The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1916-02-05

Ia p1h Belmont company sent to the
nil 1925 tons. the Tonopah vi =
ing 1850 tons, .he Tonopah Evtcn
sion 1850 tons, the West sind
The North Star 81 IONS and iniscel-
laneous leasers 234 tons, making the
total production for the week $3.50
tons. the estimated valu. being
$~176,2S0. This valuation IS cal
culated on the gross milling value
of the ore.
The Tonopnh belmont Develop
ment company reports the ship
meht to the snClteIs, as a reSdl: Of
the cleanup for the two weeks pre-
ceding Jan. "a at the milling plant
of the company in Tonopah of 50
bars of bullion, weighing 1928
ounces. with an estimated total
valuation of $S1,349.SO. A ship
ment will be made within a few
days from the Millers plant of the
company, and the figures for this
latter shipment will be included in
the report of next week, provided
they are then available.
Frederick Bradshaw, general sup
erintendeht of the company, left
Tonopah on Thursday for the Surf
Inlet mine on Princess Royal island,
British Columbia. While the oh.
ject of his visit, following so close
upon his last previous visit to this
property, has not been announced,
it is supposed that while he is at
the property, besides making an
other inspection of the development
work occurring there. he will go
over the ground for the purpose Of
deciding on sites for the milling and
~ower plants which the company in
tends to erect at the Surf Inlet prop
erty. The construction operations
on these plans are scheduled to
commence some time this spring.
No extensive developments are in
progresss as yet at the Bull Moose
property, near Beatty, New. which
the company has taken over under
= working arrangement, but a few
men are now employed at the prc".
a~tv in putting things into first class
shape preparatory to the Inaugural
tion of operations. In the NEAL
time comprehensive plans of de-
velOpment are being mapped ont,
and within a short time it is ex-
pected that exploration and devel-
ann,ant ,r1,Jr will ho ~ fu1J cxr;nr
and will thereafter be pushed with
all possible vigor.
With the continued strength ex-
hibited in the silver market, this
metal having reached a high point
of 57% cents per ounce during the
week, the outlook is decidedly
promising for The mines of Tone
mar and a more prosperous season
for the producing companies in the
camp is inevitably bound to come.
1t is the opinion OF the leading fl
nancal experts that M longer de-
lay will occur before this long
looked for period eventuates aid
in this Increased prosperity for sill
yer properties the Tonopah Belmont
will of course share in a proper
tionate degree.
Tonopah Mining Co.
AS testimony cOnfirmatory of the
prosperous condition of the Tono-
pah Mining company of Nevada, we
publish in another column the
quarterly report of that company
and the Desert Power & Mill com
pany for the period ending Nov.
80, 1915.
Briefly analysed, from a produc-
ton during September, October and
November of approximately half a
million dollars, the net earnings Of
the company amounts to 1901, OATS
or over 40 per cent of the gross
value after deducting losses in mill
ing and retiring and the regular
mixing, milling, marketing anil 9G..
eral expenses. Added to the above
amount of net earnings from the
orcrations at the Tonopah property
and the milling plant at Millers, the
company had an income from mis-
cellaneous sources for the quarter
of s123,210.44, making the total
earnings of the company for the
period s~324.25S.'7. Out OF this
sun exnloration expenses of $10,-