New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-04-19

The following cirCular was sent to tho leading
mining companies on Saturday evening. The man.
arers of tbs new organization evidently mean
business" and work is being rapidly dispatched by
all the committees:
AMERICAN MINING STOCK EXCHANGE.
Ojud,r Charter OF the Mining Trust Company
NEW-YORK. April II, 1880
This Exchange viii open ioe the transaction OF busi-
ness on or about the ist Of May.
Tic Committee on stock LBl and Securities Is now
prepared TO receive applications IRON mining COMPANIES
10 place their stocks ana bonds gu ,s sI "i va TX
string act promptly and understandingy a. pOssi
bie re1uess thaI suct aneonI 1e ,ii ~ Occ
tary OF Committee Stock List aud socurii,s No. ll5
Broadway, TO whom all correspondence attaining TO
this subject should be addressed
Blank forms Of application can be obtained Wy address
American Mining Stock Exchange.
MINING TRUST COMPANY.
CHARTERED UNDER TT w5I LAYS OF THE STATE OF
GENERAL OFFICES and CLEARING HOUSE, Boreel
Il5 BROADWAY. NETWORK.
OFFICERS;
president-The Hon. Milton g. Latham.
Observation-Disclosures Rggs, r. c. Mccormick
Seerctqry-Rufus W. Leavitt.
TIilsteee-Milton s. Latham, H. A. W. Tabor. Harry
c. LOgan A. L. K. Stafford, Drake de Kay, L. A.. Won
Hoffman,, Geo. ID. Roberts. EnSna Riggs, Henry Have
meyer, Rufus W. Leavit. l. NJ Lqwson, VIM +. shaler,
Executive COmmitce-Elisha Riggs, Stephen b. Elkus
SankersNi. Won Hoffman, & Co.
COtRSeiiOTs-FIeid, Dorrheim er, Bacon Deyo.
AMERICAN MINING STOCK EXCHANGE.
OAatrman-Gro. W. Smiley
gecretaTJ-E. ID. Barnes.
Governing ComniAee-George Chapman, Samuel NJ,
ner, ii. Al. LeverIch. W. J. Osborn, Washington Lee
Augustus Ebert Juan T. Terry. l.. NJ Lawson, W. 4.
simmons, W. s. Richmond, EitnghGm Lawrence, Geo
ID. Roberts w. c. Squire, David J.. 81. john, l.. +.
schmidt, Geo. ID. Meeker &. g. Hastings. A. +. Rcy.
Committee on Stock List and Securities Washington
Lee, William L. Moller, 3. Lawrence, Mark J.. MELON
Luther f. shinn. Charles Eustis OrYis, D. b. Gilbert
Committee on Management aud ATrdnOemenfs-F Frank
lin Allen, W. s. Warner. n. L. Underwood. William Bel
den, G. II. Tompkius, Hiram Pool Richard W. Bogart.
C6mmihGe on 4dmtss9nS-L NJ lawson, C. G. Broun,
According to recent dispatch received from San
Francisco by Mark H. Mcdonald. the Western
Union telegraph Company are now getting out
mateTial, and eXpect 70 have fheir new line into
Tombstone lArizonal by the middle OF May. Won
derful developments are now being made. A Sec
The winzo now being sunk to the new level Of the
Chrysote was entirely IN ore on April IL, and tho
body of sand orc and gaena The rich ore body Mt
the south end Of the south drift from Chrysolite
shaft No. had gone down under foot making
necessary drift on the new level In order to reach
IT, The new DRIFT south the line of the new level
was III 10 feet, the face being In iron and pOrphyry
on Friday the iron In the bottom of the Roberts
shaft was increasing, and the orc opening lar
ger IN the drift west from tho Eva shaft.
The DAILY shaft in the Little Chief was down 40
feet on the 18th, and the streaks and lunches of
palena IN the bottom were increasing. This is con-
sidered n very satisfactory development.
Tho treasurer of the South MONDAY, lodie writ
ING from the mine under date of April g. states that
the ledge on the east crosscut Of the l5Ofoot level
had been cut through and found to be twelve to f-
teen feet in width The ledge had been struck i'm
mediately below what was supposed 20 be hanging
rock but which, on drifting north fOrty-fOur feet
and cutting station to sink VINE. proved O l.
foot prrphyry horse ceDtriug the lodge. He
was Of tile opinion that this 4" horse" would soon
ninch out leaving d 15-foot vein,
Tho superintendent of the Excelsior Silver Min
ing Company. Salt Lake, reports, under date OF
April 10 that the main shaft was down 100 feet, tho
last twenty-eght feet being in quartz and iron. The
south drift stood in $67 smelling orc,
Superintendent Waldeyer, of the Spring Valley
Hvdraulic California, reports, under date OF April
81 that four hydraulic chiefs were working night
and day, and eight more were In position. Work
On the bottom grayels was being vigorously pushed
Recent rains had dlled the reservoirs to over
The Superintendent Of the Madrs Silver Mining
Company, Nevada. reports, under date OF April 3,
that the Jew Peter tunnel was In Ella Feet and still
ia solid medium grade orc, IL was daily expected
that the contact would be reached.
Mesar, Marx i. Mcdonald, Z, T. Ferris and
Others have incorporated railroad company which
Is to run from Tombstone Arizona, point about
seventy milessOutheAst Of Tucson. to tho junction
O9 the Southern RagifO Railroad and San Pedro
River. Work WIN b begun within the next thlFty
4Ss superintendent O9 the Green Mountain tsle-