The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1910-01-22

49,
to you so shares of the stock of the
new company; and if you hold 1000
shares, by sending it properly endorsed,
together with the sum of $50, there will
be issued to you 500 shares of the stock
of the new company, and so on. The
stock of the new company will be listed
and will not be sold to outside parties
for not less than 25 cents per share.
After the Coming Nation stock is ia.
ken up there will remain in the treas.
ury of the new company 100000 shares
of treasury stock. which will remain in.
tact. The money received fr~m the sale
of the 25O,0 o shares of stock of the
new company, which is being Offered
to the old stockholders by the own.
ers, will be used first for the payment
of the claim against the property, and
the balance will be used for the pur.
chase of machinery to be placed on the
Curley George claim, and for the fur.
ther development of this property; and
if further money is required some of
! the treasury stock can then be sold at
25 cents per share for the prosecution
of the work. The Indebtedness of the
old Coming Nation company was $4,000.
The ~reorganizers of the old company
say they propose to raise sufficient
funds to liquidate the Indebtedness
against the property formerly owned
by the Coming Nation company. After
this debt is paid the balance of the
cash will be used to erect a hoist on the
Curley George claim and to continue
the sinking of the shaft, which is now
200 feet deep, to not less than 500 feet,
at which depth high grade ore has been
taken out of the adjoining properties.
They also claim they will put the Boom
Fraction in such shape that it can be
leased of course, it is up to the stock
holders whether they want to advance
further money to try and saw what
they have already put into the Coming
Nation. The ground owned by the new
company, while not extensive in area,
is excellently located, the Curly George
being between the Grizzly Bear of the
Consolidated and the st. Ives, of the
Merger Mines company.
K. M. Meg, Galveston.-We do not
know what the output of the Alaska
fields was for the full year just past.
Gold receipts at the United States as
say office for the six months ended De.
cember 81, amounted to but $10,151, S39,
a shrinkage Of $6,41S,O63 from the re-
ceipts for the same period of 1905,
when gold amounting to SIG, s. 1903
was brought down from Alaska and
assayed at the Seattle assay Office. Lack
of sufficient water for sluicing and Thea
fact that many miners left Alaska ear
lily in order to visit the Seattle exposi-
ton are given as the principal reasons
for the falling off in the gold receipts.
G. M. G., Los Angeles.-There was
rumor that the Keane Wonder has
closed down, but it was absolutely
groundless and we have no idea how
the rumor started. True, the severity of
the weather caused the mine some
trouble in freezing of mill water and
disturbances of the operations of the
cyanide tank, and for about 10 days the
mill vas practically at a standstill, bat
the mine was not closed, by any means.
The output of the mill for December
was about $4,000, or approximately
$1,000 per day for the time run. The
month of October yielded between 81,
900 and 5000. November increased
that yield by 25 per cent, producing al
most $4,000. Now comes December
with a still further increase of over 20
cent over that of November or $1,000
daily. With the area of available ore
constantly extending, the promise for
the future is great.
Pittsburg.- While there is a good
chance of making a mine of the prop
erty eventually, it cannot be done in
90 or so days, as you suggest. 1t is our
opinion that the stock is too high at
so cents.
Z. s., Harrisburg, Pa.-The Old
halntuck is not working at present, no
work having been done on the proper
ty since last fall. (2) Address Manhat-
tan Merger Mines Co. to postmaster at
Manhattan with request that it be for
warded if not called for.
G. M. w., Wheatland, Calif.-The of
heers of the Dexter Wonder, according
to our last report, were: A. j.. Griffith,
president; w. III. Mccartney, vice-pres-
ldent; t. j. Powers, treasurer; j. A.
Watts, secretary. Address, Wonder. ~
we have no data on the Cloverdale Min
Co.