The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-02-19


In railroad bonds the special feature was heavy de-
cline In the coal roads issues Lehigh and Wilkes.
barre declining So per cent-rom 4aA to IS; Now
Jersey Central convertible 81 por cent-from 81 x to
3d. recovering to SO at the close; do consolidated, 3
per cent-from 67H to 81, recovering at the close
IS; Delaware and HUDSON lrsts OF 1891, per cent
from 100 to 9S do. OF 1884, per 30 49,
The Delaware and Hudson Of 1877 1894 sold
down to 9SH and SO respectively. The ST. Paul issues
declined q ~ pcr CONT and the issues OF Central
Pacific, G., c., G. and l., and Toledo and Wabash
also weaker.
STATE bonds.
State bonds have been generally dull but there was
active business in District of Columbia $685. which
advanced to "a but afterward closed TX. LOUISE
ana consols are also something stronger, fair demand
being created by sales in this market on London
count Tenncssecs remain without much change not
withstanding the Introduction OF bill into the Legs-
ature to scale the debt SO per cont The House Of
Representatives of Georgia has passed bill 10 fund
the recognized railroad bonds ndorsed by the State
The bill authorizes the Of per cent bonds OF the
State Of Georgia, amounting to $229s,397, for tho
purpose OF retiring such Endorsed bonds, and to fund
the interest them tho LIST day OF January 1877
to the amount Of s74,a97 New York skies sold up
124
MIME INTELLIGENCE
Mining In New England has lately had fresh impe.
tus by the successful working the silver mine at
Newburyport. This mino formerly the property
OF the Chapman Mining Company, from whom 1t
purchased about year ago by the Merrimac Silver
Mining Company. The minc Is opened for a
working production Of least two years. there being
according to the late report OF Professor vinon, OF
Columbia College, some 10000 tons Of now In
sight IN the mine The company is paying dividend
Of per cent per month. The erection Of tho
cost $50, 000 and the opening OF the mine $40 600
more yet hcro has been enough taken from the mine
In sinking the shaft to depth Of 230 Ieet and mining
some 500 feet drifts and cuts to pay the cost
OF doing without having oxcavaed below the thirty
foot level AS labor is very cheap this vicinity
miners only receiving 81 so per dny-the success Of
this mine will probably open up new and remunera-
tive employment for tho New Englaudcrs.
From the Official reports 1t IL inferred that tho Con-
soldatcd Virginia Company will DO able the
payment OF dividends within two months. Tho daily
product OF the present stated at 2s5 tons,
which at the average yield OF 500 per ton would DO
1855, 900 gross per month. the daily product OF the
California mine is stated at $50 TONS an the yield Of
bullion for the month OF January at about 800 o00
which was sufficient TO pay tho monthly dividend and
all expenses leaving considerable surplus. Justice
pro $50 tons daily without change the charac-
Of the Chollar Potos produces about 100
day. valued at $40 80 per ton Throughout the CON-
STOCK lode tue WORK peing prosecuted with unaDated
energy.
The annual report OF the North Bloomfield Company
OF California tho length Of whose main ditch atty.
five miles and the cost $4,000, exempiines tho
traordinary efforts sometimes made obtain water.
Reservoirs Tor impounding water and u tunnel for
slucing wero constructed at expense OF 500 600,
while the cost of mining claims, &C., about
S777 000 making total expenditure Of over ST. 900 600
The quantity OF water used during the year was equal
TO 1000 900 cubic iect and the gross yield about
5000 900 in gold The average product OF tho gravel
was 8.l0 cents per cubic yard