Los Angeles herald., 1910-01-09
NEVADA MINES
LEAD IN GOLD
YEARS PRODUCTION TOTALS
S30,OO0,OO0
ESM ERALDA RANKS FIRST; NYE
SECOND
Entire State Makes Progress-OId
Mines Gain in Output, New Ones
Meet Expeetations-com-
stocks Improve

! Nevada mines produced approxi-
mately 100000, 900 In 1909 Esmeralda
county leads with approximately $13,-
| 100000 in gold, silver and lead. This
| Includes Goldfield, Rawhide, Silver
Peak, Lucky Boy, nina, Hornsilver and
| Gold Mountain. Nye county is ac-
credited with $6,000,000 in gold, silver
and lead, and White Pine county, which
was not on the bullion tax list a year
ago, comes to the front with about
| Sh5OOOO0 in copper Eureka county
claims practically 81 ,500,0 in gold sill
yer and lead for the year; Humboldt
shows 100000 principally gold, Lin
coin county $500, 600 in gold, silver and
lead; Storey county 100000 in silver
and gold, Lyon county SIS, 900, Churchill
$4,000 silver and lead, Clark county
$l55,000 gold, silver, lead, zinc; Washoe
county $4,000 in gold and silver
ApproXimating the states output
into the various metals represented,
gold is credited with about $14200,O00,
silver $6,500,O00, copper S7,500,OOO, lead
$l,6O0,000, zinc $200,000
Nye Ranks Second
Nye county, including Tonopah and
Round Mountain, comes second to Es-
meralda in dividends. having paid or
declared $1590,O35 during the year.
Tonopah Mining company leads with
81, 440, 900, Round Mountain Mining
shows $12S,000. and Mcnamara $22,0
The entire state has shown most sat
isfactory progress, old camps making
material gains, and new ones that
have been discovered meeting reason
able expectations. The Comstocks at
Virginia City are doing better than at
any time since the palmy days of that
great bonanza. The monthly payroll
of the Comstock is said to be $4,000,
which will give fair indication of the
real activity along that famous lode.
Among the new camps that have
made good during the past year are
Bannock and National, and others give
promise of doing well with proper de-
velopment. In Esmeralda county,
near Blair drilling for oil has been ac-
lively prosecuted. At Indian Springs,
in Lincoln county, boring will soon
begin. Quarrying of black marble of a |
superior quality is progressing near
Nina, and a valuable barytes deposit
is being opened near Silver Peak
GoIdfied the Premier
GoIdfield has during the year 1903
clinched more securely than ever the !
title of the premier gold mining camp
of history, and has nailed it down with
a production of more than $10,000,O00 |
ing the total record for the six years
since it's discovery up to $35,971, 612.
OF the 5000, 900 produced during the
year Just closed, the Goldfield Consoli-
dated mines have SS,117,612 to their
credit for 1909, and grand total OF
$24, ,264, ,612 for the Consolidated proper
ties The net profit of the Consolidated
for the year is $5,917, $40. The Console |
dated has paid out $3,201,23S in divi-
dends at 80 cents a share during the
year, and has declared another divi-
dend of so cents a share, payable jan
uary 81, 1910, amounting to $l,U9,549'
which must be credited to the earn
ings of 1909. That will bring the total
dividends of the Consolidated COM
pany up to $5,6S9,165.
Coming Dividend Is Large
A comparison OF dividends paid or
accredited to earnings of 1909 brings
out the fact that the quarterly diVl-
dend of 81, ,7S0, 900 to be paid by the Con-
solidated January 81 is greater than
the entire dividends for the year of
any gold or gold and silver mining
company on this continent for the past
year. But still stronger than that is
the fact that the Consolidated's div
idends of $49S0,7S7 for 1909 are greater
than even the Amalgamated Copper
company of Montana, with SO, SAT, 1877 toI
1IS GIeull lOI tilt JOebA NAiS
States Smelling and Refining company
with $1,750,000 paid on common ana
So O52, 500 on preferred stock; the An
aconda Copper company with S2,40O,
900: Boston & Montana, $,2O0,O0O; Cal
umet & Hecla, 81 100000, or the Home
stake with $1,20S,4O0
The wonderful strides of the Con-
solidated during the past year, and
the increased ore reserves and mill
ing capacity with which it starts 1910,
give reason to predict that the next
twelve months will witness far
greater production and dividends than
has the year just passed.
Florence Meets Difficulties
While there have been many annoy
ing and unforeseen obstacles encoun-
tered in bringing the Florence mine to
the desired production and mill facll-
tiles, entirely satisfactory results are
now being achieved, and the mine is
producing approximately $12O,OO0 a
month at the close of the year. Off
cial figures are not available at this
time. but a conservative estimate
nIaces the 1909 ouput of the Florence
at $500 900. Two dividends of $1O5,-
600 each were paid by the Florence
company, bringing its total dlVldehd
disbursements up to S63O,O0O'
Combination Fraction has been err
ratio. it's output being estimated at
anproximateIy $3.50, 900, with a dividend
of S92, 200 paid october Is.
Early in the year the Consolidated
Red Top lease paid a dividend of $2O,--
600 making a total of $4,000 from that
company. The Daisy is accredited
with a production of about 100000 for
the year on company and leasing ac-
counts: the Belmont $4,000; c, O. D.,
six coo: Black Butte Consolidated
leases. SIT 1000; Consolidated Red Top,
ST Ives, Kansas City-Velvet, May
Queen. Gold Coin, Kendall and other
Ieases S40O. goo. The total gross out
mt for the Gpldfield district for the
wear will approximate $1o,o746l2, out
of which dividends amounting to S5,--
900 7e7 SO have been paid or declared
navable to stockholders.
Underground Work
Miles of underground development
work have been done to open addl-
tional ore reserves, and extensive I'M
provements and additions have been
made to the milling facilities OF the
camp, the results of which VIII De
splendidly demonstrated during the
year 1910. In this connection is seen
the best performance of the Consoh.
dated was during the last quarter OF
the year after the Combination MIL