Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1876-03-30
~} SILVER

crease. The pump worked admira
bly, when put up to eight strokes pei
minute.
Seventeen IRE cars unloatled theil
precious freight Tuesday morning
at the dumps above town, on the side
of Grizzly Hill. About twelve pei
dav are for the Bacon and Trench
the Others are for The Franklin anf
Kelsey. AT present the last namet
mill is not running.
Towering the water in the Daney
mine progresses satisfactorily. Il
averages about four feet per day
some days over six ahd others not
more than one and a half. This Is
owing to the fact of small reservoirs
finding an outlet through the shaft
which must be drained through it.
The Taylor District, in White Pine
County, sixty miles east OF Hamil-
ton, appears to be coming
to the front. In sinking
the shalt Of the "Prince''
mine, ten tons 81 ore were taken out
at depth of forty feet, and worked
at the mill $413, leaving still thirty
nine tons that will average 5000. The
shaft yields ton of ore to the foot
in sinking.
A meeting of the stockholders OF
the Kossuth company will be held
on May Sd, to consider proposition
to divide the mine into two compa-
nies-one of l,400 feet, to be called
the Kossuth, and the other of l 300
feet, to be otherwise named. Both
companies are to have los, 200 shares.
The trustees say it IS inexpedient to
work the whole mine through the
present shaft.
There are now regularly quoted in
the London market twenty.seven
mines situated on this coast. They
are mostly owned in London, and
show q good deal OF speculative ac-
tivity from time to time. OF these,
ten are set down as gold mines ex-
clusively, eleven silver. and six pro-
ducing both gold and silver. Eleven
OF these mines are situated in Cali
fornia, five in Nevada, eight in Utah
aud three in Colorado.
The Mountain Queen mine, stu
ated on the west side of White Pine
Mine, and In close proximity to the
celebrated Trench and Caroline
mines, is looking very we'll, some
rock taken from the tunnel assaying
81 300 in silver and l2 per cent. In
lead. Some of the ores taken from
this mine have been sold to the
Richmond Company, at Eureka, for
$3.50 per ton, and few tons crushed
here yielded $3.50 per ton.
The question of increasing the
number Of shares in the Daney mine
from $4,000 to lOS,O00 was voted
upon at the annual meeting of stock
holders recently. This stock sold
Friday at 81 per share, which is
$24, 900 for the whole mine and ali
its properties. 1t is supposed the
stock will bring quite as much after
the division as now, which is equa
to dividend Of 80 so share.
The cause of the recent heavy
transactions in Caledonia is now well
understood. Flood & O'Brien have
obtained absolute control of the
mine on the faith of an importan
ore development, and the friends o
the Bonanza firm have been let into
the secret and have been loading uI
heavily. 1t is believed that there il
not much of the stock LETT on tn,
market, the bulk being held heavily
for an expected big rise on merit.
George DAILY, the newly-appointet
Superintendent of the Erie Consoli
dated, called on us yesterday afte
taking possession of and thorough.
examining the mine. He says h
will let contract for sinking tn
shaft lat present only about sixt.
feet deep to depth of $50 or 80
feet, and institute such other worl
as may be necessary to place tn
mine upon its true merits. Th
stockholders may rest assured of on
thing-that work will be pushe
ahead without delay, as George is en-
ergetic and thorough in whatever h
undertakes.
The consolidation of the Imperis
group of mines has at last becOm
a certainty, and the following tabl
appears for the benefit of thos
whom it may concern. The new in
corporation was filed yesterday, an
is known as the Consolidated In
perial. The following claims CON
pose the combinations:
CLAIMS. FEET. SHARE
imperial lS3k III