The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1914-03-21
BELMONT SP[ENDIDLY MAINTAINING ITS STELLAR
POSITION AMONG MINES OF TONOPAH DISTRICT

49,
opment company closed OF February
2S, the following report showing the
net earnings from the operation of
the mine for hat period will be of
interest:
Profits, 1919-March, $15O,254;
April, $161,449; May, $1S1,2S1;
June, $1S2,971; July, 1868;
August, s1S4,993; September, $751;
905, October, $1S7,332; November,
$161,3S7; December, $171,S66.
Profits, 1914-January, $15O,2SS;
February, $154,304. Total, $2,044,-
633.
Out of these earnings the company
has distributed the sum of $780,
900 in dividends. The above are the
largest profit ever earned by a Tono-
pah mining company from mine oper-
ations.
The fiscal year ending February
2S, 1912, was the most prosperous
the Tonopah Mining company v
experienced. In that period gross
earnings amounted to $2,015, 664, but
these included the sum of $56,363
derived from various sources, the
net profits from actual mine opera
tions having amounted to 1894
257, out of which, dividends amount
ing to $1,600,00 were paia.
1t is reported that the conference
held this week between the directors
of the Jim Butler and West End conf
nonioc hoe rac,I1fnl in tho cuhn,ic-
sion of a plan for settlement of the
dispute by the West End directors,
which will be considered by the direc-
tors of the Jim Butler.
In the meantime both companies
agree not to mine ore in the dis
puted territory.
The widely circulated rumor that
S. S. Brady had been superseded in
the management of the West End
mine is emphatically denied by the
directors of the company.
The Tonopah Mining company now
drifting on vein of low-grade quartz
on the 700-foot level of the Sand
Grass claim. Shipped out this week
% bars of bullion and As tons of
concentrates of the total gross value
of $4,000.
Tonopah Belmont profits for Feb
ruary $154,304, from the milling of
1884 tons. The Western vein en-
countered on the 18th level, showing
one foot of very rich ore. The east
ern extension of the Middle vein en-
countered on the 18th level. The
north crosscut on the 18th level now
cutting stringers in footwall of the
Belmont vein.
Jim Butler profits for February
$12,954 from the milling of 1888
tons. The south crosscut on the 600
foot level of the Desert Queen shaft
encounters a new vein, 3 feet wide,
of mill ore, in the Stone Cabin claim.
Sinking of Wine from the 7O0-foOt
level on the West End-MacNamara
vein has been commenced.
Tonopah Extension east winze on
the Murray vein from the 95O-foot
level now 95 feet deep, in excellent
ore. The new incline shaft from this
level now breaking into good ore
below fault.
West End Consolidated now sink
ing main shaft to 1O0O-foot level,
and the mill of 80 stamps being
operated to full capacity.
Montana-Tonopah developing very
good ore on the 465-foot level and
encounters two new veins of low
grade ore on the 69S-foot level.
Halifax east drift on the 1900
foot level continues to show a large
body of good grade ore.
MacNamara raise on the Lower
Contact vein above the 50O-foot level
shows a width of 3 feet of $40 pre-.
Mill ore is being developed on the
625-foot level and On the 7OO-foot
level.
North Star mine sent 200 tons to
the MacNamara mill.
Rescue north crosscut on the 500
foot level continues in very prom
Using trachyte formation.
Great Western shaft passes
through cap-rock at a depth of 1897
feet.
Tonopah Merger winze now being
sunk in mill ore.
Mizpah Extension north crosscut
and east and west drifts on the
1166-foOt level continue to cut string
ers of promising quartz.
Midway a drift on the 1900
foot level showing more encouraging
values. Drifting on a body of good
ore On the 635-foot level of the old
workings is still in progress.
Monarch Pittsburg drifting on the
IO75-foot level on a big quartz vein
showing stringers of low-grade ore.
TOnopah production this week TO-
272 tons, of the estimated gross
milling value of $253,115.
Belmont