The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1914-11-07

company " nv QudI z Chulh6
August 81, 1914. This statement
accompanied checks for dividend No.
81 for 25 cents a share, paid on
Oct. 81, 1914. AS shown by the
statement, the company has available
quick assets amounting to $780,
194.45, after payment of the regular
dividend referred to above.
The Tonopah Placers company,
1925 per cent of which is owned by
the Tonopah Mining company of Ne
vada, had net earnings per quarter
ending Aug. 81, 1914, of $145,-
O96.35.
The most striking feature of the
development at the Tonopah Min
ing company is the increase of new
ground broken that has taken place
for several weeks. The past week
the total footage was 461 feet, which
is 50 feet more than vas broken
the week before. This increase was
principally in the Red Plume and
Sand Grass, the Silver Top not be-
ing quite up to the previous week.
Very little work is going on in the
Mizpah, the new ground broken be-
ing but eleven feet.
At the 500 level of the Red Plume
the stope on the West End vein
shows a ore body, but the
values have increased sufficiently to
make up the difference.
Otherwise there is very little
L. - " A. 10
ing report. which is plenty satisfac-
tory to those especially interested.
Jim Butler
Sensational news features are
very much lacking in the report
from the Jim Butler mine. In ad-
dition to the interference with de-
velopments at the Wandering Boy,
caused by the retimbering of the
shaft, which has been in progress for
several weeks, there has been a
delay in the new developments that
we're planned to be started this week,
mention of which was made in our
last issue.
The concrete foundation for the
new site of the Catholic church and
parsonage are still unfinished, con-
sequently the moving of the build
ings has been delayed, which in turn
delays the Encouragement of the sur
face plant at the Wandering Boy
shaft.
The retimbering of the Wandering
Boy shaft has now been completed
down to the third level, which is in
the neighborhOod of 800 feet in
depth from the collar of the shaft.
1t is the present intention to con-
tinue the retimbering of this shaft
to a depth of 621 feet.
North Star
Development work has been going
on during the week in the North
Star much as usual with no import
ant changes to note.
The 1O5O-foot north crosscut has
entered the Pyramid claim, is still
in trachyte and will continue to
crOsscut this ground.
The north drift east of the Miz-
pah fault on the 1130-foot level
made the usual progress and remains
still in trachyte. There was no
change during the week.
On the 1900 intermediate level
drifting is still under way on the
Macdonald vein, conditions here be-
ing the same rs reported last week.
The raise from the south crOsscut on
this level, to cut the downward eX-
tension of the footwall vein, is just
encountering the footwall quartz
stringers and should be in the vein
proper in one or two rounds. Stop
ing continues in the fOotwall vein,
principally between the 1870 and
1850 levels, where a good grade of
milling ore is being broken. Three
lots, totaling 152 tons, were sent to
the West End mill during the week
for treatment.
Montana
The reports which come from the
Commonwealth mine in Arizona,
which is owned by the Montana-1'o-
nopah Mines company, continue to
be very encouraging.
While the property was acquired
on the strength of the low grade ore
showing at the time the mine was
bought, the developments prove that
the ore bodies are holding out as ad-
ditional depth is gained and the pos
sibilties, if not probabilities, of I'M
covering some of the high grade
shoots which made the mine famous
long before it was acquired by the
Montana-Tonopah Mines company,
and which yielded millions to the
former wner
MiZpah Extension
Development at the Mizpah Ex-
tension still centers on the Wine
which is being sunk from the 1850
level.
This winze is now down SO feet