New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-05-24
SAN FRANCISCO CLOSING PRICES.
SAN FRANCISCO. Saturday. May -, 1890
Yesterday. To-day Yesterday. To-day.

For tho week ending May 81 tho total value Of
silver bullion received III tins CITY was no
The value of bullion received Saturday was
$50, 1874. o,,...,-
inst been received at the companys new chicago re-
hnery 1t is the first consignment made to tine new
works, which are now running regularly. ana are
treating twenty-five tons of base bul non daily Inc
capacity of the works allows OF the DOUBLING OF ths
output when necessary. - ,
The superintendent of the Silver Cliff reports tha
the principal defects in the new mill have been
remedied, and that the mill is now crushing nifty
The statements made by Mr. NJ, Shaughnessy in
another column concerning the litigation now IN
progress between himself and the owners of the
Ontario mine will be read with interest by the
stockholders of that company. Mr; shaughncssy
speaks plainly, and processes full filth IN the
Justice Of his claims. 80 ,,
General Adelbert Ames, president of the Little
Chief left this city for Leadvllle on SATURDAY lie
| will spend several weeks i'll visiting the different
| MINES OF the district.
The ore body recently struck in the Russell work
lnps of the Excelsior Mining Company Il tahl assays
80 per cent lead and 7129 ounces silver per ton
| representing III value 500 90.
| President Hulburd, Of the Eagle River CONSOLE
dated, writing from the mines under date OF Nav
| 10, reports that regular development work on the
different claims OF the company had Just been
Legun. He expects to make Tapii progress, ana to
be able soon 10 report rich results.
Encouraging reports are received from the nrinc-
pal mines in Globe District, Arizona. The Gnldcn
Eagle ledge has developed to width Oi lSl2 feet.
Recent ASSAYS from the yellow Metal gave $3l gold.
The Mack Morris mine is developing finely. The
hosting WOrkS are now IN OpcTdtlOH ana large
quantities of ore are beng extracted
The present daily OUT put OF th5 Rcd Elephant ~
about thirty tons, including all grades.
In the La Plata, the S0-fOOt level west from the
main shaft is beng RAPIDLY developed The daily
output is abOnt fifteen IONS good milling ore.
The Great Eastern tunnel has attained length Of
100 feet without reaching rock wall, carrying ore
all the way of uniform richness.
Four thousand tons of ore, averaging IN value
1925 are now in the houses and on the dumps at
-" The average daily output of Leadville Camp is,
now about $50 tons, The total value OF bullion
turned out by sme tiers for the week ending May 10
was $3.50 1854, against $392,724 iorthc week pre-:
vlous. In addition to th!s, shipped out Of
town to the value of $3lloo7, against $20.7oO
during the preceding week.
superintendent Waldeyer, of the Spring Valley
Hydraulic, writing under date Of May Is, says: :
Work goes on well ID all branches. Blue gravel
became visible to-day under rotten bonlders, on
ground where October cleanup WAS made" Work
on the blast shafts goes on favorably.
The new machinery OF the CrOwell has arrived at
the mine. The main double compartment shaft is
now down AZ feet and is TO be- sunk to depth Of
800 feet Sufficient ore is on the dumps to supply
The total value of bullion shipments from Salt
Lake City tor the week ending hay 10 was
SI15387.
A very rich ore body has recently been cut by
the main shaft on the Miner Bay, This niue ls re-
ported as improving daily in all its workings. A
large quantity of high grade ore is now on the
dumps awaiting treatment.
The total ore shipments from the Iron mine
Thursday and Friday last were 400 tons.
The work Of charging the main shaft on the
Denver City is completed, and sinking will he re-
sumed at once. The machinery at the north shaft
is III operation, aud development work is making
rapid progress IN other wOTNinGs Of the mine.
IL is understood that at the next meeting Of the
Mayh0wer Consolidated, Mr.. w. II. Ashton, tho
present general manager, who has until quite re-
Gently held controlling Interest," will tender his
resignation as general manager. Tins change
is tue result OF transfer Of a lnrge
block of the stock owned by Mr.. Ashton
to other trustees IN the company. The
object of the sc IS TO secure perfect coooeration by
equaliznR the sctlve interests of tine different
officers and trustees who are all stockholders. As
the 81 ock is now held, no two officers have a major
ity Mr. Berry, the present milo superintendent,
will. it IS stated, succeed Mr. Ashton as genera!
manager. No other changes are contemplated.
At the Robinson Consolidated immense piles of
orc are bong corded up TO await the reOpening OF
the roads and desalphurizng is going on RAPIDLY.
A correspondent of The LeadrIie ircuIar predicts
that fen lie District will yield much ore this
Summer IL Leadvie dId III the Fail OF rs.
The total ore shipments from Little Chief Nav 10
and 20 amounted TO 2S3 tone. Work on NO. shaft
was being prosecuted actively, aud the mine genes
ally was showing material improvement.
The San Francisco Bulletin OF May II gives some
Interesting STATISTIC e2y s operations on the
of dividends pad for the three years was
$50. 951, 600. Deducting 81 ,53S, 740, the total
amount of assessments levied for the same period,
gives credit balance to stockholders OF 412,SG0
The only mines which paid dividends wer1 che Cali
fornia Consolidated Virginia and the Ophir:
The California and Consolidated Virginia mines each
1873. In the following year tao California paid aud
the Consolidated Virginia three dividends Each paid
Neither mine SSs paid dividsOd siSeo last Dccem6er
When tho next WIN Re pat y matter of great une ~
stock foa the past yea,saaFI that DeFol has
boeD-is wttSout profit we wing the work In toe
the BURTON supply OF the w0sId by the Comstoek mines
"a this interval, OF which 3SoooO09 has gone dreety
IaiteF amount has been retained
The Silver Queen Mimi COMPANY tAriTonal have