| OCR Text |
Show bKKed Twenty-five Cents a Share Declared De-clared by Company of Tonopah Camp. TOTAL ALMOST TWO MILLIONS TO DATE Fifteen Pcet New Ore Found by Prospecting on the Elcventh,LcveI. A dividend of 25 cents a share was declared de-clared by the directors of the Tonopah-Bchnont. Tonopah-Bchnont. Development company Thursday, Thurs-day, which will be paid shareholders on July 1, the books closing for the purpose of dividends on June 15. This distribution distri-bution will total $375,000, making a total since organization of 51.71S.000. Tho Tonopnh Miner, which gives weekly week-ly reviews of Tonopah mine conditions, has the following to suy regarding new work on the Belmont territory". Tho report, from tho Belmont this week, while covorlnsr all the places where work has been In progress for some timo on the different levels, contains news of much Importance regarding some of the new work recently started, especially on the 1100-foot level. For tho pasf three or four weeks we have been reporting the progress of a south crosscut front the .oust drift on the hanging wall branch. of the Belmont vein, started from a point In the drift 135 feet cast of the Tcsuro fault. The object of running this crosscut was the locating of the foot wall of the vein, which object was accomplished this week, .when at a distance of 110 feet what Is thought to be the true fool, wall was encountered. en-countered. For fully Iwenty-nvc feet immediately im-mediately before reaching this wall quartz was cut through, fifteen feet of which carries good milling values, thus adding another ore body io many already exposed and partially developed. This crosscut from wall to wall has expoped In all over ionty-fle tccl of cxccllcrt grade ore, the balance of ihe distance hejng In vein material and a horse of waste Drifting has Just been started on this new ore body, which gives every evidence evi-dence of becoming a lie;ivy producer of ore. Another point of special interest Ik found In the prospecting crosscut being sent out from Ihe east drift on the 1100-foot 1100-foot level. This crosscut has already passed through considerable quartz, but tho last few feet have exposed numerous numer-ous small stringers of quartz carrying very good values, which would Indicate the close approach of an ore body. In fact, the work now In hand at several points is full of interest and Is being watched closely by those interested in the property. In the older workings Is would be hard to expect a better general condition of affairs. With strong bodies of ore exposed ex-posed for long distances on the 900. 1000, 1100 and 1166-foot levels, and stoplng operations op-erations decidedly limited owing to Ihe large amount of ore coming from the development de-velopment work, the Belmont now occupies occu-pies a position at tho head of the list of gold and silver producers in the country. coun-try. Nevadas in San Francisco. James A. Pollock & Co., bankors and brokers, furnish the following, received received over their prlvato wire yesterday afternoon. Bid. Asked. Goldficld Columbia Mountain $ .04 S .05 Jumbo Extension 2S .29 Booth 07 St. Ives 16 Oro 04 .06 Atlanta 11 .12 Florence 1.55 Combination Fraction 07 .08 Kewanos 06 Spearhead .05 Yellow Tiger 04 ..05 Goldficld Consolidated .... 6-00 C. O. D 10 Comstock Ophlr 2.17J 2.20 Mexican 6.65, 6.70 Gould and Curry 30 .40 Consolidated Virginia 1.60 1.621 Savage 44 .45 Hale and Norcross .40 .41 Yellow Jacket 70 Belcher 95 Confldcnco 1.00 Sierra Nevada S5 .86 Exchequer .28 .20 Union 2.15 2.20 Chollar 31 .32 Potosi ii .45 Tonopah Tonopah Nevada fi.121 Montana Tonopah S5 Tonopah Extension 1.02 MacNamnra 12 .13 Midway 25 Tonopah Belmont 6.15 6.20 Tonopah North Star .13 WeBt End Consolidated ... .55 Rescue IS .19 Jim Butler 27 Bullfrog Mayflower Consolidated .. .04 .05 Manhattan Manhattan Consolidated... 03 Doxtcr 06 Other districts-Nevada districts-Nevada Hills 3.00 Pittsburg Silver Peak 70 Hailstone r 03 Round Mountain 55 Rawhldo Coalition 40 |
