The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-08-25

w. s., Milwaukee, Wis. - The
Nevada Cooperative Mining COM
pany is developing its property,
known as the Nevada Empress
mine, situated in the Gold Noun
tain mining district, south of Gold
field. The property is regarded
as one of substantial merit and a
large tonnage of good milling ore
has been placed in sight. 1t re-
quires much time to develop a pro-
perty of this character to the pro-
ducing state, as the ore is not suf-
ficiently rich to bear the heavy
cost of transportation to distant re-
duction plants and the only way of
making 1t productive, on a profit
earning basis. is to treat the ore on
the ground. Work is going for
ward steadily, just at present in
barren territory, where a cross-cut
is being extended to pick up the
is no reason to doubt that the ore
is continuous in this immediate ter
ritory. Pay ore has been exposed
throughout the vein, though of no
great width, for a long distance and
this product a be mined and
treated at low cost. The manage
ment wisely is following the plan
of developing its ore before provid-
ing reduction facilities.
A. j. H., Decatur, Wls.-The COM
panies of which you inquire are not
known here and 1t is impossible to
secur any reliable information here
regarding their activities. The best
mea of securing this information
would be to write to the Chamber
of Commerce at Colorado Springs,
Colo, or perhaps better still, write
to the editor of the Cripple Creek
Times. who is regarded as the best
and most reliable authority in
Colorado on matters of this nature.
The Denver Mining Record also con
ducts a department of Information
on mining companies which You
may find useful in this matter.
w. T.. s., Cleveland, O.-Stock-
holders of the Goldfield ORC com
pany have no cause for complaint
against the conduct of the com
pany's affairs. The company has
been financed by a few men who
are not rich and who have spent
times when in order to raise such
funds they were compelled to &C.
cept stock at an exceedingly low
figure. The work of the company
has been in the most capable hands
and It's operations have been carried
on with the highest degree of
economy. Plans for the further
financing of development work have
been under consideration for some
time past. but have met with OBJ
stacles which, it is certain, the min
,rity stockholders cannot fully ap-
precite. There are many Difficult
ties ALSO in changing a company OF
this character to an assessable
company as the control is held by
a holding corporation, the New
IOIh wv, anu Will IIC sc tdDi-
talization a reorganization Of this
nature. under present unstable bust
ness conditions, is hardly to be con
templatedt
X. Y. H., Sacramento, Cal.,-The
market action of Great Bend stock
is difficult to explain, excepting by
calling attention to the fact that
all precious metal mine shares are
at a low ebb and there is practically
no trading in them to sustain mar
ket prices. In the eastern exchan-
ges nearly all trading for some time
past has been in oils and the trad
ing in metal shares is admittedly
altogether professional, with short
interests in most of the western
metals. In addition. this is always
the quiet season in the mining share
markets. 1t cannot be denied that
under normal market conditions
Great Bend would be selling at
several times the current quotation,
For reply to Nevada Empress, see
ncma IN wv G ah1uo