The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-08-18
TONOPAH DEVELOPMENTS
SET FORTH IN REPORTS

LObo NHS
23SO tons the Jim Butler 500 tons,
the West End S29 tons, the Rescue
255 tons. the Monarch Pittsburg 50
tons. the Midway rs tons, the Mon
lana 80 IONS and the Cash Boy 90
ons making the total production
for the week S54S tons, the esti-
mated value being $153,714. This
valuation is calculated on the gross
milling value of the ore.
The weekly report of the Tono-
pah Extension Mining company in
cludes the announcement o. the
regular bi-weekly shipment of bull
lion to the smelters. Thirty-three
bars. weighing $3.50 ounces were
sent forward. and the company has
placed upon the consignment an ap-
proximate valuation of $63,500.
The Extension company. like all
the other producers of the Tonopah
district, is enjoying the benefits
created by the recent rise in silver.
The official quotations. wired to
Tonopah from New York, have
reached a high point of 50 rs, but
as everyone knows, the western and
Canadian markets are frequently
. cents above this price. In conse-
quence of this condition, the To-
nopah companies are enabled to
take advantage of the rapidly ris-
ing market for the metal, and the
Extension. which is reported to
have contracts calling for the sale
of its silver product at a little high
err price than the prevailing rates at
the time of consignment and re-
ceipt. is able to take full advantage
of the enhanced prices.
There was no interruption to the
work of cutting the station on the
16S0-foot level, after the water had
been lowered to a sufficient depth
below it in the previous week. The
station, as announced in a former
issue will be a double one, the i'm
mense compartments being cut now
both to the north and to the south
of the shaft.
With everything going smoothly,
the stations should be completed
within a short time, and then the
company will be in a position to
prosecute its plans for the lateral
development of its property at this
great depth; and success in the un-
dertaking means hat Tonopah En-
tension will again monopolize the
limelight in the mining world.
Aside from the station work in
the Victor territory. the report con-
IS the usual interesting features,
both as regards development and
of ore continue to come from the
No. 9 and the Victor sections,
while the footage record for the
which was 166, signifies that
the development work has been
pushed forward at the average
speed.
TOnOpah-BelmOnt
What is perhaps the biggest ship
ment sent out from the Tonopah
Belmont Development company's
mills for years was forwarded dur
ing the early days of the present
week when the Tonopah plant,
which reduced approximately $500
tons of ore in the final period of
July, sent to the smelters 10O,91S
ounces of gold-silver bullion and 80
tons Of concentrates The en-
HANGED price of silver during the
past few days makes the combined
content of the bars easily worth
$1.05 per ounce, and the shipment
therefore, based on such rate.
should be worth approximately
$119,963.40. At the same time,
the Millers plant shipped % bars,
weighing 47,234 ounces, and %
tons of concentrates. The same
ratio being maintained at the lat
ter mill as reported at the Tonopah
plant, the Millers shipment has an
Approximate valuation of $40,
$3.50 for the bullion and $4,000
for the concentrates, making a total
of ~$59,595.7O.
: The sustained rise in silver,
which recorded a new topnotch of
SO rs on Thursday, and has con
sistently averaged around 81 for a
week or more, the highest price re-
corded for the metal since the no
torious days of '93, when silver was
finally demonetized, has been the
main contributing factor in swell
ing the earnings of the TOnopah
companies and the Belmont, which
for years has held it's record of be-
ing the largest single producer of
the district, has benefited accord
ing to its production.
The outside properties of the
company are reported to be in eX-
cellent condition. General Man
ager Bradshaw is expected to arrive
in Tonopah during the latter part
of the succeeding week, after al
extended visit to the Surf Inlet and
the Eagle-Ehawmut mines, located