davidaulloa/AmericanStories huggingface dataset:
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-07-13
KEMANAS RESUMES
WORK IN TWO
SECTIONS
OPERATIONS IN GREAT VEIN
REACH POINT OF IN
TEREST

Development work is again in
progress and making good headway
in the deep workings of the Reor-
ganized Kewanas company's prop
erty. both in the northern and south
ern sections, and at both points the
work is approaching the stage where
results of interest may be expected
shortly. In the northern area, at a
point about 500 feet north of the
main working station, cross-cut
is being advanced to the west from
the main drift and has been pro-
crossing in the quartz of the shale
contact zone for a considerable dis
tance.
This cross-cut has shown that the
block fault, which has depressed the
shale in the territory west of the
main drift, is of considerable extent
and the conditions created by the
fault open important possibilities
for the finding of large bodies of
ore IN this territory, possibly ex-
tending to depth greater than that
of the cross-cut The shale itself,
dipping to the east, has not yet been
exposed by the cross-cut, and as the
best orebodies of the contact zone
are usually found near or immedi-
ately upon the shale, the further ad-
vance of this work will be watched
with great interest.
East of the big fault and directly
in line with the dip of the shale
from this cross-cut, ore of excellent
grade was exposed at several points
in earlier development work on the
same level and some ore of high
grade was shipped to the smelter
for treatment. Distance from the
collar of the shaft and the difficulty
of stfpplyiAg sa<iequase fresh air I'm
these workings impeded progress to
some extent, but it is probable that
connection will be made in the near
future with the newly completed
shaft of the Grandma company, near
the eastern boundary of the Ke-
wana, when the development of this
territory will be greatly facilitated.
In the southern part of the Ke-
wanas property work is now being
pushed forward to explore the main
vein near the foot-wall side, where
Continued on Page Eight
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-07-13
MINES IN DIVIDE DISTRICT
SINKING TO EXPLORE
VE|NSAT DEPTH

The development for the past
week at the Divide district is not
very spectacular, but evidences con-
fidence of the soundest kind by the
operators in the future of the mines
in that district.
The Tonopah Divide shaft has
reached it's objective depth of $50
feet, and Superintendent Waters re-
ports excellent headway in the cut
ting of the station. When this work
is completed, which should be with
in the coming week, cross-cut to
the southwest will be started, for
the purpose of picking up the down.
ward extension of the big vein
which was developed on the two
levels above.
1t is estimated that the crOss-cut
should intersect the orebody at a
distance of about 14O feet. Need
less to say that Developments on
this level will mean a great deal to
the Divide property, and will be
closely watched.
The Gold Zone is making good
headway on the eastward extension
of the Divide ledge, and the char
acter of the rock in the face of the
drift is most encouraging. This
drift is going west, and will be con-
tinued until the Gold Zone-Divide
common line is reached.
The Tonopah Dividend, in place
of cutting a station and crosscut-
ting at the 250-foot point, will con-
tinue on down until the shaft
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-07-13
REVIEW Of mining OPERATIONS IN GOLDFIELD DISTRICT

indications that all the men requir-
ed will soon be available and the
men will work under the contract
or bonus system, by which they
are guaranteed the established wage
and can make additional money by
exceeding a certain minimum of
work daily. The mill has continued
to operate, treating some low-grade
ore in addition to a large tonnage
of mill failing.
Atlanta Mines Co.
Plans for the reorganization of
the Atlanta company, under the
name of the Reorganized Atlanta
Mines company, are now being car
ried out and the stockholders have
been notified of this action in an
exhaustive statement by A. H.
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-07-13

