The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-10-06
TONOPAH DEVELOPMENTS
SET FORTH IN REPORTS

nopah Extension $3.50 tons, the Jim
Butler $50 tons, the West End 1895
tons, the Rescue 127 tons, and the
Midway Is tons, making the total
production for the week 9519 tons,
the estimated value being $166,5S2.
This valuation is calculated on the
gross milling value of the ore.
Notices are now being published
by the Tonopah Mining company,
following its usual custom, to the
effect that the board of directors,
at it's regular monthly meeting held
in Philadelphia on September 10th,
had declared the usual quarterly
dividend of fifteen per cent OF each
share of stock issued and outstand-
ing. The dividend is payable on
October goth to stockholders of
record on September Goth, transfer
books closing on September goth
and reopening a week later.
When this, the 18th dividend de-
clared by the Tonopah Mining COM
pany. shall have been paid, it will
make the total disbursement to it's
stockholders amount to ~$14,200,-
o0o, not including the sum of
s3S0.555.51 repaid to the original
the corporation, which sum repre-
sents the original investment in the
mine plus interest. The preferred
stool: was retired in February,
1905.
Thirty bars of gold-silver bullion
we're shipped on Saturday last by
the Desert Power & Mill company,
operating the mill at Millers for
the reduction of it's ores. Upon
this shipment there has been placed
by the company a valuation of SOL
500. The consignment was the re
suit of the cleanup for the first
fornightly period in September.
The report of mill operations for
the week ending Sept. 22nd. shows
that an average of II stamps were
kept dropping and that 2219 tons
of ore, of the average value of
$1,000 were put through the mill.
The company's plans for the
more intensive development of the
r'ipc in Tonopah are rapidly as
suming greater proportions, illus
trated by the increases shown in re-
cent successive weeks. AS COM
pared with the S3 feet of under
ground work reformed during the
week ending September Sth, and
ISL in the following week. the pre-
sent report, showing a total of 244
feet Of new ground to have been
broken in the weekly period ended
September 22nd. is a great improve
ment over the preceding ones.
In accounting for the total foot
age shown by the present report,
the Silver Top workings are cred
tied with 1919 feet, the Mizpah
claim 10 feet, and in the Sandgrass,
where work was resumed shortly
after the issuance of last weeks re-
"r' there was - tett OF develop
ment work performed, or a total of
PA feet.
TOnOpah Extension
Mining operations at the Tono-
pah Extension Mining company
continue to show increases in foot
ages made in the consecutive week
ly periods, the development for the
pest week having exce-ded that of
the previous week by 16 feet. The
greater portion of the work was
performed in the Victor section of
the mine, at whose working faces a
total distance of 144 feet was made
since last weeks report was is
sued. The balance of the work, 115
feet, vas performed in the No. 2
workings, and the aggregate foot
age of the week vas 259.
All the levels in the No. 2 shaft,
except the extreme upper level and
the 75O-foot level were the scenes
OF active operations, either in the
way of stopping or in carrying for
ward development and exploration
work. The workings on the three
levels in the Victor territory also
we're pushed ahead vigorously, the
greatest amount of work on any
level being at the extreme bottom
lateral from the Victor shaft,
where the south cross-cut is being
Iun to intersect the Extension
series of veins, the immediate OBJ
ject of the cross-cut being to cut
the downward extension of the Mer-
ger vein at the 16SO-foot depth. In
this cross-cut, 60 feet of advance
was registered, bringing the face of
crocS-cut that much closer To the
point where the vein is expected to
occur. Three workings were car
ried ahead on the 1540-foot level,
and two on the 144O.
The stopping operations were pro-
ductive of the usual tonnages,
which were sent to the mill for
treatment.
TOnOpah-BelmOnt
How the Tonopah Belmont De-