The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-06-30

ing 1875 tons, the Tonopah Extern
sion $3.50 tons, the Jim Butler $50
tons. the West End S54 tons, the
Rescue 254 tons, the Montana 55
tons. the Cash Boy 105 tons, the
Monarch P%ittsburg go tons. making
the total production for the week
1862 tons. the estimated value be-
ing $166.716. This valuation is
calculated on the gross milling value
of the ore.
The earnings of the Tonopah Bel
mont Development company for the
past month as compared with those
of April, have indicated the extent
to which the improved prices of sill
YER have benefited the mining COM
panies of Tonopah, whose producers
are supplying about one-sixth of the
total silver supply of the United
States. As compared with the pre-
ceding month, when 11,745 dry tons
produced 194S.67 unces of gold
and 1S4,56S ounces of silver, max
ing a net profit for the company of
SS0,Z0U, the present HloHLD > cdih-
ings are impressive.
During the first five months of
the year, the company has reported
earnings of s45S,798, or an average
monthly earning capacity of $91,-
759. The months of January and
February were considerably above
this figure. the profits for such
months being respectively $780,
958 and $104,609. In March the
earnings dropped off considerably,
the figures reported by the local
office as profits for that month be-
ing S71,456. The two succeeding
months, however, have recorded in
creases amounting to about Is per
cent over the profits of the preced-
ing months, April being credited
with $S3,25O, and May with $685.
525.
A part of the increase is due to
has recorded a steady advance UNI
til Thursday of this week, when a
new record of 81 cents bid for the
metal was announced. The ascen-
sion of silver in the market has
been the cause of favorable com
ment, and the fact that Tonopah
producers about one-sixth of the
whole production of the United
States means hat greater interest
will be taken by investors in min
in0 cnn,rjfinc in tho chornc nf tho
companies operating here.
Mining operations were continued
during the week in the usual salts
factory manner, and while there
have been no Sensational develop
ments within the period covered by
the present report the progress
made is fully up to the standard
established by the company in it's
local as well as it's outside work.
Drilling by means of diamond and
churn drills on the properties &C
CURED last yea continues without
cessation, but as yet there has been
no important change reported. Su-
p~erintendent Bradshaw is making a
visit to California and Colorado, on
one of his periodical inspections of
the Eagle-Shawmut mine, in Tuol-
omme county, California, and the
Emma mine. in Dolores county,
Colorado. The trip will occupy
about two weeks.
Operations at the Surf Inlet mine
have continued on the same salts
factory scale hat has been a CON
spicuous feature of the mining re-
port Of the Belmont company. A
report gained currency last week
hat the first unit of the new mill
would be in operation this month,
but the local management states
hat this is an error, and it will not
be possible for the mill to be turn
ed owe until some time in August.
about the time thai was scheduled
according to the calculations of the
engineers and mentioned in the
annual report issued in May.
The report of operations at the
local property for the past week is
as follows:
"a IN oldTI VII lllt wv
foot level. the regular progress was
made in 720 west drift of north
west crosS-cut, which is advancing
along the Shoestring vein, until a
fault was encountered. The drift
was thereupon turned into a cross
cut, and work in the nature OF
prospecting for the faulted segment
is now in progress. The cross-cut is
going out in a northerly direction
from the drift to pick up the other
segment of the vein, and is making
excellent Roadway in Mizpah trach-
yte. There was no other item of
development work continued in the
report of operations for the week,
as having been performed on this
level.
On the S0O-foot level, the only
uyorE in prn0raSc during thp week