The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-05-29


In the financial aspects OF the State. District Of
Columbia bonds were fraction lower.
RAILROAD AND WATER COMPETITION
between the West and the seaboard Is attracting con-
siderable attention because the already
tabshcd for the transportation Of easbound ircigha
Rates on wheat by lake from Chicago to Buffalo arc
"a per bushc and by canal from Buffalo 70 New
York 90 cents These equal to 75ts cents per
ton s3 l-s bushes) from Chicago Buffalo and 81 0sh
from Buffalo to Now York, or, by railroad distances,
less than i mil per per mile Buffalo and from
Buffalo ~ mills when is understood that the Con-
trail and Hudson admits cost per ton per mile OF over
mills for each ton transported 1t wall DO how
unequal the contest west Of Buffalo, and the following
figures require no further explanation
RECEIPTS OF GRAIN AT nuryALo SINCE
Bushelx
BY all the railroads. 7olloo
Total. 6,5l6.l00
Besides this Osweeo has received by lake large
quantity. From Buffalo TO New York tho railroads do
better tho canal tolls do permit OF such
extremely low rates, yet to compete with CSC por
bushel the railroads have to accept OF AZ mills tho
rate per ton per mile. Tho proportions OF the move
from. Buffalo eastward since the opening OF the
canal As folows:-
Bushels.
b .. canal,
Total. S, SIS, sa6
POSSIBLE REDUCTION or PASSENGER RArEs.
II is reported that the Now York Central and Hud-
son River Railroad will their passenger
at early day TO tho following figures New York
aud Chicago from s26), ST. New York aud cincin-
natl, SIS; New York and Indianapolis. sl6 New York
and ST. LOUIS $22; New York and Louisville, $40;
New York and Detroit, $13. The alleged reason for
this reduction Is that rival lines OF have
been running frst class express passengers emf
grant tickets. to tho detrmcnt OF tho Boston and
Albany travel The tickets VIII be good throe
days.
similar reduction, |, is said. has been ordered by
the Pennsylvania Railroad for the same date
TRADE
are akinga less cheerful Wow than at FIRST regarding
the probable enoct Of the auction sales upon
trade, and fears entertained that the "great
cess'' is only those who thus in dis
posing OF their accumulated stocks II is realized that
the goods have not INTO consumption, but simply
been distributed among large number Of traders, who
are more likely to still further dcprcss prices through
their Efforts to quickly dispose Of their large purchases
than would have been the original Tho trade
also complain that tho sale has established
departure in credit tho terms Of the sales having
been fonr months instead OF the usual credit OF sixty
days for this class OF goods and finds It impossible to
terms.
MINING INTELLIGENCE.
The Judd Crosby works at Georgetown sent for
ward through the First National Bank So 523 in silver
bars during the week ending 10th inst Tho com.
ing of the Broadway Tunnel is reported to DO
usually rich Work the Nuckols mine is steadily
pro grcssng the main shaft being down It's feet and
the pay streak increasing value. Az tho stevens
mine the winters heavy fall OF will prevent the
II NJ mi, ahnuf In Tha
Plume Concentrating Company is running night and
dry and turning out forty ols OF material per
week. The Pelican mill il reopencd with large sup
ply Of after weeks delay the Introduction Of
machinery. For the time being there is an over
supply Of water from the mountains inconvenience
that will probably last another week Tho Young
America mine that had starved operators
taken in hand by another sc who said have
found rich cre at a slightly lower depth.
The Baxter Company, known in the East as having
Of to the Centennial Exhibition has tho
credit Of having taken out twelve tons which aver
age the first $50 tho ton and for tho
second $50 ounces to tho ton. This result seems TO
have been surpassed by the Atlantic Company, solu
ton Of whose fret and second class averaged DAT
425 ounces silver; lot OF which coost 81 600
delivered yielded some 81 700.
In the mills Of Morrill, & Co. (atc Meliix 4 Norris,
one Of the methods. known the "Fruc process"
lately exhibition IN Now York, Is being introduced
for treatment Of the shines On the Colorado Central
No lode, where the shaft at depth of 500 Feet
intersects tunnel machinery is already in place for
sinking 1000 feet deeper, work that Is expected by
It's projectors successfully solve tho problem OF deep
mining In tho Territory. Tho greatest depth so
attained In any Colorado mnc Is about ], 100 feet
where the pays largely and the indications point
q bonanza further down. The Golden Smelling Com
pany, in Jefferson county doubling their capacity
on OF tho production OF that
ncighborhood Milling and mining machinery arc In
unusual demand some shipments having been made to
the San Juan region, where several stamp mills
already successful operation.
What il called tho "New One man power Jiggng Ma
chine" is said to be working successfully on low
grade in Fremont county 1t is pronounced SIM
pie and effective OF concentration and Is cx
pected to give hope TO individual workers, who
from Of capital, may have feared their zig was
up" In Park county the Moose. Dolly Warden, Hia-
watha Russia Security, Lone Star and London mines
are reported being IN paying and dong we'll
blasting furnace is being erected in Horseshoe and
Cniorination works. at the mouth Of Mosquito Guch
From Boulder county learn that Commissioner
Decatur In tho or the Centennial Exhib ton
held large meeting Monday night Sunshine and
Is travcrsing the county generally mino Boul
der CITY, that sold ST. Louis So ooo
became worth $1,000 within eight months having
been worked very moderate scale and with simple
appliances small lot OF Tcllurito ore, from new
discovery north OF Camp Providence, was taken to
Denver and sold for S. so por pound Tho subject Is
creating much excitement In the ncighborhood In
Gilpin county the activity is unusually marked the
better known districts such RUSSELL Gregory.
Quartz Valley, Nevada, &c, and new mills and
chncry being erected to work tho increased Offer
ingso Emigration is tending toward tue less dcve
oped portions OF the Territory. On the Hubert lode
rich findings expected attended with excitement as
nm inevitable sequcnt The old mills and concentrating
works In tho county arc In full blast