reaches a depth of 280 feet, when
ting commenced. The management
expresses itself as more than plased
with the indications shown in the
shaft as sinking has progressed.
1t is reported that the formation
through which the shaft is passing
Is identical with that cut in the
shaft of the Tonopah Divide. If all
signs don't fail the Dividend will
have something of special interest
to report before many weeks.
1t is evident that the Tonopah
East Divide is preparing for extern
sive mining, as they have contracted
for a very complete electric equip
ment that will enable the company
to sink a considerable depth with
out enlarging it's plant. AS soon as
the machinery is installed sinking
operations will be commenced.
The Gold Reef shaft is down 60
rect, but this work had to be dis
continued temporarily, pending the
erection of a gallows-frame, which
was recently purchased from the
Jim Butler Mining company. Now
that the gallows-frame has been set
up on the property, and everything
is in readiness, sinking of the shaft
to greater depth will be commenced
Immediately
While no detailed reports have
been received from the Hasbrouck
lately, 1t is understood that active
work is going on at this property.
-Tonopah Miner.
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-07-13

tary McAdoo has been quoted as
saying that the United States gov
ernment now realized the necessity
for securing all the gold possible
to sustain the nations credit dur
ing the war. Gold is now practical
ly at a premium in European coun-
tries and well-informed men believe
similar condition will prevail in
this country before long.
GOldfield Consolidated
Operations in the mines of the
Consolidated company are again ap-
preaching a normal basis, with the
return to their old jobs of a num-
ber of the best miners who walked
out short time ago, after their
demand for a flat raise in the wage
scale had been denied. There are
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-07-13

Operations were resumed with
complete crew on the property of
the Red Hill Florence Mining COM
pany Tuesday the men returning to
work under the contract and bonus
system, after reaching an agree
ment with General Manager j. B.
Kendall All of the former employees
of the company returned, with the
exception of two, who are now out
of town but who will return at
once, having sent requests that
their old places be held for them.
A number of men have resumed
their places in the mines of the
Goldfield Consolidated, working
under the bonus system, which was
offered the men by Manager E. A.
Julian at the time of the walkout.
1t is said that many of the men
now find this arrangement very
much to their liking and that the
company will soon have an ample
supply of competent labor.
Work on the Grandma, Great
Bend and Silver Pick properties
has not been interrupted and there
are now good prospects that all the
active companies will soon be oper-
ating with complete forces of men.
With production of shipping ore
that has yielded the company sub
stantial profit since the discovery of
its rich orebody on the 100000.
level, the Red Hill Florence mirs is
now in excellent condition with pay
orc in sight on three main levels
and at intermediate points, and
there is now a good prospect for
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-07-13

Interruption to mining operations
in the Goldfield district as a result
Of the recent temporary suspension
of work by a number of the miners
apparently is destined to be negli-
gible in its effects, as large num-
ber of the men already have re-
turned to their places and there are
now good prospects for the mines
securing all the labor required to
continue operations under the exist
ing curtailed scope of development.
ing under the contract or bonus
system, offered them by Manager
Julian of the Consolidated Mines
company at the time when they
quit work. There has been no flat
advance in the wage scale, but
under the bonus system the miner
who delivers a good days work is
enabled to make more than the es-
tablished wage and the system ap
pears to be meeting with the ap-
proval of the mine employees gen.
orally.
In some mines, where a higher
wage scale prevails or where the
pay is higher for shaft work, there
has been no interruption to the
regular work of the companies. This
work, at a number of points, is ap
preaching the stage where results
of the first Importance may be ex-
pected at any time, particularly in
the deeper workings.
Preparations are being made for
an expansion in the scope of work
ON several properties as soon as con-
ditions become favorable for carry
ing out such plans. Mining men
generally are convinced that the
government will shortly take some
step, as indicated in statements
made by government officials, to
extend aid to the gold mining in
QuStry, In OrQer TO StlmuIaCe the
production of gold.
1t is realized that the purchasing
power of gold has decreased in
great measure, while the costs of
operations and of mining supplies
have mounted to such an extent that
only hi1h-grade producers can oper-
ate without sustaining loss. Sew
eral incidents of late have caused
mining men to believe that govern
ment action is impending and they
feel that such action, whatever form
it may take, is destined to exert a
beneficial effect on Goldfield and
other gold mining districts.
Gold producers of California have
been summoned by Ray Baker, di-
rector of mints, to meet in San
Francisco to discuss means of stim-
ulating gold production, and Secre-
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-07-13

