The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-09-15

LdSl WtSh the lOuUpdu uiuih6
company disposed of 200, 900 ounces
of silver at a couple of cents above
the prevailing market, obtaining 80
cents on a private transaction, and
at the same approximate time a Ca
madam company sold a lot Of silver
at a higher figure. This week the
metal has risen to over sc cents per
ounce, and reports from san Fran
cisco are to the effect that at least
enc consignment has been disposed
az at an cen dollar per ounce.
Market operations in the shares of
silver producing companies compare
the conditions existing with refer
ence to such stocks, with those that
were shown by the shares of COM
panies producing other minerals and
other commodities. For instance,
though copper rose to 20, %, 80
cents and above per pound, the
stock markets did not reflect the
enhancement in value of the shares
until several months had elapsed,
"hCIs ~ hui tldt ~
ings of the copper companies were
on a stable basis, the markets re-
sponded with the upward rush that
astonished the most experienced op-
orators.
This is very likely to be the case
hibiting strength and firmness, have
not acted responsibility to the tre-
mendous demand for silver. How
ever, it is gradually being fixed in
the minds of traders that, since the
government has commenced to fix
prices on war commodities, the only
speculative field left is that wherein
silver is the chief product, while
investors are generally looking to
the more thar average dividends
paid by producingf silver mines as
the safest and best earning power
for their money.
The assumption therefore. is war
ranted that the next few months
will see an ever-increasing demand
for stocks of producing companies,
and a wide speculative field for
those shares representing properties
hat are in the process of develop
ment and have not yet entered the
list of producing mines.
In the absence of any reports
from the outside properties of the
Tonopah Mining company = the
Eden mine and the Santa Rita prop
nrfN in Nfanraou tho Rranknn-
ridge placers in Colorado, and the
several prospects controlled by the
company in Manitoba, Canada, it
is assumed locally that operations
are being carried on with satisfac-
ton to the parent company.
West End Cons
The ~bi-weekly shipment of bull
lion from the West End Consol-
dated Mining company vas made
on Monday last, and consisted of
81 bars, having a total weight of
50,S46 ounces. At the increased
price of silver, bullion is worth
approximately $40 per ounce, or
a total valuation of ~$55,930.60 for
the 81 bars shipped.
Mining operations continued as
usual at all three sections of the
mine. Most of the development
work was performed at the Ohio
and the dispated areas, the items
of progress being shown in the fol-
lowing report issued by the man
agement:
At the Ohio ground. on the 500
foot level, cross-cut No. 500 during
the week passed through the vein
and drift No. 525 is now being run
from the cross-cut along the vein.
Cash Boy Cons.
The Cash Boy Consolidated Min
ing company, during the past week
has devoted it's attention entirely
to the program of development of
the vein system westward from the
winze, at the ~16S0-foot level. The
results obtained from driving ahead
the drift at this depth after the
fault which interviewed last week
had been solved, are stated to be
and the work is being prosecuted
with greater vigor than ever. AS
a consequence, the regular footage
OF the mine. which in former weeks
was distributed about equally be-
tween the workings to the east of
the winze, and those to the west.
was made in the latter section of
the mine.
The North Star
The usual progress was made in
the hanging wall drift on the vein
at the 1O5O-foot level of the North
Star, its advance being made
through a m~uch-faulted country.
The cross-cut in the hanging wall
on the same level was being driven
through trachyte during the past
week but the face is now showing
considerable uuartZ. The raise