New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-08-02
SAN FRANCISCO. Saturday. July 81, 1880.
Nnltnrda,. To har Yn.terlax Tn.dAr.
Try TELEGRAPH TO TIE TRIBUNE. |

SAN Francisco. July 31-The break In Union
to-day caused great excitement in stock circles.
NOfhing definite can be learned a. to the cause.
Virginia City kilograms are unsatisfactory. The
bids of Floods broker yesterday for large blocks
are now believed to have been made for the pur-
pose of a retreat. Union touched 16 after beard,
but closed at II. Mexican, Ophlr and Sierra Ne
vada we're correspondingly lower. Assessments
have been levied as follows: Segregated Bclcher,
81 Caborca 20 cents Champion and Gynndale,
each 20 cents.
HELENA Mon. July 31.-The tunnel In the b.
nanza Chef sixty feet below the present level has
struck an immense body of rich ore considerable of
II showing free gold. Twenty-Five feet across the
lode are explored without reaching the opposite
wall rock. The Cataract district receiving much
attention from prospectors and capitalists; as de-
velopments go on the mines increase in richness.
The ElkhOm now has a 7-foot vein of gold quartz
working $40 per ton. The wonderful developments
in the Belmont during the past three months have
given new impetus to prospecting i'll the Silver
Creek district. Ihe report comes to-day that an
extension Of the Belmont has been discovered, tue
ore prospecting richly near the surface.
SALT LAKE CITY Utah, July 31.-The Old Tee-
graph Company have made a rich strike in lower
level. Shipments of bullion for week ending
today were as follows: Ontario; $3.50 shipping
S4 500 total, $500. The construction Of the
Empire Mill, Park City, is going on rapidly. Their
mine is showing WELL
In an interview with THE TRIBUNE reporter on
Saturday, Mr.. G. d. Roberts. who has inst returned
from Leadyille SAID he did not care about express
ing his views about the Chrysohte property until
he has made his report TO the trustees He intends
to do this to-day He could say however. that he
was not entirely pleasedIwth the mine aud its condi
tlon and thatit would require careful system of
economy in the development aud extraction of ore
to pay the company's debts. With regard to the
allegation that he bad pGarPosely depressed the
stock up to 20 after left NewYork if | had liked
but did not see It IN the mine III had seen it,
would have buled the stock right away. The mine
has been Over-worked, and has not fulfilled my
pectatlons. Mr. Reyes has resigned his position as
Inanager-I have his resignation IN NV pocket now.
No one has been appointed To succeed him. In fact
his resignation has not yet been accepted. Mr..
Keyes large estates in California and he desires
to go back and attend to taem he does not want
to spend any more time al Leadvie."
The acting manager Of the ChrysOlite telegraphed
on Saturday Shipped seventy-two tons high
grade ore to smelters on Saturday. The mine is
looking better than at any time during the past
sixty DAYS. Settled with smelter to-day for lot
of tfty-two tons at S147 net per ton. Receipts
this week upward OF $4,000"
Twenty-three bars of bullion. valued at S47, 443,
were received from the mines on Saturday, making
the total receipts for the week $348 066 IA
Annie shipped % tons of first and second-cass ore
worth 81, 100 on Friday.
Red Elephant shipped ~ tons to the concentra.
ting works on Thursday and Friday.
The Alta Montana shipped 10000 pounds base
bullion July rs, averaging about 1871 silver $l05
gold and 500 lead per ton
Horn Silver received nine bars of bullion Satur-
day; value 81, $50.
In the workings of the Silver Iset Mining Com
pany, Lake Superior, at depth OF $50 feet, very
rich ore has been struck. An average of six sam
pies gave 400 ounces per ton the richest running
as high as 10, 700 ounces.
rich strike has been made in the east workings
of the Silver Rock claim belonging to the Unadilla
Company. The tunnel carries two feet Of solid ore
IN the face.
The Comet mine, Montana, is producing 40 tons
Of ore daily
A claim of 500 feet on the Fisk vein, Gilpin
County Colorado, has been sold 10 Colonel Hyng of
Denver, for 100000 cash. His clam is the same
vein as the Empress, with the character of err
There are veins on the Herschell Lode of the
Decatur Company, one dIDpIng about thirty degrees
aud the other perpendicular. The ore is low grade
but better than II was expected would be found ut
n depth of 100 feet. The superintendent recon-
mends the sinking of a shaft OH the perpendicular
vein.
The last report of the Robinson Consolidated
shows total length of main incline, 401 feet lower
level tunnel, 635 feet; new shaft, depth 80 feet
tunnel shaft OF feet; number of mon employed 81.
Work on crOsscuts aud WINES has been temporarily
suspended. No. south crosscut follows the ore
body tending easterly. and carries ore averaging
202 ounces silver and 80 per cent lead. The mine
was rich IN assay and quantity of as at
are being hoisted daily from crosscut dr'vi""s.