The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-06-05
The following quotations for silver and foreign

Tux PRODUCTION or PRrRoLxuA
II is stated by OF tho Official journals Of the oil
reg that tho daily production Of petroleum
for the first four months OF 1875 26 158 barrels
For the time 1876 The average has been 23 l47
barrels making decline for the first four months OF
the present year OF 5000 barrels daily. The average
Of producing wells last year 49, and this
year 500, with product Of 90 barrels per we'll
against is barrels in 1874 The stock on hand in
April reported 10 be 1900 7o3 barrels, but it is said
that it would have been impossible 10 have filled
order the LIST day OF May for 100000 barrels OF
understandable oil owing TO the large percentage Of water
sediment, &c, TO be found in the tanks
MINING AND AILLIxG IL COLORADO.
During the week ending May 20 the Judd Crosby
Works shipped through the First National Bank
silver bars worth in coin $4,000 A body OF silver
ore weighing four TONS and intended for exhibition
the Centennial, raised from the Dives Nine lew
days ago. On the Wall Street Mino, called, work
proceeding favorably when sudden storm
put feet OF in tho shaft and though the said
shaft is down SO feet In good paying We still
slider the name unhappily chosen. Adits being
into tho Pay Rock assure Sherman Mountain
and good is found all the way through
the crosscus There now five steam hosting
engines this mountain. In the Baxter Mine tho
at the 100 foot level Is loot in width tho last
mill returns show $50 ounces per ton This prob
ably concentrated The Hardin vein, which has
lain idle 1862 has intersected recently by
two ads at points that show ore, according to mill
turns worth 240 ounces silver the ton. Central
City paper mentions that arcles incorporation have
been filed with County Clerk aud Recorder, of tho
Colorado State Mining Company, with deeds Tor
siderable number OF excellent properties liz this dis
trict Tho list embraces several good lodes which,
under development have proved rich and strong"
The Silver Plume Concentrating Works are kept busy
night and day rock from the Dives running twenty
four silver to the ton, eight being
traicd into one, and making ore worth about 100
ounces The matchmaking ore is disposed Of in Colo
rado while the smelling ore, carrying sixty per cont
lead, sent to Eastern markets. The local papers
abound in descriptions OF new machinery, pro-
cesses and new openings In Boulder county the
tcllurium belt has been traced far north Middle
ST. vrain where several good strikes are reported
have been made rms metal is ariousy estimated at
twenty times the value Of gold It's commercial
value has never been fixed.
THE CHICAGO, MILWAUKEE, AND ST. PAUL RAILROAD
yesterday reported earnings for 1875 and 1876 and
they compare with those OF 1874 as follows-
1874 1875 1876
Last week Of May..... ss.o l29 s2os, - sass 600
Whole mouth OF May. g6I, 920 us, 465 6i9S53
Five months TO May 81. 3595l74 2,650273 3,OS3 l15
showing an increase, us compared with 1875, OF
sS7 556 for the last week, $10l 1888 for the month of
May and S4s2, s42 for the i've months; but, com.
pared with the year 1874, the decrease is 81 La,
sl45,O nd $5l2 059, for the respective periods.
MEMORANDA
The following statement, which was published during
tho week, is without foundation :-'srhe OF the
Atlantic and Pacific Railroad Company that
the July coupons will not be paid the 81 1885, 500
issued under the mortgage of July 1868, and
known the South Pacific first mortgage bonds, which
had previously been In default"
The Lake Shore aud Michigan southern Railroad has
made q reduction in the freight rates butter and
eggs the East of about rs per cent The rates
as folows:-Chicago to Boston aud New England
points, 80 cents pcr 100 pounds; TO New York, IS
cents; 10 Philadelphia, II cents; 10 Baltimore, "a
cents and Albany and Troy, IS Tho dscrim-
inaton against the trade or New York has evidently
not yet ceased. Philadelphia and Baltimore still being
favored by lower rates articles that by
rail-
Some weeks ago We stated shat Colonel Scott, Pros
dent OF tho Texas Pacific making arrangements to
push shat road westward from Fort Worth. A PLila-
dephia despatch says that he and his friends failing
to get Congressional aid have put up 900 cash.
and will mako il 81, 000 and are contracting
for steel and rails build lao miles Of the Texas
Pacific Railroad west of Fort Worth Tho road is to be
completed thus far in August It is undc that
they Will push the road West as fast AZ possible lest
the California Pacific get ali the land grant Contracts
for all the work are to be let Immediately.
The defendants in the suit OF the New York city au-
thortics against the New England Transfer Company
to enoln the latter from running the Maryland
from Jersey City TO Mott Haven the Harlem River
for the transfer oPuman trains with thr ough passen
gers between Boston and Philadelphia, have obtained
order from Judge Donohue transferring the
the United States Circuit Court Tho purpose stated
for this is speedy trial without preju-
dice. Meantime the Mary land win continue to run.