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

share, or $4,000, payable July LIST,
making total dividends paid of So
51S,002. The company is o COM
mencing vigorous development on
the 18th level of the mine.
Tonopah Extension declares its
tenth dividend, amounting to TN
cents, or $7O,750, payable on July 1.
The annual report presented at the
meeting CT stockholders on the 2Sth
inst, shows a surplus of $353,S21 in
the treasury on the 31st of March,
1914.
Tonopah Mining Company shipped
out So bars of bullion valued at $685.
600, a considerable increase over
previous weekly shipments. The
company's mill in it's altered form is
now making a recovery of 90 per
cent of the assay value of the ore.
West End Consolidated profits for
the month of April were $43,336
from the milling of $3.50 tons Of ore.
The. company shipped out this week
90 bars of bullion, weighing 35,S43
ounces, of the estimated value of
$25, 300, the cleanup of the mill for
the second ten days run in the
month of May.
Montana-Tonopah encounters big
quartz vein in north crosscut from
the winze sunk from the bottom lev
ell of the mine. The company shipped
out IS bars of bullion, weighing 1912
pounds, valued at $4,000, the clean
up of the mill for the first half OF
the month of May.
Tonopah Merger increased ore
shipments, now amounting to SO
tons daily, which will be gradually
increased. The west drift still being
extended on a full face of good ship
ping ore.
Jim Buffers ore production for
May will exceed all previous records.
The mine continues to show great
improvement in the Desert Queen
workings. The Fraction vein en-
countered in a raise from the eighth
level of the Wandering Boy shoft.
Buckeye-Belmont will now sink a
winze from the 1200-foot level on
stringers of ore carrying promising
values in trachyte formation.
North Star workings still show
good mill ore in the Mizpah Fault
and Footwall veins.
Rescue-Euela raising on vein on
the 8OO-fot level on good ore and
prosecuting from the face of the
east drift to pick up the extension
of the vein beyond the fault.
Monarch Pittsburg drifting on vein
on 11OO-foot level carrying col
aging values and prosecuting on this
level to a parallel vein.
Tonopah Victor cutting pump sta
ton on the east side Of the shaft on
the 148O-foot level.
Mizpah Extension drifting on small
stringer of rich ore on the 116O-foot
level and resuming prosecuting on
the 14OO-foot level.
Tonopah production this week H.
SOS tons of the gross milling value
of $297,370.
Belmont
At the regular monthly meeting OF
the directors of the Tonopah Bel
mont Development company, held in
Philadelphia on Tuesday, the 26th
inst, the regular quarterly dividend
of 25 cents per share was declared,
payable July 1, 1914, to all stock
holders Of record June Is, 1914. on
which date the books close for trans
fer of stock. This is the twenty-first
dividend paid by the company and
the fourteenth consecutive dividend
of 25 cents a share, and calls for the
distribution of $4,000 among the
stockholders. Including this last
dividend the company will have paid
in dividends a total of $~6.518,0O2 on
it's capital of $1,500,000 The past
previous dividend was extra dividend
No. 2, paid on May 1, amounting to
$4,000. The net profits earned
by the company in the last three
months we're: February, $154,3O4;
March, $153,611; April, $150.494,
making a total of $45S.4O9. and leav-
ing a surplus of $83,4O9 over regular
dividend requirements of $4,000
a quarter.
Active development work will be
started on the 18th level of the Bel
mont mine. raise No. 1 from the
east drift on the vein on this level
having holed through to the level
above on a full face of mill ore, thus
giving air to the lowest level and
making better working conditions.
The northwest crosscut will now be
started from the shaft station and a
second raise has been started on the
vein under the Belmont fault to the
ore. This raise will also be carried
up to the 14th level.
Tonopah Mining Co.
The Desert mill of the Tonopah
Mining company at Millers is now
saving a very much higher percent
age of the assay values of the ore
since it was changed to an all-slim-