New-York tribune., 1880-10-04
CLOSING PRICES or cALIroRALl STOCKS
SAN FnASclsco, sa,uraag, Oct, ., 1850
my pyrr1EGr,Pu TO THE rRrprxrl

san Fr.NCIsCO. Oct 3-A detailed report by W.
Il. Chadrey. former snelter for the horn Suyef
Mine on mining properties in Sonora, Mexico, To-
Gated near the Arizona line ana now owned by
General Pesquiera, has been forwarded 10 Watson,
La Grange Gibson OF New oil X. ne pLooyr,y
ties. The grant contains over OO.OUO acres Inc
principal mines in the grant atc known as The "a
Grange, and have been worked IN ANA on tor loV
vears lhe ores require smelling and are reported
as comparing favOraby with those OF the Horn
SILVER of Utah ComStOck shares continued weak
Yesterday which is attributed & the failure TO de-
veop an extensive ore body on The 2.JOO level Ot
Union. .
the past week 1.O71 tons OF ore, assaylng H2l 80
ncr ton; shipped III bullion S6lOOO. ard has
E2S, 900 III the Office Consolidated Virginia raised
dunug he same time O3O tons, which assay W 80.
and has i'm tie office $l7l66. The east cgOss-,nn
on the = 800 level OF Union Is in 25l ieet. What
was officially stated as ore taraS out To pe UVty
quartz uf too low grade TO mill. Ihe tice OI the
cross-cut is now within 30 feet OF the east
workings.
ITApvIIIr. Col. Oct 3.-The torai bullion ship
mcuts from the smelters tor the month of sepicm-
ber amounts to Sl502, $50, the .aIgest shlpmeho
ever made in a single month from leadylle lhcre
has also been an increase OF ore nc tue sneiIerS.
Billing and EIlers sGrt now furnace to-day, Elgin
starts another furnace thls week, and the Malta
Smelter also starts up this week. The shipments
for October will show an increase over those OK
Scptem er. Inc total shipments for nlne months
OF 1850 TO Octouer L, amount 30 - .6GU.7i2. Don
Men. Palmer late manager Ot Aalc, has turn,d
over the property to Theodore L. Van Wagenem. ms
success or. and has gone 10 san Fran.
cisco. w. r. Brick, late superintendent of
Climax, has also turned over that property ia Van
WaCeuen who succeeds hlm as manager. ChrSsO-
lite has reduced production al least for time 10
30 tons per day. Another new body of ore Las been
struck in the Highland Chef, hch is now ship
ping an average of go tons per day. Catalpa
sIpped 450 tons during septrmher Big Chet
started its machinery on FRIDAY. large body
of fine oIe was struck on Saturday Ia tLe lpsIlanu
mue. between Fryer and Carbonate hi,ls.
The bullion receipts in his city from the mines on
Saturday am united 10 $7S. lG -. making total
tor the week eudmg October OF S2sS,45l 30.
ne returns of the Clearing l.u,e o, the Mining
Trust Company show tnaJ IL .llJ,31O shares ot
mining socks were cleateI during the month of
September. The total cash value of these shares
was not less than T3.0OOO00, and. without the
Cirari"g House, that amOaut Oi actual cash would
have been required TO handle tins amount of stock.
Under This system, howeNer, tae actual cash bal-
ances announced 10 ony $3lI 500 66 the real
share balances exchanged Amounting 10 but
25I. 7S5 SHARES. lt was at first doubted by many
whether TIC system would prove success, bus
these statistics apparently settle The question III is
favor. >.
the Dcnr,1' Times of September 30 says:
Hon ". 4. II. Loveiand returned from Alma
Yesterday wheIc ne had gone To concluce the sae
of the Fanny 8arret group of mines 10 the North
American Mining and Devc ping Company. Tho
sale has been pending for sp'no time. bnt was not
perfected until yesterday when the papers trans
feruug the mine 10 the company Mere all signed
Mr. IOyeand was accompanied IN h.s ttlp 70 Alma
lax the Hon. Milton Slycr, one of the ViCc-ptesl-
dents OF the North American Company. he
future management OF the property and its de-
yelupmeut has been intruatcd 60 Professor Alden
smith, the State geoOglst. The plan OF develop
ment contemplates II tunnel starting in ON the Buck
skin slope ;ne mountain and penetrating through
| 20 the Mosquito slope. cutting shafts that VIII DO
sunk from the top OF the property. There ara
| twenty-two full claims in the group The foreman
| of the Dolly Warden mine on MI. Bross, In Park
County, has been gwen the supcrintendency or the
Fanny Barret property, ana IL now III ehaigo oi its
force Of men. The question OF erecting smeltei