New-York tribune., 1880-06-23
7 N IfNF = FT|fIIs' 7
sAN FRANCISCO. Tuesday. june 30. 1880.
Nnat.rnn, 1n.har YrsfcrhnY. Tn-hn


Eight bars Of silver huhon reprcscnting in valuc
$12 200, were received III tins c'tV yesterday 10y
express from the mines. ,
cify from tie Nortl lhtc aud Yoorlnltc mlnce oi
MarpoS, County. Cal, were yesterday N"ik'd al
the furnace of the h"bcIison krdurii"n Company
SOME of which aeSaNrd - O0O per tun
Two bricks weighing 20 pounds aud Valucd nt
50 go 2G were shipped yesrn!ay Iom the silver
Clil mlIc TO the New OTl, Office.
The Caribou Consolidated hold special meeting
on Friday for the pur1osc of organizing a new
Board of ] ruseeS ana passing upon the dcr' con
vcy:ug the oJmpany's new ly purchased pro2criN-
Tho No Name y" Spencer" and " Columbia min
ing clninIs. The prlcb pad for the property -
$500 900. New stock 10 this amount WIZ be- lssned
10 Sir. X. G Dun, the former owner As soon ~ The
cnnsoidatOn effected. work OF development VIII
be pushed with renewed vig0r.
Development work AT thc Sappho IL max ng sat
isfactnry progress. The superintendent reports
under date Of June 10 that the main shaft was
rapidly sinking III an 0chreOus lorlnaIlon lb9cht-
ing au approach u mineral. 1hc extreme SoithesB
of the ground making extensive timbcrnR
necessary. The formation was becoming more fa-
yorrible as depth was attained:
Two hundred and scycnty-ivc tons ot ore wore
shipped from the Iron Silver Monday last.
The superintendent of the Gieen Mountain. writ
ing under date Of June 13, says: No 4 level il III
the very best of Ure-the same chute that we are
raising Ou from No. ., which proves that we
have body OF ore 700 feet III height from thc
fifth level aud del eopmeilts III No. prove that
we have a body 800 feet i'll length, with tho fac
of the level still III good ore. be mine is ready
for the new mill INN running ~ stamps from The
raise above. The Bdwell tunnel Is III 90 feet. aud
work Mt the new mill is gong ahead quite rapidly
The new bOardng-huu6e will be completed by the
middle of next week"
Referring to certain adverse criticisms indulgcd
in by some Of the New-Yurk "inlnlnR PAPERS" Con
corning the American Mining Stock Exchange aud
its operations tor the first few days ni IFS existence
The Dai1y St0ok Report, Cf San Francisco makes tine
following pertinent remarks:
While preparing for bntt-fOr hours and days before
the time for actiOu-what marching and cOunt,imaicu
ing gnl0pIng ana frO and hulIying OF guns. and
wagons and staff officers t"ore L. he unpofcsslonn
on locker hnds wary difficult ~ deternlinc whehi hc
is ooKing al order confusion, and ~ regiment brig
adc ana division tall back, pcrhhi5 mo the place The
leading spirits have chosen r thel le scene may even
seem TO linn that Of retreat; when al tbe lnhhcl
have bccn executed. hnd III ihc dboslllOh hAdc
and the great cvtn-le bHtllt-iincs Inere II com
paratiye hush aud lull Al Is ready. We seem 10 bc
m tuis stage the stock market II l. lnst pos
sibe that mining stock board IN Nc"-I0ik took
mSaits its time to take par conlnc melee. 10 cur
eyes the market nearly rpc Tor great rbGIlee.
tic Bodicp, ana Columbus ptOcks. We may bc wrong
No b" sure IN Puc InaucIs bai ds We fnid on
Saturday, IL there should not bc al excitement una
reasonable rxct"neh' 100 n Etochs l Titlin W.T. l NJ M
! New York VIII have ils work cut out f"r II.
Daring the week ending June II there were on
ployed III the BuIwcr Consolidated, 33 mcn at s (
! per day, 2 nj S3 30 per day, j at sG and at
10. Total pay o1 NIL, $69o 60. here were shipped
f0 ni during the sllnc period 1876 tons Of ore from
the 200 300 and 400 foot levels The average pulp
| assay WINS 80 0G per ton. Tie amount OF crudc
bullion received WIS 907 ounces, and the amount
| lemitted 10 New-Yurk Office. SIS 100. Duiug the
! week 62 feet of development work we've accom-
| phsIed.
Siuking on the Bew shaft at Lucernr has Lccn re-
! sumcd. The work is being rapidly pLsIcd by
! double shifts.
The Red Elephnnt shipped, June 10. three tons Of
ore assayIng 125 ounces per ton and three tons as
| SAYING 122 Onnccs Per ton; net value, $1,000. On
! tie 20 five tons were shipped assdyng S6 OuicC5
per ton net value. 1900
| During Inc week ending june IL there were en-
pgyed IN ihe Standard L, nst,dAted - NTH vt ~
! per day. II al 10. at - So at g. 5 at So at
! 81 %. ! az $3.50 pcr mouth, and 1 at $3.50 per
roltl total y-roll 1882. There were shipped
to the mills durng lne same period 1,066 ions of
! ore from the 3U0 100, $50 and 550-foot levels the
average pulp essay for thc week was $4S 20 per
! ton The Rsi0lInt of crude blllliOn received was
4G00 ounces, and the HlBOaut shipped 20 the New
/ York Ufiue t2t $40 OS The shaft WAS down
S35 fee, the rock rtinuing very hard. In the
north drift from the west crOseruf 750.fOot level
4 seventeen ieet of progress hVd beeu made. In the
south DRIFT from the west S00-TOUt Lowell
tile ledge 1hTec feet WIDE, ad IN Tie north drift
! 3S5-OOt level the ycu was runn.ng about tWcnty
| feet width.
| Ihe Mount Diablo Mining Company hns levied an
| assessment Uf 81 O share mud tile Sierrn Nngaoa
| Mining Company one Of 81 q share.