New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-09-20
SAN FRANCISCO. Saturday, Sept. 1s, 1880.
10y TELEGRAPH To THE TRIBUSE.l

LFApvIILr, Co Sept. 1S.--lhe injunction suit
against the Climax Mining Company has been DIS
solved ANA the mine will start up on Sunday with
full force of men. George DAILY has published tho
full line o, correspondence with the Little Cbet
directors dating back 10 May. lie leaves here Tor
New-York on Monday night. Little Chict Is almost
entirely exhausted. CbrysOlite has ore enough out 10
settle Its entire indebtedness Its ore reserves arc
not vet exhausted. The average number OF fur
naces running AT the snelters for the month Is
twenty four, and the bullion product of the camp
tor September will exceed that OF august.
VIRGINIA. Nev., Sept. ls.-lhe Official statement
of OphIr Tonight makes the ore III the strike on
the 1900 level ASSAY rem T2l ia Sl3S per ton.
California raised during Gle week o20 tons o,
ore asSaying $2S n. Consol dated virginia raised
G2l tons of ore. and shipped SG5OS3 IL i'll bullion
E,N FRANCIsCo. Sept lS.-The Castle Dome
Mining and Srieltiug Company works at Merose
have produced 300 tons of refined lead and thir-
teen bars of silver, valued at $4,000. since starting
III June last.
Bullion valued at 500 4s9 0 was received in this
city on Saurd y from The mines. Total receipts Tor
the week, 1916, 1915 So
The bullion product of the Homesta!c mine Black
Hills. for fifteen days of September was 3,'3o
ounces of god worth about s5S. 400. The superin-
iehdent writes under date OF September ii In"
NINE looks well ut ali points, and tue Iniils arc
doing good work. Ihe vertical shaft is now down
l06 feet below the 100 level preparatory 10 opening
up the 200 level. We will sink 1t about twelve feet
far her before opening the station"
Tie Barbce and Walker has declared dividend
OF 10 cents per share, payable september =? at the
Mining Trust Company. Transfer books close
% "A 2.}u and the 2Oth lSltuJ
The Evening Star has declared Il diTi cnd OF
per cent on lis capital stock.
Ibe following extract from private letter writ
ten from LeadvIlle september TO- by a weii-anown
miner to friend IN this city seems Ia be "a true
statement of the condition OF the Little Chef mine.
That the situation concerning the ChiN sol,tc is
also pretty accurately stared Is quite generally be-
hevca THE Chrysollte Is 50 nea. the eud tha5
we can now with certainty count the days. and tho
Little Chef 10 completely exhausted, not 300 tons
OF ore remaining IN sight and the worst of il is
that there Is no prospect Tor any more as
nearly inch of the ground has been
run Though where there WAS the sight
est chance OF finding anything. Like Chef,
ChrysollIe has no intrinsic value, but owing 10 ITS
larger territory. IFS prospective value greater:
though, as things now look, the stockholders will
never get 81 per share IT," One of tue largest
holders OF the stock, III conversation with .
TRIBUNE reporter on Saturday. said: " As things
STAND now, tine mine Is only prospect, though |
think very excellent one; ~ the same time, there
IS nothing IN the mine now TO keep up the stock 40
its present figures. III 1t tor manipulation
by certain brokers and operators, the stock would
decline TO ~, aud even Ti per share. In TACT eX-
pcct To see 1t sell at ~ before Il takes a rise
A private letter from san Francisco says that San
Franciseans now see their mistake IN not securing
the mines OF Arizona for purposes OF speculation
well MS profit.
To-day aud hereafter the calls Of the American
Mining Exchange Will begin at 10 IL AMI O'Clock,
instead ot heretofore. The " free list" will be
cal led immedia ely after the regular IL o'clock call
only. during the past week the sales ut this Ex-
change. given in the Official Report. amouated to
2Si, 500 shares.
The superintendent of the Decatur reports under
date OF September ~: :" shall have tue whim run
ning on Monday next. The mine Is cooking splen.
dily. the pay streak of the VEN having widened IN
twenty inches. The lode pitches almost vertically
30 that have been able 10 keep the shaft nearly
strai gut SD far. Snail commence on shaft No D
again this week. The grading tor the new ore hons.
is all done. The shaft was sunk six feet this weeI
aud will do better wnen the whim gets To work y
An SO-stamp mill and IN engine If $50 hoys.
power wcre purchased on Saturday bv George %