The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1910-09-17

1t is a good prospective property and
the producing area is moving in that
general direction. (2) The same might
be said of the Kewanas. The late de-
.velopment on the Spearhead has bear
ing on the Kewanas. (3) The Red Hills
and Combination Extension are not
working at present. (4) Both the Mer-
ger Mines and C. o. d. are working
under lease. These are good properties.
A mill will be built at the c. o. D.,
before long. We are informed that
the proposition has been financed. 1t
was reported that important eastern In
~terests were about to take over the
Merger Mines and, in fact, negotiations
were opened up, but the owners of the
control put such a high figure on the
majority stock that nothing further
was done. We do not understand that
all negotiations are off, however.
J.. L. p, Tacoma, Wash.-No divi-
dend has been paid by the GOldield
Alamo Mining and Leasing company
since April 20 this year.
J.. c., Benicia.-The Red Hills is a
well located property, south of che
Florence and has been worked. by leas-
ers at different times without disclos-
-. Awa Lpntrh uynrk wnG moi
done, however, to determine the value
of the property. No work is being
done on it at present. 1t has always
been a popular trading stock when che
stock market was active. The market
price of the stock is from 5 to 6 cents.
G.. B. s., Greenwoods, distributing
is being done on the Bullfrog West Elk
tension in the Bullfrog district nor on
the Old Kaintuck in the Goldfeld Sec
ton. These properties were being
financed by G. S. Johnson & Co., which
company has abandoned it's mining OPP
era!ions for the time, apparently, and
is operating in oil, with offices in the
l L HtldH OuilUlnS, a AaAtNhSSoy ON
T. J., Port Townsend. Neither the
Black Butte Bonanza nor the Black
Butte Extension is being worked at
present. They have not zone out of
existence, as you fear, but the stock is
non-active because the properties are
not being worked. When a general re-
vival comes in Goldfeld mining, you
will find these stocks again quoted.
G. K, Boston.-Strange as it may
seem to you, considering the low price
of the security, the Goldfeld Consoli-
dated Mines company is paying 30
cents per quarter dividends, or So per
year per share. The company started
paying 80 cents quarterly, but for the
past four quarters, has paid a Eek
ira" of 20 cents, making 80 cents per
quarter in all, which makes a total
quarterly disbursement of about ST.
100000. The company always keeps
one dividend, approximately, ahead in
cash and can extract two dividends per
quarter if pushed to it. The mine is a
high grade gold producer and has years
of ore blocked out in advance. The
reason for the lew price of the stock
is, doubtless, the prevailing prejudice
against gold mining investments. The
people nave been bit by so many fake
mining schemes that they put them
all Town as fakes, and will not ~investi-
gate a mining proposition, however,
meritorious. You say if Goldfield has
such a mine the town ought to have
$4,000 people. You do not understand
gold mining conditions. Goldfeld min
ing propositions are high grade, and
it requires fewer men to extract the
grade mine than from a low grade. So
much tonnage does not have to be
andled. The Consolidated operates
several mines on its estate, owns and
operates a short railroad from mines to
mill, and also has a mill that treats
about 900 tons per day; and yet, so
easily handled is the entire PROPOSE
tion that only about 700 men all told
are on the payroll. The company OPP
crates at a profit Of from IS to IS per
cent. 1t would pay you to look into
the merits of gold mining stocks. If
you are a recent buyer of Consolidated
and the stock is in your own name, you
will receive statements quarterly from
the company.
G. e. g., Alfred, N. Y.-Write to L.
E. G~oodberlet, secretary, Los Angeles,
CAL, and send you stock along with the
name of the party to whom it is to be
transferred. Send 25 cents for trans.