The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1915-06-05

Tonopah Belmont directors have
declared a regular quarterly divi-
dend of 12k cents per share. pay
able July 1. When this is paid it
will make a total of $~7,455,560
which the company has returned to
its stockholders.
Tonopah Mining cut the down.
ward extension of the Burro vein on
the 340-foot level of the Silver Top.
Also cut the West End vein in foot
wall crosscut west of shaft.
Tonopah Extension has best show
ing in mine on 1860 level the east
urift on the big veil showing a full
face of high grade ore, and the west
drift a full face of good one.
West End %outputting good to high
grade ore from three different
slopes on the fifth level. Weeks
output was S62 tons.
Jim Butler is maintaining regular
output. The stope in The Strip
is ten feet wide and eve feet of
good ore is being broken down in
stope No. 6. The raise from the
stope on the 700 level of the Wan
dering Boy shows our to five feet of
very good ore.
Tonopah Merger is increasing
output, 331 tons having been shipped
during the week. This could easily
he increased if transportation and
milling facilities could be secured.
Halifax made the usual progress on
IL 1nnn 1tnn orl 17OA 1nyo1c with
no change noted. Stopping continues
on the 1000 level.
Mizpah Extension drift on vein re-
Gently cut ON 1855 level for 20 feet
shows average width Of - inches
and values go from SIG to $40 per
ton.
Montana-Tonopah compaDy's COM
monwealth mine at Pearce, Ariz., has
opened up IL feet of ore that averag-
es SIS per ton on the eighth level.
North Star making usual progress
in development work. One carload
of good ore was shipped during the
week to the West End mill.
Rescue-Eula has two shifts push
ing work on the main south crosscut
on the $50 level and good develop
ments are looked for in a short time
from this work.
Midway leasers' first shipment of
SO tons Melted $1054-or better than
$40 per ton-after deducting all
charges for transportation and mill
ing.
Victor has water lowered in shaft
to point AZ feet above the 1910 level.
Pumps and bailer are raising 700, 900
gallons per day.
Cash Boy entered the list of pro-
ducing mines this week when it load
ed it's first car for shipment.
Monarch Pittsburg has started a
new east drift along the foot wall of
the vein on the $50 level.
Buckeye Belmont cut a quartz
ledge on the 1900 level during the
week. The ledge is four and a half
feet wide, and where cut the values
are low. Drifting on it will soon be
started.
Tonopah Bonanza has ordered a
more powerful motor for the pumps
as the water has been coming in
stronger of late.
Umatilla will probably not get
started on diamond drill operations
before June 10.
Gipsy Queen aking splendid prog
ress on the shaft and is o down
1875 feet.
Belmont
At a meeting of the directors of
the Tonopah Belmont Development
held at the company's Of
fees in Philadelphia on Wednesday,
Nav 26, the regular quarterly divl-
dent of 12k cents per share was de-
clared. Although the above was the
only inforation contained in the tele-
gram. it is supposed that the divi-
dend will be payable on July 1, 1915,
to stockholders of record June 15,
1915.
This is the oath quarterly divi-
dend of the Belmont company, and
when it is paid will make a grand to-
tai of ~$7,445,56O which has been re-
turned to the stockholders since the
was formed. AS soon as
silver returns to the normal price
which prevailed before the wal de-
stroyed the market. the Belmont COM
panv will doubtless resume the pay
ment of 25 cent regular quarterly
dividends.
The Tonopah Belmont Develop
ment last Saturday shipped
40 bars of bullion from the Tonopah
mill, which weighed 97,6l2 ounces
and worth in the neighborhood OF
6 800. At the same time 3S tons
of concentrates, valued at $4,000,
were also shipped from the local
plant. In addition to the above the
shipped from their plant at
Millers So bars of bullion, which
weighed 57,S15 ounces, and worth
.oinb horhnnd of SlO.hOO.