Los Angeles herald., 1910-03-06
Especial Correspondence.)

and the business management OF us
affairs At the conclusion of the meet
ing and after the committee had been
afforded every opportunity to satlsiy
itself upon these points the members
expressed the greatest satisfaction with
the conduct of the property and con-
fdence in the management.
From the tenor of reports to be sent
later to all stockholders it is apparent
ly the intention of the company Of
fcials to pay regular quarterly divi-
dends hereafter. 1t has been the policy
of the directors to maintain large
cash reserve as insurance against ac-
cident, such as fire in the mill or mine,
and for this reason, it is explained,
dividends have not been paid more fire.
quently.
Florence Breaks Its Record
The Florence mine is now making
q production exceeding that of any
period in its history and the enlarged
mill is proving an unqualified success
both from tonnage standpoint and in
the saving OF gold values. During the
, past few weeks it has treated as high
as 40 tons of ore daily and the mill
heads have been advanced in value TO
between s24 and $2S a ton. In every
department of ore reduction the high
est degree of efficiency has been at
tanned and tho return to direct ANAL
gamation, replacing the use of carpets
on the plates has resulted in addi-
tional economies and n large reduction
in the tonnage of concentrates with
proportionate increase in the amount
Of gold saved i'm amalgam and re-
duction in the amount of cyanide used
from 1900 to 1000 pounds monthly.
Development continues to render avail
able greater reserves of excellent ore
and the main shaft will soon be en-
larged to three compartments to the
500-foot level.
on the Combination Fraction the
main shaft is being sunk from the 6l2-
foot level TO a depth of 800 feet and a
station will be cut shortly from which
laterals will be sent out to explore
veins from which a large production
has been made on the upper levels as
well as to open up uneXplored terri
tory to the east and north of the
shaft, whore il is hoped to cut some
feeders from the Mohawk and Jumbo
veins. Manager Wilkinson has been
conducting development work at and
below the 500-foot level, but although
some ore of medium grade has been
exposed there is not n sufficient ton
mage i'm sight to justify beginning an
other mill run. The crosscut at the
6O0-foot level, which has been driven
by the Consolidated across the Com
hination claim. has failed to expose
ore of commercial value.
Makes Occasional Shipments
Occasional shipments of good ore arc
made from the Goldheld Belmont,
north of the Daisy. The Yellow Tiger
shaft has been unwatered to the 700
foot level and renairs are being made
to air pipes and other fixtures in prep
1fAfATr ~
the 900 and 200 levels, where large
veins of low-grade material were
opened last year. The Nancy Donald
son. in the eastern part of the district,
is drifting on a vein carrying seams of
pay ore and recently a larger deposit
of good ore was opened by the drift.
Shipping ore is being taken from the
company workings of the Diamondfield
Black Butte in the original adit on
the north side of the butte, from which
n raise is being driven to tap the ore
shoot exposed by lessees and from
which the latter have made several
shipments averaging well above 500 a
ton. Company work will be resumed
on the Grandma shortly under the di-
rection of Henry Weber.
A notable revival in leasing opera
tions has been apparent throughout
the district during the past two
months. during which period at least
thirty new leases have begun work at
points scattered over a wide area.
Several important discoveries of ore
have already resulted from this work,
the most noteworthy of which is the
opening of three feet of shipping ore
at a depth of 500 feet in the Annex
shaft on the Poleverde claim, the joint
property of the Consolidated and Jum-
bo Extension companies.
The Annex lease, operated by Phila-
delphia men and managed by T.. C.
Watson of Goldfield. has a three-com-
partment shaft and excellent equip
ment and has installed ore bins and
a X-drill compressor. Drifts are be-
ing driven on the vein east and west
and a raise is following up the ore on
it's dip. This vein is apparently inde-
pendent of either the main Mohawk or
Jumbo veins and the discovery is re-
garded as one of the most important
of recent times in the district.
In Shipping Glass
Shipments are now being made regu-
larly from the Gold Bar workings of
the c. o. d. Consolidated by w. f..
Gray, r. e. Thomas and associates,
who have secured a five-year lease on
the Gold Bar and who will soon erect
a 50-ton mill on the ground. In
further opening up the old workings.
which have produced large amount
of rich ore in the past, ore of excellent
grade was exposed at several points