Show GOLDFIELD COH CON EXPLAINS no dividends dividend nor shipments to salt lake during 1907 A recent dispatch from reno nev says george wingfield says in an interview with the nevada mining news bureau that tho the goldfield consolidated mines company would in every probability not pay any dividends ing the year 1907 nor will any high grade ore be shipped to tho the smelters shelters sm elters at salt lake mr wingfield said that the company is going to erect its own reduction plant in goldfield at a cost of between GOO 00 and and that the mill will have a of from GOO to 1000 tona tons per day he ile explained that the now in the treasuries of the subsidiary companies of which the goldfield consolidated mines company Is the holding company and which Is available tor for dividend purposes would be needed for the erection of tho the mill and to furnish the mines with proper equipment in the way of electric hoists of greater horse power than those now on the ground which are absolutely essential before deep mining can be attempted mr wingfield asserted further that the net cost to the company for transportation and treatment charges of all ore shipped to salt lake for smelting smelling sm elting was 30 per ton and that with the companas comp anys own mill in operation this work would bo be accomplished at about 7 per ton the maximum production of the company is given at 1000 tons per day and by not shipping ore at this time wingfield declares that there is a net saving of per day which will be realized to the stockholders as eoon as the mills are in operation on the ground mr wingfield Wing neld estimates the average value of the ores now blocked out in the wor workings kingA of tho the various properties controlled by the merger at 40 per ton the fact th that I 1 at no dividends will be declared this year and that thit no sensational shipments will be majc made to the smelters shelters sm elters is accepted here as a bear argument and it Is believed that the downward movement an on the exchanges of goldfield consolidated shares has by no means yet reached bottom and that the decline will continue on the other hand the view Is widely entertained in goldfield Gold flold and reno that as soon as the public understands the for tho the deell decline fie in goldfield consolidated soli dated the downward movement of this stock will cease to affect the other er goldfield issues which were vere not included in the merger and that the latter will steady themselves A case of diphtheria was discovered in the family of 0 merlin J stone 2869 grant avenue yesterday afternoon |