The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-06-12


during the past winter viii produce SOS, 900.
In Boulder county the prominent mines the
American Grand View, Osceola. Phil Sheridan, Glen
dale. New York, Nos and p Elmira, CLARA, Amazon,
Brazil Paymaster and San Antonio, all reported 10 be
producing the precious metals in quantities to pay
handsome dividcnds Blum nous coal mines
cropping out In various directions company having
been formed in Boulder county with the appropriate
name OF Newcastle. A piece OF coal weighing 10. 900
pounds has been taken out Of the Fremont county
mine, and will be sent to the Centennial The neigh
borhood Of Galena City in Hinsdale county has been
selected for Green's Smelling Works. which
OF large furnaces, blast and reverbera
tory OF nifty tons daily capacity The 0sceoa Of
the noted mines OF Sunshine, shows strong vein the
telluride belt being five feet wide between the walls,
and the reported assays showing SITS to 1855 the
ton. Tho shaft has not yet reached . depth OF 100
foet but the ore improves in value at every foot
gained. At 100 fcet drifts will DO run both ways
In the Cofax mine of the Colorado Company the
work OF clearing the shaft which was delayed for
nearly week, is now IN full progress, the design
being to send the first mill and forward the pro-
duct to New York. Mines in Gilpn county that have
long been idle being worked. under leases
and by owners Tho local papers represent
that workmen with lltte capital may 60 into
almost any Of the strong veins in this country and.
with windass and within, make more money than by
any other pursuit There ready market tor all the
produced, and poor men rapidly becoming capt
talists The present influx OF capital and popuation.
however, must change this condition OF things
and leave the aborer in position where he can
not expect more than liberal wages
RAILROAD PROGRESS.
An interesting paper has been compiled which shows
the results OF railway progress in the United States
We learn from 1t that during the year the
structcd 035 miles, against 1910 miles in 1874,
and 94S miles in 1873 In 1871 there 1870 miles
built in 1872, 6l67. In 1860 he total miles in OPERA
ton were 30,635 In 1875, 74,65S miles. The
rapdity Of railway growth is attested by the fact that
in 1868 we had in United States mile Of road to
every 9o5 persons, while have milo Of road
to every sol persons.
ONO RAILROADS.
An equally interesting statement has been made by
the Commissioner of Railroads Tor Ohio in his ninth
annual port Just issued, which, although applying
u single locality, IS suggestive with reference to the
possible changes elsewhere. We CLEAN from It the fol-
lowing facts:--
'rhere but S6s miles of track laid in Ohio last
year 125 miles less than the previous year. The tota
number of passengers carried was H. l93,94S, in
crease over the previous year or 1,IO6 654 The toa
number OF of freight carried 20. $50, SOL
Of 14j 725. This estimate does not include
supplies carried for companys The gross earnings
against
1914 81 last year. decrease OF So sos 81
nearly 10 per cent The net earnings
ST. SIS $50 o. against So 1885, 6s 80 Tor year pro-
vious being 81 4s2 43 less fraction II per
cent decrease and amounting to only per upon
the paid in capital stock and Indebtedness OF the
panies owning the lines operated Passenger earnings
SIT 524 49, falling off OF $40 50 from last
year. Tho earnings from freight transportation
s4a $50, $50 IL, being $6,377, GAG Al less than the
amount derived from this last year, and de-
crease IL SO per cent The total debt Of railway
companies in Ohio is slsl, ,os6 "a Total increase
of debt, 1913, 72O 81.
GENERAL RAILWAY ITEMS
The New York Central AMI Hudson River Railroad
Company has declared dividend Of four per cent pay
able July !.
The completion Of the third rail, ordinary gauge,
through route from Buffalo to Philadelphia the
Erie and Lehigh Valley railroads, was duly naugu-
rated, June 8, by complimentary excursion extended
to the OF the different railroads and the
press Of the different cities, with their ladies.
The rolling stock has been increased per cent
the New York, New Haven and Hartford kaiIroad, to
meet the demands Of the extra travel to Philadelphia
this summer
The Now York and Boston division Of the New York,
Boston and Montreal Railroad, being the section be-
tween the Harlem River and Brewster's, in Putnam
county New York. sold at White Plains the 9Th
INST to satisfy tho first mortgage bonds amounting,
with interest," to So AGO. 35 1t was bought in by the
Farmers Loan and Trust Company for the bondhodcrs
for that amount. 1t is understood that new company
will be organized. Tho tracks Of twenty-five miles Of
the road which is fty-nve miles in length already
laid 1t is expected that the road can BIO finished and
fully equipped within three months, with expendk
ture Of about $sO0.0O
TRANSACTIONS WEEK.
The following table represents tho opening, highest
and lowest salcs regular way, OF tho principal
during the past week, together with the number OF
shnrcs dealt in