The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-10-11

Total decrease. S203 DOT
There are about nine weeks Of canal navigation
left for this At the BEST but small part Of
the above deficiency be removed It is impression
that the deficiency at the close Of the will not
vary much from two hundred thousand dollars.
Some very wonderful discoveries have just been made
In the mines Of the Ulster Lead Mining Company While
sinking the shaft about twenty feet below the
face, the workmen accidently opened into horizontal
crevice from VIII ch large quantity of ~aer gushed As
the water discharged opening large enough
to admit made, and the superintendent of the
mine, Captain Rickert entered with lantern and pick
axe. discovered extending under the hill
about thirty feet In width about ten feet high that
he could not touch the top with the pick The door
covered with large boulders of the yellow suphuret
copper weighing in ms tances fully ton which had
apparently fallen from the roof aud sides The sides roof
and floor Of this entirely covered with
Of this metal. The incne towards the valley and
there Is doubt in the mind of Mr.. Hodge, the
mineralogist, that 1t is a regular vein and that the
shaft, when sunk a few feet deeper will directly
upon it, Several assures found in this cave into
which poles to the depth of fifteen feet
proving that this valuable deposit extends still further in
that direction. Some of the specimens of suphuret
of copper brought to the city from this mine Of most
astonishing richness. They can be at the compa-
ny's office. Among the most productive mining compa
MES Of Great Britain those whose mines tain both
copper and lead and the Ulster is likely to be equal to
any in the richness Of its and the extent of its sup
ply. The stock Of this company seldom seen in the
market. 1t IL held by capitalists who have desire to
part with it at prices considerably above last quotations
The ST. Lawrence Lead Mining Company making rapid
progress in their mining operations vein has been
discovered about four hundred feet from the main shaft
1t has been opened from level and found to be from
twenty to twenty -four inches wide 1t takos direction
1U;tl old VAIN md ha rka1r nnaf ad
yantsgeouy. The indications that it is very rich
in cube ore resembling much it is said the formations
of the veins OF the Great Northern Lead Company 1.
has already been found to extend more than mile, and
can run tvo miles in the direction before leaving
the companys property large gang Of miners
have been put on and hereafter the two veins will be
actively worked. engine Of twenty hose power
ready for shipment and will be the ground. The
company anticipate getting it int active operation by
work in the mines will take place during the winter
Captain Harvey, the Captain Of the mines. and Mr. Lum
the Superintendent feel confident that before the lapse Of
another year. the St. Lawrence Company will return its
stockholders large portion Of the pAidup capital in
dividends.
The State Bank Of Pennsylvania has declared a semi
annual dividend OF five per cent; the Franklin Pire In
Norristown Railroad, three per cent.
The general statement Of the financial affairs of the
Vermont Central Railroad Company, made by the Trea
surer presents the annexed exhibit of assets liabilities
&c. up to Sept l. 1852