The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-11-22
THE TONoPAHS-

n which Sl95,265
owing to the large amount o development work now
way mine. the payroll for the
81 $1,000 than for previous month. Had
this increased expense the profits of
oner would have almost equalled the
company this Of earnings. the profit is equva-
lent $3.50 annually ana If maintained the dis
bursement of which inaugurated this
could made quarterly
During October, ,2S3 tons of ore were
niled, of 2,233 compared with the
September figures. The value per
FOR October. while s2OS7 in
September
Developments at The property continue quite satsac-
tory with important improvements in recent
the Shaft The showing the loo and
l,2OC levels this vein especially good. The Bel
continues o furnish very uniform grade Of
milling from the lOO level expected thar
with developments depth the leached matter will
tonnage of good ore.
very large amount of development work S n prog.
throughout the mine and pockets loading
being 1900
Tonopah Mining very satisfactory showing
October the earnings being larger than
other month during the pest year the
approximately forty quarterly. whereas only
twenty Eve cents is being paid
\ total l5,O43 average value %
$3.50 per mlled during the month October.
This is incrcas" in shipments of 1S93 tons,
values likewise showed ncrcdse amount
ing to twenty per This in gross
value the very pleasing the estimated
placed $1525 per TOM
the last annual report The increase as>comparod with
the month Of June is much for during that month
the values $149G per gross
The earnings sl3i1O0. while the profits
previous months operations $lI000o. In June. the
month when the values low the net earnings
$S9l27. The actual earnings past
months equivalent thrtysix quarterly ana
while regarding dividend viii be taken un-
I'll about the middle December possible
the last disbursement twenty-five
cents share viii be made, is for this
company increase its surplus for
81 100000 figure.
new high grade been developed the
Slopes being worked continue 10 furnish
very good grade Of milling
West End consoiidateds monthly report for October.
which has recently been made public, showed
profits siO10S. This milling 4455
equivalent a profit $500 per
The month Of October exception the
previous months in that about half mlcd
extracted entirely from development work
Tne profit per ton great in October
was in September during which month $lL45 per
made. This probably attributed ship
mcns development work.
for disbursement Of about $4,000 The payment
dividend treasury 70 any great ev.
tent for by the time the dividend is payable the
should have approximately $4,000 treasury. y
substantial treasury balance will undoubtedly
tanned in order to allow for financing the proposed mill
the Halifax property, although this should
with disbursement o a cents quarterly on
West End stock
Following the liquidation when the market
dawn low SIG, this issue has recently
around S1i H.
The Halifax company, which is controlled by West End
Consolidated hroug! ownership of 692sO shares is
ing good ground and shipments from this
property sufficient operating expenses.
from $4,000 to $1,000 monthly.
Much expected from development work the
Halifax in the Of the few weeks the 1ooo
100 Lace levels ali have openings SHOULD
encounter the veins a any lime
The milling problem at this property will likely he
taken in the future developments sui
nciently advanced to warrant the erection of Il mill
jim Butler for the month October miled l.6iG
which net profit of S61O9.2O. This shows
siderable decrease from profits during
tcmbeI, when total of $S5C6 the milling
of l,t2G tons 1t is anticipated that the November show
ing will be much better a higher grade of is
being the mill.
The annual report of this company which recently
issued, showed profits ending oct
ober of $locSO equivalent better
share This indicates past months earnings
were much below the average for the Jim Bucr
has min of its shipments being made the Bel
mont Milling Company
1t is quite likely company develop
bodies its ground which proximity the
Desert Queen shaft of tho Tonopoh Mining COMPANY