The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-07-07

Mining 1900. the Tonopah Extern
sion $3.50 tons, the Jim Butler $50
tons, the West End $50 tons, the
Rescue 100 tons. the Montana $50
tons, and the Midway 100 tons,
making the total production for the
week 92S3 tons, the estimated value
being $162,452. This valuation is
calculated on the gross milling
value of the ore.
About the middle of the current
week, the Tonopah Mining company
shipped from it's big plant at Mil
lers 3S bars of gold and silver bull
lion. Up to the time of going to
press, the figures as to weight and
valuation have not been available,
but inasmuch as the general aver
ast of the mill, in such details
was maintained. the production re-
sulting from the treatment of the
company's ores will be fully up to
normal in weight, and the better
prices for silver will have a benefit
cial effect on the earnings from
the sale of this last lot of bullion.
AS we go to press the valuation
is stated to be S62,S5O.
There is almost certainly bound
to be an ever-increasing demand
for silver throughout the entire
world, and Tonopah's production
will be augmented to the fullest ex-
tent in order to help out the sup
ply. In fact, if the copper COM
panies which are now experiencing
difficulties are compelled to close
down for any length of time, the
outpu. fer tn preset year will be
greatly curtailed, for it is we'll
known that the bulk of the silver
produced in the United States comes
as a b~y-product from the copper
mines of the country. 1t is pos
sible that Tonopah's production will
show an increase over preceding
years, for the reason that the high
er levels for silver allow lower
grade ores to be mined and treated
at a profit. In any event, this fact
will make for a prolongation of the
lives of ~Tonopah's producing mines,
which at the present time amount
TO at least II, with prospects that
another producer will be in the
field within a short time.
Tonopah Extension
The net earnings of the Tonopah
Extension Mining company were
slightly under those of April, when
the company prOfited $34,24S. Some
Interruptions to the milling service
reduced the tonnage to 1897. or
about 500 tons less than in the
preceding month. There is legiti-
mate cause for the decrease in the
production and the earnings, how
ever, for what with the buying of
machinery; the installation of new
equipment, notably the auxiliary
power plant, which is o in course
of construction: the extension of
development work away from the
big slopes that have been the ex-
traordinary sources of production in
months one by; and the numerous
delays that have occurred and the
difficulties that have been encount-
cred in sinking the Victor shaft and
getting work started on the new
bottom level at that shaft, the
expenditures of the company are no
doubt amounting to enormous fig
ures.
Every one who is conversant with
conditions in the western part of
the Tonopah district, while under
standing the obstacles that have
been met with by all the mining
camp. is quick to recognize the
merits of such properties. Water
has been he chief difficulty in the
path of success on the part of the
mines in the western end of the
district, but this condition will with
in a short time be overcome, when
the pumps which were ordered sew
eral months ago by most of the
operating companies have arrived
and been placed in commission and
when the auxiliary powerplants,
which are in process of actual con
struction and under contemplation.
have been completed.
TOnOpah-BelmOnt
The increasing prices quoted for
silver are having a beneficial effect
on the Tonopah mines, as has been
evidenced within the past few days
by the strengthening of the shares
of all the larger producers in the
district. The Tonopah Belmont De-
velopment company. at the present
time, the largest producing mine in
Tonopah, advanced considerably in
the eastern and western exchanges,
mainly by virture of the enhanced
quotations for the silver product.
According to advices from credit
able sources, the main factor in put