The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1914-06-06

4 pldut Cdh Dc opCIdtCu III q ShAdAACA
force, it is probable that the new
plant will show even better results
than this at the end of the next A.
~nancial year.
1t has now been definitely ascer-
tanned that the new vein encountered
on the 500-foot level Of the Red
Plume workings in the southwest
part of the company's property is the
upward extension of what is known
as the West End vein on the 500
foot level of this section OF the mine.
Tonopah Elk.
The New York correspondent OF
the Tonopah Miner telegraphed on
Thursday that the annual financial
report of the Tonopah Extension
company presented at the annual
meeting of stockholders held that
day showed that the profits for the
year ending March 81, 1914, amount
ed to $S2,126, and the company's
liquid current assets we're $209,177,
the total surplus on hand amounting
to $353,821.
The special dividend of 2k cents
a share was declared to make up the
dividend passed in April last, aud
the company has therefore resumed
the payment of its quarterly divi-
dends of 5 cents per share, although
it is fully expected that owing to the
excellent condition of the mine and
the strong financial position Of the
company, that these dividends will
be increased with the quarter COM
mencing October list.
At the meeting of the stockholders
John G. Kirchen stated most EN-.
phatically that the story in circula-
ton that a consolidation of the To-
nopah Extension, Merger and Victor
companies was in contemplation was
absolutely untrue, and added that
the directors had never even discuss
ed such a proposition.
West End
The West End Consolidated com.
pany earned net profits in the month
of April of $43.336 from the milling
of $3.50 tons of ore, equivalent to a
net profit Of 1888.
1t is stated by the management
that in the ordinary course of events
these figures would have been in
creased by $1,000, approximately
that amount having been expended
in dead work" in the property in
connection with the apex suit now
pending with the Jim Butler com.
pany.
Development work in the mine Is
being continued on and above the
500 and also on the 1000-fOot Level.
In the extreme western workings
on the 500-foot level, the western ex
tension of a faulted ore shoot was
picked up this week on the sos cross
cut.
On the 10OO-foot level, prosecuting
to the lower contact weir = in prog
css and it is expected This will be
encountered in about a week.
The cleanup of the mill for the
second ten days run of May resulted
in the shipment this week of 23 bars
CT bullion weighing 35,843 ounces.
OF the estimated value of $25 $500.
Merger
Ore shipments from the Tonopah
Merger mine are now being increas-
ed, the output this week having
amounted to SO toni daily, which Will
gradually be increased as Slopes are
opened up on the new ore shoot Ill
the extreme western workings of the
property.
Cutting out for another stope is
now in progress on the 1170-foot lev
ell west of the two slopes already
opened up. and the ore body in this
last stope shows a width of over 8
feet of excellent shipping grade.
The west drift on this level is still
being extended on a body of good
grade shipping ore from 6 to 8 feet
wide, the vein having resumed it's
normal course after turning to the
south last week.
The drift on the east ore shoot en-
countered a fault during the week,
and prosecuting north has now been
commenced to pick up the faulted
segment of the vein.
The big station pump on the ITO
foot level is now being removed and
will be installed in the Victor shaft,
and as soon as pumping commences
in this property it is expected that
the workings below the 1170-fOot
level of the Merger will be drained
of water and sinking Of the winze
will then be resumed, there being
every indication that the vein will
chow greatly improved values at
greater depth.
I Montana
What may possibly prove to be a
very important development was
made in the Montana Tonopah mine
this week in the north crosscut from
the bottom of the winze, 100 feet be-
low the 765-foot level, the lowest
level of the shaft.