The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-05-12

given above, but as the income and
surplus accounts of the Tonopah
Mining company and the Desert
Power and Mill company are COM
bined and the latter suffered a loss
in operating, the amount stated is
the correct figure of the total net
profits. The actual earnings of the
mining company we're $616,590.1S,
less s12,220.27, the loss sustained
by the Desert Power and Mill com
pany making $6~04,269.91.
The other features of the report
include the splendid showing of as
sets and reserve fund; a greater
profit than was the case in the pre-
H. Blackburn, superintendent of
the mine; F. II. Heydenfeldt, super
intendent of the mill at Millers, and
J.. E. Spur, vice president, the lat
ter being in reference to the costs
and values of the exploration de-
partment of the company. The
subsidiary companies of the Tono-
pah Mining copany also are report
ed upon favorably.
West End Consolidated
The West ESnd Consolidated Min
ing company has declared, at a
meeting of the directors held on
April 81, its sixth dividend of 5
cents per share. Previous disburse-
ments to the stockholders amounted
to $536,545.S0, and the present divi-
dend, which will mean the sending
of checks to the amount of $780,
5000, will bring the total dividends
paid by the West End up to $685.
97O.10.
Another big shipment of bull
lion was sem out from the West End
Consolidated mill during the week.
The bullion, which was expressed to
the smelters on Thursday, consisted
of 81 bars, weighing 57,6S2 ounces.
The present quotation for the silver
contents of the bars make the ship
ment worth in the neighborhood of
$51,913. This is even some i'm
provement over the shipment for the
first half of April, when the same
number of bars were sent out, but
the weight is a little greater, the
preceding shipment having weighed
1861 ounces. and it's value being
$51,S94.
Cash Boy Cons.
A. S. Ross, president of the Cash
Boy Consolidated Mining company,
arrived in Tonopah from Salt Lake
on Thursday for the purpose of in
speeding the recent development in
the property. Unfortunately, his
visit was made at a time when some
water prevented an examination OF
the ore showings in the bottom OF
lhc Wine, but nevertheless Mr.. Ross
expressed himself as being we'll
pleased with the work that has
been done and the results that show
fo- themselves in the lateral work
ings from the winZe above the Wa
ter level.
Work is going ahead in the faces
at the east and west drifts from the
winze, with no change in the splen-
did conditions having been shown
since the previous report was issued.
Both drifts, as they make progress,
are blocking out additional tonnaSes
OF good grade of ore, which, &C
cording to returns from the last
shipment will average about $23 to
the ten.
The mining report of the week at
the jim Butler notes the resumption
of work at n point where opera
tions had been suspended some time
ago. end the regular amount of pros
recling and development work at
other places where Operations have
been regularly carried on.
Each week sees the extension of
development plans and operations at
the North Star mine under the able
direction of Superintendent Lowe,
All the work tending toward the de-
velopment of the veins in the prop
erty is making excellent progress,
and there has been no interruption
in the shipment of ore. Some new
exploration work, in addition to that
which has heretofore been reported,
is now under way at a deeper level
than anv of the recent workings.
According to the report for the
week, the usual progress was made
on the 1875 level, both east and
west from the raise. On the west
side the drift is now in a fault that
appeared during the week. This
fault is undoubtedly the same one
that cut off the vein on the 1853.
Rescue-Eula Mine
AS a further evidence of the x
cellent condition of the Rescue mine.
and of it's productiveness, a 2R per
cent dividend on the par value of the
stock was declared at a meeting
of the directors, held May 3. The
amount of stock issued and partici-
pating in this dividend is 1920
900 shares, and the amount of money
accruing to this stock is $4,000,
in r. DatI Tnnn