing of the capital stock of the
Mason Valley Mines company. 1t IS
understood that the listing of this stock
would be made earlier but for the fact
that the company will have to get new
certificates engraved in order to meet
the rules of the New York Exchange,
and it will also nave to make q repor:
up to date showing it's assets, liabili.
ties and earnings. The stock has been
very dull on the New York Curb mar.
ket for a great many months, and, in
fact, never was a speculative favori.e.
The listing of the stock on the Stock
Exchange is understood to be for the
purpose of giving it a greater loan
value in the banks.
T. s. M, Salt Lake-The Gcldfel3
Alamo Mining company, operating At
Lucky Boy, filed with the attorney
general of Nevada an official statement
of the company finances for the first
half of 1910. The report, signed by
J. H. Miller, president, shows that I'M
der company operations 1904 feet Of
development has been done; 2212 tons
of ore, having a gross value OF $loe,-
242, has been extracted; tota! charges
for smelling, freight, hauling and as
saying, $51,a9s; paid for labor, $751;
551; paid in dividends, $42,0 600. The
property consists of six claims and an
undivided one-half interest in two 9th
ers. Buildings, machinery and improve
ments are inventoried at $1s.419; days
labor in the last six months, at an
average of GA shifts per day, $49,O6J,
salary of president, general manager
and mine superintendent, $4,000; sa.'
airy of vice president and secretary,
and assistant general manager, 1,StV;
bullion tax paid during last six months
prior to June 1st, $341.
M. w. ", San Francisco-The meet
ing of the stockholders of the Manhat'
tan Dexter Mining company called Tor
June g., 1910, to elect directors for the
ensuing year has resulted in a serious
complication, and it now looks as II
the matter will have to be settled N
the courts. Since the injunction was
issued enjoining the holding OF the
election of directors, the contendins
factions have published signed articles
in different newspapers in the state and
have mailed circulars to the STOCKHOLM
ers, presenting their sides of the ease
and asking for the proxies of the non
resident stockholders. Between tnese
two eontending factions the stockholm
ers have a serious problem TO soive'
The one faction is dissatisfied with ths
present management. The other fears
the prospect of the control Of the eom'
pany going to parties whose atti1uo'
toward the Dexter company may mol ~
disinterested. If the faction now ="
handing change of management secae
control, it is within their power to per
NIT judgments to be taken against NV
company IN the apex and damage sun'
row pending. A solution most 70
desired, but under present coadi''oa'
hardly to be hoped for, would De VIZ
election of a management eontroileu
neither of the warning factions ="