The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1916-11-18

being performed in the slopes and
other producing areas in the mine.
The development work accomplished
at the No. 2 shaft amounted to 112
feet: and at the Victor workings,
there vas 81 feet of new ground
broken.
The rather low moun of WORK
done at the latter place is probably
accounted for by the fact that pro-
eress in the sinking operations at
the Victor shaft itself were slowed
down by reason of encountering
some heavy ground, which %necessi-
tated a careful advance in these
operations.
TonOpah Mining Company
The Tonopah Mining company
shipped during the early part of the
present week 80 bars of bullion
from the Desert Power and Mill
company, its subsidiary at Millers,
Nevada, the total value of the ship
ment being estimated at $5S,S7,
This shipment which resulted from
the final cleaning up for the month
q October. is considerably less than
the production for the same period
III the previous month, but slightly
more than the value of the ship
ment made during the middle of Oc-
tCber, when the figures given out
by the management with regard to
TIE valuation of the bullion ship
ped at that time were $4,000.
Notwithstanding the fact that the
Tonopah Mining company has been
engaged in mining out its big re-
serves of ore for u years and con-
scquently is not now as strong in
this respect as in previous years,
the faith of investors in it's stock
has never wavered, and those who
were so fortunate as to become
interested in this property during
the early days of it's existence have
been repaid a thousandfold. Indeed,
ever the investors who bought To-
nopah Mining company stock when
in 1906 and 1907,-have had most
excellent returns upon their invest
ments, amounting to very nearly
the total amount of their princi-
pal.
The fact that the Tonopah Mining
company, by reason of its almost
uninterrupted dividend paying
course, is today the highest priced
stock in the Tonopah list. is indi-
cative of the confidence held by the
investing public in the conservative
arrangement of the mpany and in
its future prosperity. It's total net
surplus on February 10Th of this
year amounted to SO, 704,259.90, or
about 1910 on each share of stock
Of the company.
While the present year, according
to the monthly returns of net earn
ings, has not been SO profitable as
were the preceding years, neverthe-
less its prospects for a long and
prosperous career are as bright now
as they were in former times. This
s mainly because the management
has ben forsighted enought in the
Tonopah property must at some
time come to an end, and with that
in view investigated the possibili-
ties of other properties submitted
to it.
One of these properties, the To-
ropah Placers company, is already
on a dividend paying basis, and an
~ l,o,, .ho LI1n NT;ni,~ oon,vo~xy
located in Nicaragua, is expected to
be in the producing class within
the near future.
West End Consolidated
That the greatest measure of sue
cess is attending the mining as well
as the mining operations of the
West End Consolidated Mining
company is shown by the last few
reports of the shipments of bullion
which have been made by the COM
pdny, The latter half of August re-
suited in the outputting of $59,-
e21.6O. based o bullion at 80
cents per ounce; as a result of the
cleanup for the first half of Sep
TENDER, $5S,165 in bullion was
shipped. based upon the same con
~scrvative estimate; on October 18th
another shipment of bullion; valued
al $44.O12, computed at the same
rate for the silver contents, was
sent forward; and this week, an
other lot, consisting of AZ bars,
weighing 6S,332 ounces, was ship
ped, The value of this last ship
ment is given a higher estimate be-
cause of the reient advance of the
price of silver to above 70 cents per
ounce, and the bullion is computed
on the basis of S5 cents per ounce
for the total contents of the bars.
North Star Mine
The excellent showings which
have lately become prominent in the
North Star mine, under the active