The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1914-09-12

TOnopah Extension declares divi-
dend of tx cents a share, payable
Oct. 1. The development of tine
Murray vein continues to expose
large bodies of high grade milling
ore on three levels of the mine. The
Egyptian vein in the old workings
shows a width of nine feet of rich
ore. The company shipped out this
week "a bars of bullion, weighing
48,457 ounces of the estimated value
Of $4,000, making the gross pro-
duction for the month of August in
excess of $4,000.
Tonopah Belmont 'ompany de-
clares the usual quarterly dividend
of $4,000, payable Oct. 1. The
new ore body on the 900 level of the
Desert Queen workings proved to
be nine feet wide, carrying excellent
values, and drifting east and west
on this has now been started. The
mine is showing great Improvement
throughout in both the eastern and
western workings.
Tonopah Mining company opens
up large body of quartz in the $40
foot level of the Silver Top mine.
Company shipped out this week 35
bars Of bullion valued at $4,000.
Jim Butler company opens up
shoot of excellent grade ore in the
eastern extension of the MacNamara
vein. The company shipped out
1850 tons of ore to the old Belmont
mill this week.
Montana Tonopah commences de-
velopment work and stopping Of ore
in the old Midway workings. The
shipped out this week IL
bars of bullion weighing 779k
pounds and 20 tons of concentrates,
the cleanup of the mill for the last
half of August.
West End Consolidated company
shipped out this week 80 bars of bull
lion weighing 34,S02 ounces, valued
at $2S,25O, the cleanup of the mill
for the last portion of August.
Rescue Eula still prosecuting
south on the 500 level and sinking
a winze on five feet of low grade ore
from tnlS UepIn.
Tonopah Merger company will
probably resume sinking of the winze
from the ITO level next week.
Water in the Victor shaft now be-
ing lowered by balers having a ca
pacity of 248,OOO gallons a day.
Buckeye-Belmont drifting on large
body of quartz on the 1900 level.
Halifax commences prosecuting
from the 500 level to pick up the
upward extension of the ore on the
1000 level.
DEVELOPMENT work is still in prog
ress at the Mizpah Extension. Mon
arch Pittsburg, North Star. GYPSY
Queen, Umatilla and Tonopah East
End.
Belmont
At the regular monthly meeting or
the directors of the Tonopah BEL
mont Development company, held in
Philadelphia on Tuesday, Aug. 81,
the regular quarterly dividend OF 20
cents per share was declared, pay
able Oct. 1, 1914, to all stockholders
of record Sept. Is, on which date
the books close for transfer or the
stock. This is the twenty-th1rd d1vl-
dend paid by the company, and the
fifteenth consecutive dividend of 25
cents a share, and calls for the dls-
tribution of $375,00O among the
stockholders. Including this last
dividend the company will have paid
in dividends a total of $~6,S93,OO2 on
it's capital stock of ~$1,5OO,OOO. the
net profits earned by the company IN
the last three months were: May,
s152,411; June, $12O,S59; July
s1O2.316, making a total of $780,
6S6. The July profits were calcu-
lated on an estimated price OF 30
cents an ounce for silver, but ale
have since been made by the com
pany at $40 cents.
The new ore body encountered last
week on the 900 level of the Desert
Oueep workings of the Belmont has
now been proved to be fully nine
feet wide of splendid grade ore.
The vein dips at a very nat angle
to the north and in consequence OF
this the crosscut has exposed a
greater width of ore tina n above
but a conservative estimate OF It's
width. if the vein were standing ver-
ticaI. would be a little more than
nine feet, and as all of the ore ex-
posed in the crosscut is very high
grade. it is regarded a most import
ant development in this section OF
the property.
Drifting east east and west on the
vein was started this week, the face
of the west drift continuing to show
a full face of very rich ore. and an
east drift also shows a face of very
excellent grade ore, although not
quite so rich as in the west drift. II