The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-02-03

$1,000 49,
SO many government reports cover
Ing operations for the calendar year
up 10 December 31st are now re-
uuired. In order that 1t might not
be necessary to include Q portion OF
tie preceding years Operations of
the company into the governmental
reports, the change was effected, so
that il now conforms to the SAME
yearly period as that recognized by
tue yar;cus departments or uns
United States government, such As
til, bureau of mines, the geological
survey, the internal revenue service,
&C.
Since the late of ending the fis-
cal year is now December 31st, The
annual report of the company will
no doubt be issued at an early date.
u liz unnecessary to saw thai its
coming will be awaited with inter
est. racaus of the fact that it no
only shows a maintenance of the
exceptionally strong financial re
serve enjoyed by the company out
it also invariably gives a rue line
on the possibilities of the company
as to future operations
Dividend Checks
Last Saturday, the company mail
ell to its stockholders checks 70"
the 46th dividend, which was de-
clared on December 18th. Accom-
panving the checks was the usual
quarterly report for the three
months ending November 30tb,
1916, covering the combined income
and surplus account of the Tono-
pah Mining company of Nevada and
AS compared with the preceding
quarter, which ended on August
31st, an immense increase is noted
in the value of the output n the
miscellaneous income, which the
mining, milling, marketing and gen.
eral expenses, metal losses and ex-
plOration expense We're increased
but slightly over those of the for
mer period. The net income for
the last quarter, ~$3OS,459.55, is a
brilliant improvement over that of
the preceding three months, which
constituted the second quarter of the
past fiscal year, when the nee in
come amounted to but s122,712.
Oldest Mine In District
notwithstanding the fact that the
Tonopah Mining company is The
oldest mine in the district, and the
news of it's operations during sue
cessive weeks is mostly of a routine
nature, yet recently there have been
many items of interest found in the
regular reports. These include not
only the discovery of extensions Of
o~rebOdies which have beer deval-
oped at other points, but the de-
VClopment Thereof, as we'll as the
ccnsummation of projects designed
to place the mine in a position
where it can more advantageously
handle the production from the new
working points.
Shaft sinking at the Sandgrass
claim has now been stopped, the
bore having reached a sufficient
depth below the 1140-foot level to
furnish an adequate stump. The
work of cutting out for the station
is o in progress. and after COM
pletion, which will be within a short
time, the lateral development of the
ground at this depth will be under
taken from the shaft, instead of. as
heretofore, through the winze work
ings. An exceptionally good record
was made in sinking the shaft, a to-
tai of 1877 feet having been made in
26 working days. The greater part
OF the time, three shifts were en-
ployed.
During the past week or so, there
has been no ore shipped from the
Sandgrass workings, by reason of
an accident which occurred to the
hoist stationed underground, one of
the gears in the equipment having
broken. While the production work
was perforce, stopped, development
work went ahead in the same salts
factory manner that is consistently
noted in the weekly reports.
Mill Operations
The report of mill operations of
the Tonopah Mining company for
the week ending January 2Oth,
shows that an average of 60 stamps
were kept dropping and that 1000
tons of ore were put through the
mill. The ore had an average value
of S14.
The footage record for the week.
while not up to that of the preced-
ing week, is more than satisfactory,
n was considerably above the av-
erage for the past year. The ag-
gregate amount of new ground brok-
ell was 374H feet, divided among