The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1916-08-05

Jim Butler 1850 tons, the West
End S95 tons, the Rescue 2O5
tons, the Halifax 15S tons, and The
Montana 8 tons, making the total
production for the week 9217 tons,
the estimated value being $191,9S6.
This valuation is calculated on The
gross milling value of the ore.
shipped during the past week from
it's plant 1t Millers, as a result of
the first cleanup in July, 81 bars of
bullion, which have a total ssti-
mated valuation of $5O,76O.
With the dividend checks which
were mailed on July 21st t. the
shareholders of the Tonopah Mining
company, a statement was sent
showing the combined income
and surplus accoun of that COM
pany and the Desert Power and
Mill company, for the quarter end
ing May 31st, 1916. The net earn
ings of the two companies for the
three months amounted t $121,-
$3.50, which, with miscellaneous
income of ~$39,743.54, brought The
net receipts up to $~161,432.93.
From this sum, there was deducted
$16,965.51 for exploration expense
and Specialists, the latter sum be-
ing On account of the Moore filter
suit. The net income for the quar-
ter, therefore, amounted to $11S,-
O12.64.
In addition to the income of the
mining and milling operations at
the Tonopah and Millers plant, re-
spectively, the statement mentions
the fact that the Tonopah Placers
company, S3A per CEN of which
is owned by the Tonopah Mining
company, had net earnings for the
same period of ~$39,454.46. The
company's proportion of these earn
ings amounts to ~S32,S45.S4. This
sum-, added to the net income of
the company from it's local opera
tions, brings the total up to $780,
S58.47, or slightly more than di-
vidend requirements.
The report of mill operations of
the Tonopah Mining company for
the week ending July 9th, shows
that an average of 60 stamps were
kept dropping and that 2167 tons of
ore were put through the mill.
The ore averaged $12 per ton.
Not so much development work
was performed during the present
week, as compared with the weak
preceding. The greatest falling off
in footage was in the Silver Top
ground, where only 70 feet -
ground was broken in development
TOnOpah-BeImOnt
The last shipment of bullion from
the Millers plant of the Tonopah
Belmont Development company,
ngures on which were not avail
able at time time The Miner went
to press last week, consisted of
% bars of gold-silver bullion, hav-
ing a total weight of 39,979 ounces
and an estimated valuation of $31,-
1920.
Taken with the estimated valua-
ton of the shipment made at :lp-
p~roximately the same time the To-
nopah mill of the company, which
was ~$76,416, this shipment brings
the total valuation of the ship
ments from the two plants for the
first two weeks in July up to $107,-
$500, which compares very favor
ably with the regular shipments of
bullion resulting from the initial
monthly cleanups.
The shipments made as a result
OF the final clean-ups in the success
sive months include the shipments
Of concentrates, aud of course the
total valuations are corresponding
larger than those of the initial
monthly clean-ups.
At the local property, the re-
port of operations during the past
week is fully up to the splendid
standard established and maintain
ed by the company; in fact, i'm
provement in conditions attending
some of the workings is one of the
chief causes for qualification. A
drift on the S00-foot level, which
has been exposing a full face Of
good ore, has developed a seam
6 inches wide of high-grade ore,
while OF the 1000-foot level, an
other drift, designated as west
drift 1927, is reported as advanc-
ing on a 2-foOt width of fine"
ore. Developments at other parts
OF the mine were steadily advan-
ced. and good progress was made
in extending working faces.
Reports from the outside proper
ties are somewhat lacking in de-
tails, but good progress continues 20
be made. The Surf Inlet mine is
steadily and surely reaching a point
where actual mining operations Lay