The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1916-09-16
TONOPAH DEVELOPMENTS
SET FORTH IN REPORTS

way from being over.
The total amount includes the
shipments from the plant at Mil
lers, which is operated by the Bel
mont Milling company, a subsidiary
of the Tonopah Belmont Develop
ment company, on custom ores, the
great bulk of which comes from
the Jim Butler Tonopah Mining
company, which is closely identified
with the Belmont company.
Yet even with these shipments
which amount to nearly one-third
of the aggregate. s%ubtracted from
the sum total, it means that the
Belmont company's mine during the
first eight months of 1916 has pro-
duced over a million and a half
based upon conservative estimates
of the valuation of the successive
shipments.
Out of this production the net
earnings of the Belmont company,
for the sever months commencing
with January and ending with July,
were $756,633. The profits for Au-
gust have not yet been computed,
but there is every reason to assume
that this will bring the total earn
ings for the eight months of 1916
we'll above the sS50,0O0 mark, a
splendid showing of returns on the
production as reported, and one
which allows a handsome surplus
to be added to the company's reser-
yes after paying the quarterly divi-
bends at the rate at present in force,
which was established at a time
when the profits IN silver produc-
ton were small and there was lit
tie if any occasion to crowd extrac-
ton of ore from the mine.
Late last week, according to Phil
adelphia reports, the directors of
the Belmont Development company
ret at tht home office and declared
the usual dividend for the quarter
at the rate of 12R cents per share.
This. the goth regular dividend
which has been declared, brings the
total disbursements to the stock
holders up to the imposing sum of
SS,393.622. there having been paid,
besides those regularly declared
two extra dividends. This last divi-
dend is payable October list to stock
holders of record September 18th.
West End Consolidated
The success which is attending
the efforts of the West End Con-
solidated Mining company in de
velopment and production operations
is exemplified by the shipment Of
bullion which went forward from
it's mill on Sunday last, represent
ing the cleanup for the last two
weeks in August. The shipment is
the largest that has ever gone for
ward, both in point of size, weight
and value.
There were As bars shipped,
weighing 74,777 ounces, and the
bullion has an estimated valuation
D. 59,821.6O, computed on a basis
of 80 cents per ounce for the en-
tire contents. This basis is con-
sidered in many quarters to be ex-
tremely conservative, with silver
selling at 6S cents Del ounce and
over, as the proportionate value of
the gold and silver in the bullion
is n part gold and two parts sill
YER. bearing out the general ratio
OF TOnopah ores.
Work of Importance to the dis
trict, and particularly to the west
ern portion of the camp, Is con-
templated by the West End manage
ment. This consists OF plans for
the ~re-opening of the OLD Ophia-To-
of the company, which lies directly
south of the No. 2 shaft of the
Tonopah Extension Mining company.
The Ohio shaft at present has a
depth of about $50 feet, and 1t is
planned to sink to additional depths
and thoroughly explore the western
portion of the company's territory.
Halifax TOnOpah
Mining conditions at the 1900
foot, or bottom level, of the Hall
fax Tonopah Mining company, have
been improved to such an extent
through the installation of the var
ious cooling and controlling de-
vices, that it has been possible to
work in the north cross-cut with
as great facility as at any other
place in the property, and in conse-
quence progress in extending the
face of the cross-crrt has been more
rapid. New air lines Of sufficient
capacity have been led to the face
of. the working, and with the cross
cut having passed the water crevice,
conditions are stated to be normal
in every respect. There has been
no change in the formation during
the past week. nor since operations
were resumed in the cross-cut.
Tho Tim put1or Mipinn oa~nopx.c