continuous from the outcrop of the
quartz mass on the Combination to
our present lowest workings. The
enormous deposition of values in
presupposes the existence of bodies
of ore at the source of the enrich
ment, and this theory or supposition
is borne out by the experience of
other mining districts as we'll as
by the fact that in all the explora-
tory operations of the Atlanta good
and encouraging values have been
consistently observed.
1t is not considered necessary to
review in detail in this statement
the nature of the company's ex-
ploratory work, since full informa-
tion in respect thereto has been i'm
parted in our reports of 1913, 1914,
1915, 1916, 1917 and 1918.
1t Is, however, necessary and de-
sirable to allude briefly to past at
tempts to finance the operations OF
the company. When the present
management assumed the direction
of the company's affairs in 1912
the company was without financial
resources. At that time the capi-
talization of the company was in
creased to five million shares and
a fund of 100000 for development
was raised by the sale of stock. No
other public attempt to finance the
operations of the company has TAX
en- place.
The fund thus raised became ex-
hausted several years ago. Subse-
quently, at times. the company has
accumulated large Indebtedness,
hich Indebtedness has been carried
by an individual stockholder. From
time to time sales of treasury stock
have occurred resulting in the re-
duction or Obliteration of the in
debtedness. At the present time
the Indebtedness of the company is
$37,50O.
Stockholders who have attentive
ly perused this companys numerous
annual reports and the financial
statements embodied therein have
observed that the executive officers
of the company have at all times
served without compensation. The
company's overhead expense has
been absurdly low.
Two things are now apparent to
your management:
First, the mining possibilities in
the Atlanta, possibilities fraught
with enormous consequence to the
company and the district, are such
that they cannot be ignored. A
management which should abandon
operations at this juncture without
exhausting every possible resource
to demonstrate the known pOssibili-
ties would be entitled to severe con-
demnation.
Second, different, more effec-
tive and a more frank method of
financing these important opera
tions must be devised Obviously 1t
is not fair, or effective, that any
single individual should carry the
entire burden of so extensive an
operation. All stockholders are in
terested in the work in proportion
to their ownership of the stock and
should share in the burden in that
proportion, if they choose to do so;
CONTINUED on Page Eight)
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-07-13
ATLANTA Mines COMPANY
IS NOW UNDERGOING
REORGANIZATION

Notices are being mailed to stock
holders of the Atlanta Mines COM
pany, apprising them of reorgani-
zation plans that are now being car
ried out with view to placing the
company on the assessable basis,
in order that the burden of operat-
ing expense may be properly dis
tributed and development work car
ried forward without interruption.
The statement to stockholders,
signed by A. H. Howe, secretary and
treasurer of the company, includes
a favorable report on mine condi
tions and is as follows:
The directors of this company
desire to submit to it's stockholders
a statement of the conditions sur
rounding the company's operations
and a plan which has been deter
mined upon whereby those opera
tions may be better and more sue
cessfully prosecuted.
In order that these matters may
be intelligently viewed, it is neces-
sary that stockholders shall thor
oughly comprehend the direction
and purpose of the company's past
activities. To insure this, an un-
derstanding should be had of the
general geology of the producing
area of the Goldfield mining dis
trict.
Roughly, the ore occurrences in
this district have been found in a
quartz mass which has been de-
veloped in the properties of the
Florence Goldfield Mining company,
the Goldfield Consolidated Mines
company, the Jumbo Extension Min
ing company and other properties
adjacent thereto. The last and
deepest production of magnitude
in this quartz mass occurred on the
deep levels of the Grizzly Bear
claim, in the Jumbo group.
1t is significant that this develop
ment occurred in vein passing pal
pably into the Atlanta group, and
from which the Atlanta itself has
already produced and shipped to
smelters 37O1 dry tons of a gross
value of $54,644.9S. Upon the
hope that repetition. of the ore
occurrences in this vein would be
found at greater depth in the At
lanta group has been predicated the
very extensive and costly develop
ments in your property.
Generally speaking, thus far in
the developments of the camp the
latite-shale contact has marked the
limits of ore occurrences, but it is
the conviction of geologists and
mining experts that these ore oc-
currences will continue to greater
depth, for the reason that they have
already been found ON the latte
shale contact at other points in the
camp. 1t is undoubtedly true that
somewhere along the latite-shale
contact fissure or break exists in
the contact through which have
flowed the solutions deposited in
the quartz mass above in the form
of high metallic values.
1t is further believed that ex-
ploration at depth along the line of
the fissure, which is known to
exist in the Atlanta group, will re-
suit in the probable discovery of
large bodies of commercial ore,
since the ore occurrences have been
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-07-13

