The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1915-06-26
NET PROFITS OF THREE TONOPAK
COMPANIES IN MAY TOTAL S2O4. 555

The weeks output of the Tonopah
Amines was 1887 tons, of the esti.
MATED value of %s212,926.
Tonopah Belmont's report for the
month of May shows net profits of
s92,5S7, compared with s9O.112 for
April, and $S652O for March. The
production was 1852 tons and the
net value was $197,27S.
Tonopah Mining Company's net
profits for the month of May were
$62,175. There were 1890 dry
tons of ore milled, of the average val
ne of 1925 per ton.
Tonopah Extension net profits for
the month Of April were $45,147.
The mine never looked better and the
profits could easily be boosted much
higher by putting through the bet
ter grades of ore.
The Butler report for month Of
May shows net profits of $4S,793,
which are the greatest in the history
of the company. There has beer
steady increase in the profits for the
last six months.
West End is making preparations
to work in and extract the ore from
the territory which has been tied up
for over a year by the litigation with
the Jim Butler company.
At the Montana-Tonopah three sets
of leasers are taking u ore and last
week shipped 90 tons to the mill.
Monarch Extension drift on the
vein at the 1855 level shows an av-
erage width of 80 inches of SIG to
$40 ore.
Halifax development work on the
1900, 400 and 100 levels continues
but shows no change for the week.
North Star is putting up raise from
southeast crosscut on the $50 level,
which is following IL inches of good
re. Also developing two feet of sat
sfactory ore on intermediate level be-
low the $50.
Rescue-Eula drift on the second
rein on the $50 level is now in d
broken up n but will be contip ded
in the hope of finding good values
again.
Victor has the water down to a
point II feet above the 1910 level.
Midway lessees shipped 100 tons OF
ore going better than $50 per ton.
New compressor now installed at
main shaft and sinking resumed.
Monarch Pittsburg driving two
north crosscuts, 240 feet apart, after
shut down of a week caused by COM
= pressor breaking.
Buckeye-Belmont making about 3R
feet per day in all faces. The north
crosscut along the Halifax line has
cut some quartz stringers.
Cash Boy mining operations have
been suspended while the old hoist
ing engine is being taken out n the
new one installed.
ton at the 740 foot point in the shaft
and will move the pump there from
the 6OO-foot station.
Umatilla is cutting station and put
ting up small raise to accommodate
the diamond drill apparatus. Drill
ing will next week.
Gypsy Queen making steady prog
ress sinking the shaft. which is now
down 1893 feet from the collar.
Tonopah East End has printed re-
port of annual meeting which is now
being sent to all stockholders .
Tonopah Mining
Tonnage and Bullion for May:
Number dry tons milled, $4,000; av-
erage value per ton, 1925; ounces
gold and silver bullion shipped,
216,3OO; total value of bullion,
s147,S5O; net profit for May, $62-
IT'S.
The report of the Tonopah Min
ing company of Nevada for the
month OF May shows net profits OF
$62175, as compared with $63.S45
for the previous month of April-a
decrease of $3.50. There was an
increase of 275 tons of ore milled.
but the value was 35 cents per ton
less, being $13.25 as compared with
1890 for April. The net profits
of the company for the first five
months of the year have been as fol-
lows.
January ,S75
F.bruarv 1880
March 7O,56O
Anri, 63,S45
Nav 62,175
The most important development at
the mines during the week occurred
on the 100 level of the Red Plume,
where raise TAO opened five feet of
mill ore in the Red Plume vein. This