The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1915-02-27

pah mines was 10,1S1 tons of the
estimated value of $207,41S.
Tonopah Belmont company has
declared dividend of 12h cents per
share, payable April 1 to stockhold-
ers of record on March 10. The net
profits of the Belmont company for
the month of January were $115,-
159.
Tonopah Mining company net prof.
Its for the month of January were
$56,S75. There were 1850 tons Of
ore shipped during the month and
the average value was $14 per ton.
Tonopah Extension now stopping on
ore body IA feet, carrying very good
values, on the Egyptian vein above
the 400 level. There has been a
great improvement in width and val
ues during the week.
West End encountered the vein in
raise 522 and the values are very
good. Raise is being widened out
for a stope with the hanging wall
not yet reached.
Tonopah Merger is stopping and
shipping from three different levels
in the mine. The grade of the ore
is good and $50 tons were shipped
during the week.
Jim Butler company's report for
January shows that the net profits
for the month were $1S,033 as
against $13,339 for the preceding
month of December.
Midway company has resumed &C
tive mining operations and two shifts
are now engaged in sinking the shaft
from the 1900 level.
North Star shows improvement in
the prospecting Wine being sunk on
the Macdonald vein. 1t now shows
two feet of good ore.
Rescue Eula cutting stringers OF
quartz in the south crosscut on the
500 level, also preparing to crosscut
at the $50 level.
Halifax has completed r~etimbering
of the shaft and will active
mining operations in a few days.
Tonopah Victor has ordered an
other pump which is expected to ar
rive in a week or ten days. Water
is now down 81 feet below the 1900
level.
Monarch Pittsburgh is still cross
cutting the big ledge cut on the $50
level and has not yet reached the
footwall.. Values are getting bet
ter.
Montana Tonopah shows no ma
terial change as the result of the
weeks development.
Mizpah Extension prosecuting to
the east and north on the 1855 level
both crosscuts being in trachyte.
Cash Boy shaft has come into West
End rhyolite showing quartz string
ers, at a depth of 1850 feet.
Umatilla Tonopah east drift ad-
vanced 23 feet in quartz and north
crosscut II feet in andesite.
Tonopah East End progress in
sinking shaft is slow on account OF
water which, however, is looked up
on as an encouraging sign.
Buckeye Belmont prosecuting
work work in four drifts, making
about 20 feet advanced in each
drift weekly.
Gipsy Queen north crosscut on
the 1925 level was advanced thirty
feet during the week with no change.
Belmont
At a meeting of the directors OF
the Tonopah Belmont Development
held at the company's Of
flee Tuesday a dividend of 12k
cents per share was declared payable
on April 1, 1915. to stockholders OF
record on March Is. This Is the
tw~enty-third quarterly dividend OF
the Belmont company but is only one
half of the regular dividend wh1cn
had been paid for some time pre-
yious to the depression in the price
of silver caused by the European
war AS the Belmont company has
been storing most of its silver pro-
duct rather than sell at the low
nrico ~obtainable, the directors DEEM
cd If wise to cut the last dividend
n.;d and this one which will be paid
Anril l to 1871 cents per share IN
stead of 25 cents per snare whi0n
was the usual amount of the regu-
lar quarterly dividend.
Tn addition to the 23 regular
quarterly dividends the m mas
Maid two extra dividends maHlcS y
tota, OF s7,OS0,506 which have been
.,,i1 n it's stockholders up to J'H'
na.,; 1915. The dividend declaf-
I'D rday will mean :. 1lstrih"-
ton If slS7.5O making a grand TO-
toll when it is paid of $7.26S,oco.
For some days previous to the
meeting of the Belmont dlrec.ols
rumors were current that the dlvi-
dand would be passed. 1t was wen
Lnown that the company had a big
cash reserve in addition to an im
mense amount of silver bullion III
xbo rumOrS O0rS1StSu dUu