Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1876-12-28
PACIFIC COAST DISPATCHES.
FROM CALIFORNIA.
INTERVIEWING THE SHARPS.
What is Thought of the Fight for
Mexican.
THE con. VIRGINIA DIVIDEND.
>. There's billions In Et"--..Don't -et
Scared, Bu: give rs "A Little
TIne.r
THE COZ. VIRGINIA DIVIDEND.
SAN FRANCISCO. Dec. 26.

To-day's Stock Erchaage contains
full interviews with various mining
sllarps. 1t leads off with the statement
of c. l.. Weller relative to the Mex
lean matters, VIII thinks that Drexler
and his party have a hard job before
them TO work the mine in case the de-
cision OF the Court gives them its con
troll, withoutthe aid of the Ophir shaft.
and particularly in that case to raise
the stock to S75 per share. He dis
claims any knowlpge Of an attempt
Of the Sharon party to break down
the stock &c $40 per share as alleged by
DrexIer. Superintendent Samuel Chr
tbs follows with his statement that
Drexler was correct IN saying hat in
dicstions lead to the belief that a most
valuable body of ore will be found in
the Mexican; that on the 1855 foot
level there are several strata OF ore.
some assays of which go up into tiIou.
sands of dollars, but the strata are so
small and irregular that they cannot
be mined TO advantage. He believes.
however, they viii lead to a valuable
ore body. Both Weller aud Curtis
deny Drexler's statements as to keep.
ing the mine in idleness, etc. alleg ng
that the work has been pulsed from
the Ophir workings as rapidly as cir
cum>taLces will permit.
In regard to the recent street talk
concerning the Consolidated Virginia
and prospects of passing the January
dividend, the Exchange prints an in
terview with a gentleman who is mem
toned as one high UP in bonanza con-
hdence. He states that he considers
there is a possibility of IA dividend be-
ing passed, or at east tut down TO one
dollar per share, but only for that
month; stating further that ifthe man
agement a catch up in the work, get
the lower levels opened and connec-
tons made with the C.. and c. SHAFT,
and get the ore production To what it
was, certainly full dividends
will be resumed. The mine bad
recently been working at =
disadvantage. When tho fire in
Virginia City swept away TIE works
and impeded operations for a whole
month, dividends were Kept up AT fun
rates, and had never ceased since May.
1878, To produce this enormous
amount, has kept men at the hosting
works and the whole machinery of the
mine running at full capacity. But
little allowance has been made for re-
pairs, for further development at deep
or levels, and for unavoidable break
downs, caves and other delays. La
I terly the managers have had to pay
more attention to development, and in
this have been impeded, first by wa
ter, then by extreme heat, and again
by dead work. Last Sunday The mine
had to be shut down IS hours 10 re-
pair a joint shaft, and the ore produc-
ton stopped in both mines. These
constant ~breakages and delays are Sc
riously felt in the bullion returns, but
that fact should not frIghten Stockhold-
ers. The ore is there, and when the c.
& G. shaft gets to working from the
1850 foot level It will show the world
that the bonanza has treasure yet
by tens of millions. Another thing
the public forgot is, that nj to within 10
months ago Consolidated Virginia had
full use OF the shaft. Since then it has
been compelled to give up most OF the
time on that shat To the California, re-
lying for Consolidated Virginia ore
upon the Gould and Curry shaft,
which has not capacity nor machinery
TO raise sufficient ore for u production
Of 81 900, 900 a month. Indeed, owing to
the heat in connecting the drift we
have shut down that shaft altogether
for the present, but tell the public not
to get fr~ightened; Consolidated Vir-
GINA may pass a dividend in part but
it will be only temporary.
A note was handed to-day to the
office of Flood q OiBriep, asking If the
statement that Consolidated Virginia
would pass the next dividend could
be denied. Mr.. Floods reply was:
~ can not tell you what the mine
II - 10 AIa4 A1 ~ kA GEn,t
month. All information to be had up
to now can he found in the Console
dated Virginia office. The records of
the office Show only one shipment of
bullion tor December of SOS ,000."
Governor Grover's Reception at
sacramento.
SACRAMENTO, Ilec. "a.
Governor Grover and party arrived
tonight by the Vallejo tram and was
met at the depot by u torchlight pro
cession of Democrats to the number of
1000. The procession was formed,
and, after marching through several
streets, escorted the Governor TO his
hotel on Second street, FROM the bal
cony of whiai Governors irwin and
Grover addressed the crowd. After
dispensing, a banquet was given at the
Arcade, at which speeches were again
made by Irwin and Grover. The re-.
1eption was impromptu, welcome and
hearty, though the participants were
few. Grover leaves on the overland
train for the East tomorrow.
Election of ihe leopard Company.
SAN FRANCISCO, Dec. u.
The following trustees we're elected
yesterday for the Leopard Mining
Company: II. III. Scott, NJ. J. Nc
Donald, q. w. Grayson, j. Slucher