Show CONSOLIDATED AINES ONT VONT SHIP THIS YEAR YEAH Surplus to Be Used to Build Reduction Plant at Goldfield Reno Nev ev Ma May 18 George George Wingfield Wingfield Wing Wing- field Bal said today today- In an Interview with the Nevada a Mining ws Nt-ws bureau that th the Consolidated Mines company company com coni- pany party would In every probability no not pay an arty any dividends durIng the year ear 1907 nor will any high grade lade ore be shipped to the smelters at Salt Lake Mr Ml n fiel said Id that tho the company Is going to erect Its own le reduction plant In Gol Goldfield field at a co Cost cott t of oC between an and and that the theL L I mill will vIll have havo a capacity of I from GOO coo to 1000 tons per day a Mr 11 raid mIl that the 1100 i now In iii the lrea treasuries urie of tho the subsidiary subsidiary sub sub- sl lal companies of ot which the the Gold Goldfield Gold Gold- S field Consolidated Mines company is IsS S the tho holding company compan and which Is la available for dividend purposes would be ho needed for the erection of the mill milland milland and to furnish the mines with proper equipment In the way of electric hoists of or greater horsepower than those now on iho tho ground toul which aro are absolutely esi before deep mining can cun be bo attempted Mr said further that the net nel cost to the company for Cor transportation and treatment charges es of all ore shipped to Salt Lake for smelting was isas 30 a ton ton and that with tho the company's own mill In operation this work would be at atI about 7 i a ton I Saves Sa 1 CS 2301 a u nil Day The rise maximum IHo production of the company Is lis given at 1000 tons per day and by not shipping ore oie at this time lime Wing field declares delare that there Is a net saving I of a da day clay which will be lie to 10 the stockholders as soon SOOim as the mills are arc in operation orthe on or the ground Mr l estimates the time avera average value of the thu ores now nov blocked out In tho the workings of or the tin various properties controlled h by th the lie merger at 10 10 a ton The fact tact that no dividends will b lie hc declared this year and that no serum serum- I shipments will bu ho mado made to th time the I Is accepted here as a bear argument and amid It I is believed c that thai th the tho downward movement on tho the exchanges exchange es I of Goldfield Consolidated shares ha has haB b by no means yet reached bottom an and that tho the decline will continue On th the theother theother other hand th the view Is 18 wI widely cly enter enter- tamed in Goldfield and Reno that a os as soon as the public understands th the reason for fOl the lie decline In Con Consolidated the downward movement of this stock will ivill cease to affect th the theother other uther Goldfield I Issues ues which were no not Included In the thc merger merser and that the latter will ivill steady themselves i I I i |