Howe, secretary and treasurer of
the company, with a report on mine
conditions showing that the property
is in excellent conditions and that
further development on a broad
scale is amply justified. The au-
thorized capitalization of the new
company is 100000 shares, of a
par value of 20 cents per share,
and stock of the old company will
be received in exchange for that of
the new corporation, share for
share, until Aug. "a, upon payment
of an exchange bonus of one cent
per share. The directors of the
company are still convinced that
the property contains most import
ant possibilities for making great
mine with further development at
depth.
Red Hill Florence
Work has been resumed on the
usual scale, after partial shut
down, following the walkout OF
miners throughout the district. All
the former crews are back at their
places and development work is be-
ing carried forward on broad
scale on three main levels and in
raises and wines. The company
has already shipped considerable
quantity of high-grade ore and more
of this material is in sight in the
mine workings. Manager j. b.
Kendall states that the mine is in
excellent conditions, with pay ore
showing at a number of points, and
there are good prospects for the
production of substantial tonnage
of shipping ore, in addition to guam
titles of mill ore.
Grandma Consolidated
The deep shaft of the Grandma,
one of the best and most substan-
TALLY timbered in the district, has
reached a depth of over $40 feet,
where it is below the surface ofNthe
shale, and cross-cuts are being ex-
tended to provide sump capacity for
the water. With this work complet-
ed, the plan of development prepar-
ed by Consulting Engineer j. X.
Turner will be carried forward and
drifts will be extended along the
stale contact zone in two directions,
in order to explore the contact for
an orebody The prospects for find
ing ore in commercial quantity here
are generally regarded as bright.
Reorganized Kewanas
Development work is to be carried
forward in both the northern and
southern parts of the property, as
outlined by Manager Darcy, and al
ready results of an encouraging
character have been obtained in the
work started some time ago on the
Continued on Page Eight)
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-02-17
GENERAL MOTORS TO
SHOW ABOVE $50
FOR COMMON STOCK

BOSTON, Feb 16.-Since its ex-
pansion in capital and change in
corporate domicile from New Jer-
sey TO Delaware, General Motors has
changed its fiscal year from July 81
to the calendar year.
General Motors corporation will
make its first report early in March
and by reason of the change in pc
Rod reported will make an even
handsomer showing than for the old
July 81 twelvemonth.
1t is understood that sales for
1917 were in excess of 20%OOO cars
and undivided profits were approx
mately s33,5OO.OOO before adjust
ment of all war taxes. Thus. the
balance for the common stock was
between $50 and $40 a share
As illustrating the same evolu-
ton with General Motors that has
ben proceeding steadily in the auto
mobile industry at large it is inter
esting TO note that two companies.
Buick and Oakland, accounted for
1916 cars last year or over so
percent Of the entire production.
Less than eight years ago. when
General Motors was making its first
big bid for public financial support
through the S15.0OO.OOO note sale.
its energies were difused among u
separate companies. viz: Cadillac
Buick, Oldsmobile Elmore Oak
land, Cartercar, Rainier. Welch,
Welch- Detroit, Rapid Truck. Re
lance truck and Randolph truck.
OF all .hese only four survive in
name. Cadillac, Buick. Oakland,
OldsmObile, while the General Mo
tors Truck CO. represent the con
Centrated truck business.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-02-17
COMMERCIAL
MARKET PROSPECT
BY FINANCIAL EDITOR
By the Financial Editor.

