The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-02-17

A@N " ~
two weeks in its big mill that the
value of the shipment made a few
days ago was increased about 90
per cen over the consignment sent
milling operations during the first
semi-monthly period in January.
The former shipment weIgned So
400 ounces, and had an approx
mate valuation of $4,000. Since
then, the price of silver has risen
above the 77-cent mark, enhancing
to a proportionate extent such con-
tents of the bullion bars.
The shipment made on Tuesday
of the last week weighed 1850
the valuation placed Upon it by local
officials of the company. is worth
approximately sSS,0O0. This, how
ever, is considered by many mining
men to be ultra-conservative, such a
basis putting a low valuation on the
silver contents of the bars after the
deduction of the one-third value in
gold, which is the prevailing ratio
of Tonopah ores. In addition, the
extension company, under its con
tract calling for consignment of its
output, receives a price that is half
a point above the market for its
product, and since silver has scored
the highest price in "a years. max
ing an advance to II 3-S Friday,
H. 1N-t 80 A. --.4
ers at the time of RENTING for the
shipment will undoubtedly enhance
the value of the bullion to a con
Siderable extent.
The sustained advance in the
price for silver has beer a source
of considerable jubilation among
those interested or employed in the
mining industry. Not only has the
life of the Tonopah mines been pro-
longed, because now lower grade
ores can be worked that formerly
had to be left untouched, but the
recent advance in wages granted to
the miners in this and other dis
dricts is certain to be maintained.
IL vi o1lCDLlSJo vi ~
litical economy experts, hat silver,
by reason of the increased demand
and the propOrtionately decreased
supply, will command much higher
figures, is rapidly being realized;
and there is no doubt that the bet
ter condition will continue to be en-
joyed, during and for a long period
after the present war.
The feature of the present weeks
report is the announcement that the
Victor shaft has been completely
unwatered, and that sinking will be
resumed and pushed as rapidly as
possible from now on. The rev
pump which was installed a few
days ago has given the greatest de-
gree of satisfaction, and after be-
ing put in commission accomplished
it's purpose within a very short
time. Barring any further mishaps
or accidents, it will o take long
for the company to reach the point
designated as the present bottom
level, namely, 1900 feet, when lat
eral work will be commenced for
the prospecting and development of
the company's ground at hat depth.
n sinking of the shaft will have
made the Victor ground the possess
sor of the deepest shaft in the
southern country, in fact, in The
whole state outside of the Com
stock district, where the shafts run
to depths of 270O and $500 feet.
The same difficulties that have been
experienced on the Comstock, how
ever, are not anticipated in the
T~Onopah district, whose mines are
comparatively dry.
The excellent rate of progress
shown in the reports for the past
few weeks, regarding the matter of
development work, was continued
at the mine in the period covered
by the present report, a total adj
vance of 37S feet being recorded.
This was divided as follows: POS
feet at the No. 2 shaft territory.
and 172 feet in the Victor ground,
on the 1540-foot level.
The report in detail is as fol-
lows:
On the 1020-foot level, stopping
continued at the regular rate in
III stope. where the 4-foot width
of milling grade ore furnished the
usual quantity of material for the
mill.
Mr.. Carpenter, since drawing ND
the plans for the mill construction
and equipment, has visited the
property on different occasions, and
his trip at this time is for the pur-
pose of tuning up the mill and
noting the results attained. 1t is
understood that Mr.. Carpenter will
be occupied for several months at