New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-04-21
THIRD CALI--2::3U P. ".

The Chrysolite Silver Mining Company has de-
clared a dividend No. 81 OF TlO00Oo. WITHIN TX
months this company mas declared uiEiS'cHns
amounting to $1100,000. The amount to be dis,
burscd 70 shareholders this month has been reduced
from 5000 900. the usual dividend, to $loo0oO M
ORDER the managers say. 10 make partial payment
of bSS 900 on the $25O,0OO agreed to be PAID
for the VultuTe mIne. now included IN
the consolidated properties. lhcV, say thII
100 tons of ore per daV. although the mime c0ul1
furnish an output OF 900 800 tons per day u the
smelters would receive II. Inc Io9aS tnrndg"u'
the Leadville region are IN a very bad condition,
and the smeltcrs after treating the ores winch theN
purchase, compelled 70 haul the bullion us
tauCe of sixty miles III order 10 make c2nhccti"n ~
rail. They aro therefore holding al the mines ~
the lowest limit Of their contracts, and will receive
no more ore than they are compelled 10 accept. 1t
IS understood that change ~ tho S'crctaryShp OF
tile ChrysOite Will occur within lew davS
The president of the Alta Montana, writing from
the mlno under date OF April ., states that the
cruscr and roller were beng run djY and night
the twenty-ton sucter turning out from lOrty-iyf
to fifty bars Of bnllOn daily, aggregating aboU,
100 pounds, and assAylng 3uo ounces silver ana
The =" Alta" and Faith" mines were
looking finely. The upper tunnel was
to be begun to tap the Chalmers shaft. The Will
Jams tunnel exhibited large body ot uch ore
continuous between the two tunnels, ana %yeEaling
four feet in width. The Colo saunders tuEncI
eynOsed the same body of ore, and the Custer"
was in three feet of carbOnatos which averaged los
ounces SILVER and 81 per cent leaG. Nork was -
roads would permit.
The SUPERINTENDENT Of the Spring valley lIy-
draulic Gold Company reports. nader da'" al Aprl
II, that day and night SHIFT, were beng steadily
cuploycd Work on the high banks WIS 10 be ~
once begun III order TO rc1: tHe rich bottom Er"vriS
sooner.
The superintendent of the Sacramento reports
under dare Of April j., tlat extensive st0ErS HAD
been gong on since April H. Both the drifts cast
and west II the " Lark" and the Wine d"tts were
i'm about the same ore as last reported, though the
t.,aft- tratfi "a ~
tent of 100000 was TO be Immediately stopped out.
The Superintendent Of the Original Summit Tc:
ports. under date Of April II, lnat station had
been cut at the 20O-fOOt level, ana drifting begun
on the vein both ways, which continued 60 carry
the same rich ore as last reported.
The incline in TIE Bcdie Biuif hail reached n
deptb of l43 feet on Aur II. with little change in
the ledge since hc last report which still carried
about the same quantity Of pay ore. The supGrin-
the required depth tn drift. have n ledge that will
at once make the Bodie Bluff n paying mine"
The Crowe Mining Company, n. c., began run
ming their mill on April d. The superintendent
out, and everything working WELL
A telegram received from the superintendent of
the Sir oderick Dhn under date o. April 90 states
that tho diamond drill was down ~ feet the last
flty-twO feet assaying from SO to ~.
The Caribou Office received Yesterday, from the
mine bar Of silver valued Mt SO, 800 and weighing
6,5S6 ounces.
Advices from the Red Elephant mine are to the
effect that the daily output il being steadily in
creased. At last reports, 145 men were employed.
The Consolidated Yankee Fork Gravel Mining
Company, organized under the laws of NeW-York,
with capital of $5OO,O0O. divided into 5OO00O
shares Of 81 each have issued prospectus. The
officers are President, f. b. Hinsdale vceprcsi-
dent, Sllas c. Hay; treasurer, W. S. Chapman
secretary, j. NJ. Decker. The property Of the com
pany is located in the Yankee Fork District,
Lemhi County. Idaho and comprises Logo acres of
auriferOus gravel, extending distance of fourteen
miles along the banks Of the Salmon River from ls
junction with the Yankee Fork. The property con-
sists of nine separate locations, with ample and
elusive water rights. sufficient to supply the year
round water for the maximum quantity of
hydraulic machinery which tine company propose
to erect. Tests have shown that the gravel will
yield 80 cents ger cubic yard. and with six InOnl
tors in operation. the company estimate net yearly
profit of SS2S.000.
The superintendent Of the Barcelona writes from
the mine under date of April X " Have made feet
in main Tunnel since last report. Have also maize
10 feet in south and IS feet in north drift. Width
of ledge remains the same, but decided improve
meut IN quality of ore in tho north. which shows 2
feet Of splendid suIphurcts. Have on dumps over
1000 tons OF ore running from SIS TO $3.50 per ton"
The superintendent telpgrapheG yesterday :" Ledge
in north drift g ieet average assays, $91 25.