The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1916-06-03

very nearly Is per cent. This in
crease resulted Notwithstanding the
fact that a lesser tonnage was
nilled and the results showed a
cCrrespcndingly smaller amount of
bullion produced. The net value OF
the ore increased to $160,154, ove
the ~$145,S93 reported for March.
A shipment of 33 bars of bull
lion was sent to the smelters early
in the week. The weight of this
shipment was 1900 pounds, and the
bullion has an estimated value of
100000.
Word has been received from
New York that the directors of
the Tonopah Extension Mining COM
pany, at their meeting of May
Is, increased the rate of dividend
on it's stock from 10 cents to 10
cents per share. The dividend is
payable on June IL and constitutes
dividend No. 10. Out of the u
thorized capital stock of 1000, 900
shares, there are outstanding at the
Dl SScuJ tll1c - tA,oOl SlldlCS diu
the recent increase in the monthly
net earnings will not only take are
OF dividends, even at the new rate,
but will allow the accumulation of a
good surplus or eserve.
At the same meeting of the di-
rectors, another event of great i'm
portance to the Extension and 9th
er properties to the east and north
of it happened when favorable ac-
ton was taken on a proposition sub
mitted by the Umatilla Tonopah
Mining company looking to the use
of the Victor shaft and the work
ings on the Victor 1910 level for
the purpose of exploring the Una
tilla and the western and north
western portions of the Montana
Tcnopah ground. OF course this
work will not be undertaken until
the Victor shaft and workings on
the 1910 level have been put in
shape as contemplated by the Elk
tension management for handling
an increased production from the
nine, and it is expected that it will
he about July 1. before the Victor
shaft is completely repaired and
the main crosscut on the 1910 level
has been enlarged and equipped.
TOnopah belmont
During the past week there was
shipped from the Tonopah Belmont
Development company's milling plant
at Tonopah a lot of So bars OF
gold-silver bullion, weighing no.
034 ounces. Estimated at SIS cents
per ounce, the bullion will return
$95,52S.9O. At the same time
there was shipped a consignment or
concentrates, amounting to SO tons,
which at the estimated valuation of
$3.50 per ton, adds to the value of
the bullion shipment the sum OF
$4,000, making a total worth OF
$1O7,12S.9O for the bullion md
concentrates.
This bullion shipment is larger
by about 10 per CEN than the pre-
ceding shipment from the TOnopah
plant, which amounted to SO bars
Weighing 99,352 ounces and indi-
Gates that the splendid condition
of the mine and mill is more than
maintained while the production
and treatment showed some increase
10 tonnage and results.
General Manager Bradshaw states
that at the outside properties Of
the company, at Surf Inlet, at the
Bull Moose mine in Nye county,
and at the Emma mine in Colo
ra 10, everything is progressing in
the most satisfactory name and
that within a short time full details
nf The operations at the various
properties will be given out for pub
licaiion.
TonOpah Mining Co.
Since the Tonopah Mining COM
pany struck what is designated as
the eastern extremity of the MUIR
ray vein in a crOsscut which was
run to the north from the winzo
on the 1900 level, development
work vas pushed steadily aneau I'D
order to determine the width Of
the vein. During the past week
the discovery proving the vein tc
have a maximum width of eight
feet at the point where the eros
cut pierced it, ranging down to
a siX-foot width at the narrow
est portion of the vein.
The ore extracted from the
vein in the progress of develop
ment work has proven to be Of
good milling value, and there wiz
be made available a considerable
tonnage of good ore in addition 60
that estimated in the annual report
of Superintendent Blackburn.
Immediately upon ascertaining