The buying in the last week in the
railroad list has been of such a
character as TO show plainly that in
vestment buying is going on. on this
one phase there is plenty Of evi-
dence that confidence in securities
is returning and the big interests
who sold short in 1917 are having
their troubles covering without
causing startling advances such as
we witnessed in General Motors. due
TO stocks being held by investors
who cannot be shaken out.
There are more stocks in this
country today than ever before: we
have been buyers Of foreign held
securities since the war started.
there is but one answer, stocks are
still cheap. they will move steadily
upward buy good stocks, pay for
them and you will be one OF the
investors that got in on the ground
floor"
Among the good stocks are, Ana
conda, Canadian Pacific, c. & O.,
Corn Products. Kennecott, Chile
Copper, Southern Pacific. Studeba-
ker. Steel, Wilson. apd WHY'S Over
land There are many others but
stocks OF this class are safe.
The evening edition OF this paper
carries a full account OF the stock
market Read our evening paper
for your financial news.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-02-17
STEAMER SHARES
MARKET FEATURE
Ship Stocks Active With Good
GainS-SpeCiaItieS
Strong.
Associated Press Service:

Associated Press Service:
NEW YORK. Feb. 16.-Steam-
ship shares were the outstanding
features of today's brief stock mar
ket. Marine preferred and Allan
tic gulf displaying special activity
at extreme gains of 21z and IL
points respectively.
Features Of strength among spe-
cialties were American wooden,
hide and leather common and pre-
ferred and Pacific telephone, TO
3 points advances being largely re-
tanned.
United States steel moved with
in restricted limits. but closed at
the smallest fractional gain. Rails
showed none Of their recent prom
inence. but were steady. except Ca
madam Pacific, which yielded l y
points. Sales amounted to 100000
shares.
Liberty bonds held their rally,
the 8 Us selling at 1890 to $50,
the first As at Co 10 $3.50 and
second As at g. a to 90. Inter
national bonds eased slightly. To-
tai sales (par value) aggregated
$1,95O,00O. United States bonds
Gold issues) were unchanged on
call during the week.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-02-17
SIX DAYS. TRADE
EQUALLED IN FIVE
Buyers are Alert to Growing
Shortage and Higher Prices
Says Review.

Dun's Weekly Review of Chicago
Trade. published today by r. G.
Dun & Co, says:
Higher temperatures have stimu
lated trade, while Improvement in
the fuel situation with the attend
ant expectation of fewer heatless
Mondays and knowledge of the prog
reSs being made in clearing up
transportation tangles have inspired
a more hopeful view Of the immedi-
ate future. Wholesale business is
well up to the high mark of this
time last year. while retailers re
port generally satisfactory condi-
tons, though the interior has prof
tied more than the centers from the
relaxation of winters grip. In
many middle western towns as much
business is being done in a hve-day
week as in normal six days
Dmand Exceeds Supply.
Fall buying is strong, especially
of blankets, underwear, fannels and
other lines in which increasing
shortage of supply can be forecast
with reasonable certainty. This fore
stalling demand accentuates hrmness
in markets that could not be easy
at the best. Tafetas, percales,
sheeting and cambrics have ad-
vanced. In all cotton goods price
movements reflect the fact that de-
mand exceeds supply. Government
contracts are large, much mill ca
pacity is occupied in this work and
shipments available for general dis
tribution necessarily decrease. So
the rising price of the staple no
longer is the only stiffening inhu-
ence on the market
The virtual suspension of build
ing operations is having the effect
of sOftening the market for certain
kinds of materials, notably cement
and the metal used in reinforced
concrete work Cement has been
bought recently at S2O7 a barrel,
against $3.50 at the peak of the ad-
vance last fall, and some steel at
less than the government schedule Of
fixed prices. Structural steel is not
affected in this way. however, as the
outlet for war uses is too large.
These conditions may stimulate
building somewhat, but restraining
influences are the continued advance
in lumber prices and uncertainty in
the labor situation, due to the ex-
piration of wage schedules in May.