The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1915-01-09

HlutS was CyJOV WIS VI nv NoNA
mated value of s1S7,060. The fall
ing off in production is accounted
for by the fact that the mines closed
Christmas day.
Tonopah Mining company is max
ing it's usual output of ore of about
the same average grade as for weeks
past.
Tonopah Mining company is max
ing it's usual output for the thirtieth
quarter ending Nov. 80, 1914, shows
total net income for the quarter to
be ~$372,O2O. The total of
the company on that date were ST.
333,637..
Tonopah Extension in sinking
from LILO foot level in hanging
wall of vein is encountering very
rich stringers of ore of sufficient size
and richness to frequently make the
whole output from the shaft a good
average grade of ore.
West End mine is still showing
the same high grade ore that was
encountered in W different places
in virgin territory last week. The
size and value of the ore bodies show
no change as development proceeds.
Montana Tonopah cut a vein on
the 4G5 foot level which shows two
feet of very good ore.
Mizpah Extension stockholders, in
special meeting December %, rati-
fled the deal made by the directors
with the Tonopah Mining company,
giving the latter a two year lease
with option to purchase.
Jim Butler made it's usual output
of 700 tons of ore of the average
grade. improvements at Wandering
Boy shaft nearly completed.
Cash Boy has finished unwatering
the shaft and is now sinking in the
shaft, which will go on until a depth
of 1,4OO feet is reached.
Tonopah Victor is still baling and
the water is being lowered slowly.
Tonopah Merger is still in the
fault at the 1890 foot level.
Rescue Eula is sinking shaft from
500 foot level in trachyte.
North Star shipped 10 tons to the
West End mill as the weeks out
put.
Gypsy Queen crosscut on the l.
124 loot level in soft talcy fOrma-
ton and it is expected to cut the
vein soon.
Halifax is retimbering shaft.
Monarch Pittsburgh south cross
cut en- the $500 foot level is in hard
formation which is full of iron py-
rites and shows occasional quartz
stringers.
Umatilla Tonopah advanced cross
cut ON 1900 foot level twenty two
feet with no change in formation.
Tonopah Bonanza Mining company
is retimbering shaft preparatory to
continuing sinking.
Tonopah East End shaft down
$40 feet and formation is becoming
more silicified.
Belmont.
The Tonopah Belmont Develop
ment company has issued it's report
for the thirtieth quarter, which end
ed NOVSIuUcT OV, lVI1 ohu y Ao"O
the following:
Receipts from sale of ore,
bullion, etc. -$ 72S,170
Mining, milling and adj
ministratiOn EXPENSES 367,979
Net earnings 5 36O,191
Miscellaneous income 1889
Total net income for the
three months ended No
vember 80, 1914 --$ 372,O20
Available resources, No
vember 80, 1914:
Due from smelters and sill
yer stored, at soc per
ounce 6S9,635
Due from others 1878
Loans ON collateral 100000
Cash in banks 3S6,724
Total $~1,333,637
Compared with the report for the
previous quarter ending August 81,
1914, the total receipts from ore, for
this last quarter shows an increase
of s13,559, while the total net in
come shows an increase of $24,567.
The total available OF
the shows a decrease or