New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-02-08

Al bcfprc fS0a to&.S~~ VIZ s-~
ersbursh snd Baltimore road.
A telesraphic dispatch says: The Pennsyl.
vsnia Railroad compsny held their annual meeting
this morning Resolutions were adopted 10 subscribe
$4,000 to theMsrieta and Cincinnati Railroads sice
600 to theSrringfeld and Pittsburgh Company; and
$4,000 to the Ohio and Indiana Company
Wenotice good deal Of activity in the mining
circles In the opening and developing of new deposs
Of the mineral treasures Of this country Thcsc 10 -
good that the millions Of dollars now annually
paid foreign countries lead copper zinc &C.
should not be paid n our citizens. aud needs
but the devotion Of capital and labor unlimited
deposits Of minerals to produce this change. Capital h.
we are glad to see becoming daily more abundant 10
this branch Of industry and capitalists fast regain
ing their confidence in mining enterprises, which was
thoroughly overthrow by the Disastrous spsculsons
ofis45. The accounts from the various mines which
are now being worked partly by New York capital are
generally favorable The last Lake Superior mail did
not bring any letters from the ontonsgon, but the
latest accounts speak Of good Developments being
made at nearly all the mines. From Keewansw Point
we have letters from which we make the annexed en-
tracts
Cliff Nine continues to produce masses of nearly pure
copper Il from one 10 eighty runs. The miners arc
now emoyed IN cutting up one msss shat over three
$4,000 per month
In the Hin Mine, we have two masses OF pure copper.
each exposed than 20 feet in Depth aud RON
10 80 inches thick We know nothing OF their length,
except that they each extend into the country on the
course Of the vein, each way from tho shss In the
Ad 400 feet north Of these masses we have an excel.
lent lode In the 10 fahom level the lode IL 5,a feet
wide Ia the Copper Falls Mine have vein 2ia feet
wide, large mass, aud the entire vein thoroughly
filed with native copper.
Dana Nine looks well The ten fsfhom level pro.
duces small pieces. barrel and stamp copper.
North Western Mine is producing more mass copper
than has at any previous time, and large amount OF
barrel and stamp copper
Native Copper Mine hN produced several tuns D
small mass barrel and stamp copper.
Isle Royale Nine of Portage Lake, continues 10 pro.
duce masses from l. 800 pounds downward
A. tho Northwest Mine they are opening and extend'
ing their work. preparatory TO extensive operations
large amount OF copper viii be ready tor shipment II
south ca Mine the southern part Of the celebrated
Clih Mine, and promises 10 equal u In product
Some eight or ten mines have recently been opened
on Lake Superior mostly with New York capital, alof
which arc very promising From the "ssn Augustine"
Cuba thesppearauce indicates OF the best mines
on that lslapd new mine the San Antonio" hasre-
Gently been taken up by the American Mining Company.
and promises 10 be very valuable. From the war.
wick" the accounts are favorable Tho machine
~ IL turning out richer ore and the shait which Is now
being sunk has come was anticipated, upon ore rcn
enough In copper TO market without crushing Tho
"Iancas,er' does not make much OF show, but tho
Getty sburg'is looking much more promising The
"Blar" and " Elizabeth under the 0coce Company.
continues meet the expectations OF the managers.
The mine master Of the Blair was In town the past
week. end speaks In the most encouraging man.
ner of the show The Ocoee have recently &C.
CURED very promising silver location In Cansdn.
Tho oxploI atoms indicate very valuable To-
posts. This Company has also taken Up .
gold and copper location in North Carolina, from
which the reports are highly encouraging The penn
sylvania Zinc" looks favorable. The Company have
about eco tpns OF the surface with fine shsw Of
vein and have received 36 bbls. of the iastweek
for experiments here. The "Norih Carolina Copper"
appears to be one Of the richest that has been dis
covered In this country and it, friends predict that 10
will prove valuable the celebrated Burra Burra
Mine of Australia. The manager reports that ouch
miner get out tun per day Of yellow suphuret Of
Copper, worth sl20 per tun. The Company have been
at work about two months and about $50
tuns Of which about $50 tuns have been shipped and
portions have arrived here. The stock has advanced
within week or two from IS to sll per share. Tho
Capital stock Ia 81 100000. shares 10000 Tho "Ul-
ster' continues to look well old drift ha, recently
been opened which found DO 40 feet Ia LENGTH
ou, OF which much had been taken. The Ulster
has recently been organized a. Company under the
General Law. Mr. Jas 7. Hodge, the Geolosist has
been elected President, and Mr. j. r. Butterworth So
cretnry The accounts from the Morris" Of tho
Keystone miner, are very encouraging The third
Monthly report OF the Great Northern Lead" has
been made from which make ths annexed extracts.
Ia three nonths and half we have erected twenty
three new buldiDgs some OF them quits large. We
have repaired oDd made good for use, nine the
cost OF all Tut 5000 We have ere ted two steam
H.aaa
Gus other machinery, at a cost Of but ss92L We havo
completed, csesd down, and made good seven shafr,
in all G92 fest In engih and have made good go
feet OF lfvels. We have expended la mining UNDER
ground sss money than we bwe ore raised, although
have not broken any but whst was IA osr way. Wo
have only delayed in sending tho 10th ~ this month,
eco pigs II lead 10 market by the rrdlroad keeping
back crushing machinery everything else being In
readiness particularly the furnaces and dressing house.
with 400 TINS raw GRE 10 the ore house
In the opsniDgs have yet inspected the ground va.
RES fron slO0 70 500 per fahorn - folows Ia tho
adj, driving the lode il worth $50 per fsthom,
the 10 sh0tn level west e200 per fahom the rest Of
the mine west below that level $50 per fon on the
average along the lotion far rs seen, rate II for
800 feet from 500 10 500 per fshom. On the east
side oil the end 100 feet high averages soO 70 $40 per
l6ibom at the Union mine the lode In the ~ feet ey.i
east l. Oit $50 per isfhofn level west, 500
per stllom the SHAFT east u worth ESQ per nfhom.
The engine C0ns- shait worth 600 per fathoms
the average Of tie stOps In all this mine, 500 per Ia
tom. The sdit lsvei coming west Is no" worm wv
per iathCm
We shslI not regret soy be able 70 link the main
engine SHAFT CCsl Hi mine for four weeks, owing
10 The necessity OF charging the saat the iods Ia the
bo,fon Of the shaft 10 four feet wide presenings most
beautiful appearance rich In book lead sndb think
coming Dc wn upon leader o. sod ore, the came which
va. 40 IN the section before ~ suspension
Tlare hss been employed, during the psst month In
thess ires three sits fourteen carper sers, two
cnesrs one pi;msn forfy-eghs miners fty four labor.
ers--ln ID, one hundred andtwen'yt-o.
The Company win probably hare 1000 pigs lead st
rnsrket early in tae next month
Satisfactory accounts are received from the Mining
Engineer Of the New Greek Company, who writes
that The quality Of the coal improves the openings
extend into the mourtsin. Good progress Ia being
made In the ereciSn Of additional houses for he
miners. The dumping houses and shuses arc about
ready, AID az the completion Of the turnout
connecting IL with the Baltimore and Ohio Railroad