The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-07-04
GOLDF|ELD To GET
PRODUCTION RECORD
Sixteen Million Dollars Is Esti-
mate of Output in Cur
rent Year.
to The Tribune.

| Special to The Tribune.
| ,GOLDFIELD, New, July "a con-
servative estimate places the production
Of the Goldfield district for the year 1910
at above sic, 1000, 900. During the first six
months. ending June So the production
has been approximately $7.lo0, 900, and oi
| this amount the sum OF $5.4+3 CAT consh-
tutes the dividends that have been de-
clared. with 1864 .OeS already paid to
stockholders. and the balance of S1.7I9.-
$40, being the third consecutive dividend
OF so cents share to be paid by the Con J.
| Soldated Mines company, TO be DIS
| tributed on July 81. This is nigh rec
| ord In point Of profits for any mining
| company and by far the greater part
was paid by one mining company, the
| Consolidated.
The prediction that the balance OF 'ne
year will witness Il material increase In
production over the first six months rs
based upon number OF contributing rae
| tors. The Consolidated has been operat-
ing AT greatly reduced mill capaclty tor
three months past and will soon be en-
abled to treat a larger tonnage or ore
than ever before. The Florence Goldheid
has been treating considerable tonnage
OF low-grade material and is nearing the
point where il Will make much larger
net production The Combination Frac-
year and has just resumed EXTENSIVE
milling operations and profit earning. the
long term leases on the Gold Bar claim
of the c.. o. d Consolidated will soon be-
gin the erection OF a hfty-ton reduction
plant to treat their large tonnage OF eN-
cellent milling ore, the Victor workings
OF the c. o. D. company are being pre-
pared for regular production. and mum
ber OF leasing projects are assured OF
success. as they are developing proved
ore bodies or sinking to great depth Tor
the same,
The 100 stamp mill OF the Consolidated
company will again be operating at Its
full capacity OF at least $50 tons daily
within very few days. The giant belt
conveyor, with a carrying capacity Of
1000 tons daily. has been installed and is
working smoothly, replacing tho. one dam
aged by the fire OF early April, and the
temporary inclined tramWay used In place
OF the big belt is being torn down The
company has discontinued making ship
ments to the smelters OF hish-grade ore
upon the eighty stamps that have been
dropping during most of June.
The listing OF the stock Of the Goldfeld
Consolidated upon the New York Stock
Exchange will involve n large amount OF
work for the company's office force. Re-
ports that the company VIII call in Its
cording TO a. II. Howe. secretary and
treasurer OF the company, who has just
returned from New York. where he went
In the interest OF, this step. all certih-
Gates traded in or the big board Will be
required to be In denominations Of not
over 100 shares each. A different form
of certiiictes will be issued. as a slight
change in the wording Of the assignment
form on the back Is required. beside
which .he big board supulates that all
certificates be engraved. and those now
graved and partly autographed. New Ger
ttieates Will be issued upon demand or
whenever the old ones are rendered for
transfer This process may proceed grad
ually and need not delay the act Of list
Ing by the exchange; The office Is al
ready at work preparing dividend checks.
over 5000 In number; which viii be mailed
in time to reach all stockholders by the
last day OF the month. For this work
every known device for the saving of la
Dor Is employed. including folders, ad
sealing devices, all driven By electricity,
and a machine which enables the secre-
tary to sign a number OF checks by SIM
ply writing one signature,
dated has been sunk TO the 600-foot level,
where station has been cut and tim
bered and from which point the Red Top
vein Will be developed II is probable
that this shaft will take rank with the
Red Top and others OF the main outlets
in point OF production. as the ore bodies
exposed on this, level in. the northwest
Clermont laterals are OF large proper
tions and excellent quality, rlvaling some
OF the best oil the entire property. Pay
ore has been exposed on the levels OF the
Red Top. including and above the 800
foot point. almost continuously north and
south for a distance OF 5000 feet. and the
product OF this vein has been the most
uniform In value OF any sent to the big
mill. Owing TO the fiat dip of the vein
at depth large area can be readily
developed in ore from the 600-foot sta
tlon.
The ore body recently exposed midway
between the Mohawk and Red Top shafts
ana near the Gold Wedge fraction is OPEN
Ing up IN excellent shape on the 450-
foot level from the Mohawk. and this ore
shoot. owing to its dip to the east, will
be easily accessible on the 900, $50 and
9Oo-foot levels from the Clermont work.
ings The Mohawk continues its large
output. and the management has been
very successful in recovering a large
tonnage of ore OF unusually good grade
from about the caved slopes and drifts
OF the old bonanza leases. including the
territory OF the Hayes Monnette and
Frances Mohawk The Combination is
new discoveries OF Importance have been
made as a result Of late development ON
the upper levels Of this mine which con-
tatns large area Of unexplored terri
tory.