The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1910-02-12

e. e. s., Philadelphia.-The last
s~emi-annual report of the NeVaua
Wonder Mining company, was lssueo
september 30, consequently another re-
port is due March 30. According 10
that report money was being raiseu
for a mill. which has since been par
tally if not quite completed. There
was sufficient ore developed, averaging
s25 per ton, to run a 20-stamp mill for
several years, when the hnanclal
stringeney of 1907 forced the company
to close down. During the past year,
i'm order to provide for mill building,
water and power, certain stockholders
of the ompan subscribed to a fund OF
$780, 1000, subject to call as needeu,
subscribers to have the option OF tax
ing stock in the company at par III
1910. or the return of their II Win
interest at 5 per cent. During the SIX
months preceding the report, $2Z,oOo
were realized from the sale of treasury
stock the stock having been sold at
par. There remained at that time IN
the treasury, $4,000 shares. Work at
the mine consisted, at the time of the
report. of 5000 feet. Ore developed,
80, sos tons, estimated to be worth
1892. 900. At that time there was
S6,4S9.97 on hand.
Can Tronciccn-Wp can
not undertake to answer inquiries by
mail and only subscribers at that. But
as YOU are a newsstand patron, as you
say. we will stretch a point this time.
The Tonopah Rescue is inside ground
and gets it's value from its location
rather than from any mineral develop
ment. Nothing much is being lone ON
this property. (2) Goldfeld Hub is
in the process of reorganization, but
do not know when it will be consum-
mated and the company put on its feet.
(3) Midnight Pawnee is not being de-
veloped. (4) Keane Wonder is clear
ing about $1,000 per day, its net re-
turns last month being $4,000. (5)
No development being done on the
Black Butte Extension.
L. T., Santa Rosa.-The patent sur
vey of a placer claim is much the same
as that of a lode claim, except that it
is not limited to such a great extent.
TIE claim must lie within the location
- "a, H.. oanaN+ 1on 0por
other claims, all known lodes must be
excluded, and the deputy must submit
under oath to the surveyor generals
office a description of the soil, vegeta-
ton, etc, on the ground included with
in the placer claim. Two disinterested
persons are necessary to make a cor
~roborative affidavit. When placer
ground is patented by legal subdivision,
no survey is necessary, but a descrip-
tive report must be made.
I. E. G., Kutstown, Pa.-You will see
in another column of this issue refer
ence to a strike on the Blue Bull prop
erty. Work is going on there under
~leasers and the appearances are good.
T. M. p, Pueblo.-The stock market
has been very strong the past two
weeks. The last few days have shown
special advances. 1t looks as if the
investing public was beginning to real
ize the opportunities offered by the
medium and low priced stock of Gold
field. Some of the stocks have doubled
in the last two weeks, others in the
last 80 days, and so on. Goldfeld APP
pears to be on the eve Of considerable
stock activity as mine conditions nave
been constantly improving the past few
months and prices are too low for the
development and prospects of the dis
trict. 1t is beginning to look as if the
reports from the cast that the public
was about to return to the mining stock
market again, were correct, for never
for two years has there been such a
local demand for Goldfeld issues as in
the past month.
r. R., Cohes, N. Y.-Don't be alarm
ed at reports that Goldfeld ConsolI-
dated is playing out in the lower levels.
This has not yet been proven, by any
means. The vein has been opened at
the 1OO0-foot point and it is very large.
So far the vein has been crosscut 80
feet. When it is considered that the
vein is a mile long and 200 to 4O0 fea+
wide on each level, there is plenty of
chance yet to find an ore shoot at the
1000 level. There is an upraise ON this
level that gives a body of ore that rms
from $50 to 300 per ton, and the ore
body is bigger than the raise. While
there has yet been no commercial ore