The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-10-09
NEVADA HILLS MILL
GRINDING ON ORES
Initial Run at Fairview Is Re-
ported to Be Up to
Expectations.
.ncial America.
Special To The Tribune.

FATRTIEW, New, Oct. s-!ifter
eight months OF strenuous work the large
and expensive mill OF the Nevada Hills
Consolidated Mining company is in a po-
sition 10 grind the big ore reserves which
have been gradually growing larger un-
der persistent development work This
mill cost about $3.50. .ooo. being modelled
after the great Goldfield Consolidated
mill. the building being huiit Of concrete
and steel. asbestos lined. the machinery
embracing twenty stamps and all The
latest improN ements pertaining TO ,he
science OF extracting GOLD and silver from
the ore. The trial run is now on and
it is reported that everything is running
SMOOTH, sane y, The present capacity is l20
l50 tons daily by the addition OF a
Chilean mill later on. In the mine every
thins is going ahead with a rush. the
the length and depth OF The great orc
body, II being the third largest In the
state OF Nevada. Work on the 5I0-foot
levei shows the vein 10 be strong as
10 the high average maintained In other
parts of the mine.
Regarding the drastic depreciation
which has taken place within the last
siAty days in the price OF the shares
from S4;oii down TO $3.50, It may he
stated that the slump was not brought
about BY any condition in The mine. but
by outside influences. Those who bought
II from t5c 10 si,00 naturally were tax
Ing profits; then again eastern holders
who habitua1ly dabble In the 4 and Il
per cent railroads and lndustrsls will
Inevitably hurl the market 20 TO so
per cent dividend paying and prospective
dividend paving mining Issues In order
to protect" their Wall street halluclna-
heralded throughout the investing world
as tho rcsigns tion OF one OF the Off
cials and an alleged deficient water sup
3iy 33!y TO run the mil; II is true. General
bur IL was a friendly resignation he
having carried the burden of managing
the organization since It's inception, he
believing that a long needed -est would
prove beneficial at this time. on his
retirement he stated that the water sun
Ply s,a was ample for all purposes. and could
De readily increased should necessity de-
mand, r. \. Julian has taken the re-
sponsioillty OF general manager of the
company.
Now that the Nevada Hills consou-
paying goal. attention of mine operators
will he diverted 10 the smaller Fair
view companies, picking out the worthy
ones and starting operations thereon. Al
ready Eagles Nest and Hailstone are
being reorganized and others will soon
enter the fold, or all the meritorious
propositions. none stand so prominently
on the mining horizon as Golden Boulder.
Several strong veins Cross the property
and previous TO it's enforced shutdown.
caused by the money strIngency OF 1907.
a handsome showing was being made I'm
the company workings copsidera BILE high
grade shipping ore being In evidence.
A strong vein crosses the northern end
OF the claim, extending Into the Drom-
edary Hump on the east and into the
Lena and Cyclone groups on the west
The vein system OF the immediate vi
cinity seems to centralize on Golden
Boulder ground. and any attempt of q
consolidation of contiguous territory
would OF necessity embrace the Golden
Boulder. In fact It is the key TO the
situation. IL must be noted that there
has constantly been "A bid for the shares
at certain figure. and II IS reasonable
10 suppose that the insiders are ever alert
TO pick UP the small floating supply
of Golden Boulder stock. Immediately
upon the announcement of n resumption
Of activities on this property there will
be furry In the issue which will ad-
vance 1t several hundred per cent over
the present quotations. Golden Boulder
has the same substantial backing as
Ciodfield Consolidated and Nevada Hills
Consolidated, George Winsficld being its
president