New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-05-17

The regular monthly meeting OF the trustees OF
the Little CaIrf wls held saturday afternoon. Cy-
rls II. Met OrrIck ten,ered blS rcsgnation on nc
count OF his residence IN Chicago and because the
multiplicity ot his other dnlcS would not permit
him TO give that al eution TO the affairs OF the COM
pany which hc impOrtance of the position requires.
l., neral AGclbrrt Amcs vas elected president, The
resignation OF CX-tiuVcTuOr K. &. Mccormick as u
trustee, which has been IN the hands OF the Board
for some time WAS accepted A. ID. DAVIS, OF New
York. and Samnr Elliott were elected to I'LL the va.
cancICs IN the Board Of Trustees. The resignation on
Mr.. Henry Gardner aS counsel of the company was
also acccp;ed Mr. Brace, one IT the committee of
stockholders recently appointed TO visit Lcadvlilc,
with a view TO Il careful examination OF tn" cOln-
plnys property, MAJ" verbal report, IN which he
stated that everything WAS found 10 he IN a saiis
factory condition. aad tuai the management was to
be- commented rather than cenSur,d. The resirna-
ton Of Mr. W. :. krycS general manager
accepted, and Mr.. George DAILY was elected TO ill
tine vacancy. he regular monthly dlYldcId 81
SIOO.OOO then declared payable ut the office of
the Mining IUl,' Company, on the 10Th INST. The
total orc shipn MS ior The first fourteen days OF
The main shaft Of The Crowell is down "a feet in
n fine fOrMatl0a winch Is reported as steadily i'm
proyInr, The Klmbail Hli prospect shaft Is expos
ing good quartz rs 1t deSccnhs. Al dat Of report.
thu ore sr.u, IA tins shut were gradually couVcrg
ING. ami il was believed that the man ore body
would soon bc reached. The last Kun Of 30 tons
SIX thousand ounces Of silver were shipped from
the Caribou mine TO the NcW-loik Office on Satur-
The Iron Silver shipped 1.621 tons during the
first half of MnY.
can Mining Stock Exchange az No. 63 Broadway
Will hardly be ready tor occupancy before tho latter
part OF the week. AZ consequence the formal
OnrnInR will not take place until Monday, MAY 20.
here has been good deal of talk about COuSOiI-
tlatiOn of the two Exchanges, bat the necessity or
wisdom OF such proceeding seems 40 lar, to have
been discovered only by the members oil the old
Exchange. The officers OF the Mining Trust Com
pany not aware OF any movement of tins kind
and il IL evident that thoy at any rate are not pm
ing for a consolidation OF the two boards.
At mcctg of tho trustees of the Plata Verda
Silver Mining Company Friday last, Mr.. Henry W.
Ford Prcsden, of tho National Bank Of the Repub-
lie was elected treasurer vice hr. George II. Stay
ner resigned The Plata NcTda trustees are for
tunate III securl g the services OF so eXperenced
fnancier rs Mr.. Ford. Mr.. Stayner left Tor Europe
Saturday; where he VIII spend the coming Sum-
mpr
President Wick, Of the Alta Montana. telcGraphs
MAY 10: whole face of Williams tunnel In ore.
Shelters producing 8 900 pounds of bullion daily"
The directors of the Ore Copper Knob Company
of North Carolnn make very cTedltao;e showing
port states that the amount OF undivided profits on
April T. 1850, was S222OOO, after deducting
$3.50. 1875 for dividends paid.
Fncouraping reports aEn received from Globe
District, Arizona. The new Mack Norris hosting
works now running, and the working force has
been pTopOrtiOnatelY Increased Tic Golden Eagle
ledge has wldeucd 10 Is feet. the ore running high.
Several stamp mills arc in cOurso OF erection, ana
deyeopmeni is going forward rapidly, .;.o,;o,.
IL is reported thnt several YORK capltallStS
arc negotiating for tho purchase Ot the Cr1ssCut
Mime, located near the Yellow Metal Globe Dis
trlCtJ The VEN IN the latter ~ bau 10 DE ~ inches
wide assayug $31 gold per ton, and 1t is therefore
believed that tie Cr0sscut will prove u valuable
property.
the directors If the Silver Cliff have just issued
their first annual report. which states that the new
mill which began running on January 20, has
crushed MP 10 April l. 1928 tons of ore, that has
averaged 50 per ton, and yielded net, in bullion
- o. $50. These figures fall somewhat below those
which would have represented the net bull |
lion product had not the construction of tho
new mill proved faulty. 1t was calculated that the
mill wOuld crush sixty TO eighty tons of daily
hut so tar it has been impossible TO mill more than
forty tons owing TO inadequate drying facilities |
Alterations are now being made whOh. when cont |
pleted. will increase the daily capacity seventy |
tons.