The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-10-27
DEVELOPMENTS
SET FORTH IN REPORTS

II AOACPoh INN 80
shown by the above returns for Sep
TENDER, made a net profit from its
local operations of $4,000, result
ing from the treatment of $500 tons
of ore of the average value of $12.70.
During the month there were 1907
O10 unces of gold and silver bull
lion, having a value of $115,45O,
shipped from the milling plant at
Millers.
Thes. figures compare with the
previous month as follows: Dry
tons milled, 1888; average value per
ton, $15.70; ounces of gold and sill
yer bullion shipped, 9S.S0O, with an
aggregate value of $116,250; re-
sulting in a net profit of $4,000.
1t will be noticed that a consider
able increase in the tonnage put
through the mill is reported in Sep
TENDER, as compared with the month
of August. amounting to nearly
1000 tons. This is due to the fact
that the company. during the time
that silver was climbing to its high
price OF above 81 per ounce. endeav-
ored to put through the mill the
greatest possible tonnage of ore
that would pay a profit on mining,
handling. transportation and treat
ment, and though the net earnings
showed a decline. this was undoubt-
edly due to the higher costs for la
Dor and other items.
The recent raise granted to the
miners and millmen in the Tonopah
district increased the costs per ton of
ore produced by the mines of the
camp to a considerable degree.
Notwithstanding the fact that the
earnings have been considerably less
during recent months than in CORE
spending periods in previous years,
the company is in such fine condi-
ton financially hat 1t is well able
to maintain it's dividend rate at the
usual figure, namely, Is per cent
per quarter. The last dividend de-
clared. No. 40, for $15O,OOO. is
payable today, with which disburse-
ment the company will have re-
turned to it's stockholders the mag
nificent sum of $14,2OO,0 600.
West End Cons.
The latest development in the
West End Consolidated Mining
company, on the new vein discovered
last spring, bids fair to equal in
size, value and general impressive
ness some of the famous producing
orebodies of the Tonopah district,
such as the Mizpah vein, the Belmont
vein and the Murray vein. Readers
of the Miner, who have followed the
course of progress on the new dis
covery as narrated in the successive
weekly reports, cannot possibly over
estimate the Importance of the de-
velopment that is under way et pres
ent, and has been proceeding rapidly
and successfully since the vein was
first encountered in raises east CT
the shaft last April.
Monarch Pittsburgh
Satisfactory progress is being
made in the SIS raise of the Mob
arch Pittsburgh, which is being sent
up on the vein from the $50 level.
During the week the vein widened
to a distance of eight feet. Average
samples taken across a width of six
feet gave returns of ST. and $29 re-
spectively.
MacNamara Mine
The recent encountering of high
grade ore in the most easterly por-
ton of the new West End vein, on
it's dip away from the fault that
lies a short distance east of the
shaft in the Ohio ground affords the
greatest satisfaction to the MacNa-
mara Mining company. 1t is under
stood that the most easterly work
ings in the California claim have
penetrated to within about IS feet
of the MacNamara line, and mas
much as the vein at such a distance
has demonstrated extraordinarily
high grade ore to exist, and shows
such appearances of tremendous
strength, there is every reason to
indulge in the belief hat the vein
will continue until it has passed
through the line separating the two
companies and will be picked up in
future operations of the MacNamara
company.
Jim Butler Mine
The banner month of the Jim But
Ter Mining company, with relation to