The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1914-12-19

II uO"
clares regular quarterly dividend of
$25O,OOO. Board of directors issue
official denial of exaggerated and
misleading reports of Nicaragua
property under option. The com
pany has taken lease and option on
the property of the Mizpah Exten-
sion company.
This week the Tonopah Belmont
company shipped SO bars of bullion,
with weighed 17S,S51 ounces, and
the estimated value is in the neigh
borhood of $130,561. This is the
result of the cleanup for the first
half of the month.
Tonopah Extension company has
declared a regular dividend of 2h
cents per share, an extra dividend of
2k cents and a special dividend of
2k cents = making a total of TN
cents per share, with will be paid
on January 1, 1915, to stockholders
of record Dec. 10, 1914.
Montana-Tonopah company still
prosecuting development, with some
eHCOuTdSlHS SQOWlQSS.
Jim Butler companys' surface i'm
provements at Wandering Boy shaft
progressing satisfactorily. Develop
ment and production in the Desert
Queen shaft normal.
West End sent the usual produc-
ton to the mill. Mine is looking
very we'll, very good ore being open
ed up at a number of different
points.
Mizpah Extension stopping on a
narrow body of good ore. Lease and
option which has been given tot he
Tonopah Mining company should re,
dound to the advantage of the Miz-
pah Extension.
MacNamara has levied an assess
ment of three cents per share. 1t is
hoped and expected that work will
be resumed soon.
Tonopah Cash Boy has been reer-
ganized on an assessment basis and
assessment of " cen per share lev
led. Work will be resumed with
three shifts on the 18th of the
month.
North Star cut new vein during
the week which shows IA to 16
inches of a very good grade of ore.
Rescue-Eula development pro-
ceeding with no particular change
to note.
Gypsy Queen has levied an assess
ment of 1 cents per share, delin-
quent January IL, 1915.
Tonopah Bonanza Mining compny
resumes work on it's property in ex-
IRENE western section of camp.
MISUNDERSTANDING has started
new crosscut to north on S50-foot
level.
Tonopah East End getting very
much better looking rock in their
shaft, now down $50 feet.
Halifax is retimbering shaft from
800 to 700 level.
Umatilla has resumed work in the
north crosscut. Also commenced
drifting.
Buckeye-Belmont made it's usual
footage, with no material change.
TOnOpah Mining
At a meeting of the board of di-
rectors of the Tonopah Mining COM
pany of Nevada, held at the office OF
the company in Philadelphia, on the
99th instant, a regular quarterly
dividend of 25 cents was declared.
This dividend is payable on Janu-
ary 81, 1915, to stockholders of rec
ord at 3 p. m. Dec. 81. Transfer
books will be closed at 3 p. m. De-
cember 81, 1914, and will reopen at
10 a. m. January s, 1915.
This is the 3Sth dividend of the
Tonopah Mining company, and when
it is paid it will make a total of
S12,35O,OOO that the company has
returned to it's stockholders in divi-
dends. These disbursements have
continued over a period of ten years
and there are few mining or other
corporations that can show so good
a record.
While the Tonopah Mining com
pany now owns the control OF sew
eral subsidiary companies hat are
or will become profitable, yet, with
the exception of the Tonopah &
Goldfeld railroad, these subsidiary
companies are of recent acquisition
and have not contributed as yet to
the payment of dividends. The
magnificent sun of $~12,35O,OOO
which has been paid in dividends
came almost entirely from profits
of the company's Tonopah mines.
That the Tonopah Mining COM
pany is still in the market for other
mining properties is proved by the
fact that they have just taken a
lease on the Mizpah Extension mine,
with the option to purchase within
two years.
TonOpah Extension
In the face of the unusual and
Ioroo ~ovnanditureS of the last few