The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1916-12-02


bars of bullion, whose total weight
was 1910 pounds avci~dupois. This
shipment, according to the est;-
mates placed upon it by the local
management, has 4 valuation uf
$4,000, and furnishes substantial
proof that the milling plant of the
Extension company is progressing
favorably in turning out the bullion
from the production made At the
rhine. The figures given out By
the management, so far as value are
concerned, at least, are considered
ultra-conservatiye, and with the con-
stantly increasing price Of silver
there is every probability that when
the consignment is settled for ny
the smelters a much higher aggre-
gate return will be made.
The strength shown by the metal,
according to recent quotations. &C
counts for the remarkable strength
shown by the Tonopan stocks during
the past several weeks, during
which time, Notwithstanding tho di-
version caused by the recent cleo
ton, they have not only held their
own but in many instances have eff
fected substantial increases. This
particularly applies to the large pro
ducing companies of the Tonopah
district, of which the Tonopah Elk
tension is one Of the leaders, and
the ever enhancing value Of silver
is the primary cause of the rise
in the price of the stocks, helped
to a great extent by the fact that
the stock is controlled by some of
the biggest men in the financial,
mining and business world.
The report covering the opera
tons for the past week at the two
shafts of the Tonopah Extension
slows that development work has
been speeded up to an appreciate
degree over the previous weeks
records. This weeks total is 1872,
or IS feet more than was done in
the preceding week, and very nearly
double the development work ac-
complished in the week before last.
Jim Butler Mine
The Jim Butler Mining company's
report for the past week is n that
shows the usual satisfactory prog
ress to have been maintained, both
in regard to development work and
production. The Jim Butler, at the
close of the fiscal year of 1915, had
a balance on hand amounting to
S25O.69S.48 in cash, besides silver
bullion on storage amounting to
$163,3S5.65, the silver being val
ued, or rather carried on the books
of the company, at SO cents per
ounce. This bullion, together with
what has been added since, shows
increase of very nearly SO per .
cent in valuation, according to the
present prices, and the probability
Of still greater Increases in the quo
for the metal. the S.ocK-
holders of The Jim Bttler company
will rnap substantial benefits.
The bulk of the work performed
during the week was done on the
9Th level of the Desert Queen sec
ton of the mine, where the faces ot
numerous development and prospect
ing workings were advanced in the
regular vigorous Several
pieces of work were also carried for
ward the usual distances on the 7th
level at this part Of the mine.
West End Consolidated
The first cleanup at the milling
x1o- 4L1 yvock E-J Co-a.l;AaI
ed Mining company during the
month of November was completed
i" the closing days of last week,
and resulted in the shipment of Al
bars of bullion to the smelters.
The weight of the shipment was
ton placed upon the product at
the present time, due to the en-
HANGED price of the silver contents
the output for the first two weeks is
worth at least $5S,447.70, based
upon an estimate of S5 cents per
ounce for the gold and silver coI.
tents of the bars. This is the most
to the most valuable shipment thar
has been made from he West End
mill since operations have been IN
der the direction of that company
though several shipments have eN-
ceeded it in weight. The increase in
the value is therefore ascribed Who'll
ly to the better quotations for sill
yer in the metal markets.
Operations at the MacNamara
Mining company during the past
week proceeded at the usual rate
along the recently opened vein on
the 5O0-foot level. The vein is eX-
ceedingly level and the most prao-
ticable e of developing it has
been found to be by way of stopping.
MiZpah Extension
There has not been any substan-
tial change noted in the cross-cut
urnrEip pc On tho TAO and the