The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-05-19
T0NOPAH DEVELOPMENTS
SET FORTH IN REPORTS

short distance below the 1910 level
of the mine. and from its dip as de-
termined by the shaft passing
through it, the vein was found to
be fully IA feet in width and to
contain very good milling ore.
Tonopah Belmont
The Tonopah Belmont Develop
ment company had a very profitable
year during 1916, as is substan-
tiated by the 14th annual report,
which has just been released for
publication. The earnings increas-
ed over those of the previous year
by nearly a quarter million dol
lars,-s245, O99.99 to be exact
and this despite the fact that the
tonnages produced and treated were
smaller in 1917 than in 1916, the
respective figures being 145,O24 and
164,972. The company received
for the silver contents of its ores
an average price of 69.3 cents,
nearly Is cents per ounce higher
than was received for it's silver bull
lion in 1916. During the year
1926 fee of development work was
done at the workings served by the
Belmont shaft, none having been
performed on company account at
the Desert Queen shaft, which is
now being operated by the Jim But
Ter Tonopah Mining company un-
der special arrangement.
The dividends were maintained at
the rate established early in jan
uary, 1915, when silver was quoted
at extremely low prices and the
openings of the company were con-
s%equently reduced; and $750,017.81
was disbursed to the stockholders
during the year. All told, the COM
pany has paid out, in the way of
dividends, since the first was de-
clared in the summer of 1906, S.
76~S,044.96, which includes the 31st
dividend paid OH April End, 1917.
Cash Boy Mine
The shipment this week, aug
menting the ones that have irregu-
larly been sent out heretofore,
marks the beginning of the steady
producing career OF the Cash Boy
Consolidated Mining company. At
this present time, owing to the linz
ita.ions under which the company
is working. the shipments will be
restricted to one carload about every
five or six days; but even at this
rate, with the ore maintaining it's
average at around S25 per ton, the
Cash Boy will soon have sufficient
treasury t. allow of more extensive
development work and p.oclude the
necessity of call ng for any further
assessments, at least for many
months to come.
The last shipment, which was
made about the middle of the pre-
sent week, consisted of So tons, and
it is reported that the ore will run
between S25 and $50 per ton.
Rescue-Eula Mine
AS clearly indicative of the splen-
did developments that are rapidly
taking place in the Rescue-Eula
Mining company. the report of the
m'ne superintendent, Harry Moore,
tOHttIUlnS Tie FIOuuCIlOu VI IhO
mine during the month Of April and
the resultant profits. besides being
Of great interest, is of especial
qualification to the stockholders of
the company, who have maintained
their faith in the property even
during the long period when as
sessments had to be levied in order
to continue the work of develop
ment. That period happily ended
over a year ago, and since the time
that the Eula vein was struck the
Rescue-Eula has paid its own way,
accumulated a substantial treasury,
has declared a dividend. and now,
under the aggressive campaign of
development laid out by President
Laing and Superintendent Moore,
bids fair to become one of the big
producers of the Tonopah district.
West End Consolidated
The recent discovery in the Ohio
ground of the West End is now be-
ing developed in an aggressive man
ner, and even as yet it's extent and
possibilities have not become US
ceptible of comprehension. A series
OF raises, six in all. have been COM
pleted or are under way, for the
purpose of proving up the vein
along it's course, and some of them,
already completed through from
wall to wall, have shown the vein
to be 9 feet in width at some points.
Separated by many hundreds of
feet from the nearest West End
workings on the east, the new find
gives evidence of becoming as rich
and productive as the big vein in
the West End territory. which has
been the source of regular produc-
tinn Amounting To NYer 700 tons |