The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1914-10-03

MINING company declares
it's usual quarterly dividend of 20
cents a share, payable on october
21st, being the 37th dividend paid
and making total dividends disburs-
ed amount to $12,100,0O0 The
company shipped out this week 80
bars of bullion valued at $4,000,
and 81 tons of concentrates, valued
at $4,000, making a total of $46,-
900, the cleanup of the mill for the
week ending September 10Th.
Tonopah Belmont still drifting
east and west on excellent grade ore
in the new vein on the 900-foot level
of the Desert Queen workings. A
body of good ore, A feet wide, opened
up in the Lille Bell vein above the
~1OOO-foot level. The company ship
ped out this week SO bars of bullion,
weighing 126,47S ounces, valued at
$92,350, and as tons of concen-
trates, the cleanup of the mill for
the first half of the month of Sep
TENDER.
Tonopah Extension profits for Au-
gust ~$73,527.71. The Egyptian
vein in the old workings now proved
for a length of 200 feet from s to II
feet wide of very rich ore. The
workings on four levels of the Muir
ray vein again opening up good ore
in the west drift.
Jim Butler company opens up Z
feet Of good ore in the South vein
on the 7O0-foot level of the Desert
Queen workings. Drifting on a shoot
of rich ore in the eastern extension
of the MacNamara vein on the
seventh level of the Wandering Boy
workings. The company has COM
menced the retimbering and enlarge
ment of the Wandering Boy shaft.
Mizpah Extension still sinking on
streaks of very rich ore from the
1160-foot level.
Tonopah Merger opera
lions from the bottom of the winze
sunk from the 117O-foot level.
Rescue commences drifting east
and west on a vein 5 feet wide from
the bottom of the winze sunk from
the SO0-foot level.
North Star company expects to re-
sumo milling operations during the
coming week.
Montana TOnopah shipped out this
week 10 bars of bullion, weighing
1902 pounds, the cleanup of the mill
for the first half of the month OF
September.
nlno ,.,,ol ox,olDnr,nn yunrk in
progress at the Monarch Pittsburg,
Umatilla, Gypsy Queen, Buckeye-Bel-
mont, West End and Halifax prop
critics.
TOnopah Elk.
The Tonopah Extension Mining
company earned net profits in Au-
gust of ~$73,527.71 from the milling
of 5000 ions of ore which carried
average milling values of $21.S0 a
ton.
The gross receipts for August
amounted to $122,937.32 and ex-
penses were $49,4O9.61, but the for
mer figures were only estimated and
final settlement for silver show a
few hundred dollars in excess of that
figure.
AS compared with the previous
months earnings the profits show a
remarkable increase as will be seen
by the figures below of the profits
earned in the following months:
May ,O9O.12
June ~2S,526.12
July 51,119.79
August 73,527.71
The profits for August were
s2777 in excess of the amount re-
quired to pay the last dividend de-
clared payable on October LIST, but
it is probable hal August results
will be exceeded in September, as
the mill is now treating a large ton
mage of ore, of which $50 tons are
being mined daily from the Murray
vein where the average grade is
higher than in the old mine.
The suit instituted against this
company last Saturday by the Tono-
pah Mining company will not affect
the production or future develop
ment of the mine as it only involves
a length of about 1875 feet of the
vein between the extreme western
workings from the old shaft and the
present workings on the Murray
vein. Work on the section in dis
pute was discontinued several weeks
ago.
The mine continues to develop in
a highly satisfactory manner in the
workings from both the old and new
shafts.
TonOpah Mining Co.
At the meeting of the board of di-
rectors of the Tonopah Mining COM
pan Of Nevada. held in Philadel-
phia on the oath inst, a regular
quarterly dividend of rs per eel
was declared payable October 21st