The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1914-12-05
TONOPAh BELMONT CUTS DIVIDEND IN HALF:
DEVELOPMENT WORK IN SILVER CAMP MINES

Tonopah Belmont directors have
declared a dividend of 12h cents per
share, which is just half the regular
dividend. The reduction is caused
by the fact that the Belmont has sold
no silver for months. holding at this
time 1,250,000 ounces until a fair
price can be secured.
Tonopah Extension profits for Oc-
tober were $49,442. GA decrease
of $13,223 owe those for September,
caused by decrease in tonnage owing
to mill repairs and additions. Mill
additions are nearly completed and
soon tonnage and profits will be ma
terially added to.
Midway directors have plan for
reorganization of company to be sub
jected to stockholders annual meet
ing in January.
Cash Boy directors and principal
stockholders have agreed on reor-
.ganization plan putting stock on as
sessable basis, which will be sub
mitted to special meeting Of stock
holders December 10.
Montana Tonopah has cut Is feet
of quartz in crosscut at 565-foot
level, FIVE feet of which is good ore.
A drift is being run to the west on
this new ore body.
Halifax is preparing to retimber
shaft from the 400 to the 700 level,
using Oregon white cedar, a wood
that resists the effect of heat and
moisture.
Jim Butler shows very decided i'm
provement in developments at the
700 level of the Desert Queen shaft.
Wandering Boy shaft improvements
nearly completed.
West End encounters new body of
ore on 500 level. The other new
ore bodies recently encountered are
holding their own.
Tonopah East End has built power
line a distance of a mile to their
shaft house and now Il by electric
ity. Showing in bottom of shaft Is
very encouraging.
Monarch Pittsburg driving S
cut at the $50 level. which is in
West End rhyolite.
Tonopah Merger development OF
vein on 1880 level shows no change.
Mizpah Extension is now stopping
from the level off the 55-foot point
in the winze. Vein is narrow, but
the grade of ore is quite good.
North Star is producing at the
rate of 100 tons weekly, which Is
treated in the West End mill.
Umatilla crosscut from raise on
the 12O0-foot level made 81 feet
during week with no change in for
nation.
Rescue-Eula development continues
without noticeable change. SHAFT
will be sunk an additional zoo feet
shortly.
Buckeye-Belmont has cut through
the big ledge on the 1900 level and
is now in trachyte.
Tonopah Victor installing pump
and bailing.
Gypsy Queen crosscut shows no
change in formation.
Tonopah Elk.
The Tonopah Extension Mining
company earned net profits in Octo-
Der of $~49,442.62 from the milling
of 1888 tons of ore.
The gross receipts for October
amounted to $104.426.13. and ex'
penses were $54,sS3.51.
The profits for october show a de-
crease of 1929 over those for Sep
TENDER, being $62,665 in that month.
This can be largely accounted Tor
by the fact that the additions and
repairs on the mill interfered with
it's operations to the extent that
there were 864 less tons OF ore
treated in October than e put
through the mill in September. TINS
interference will be done away with
within a few days and the produc-
ton will be in the neighborhood OF
1900 tons monthly.
The profits Of the Extension for
the past six months were as low
Nav .-...$19,09 O.l2
~. 28,526.12
1ulv ~51,119.79
Ausust 73,527.71
contomher 62,665.S6
ontoher 49,442.62
The mine continues to develop IN
the most satisfactory manner, the
ore bodies maintaining both the ex-
traordinary width and high values
that have been characteristic OF this
property for some time and which
are attracting unusual attention