The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-10-06

shipments ~aggregating five and six
tons Of bullion we're common oc-
~currences, whereas the weights of
the shipments nowadays run a little
over three tons.
In splendid contrast to the de-
crease in the weight of the bullion
shipments has been the increase,
during the past two years. of the
value of the marketed product. due
almost exclusively to the rise in
the price of silver. In the years
1912, 1913 and 1914, the yearly
averages for silver were respec-
lively 60.S34 cents, 59.791 cents
and 54.729 cents, while for 1916
and 1917, silver has averaged
65.67S cents in the first mentioned
year and 1871 cents per ounce for
the year 1917 up to the present
Gaze. This includes he extreme
high prices recently pid for the
metal. from September first on,
when silver was quoted at 80 "a
and gradually increased n price un-
til the top price of $1.OSR was
made in official markets. Thus it
will be seen hat even though the
average for the nine months of the
present year is only about 10 "a
cents, hat is an increase of 33 per
cent we the figures established in
1912 and 1913. and about As per
cent over the 1914 quotations.
The latest shipment made by the
mills of the Belmont company es-
tablishes a record, in the point of
valuation, for the present year.
Jim Butler M,ho
The pre3en: weekly IarOrt of the
Jim Butle' T1nopah r,ng com
pany includes the usual items of
progress at both the Wandering
Boy workings and the new pros
pecting operations in the Ophir
King ground at the 900-foot depth,
besides the regular production OF
ore !oI the Belmont mill. AS
SHOWN by the succeeding reports of
nunthly earnings, the Jim Butler
con pany has manifested an earning
capacity far in excess of present
dividend requirements, with every
COuulllOu ldNOIdDlc IOl d HldlI-
tenance of the present excellent
status of the company in its finan-
cial showings for a considerable
length of time to come.
! Since the first of the year, the
Jim Butler company has reported
net earnings of $341,3S3, which,
with the addition of the earnings of
the company during the first three
months of the fiscal year, which
commences on October first of each
year, these earnings respectively
being $32,364 in October, 1916;
$31,572 in November, 1916, and
$22,50O in December, 1916, make
a total of $427,S1S.
West End Cons.
At every portion of the West End
mine, the usual satisfactory condi-
lions prevail. The greatest amount
of attention is naturally being paid
to the workings on the new vein in
the California claim of the old
Ohio Tonopah mine, and develop
ment work along the vein, as well
as prospecting work to open it up
at different places and to prove it's
width and extent, Is going along
vigorously. The West End proper
and the disputed portion, however,
are not being neglected, and the
usual activity is being manifested
both as regards development and
production work.
Mining operations in the West
End ground consisted of stopping
and development work, the latter
being a new cross-cut in the hang
ing wall, running out from drift
AIS. The object of the new cross
cut is to intercept the hanging wall
branch of the vein, which is known
to contain excellent values.
The Midway
Recently the Midway company
has started stopping operations on
the S00-foot level at a point about
700 feet south of the new shaft.
A good grade Of milling ore is be-
ing yielded by the vein at this
point, which measures between /
and 3 feet across, and quite a little
tonnage is being hoisted to the bins
and made ready for shipment. A
carload of ore was sent to the West
End mill this week, the total
weight being SO tons.
For the present, there is no work
being done on the lower levels, the
energies of the management being
concentrated on the H00-foot level.
The North Star
The long raise which was started
some time ago FROM the 1050-fOot
level, with its ultimate object a
connection with the S50-foot main
level, has been completed. On it's
way up, the raise intersected two
veins, which promise to develop ex-
ceedingly we'll. Drifting will be