The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1915-01-23

for December show net profits of
$6S,260. Former president of the
Panama Mining company has start
ed suit in Philadelphia to restrain
the deal whereby hat company
passes control of it's Nicaragua
property to the Tonopah Mining COM
pany.
Tonopah Belmont shows a decided
improvement in the size and values
of ore bodies opened up in the course
of development. The Favorite vein
is especially good.
Jim Butler company will start min
ing this week in Wandering Boy
shaft for the first time in months.
All the improvements are completed
and the new hoist and compressor
are working fine.
Tonopah Extension making good
progress in installation of plant for
fire protection. Mill production is
a little lower this week owing to
several shutdowns for necessary re-
pairs.
Montana Tonopah continuing de-
velopment at the local mine. Com
pany's Commonwealth mine in Ari-
iona showing continued improve
ment.
Tonopah Midway Consolidated
Mining company, the name OF the
new company that has taken over
the Midway, held a meeting yester-
day and elected officers and direct
Ors.
umatilla TOnOpah preparing to
crosscut the Homestake and Umatil-
la claims of their company, and the
Afterall and Miriam claims of the
Montana-Tonopah company in order
to thoroughly prospect that territory.
Both companies share the cost.
West End shipped 81 bars of bull
lion, weighing $1,000 ounces, and
worth, ven at the present low price
of silver, in excess of $4,000.
Mizpah Extension drift on the L.
155-foot level is following the vein
to the east with no result out of the
ordinary this week.
Tonopah Merger has encountered
uIdS VIC IL tuc uIlIt vi IhC l. COW
foot level, but the vein itself has
not been picked up.
Tonopah Victor has water lower
ed to the 1,335-foot point. The new
pump will be in operation by middle
of next week.
Halifax has completed retimbering
= of about 225 feet in the shaft, OF
Z some hing over half the amoun con
templated.
North Star development work
shows no particular change for the
week. Stopping is in progress on L.
OOO-fOot level and a 50-tOn shipment
went to the mill Friday.
Monarch Pittsburgh encounters
fault in the south crosscut at the
SO-foot level which contains breccia
said to be identical with that found
on the footwall of the Murray vein
in the Tonopah Extension.
Rescue Eula shaft is now down
S94 feet below the collar and still
in t~rachyte.
Cash Boy shaft has been sunk SO
feet in twelve days and is now L.
800 feet below the collar. Nearly
all the stockholders have paid the as
sessment which became delinquent
yesterday.
Buckeye Belmont encountered a
two foot streak of quartz in the
east drift from the northwest cross
Gu on the 1900 foot level.
Tonopah East End making good
progress in sinking shaft, but there
is no change in formation.
Gypsy Queen crosscut is now in
hard formation and the expected
vein has not materialized.
Tonopah Mining Co.
The report of. the TonOpah Min
ing company of Nevada for the
month of December shows net
profits of $6S,26O. This is an increase
over those for the month of NOvem-
Der of $4,14O, the average value pei
ton being $40 less.
The total profits for the twelve
months OF 1914 were $1,O57,973.
From the telegram printed below
which has just been received from
Philadelphia it would appear that
there may be a possibility of a hitch
in the transfer of the Panama Min
ing company's property in Nicara-
qua to the TonOpah Mining company.
However the latter company Usual
knows what it is doing and it has
been spending thousands of dollars
per month for a long time on the
Nicaragua property, as we'll as max
ing substantial payments at frequent
intervals to the Panama Mining COM
pany. The following is the telegram
received:
Roland Kuehn, former president
of the Panama Mining company and
holder of about 10000 shares OF