New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-07-31
SAN FRANCISCO CLOSING PRICES.
SAN FRANCISCO. Friday. July 80. 1880.
To To

SAN FRANCIsCo July 30.-The advance in Mount
Dlablo from $40 to S14 is the only noticeable fea-
ture in the market for the past two days.
| The rise was at first attributed to pur-
chases for short account. 1t is now learned.
however, that an important strike of a new ore
| body has been made fourteen feet above the 243-
from the shaft the centre OF the mine and on
this same level is also reported to be entering what
| is known as the Collision VEN. Assays from the
| new strike run as high as $500 per ton.
PeckIam, Floods broker, bids giving rates to-day
| for 10 900 share blocks of Union and Mexican.
Twenty five bars of bullion. valued at $40 122 90
were received III this city from the mines yester-
| day.
Horn Silver received yesterday II bars of bull
Alta Montana shipped July 81 and %. 10000
pounds base bullion assaying 300 ounces silver and
| 5l4 ounces gold. There were on hand ready for
| Shipment $4,000 pounds.
Annie shipped 81 tons of first and second-class
on Ihursdav, valued at 81 500.
| Little Chief shipped 3O7 tons on Wednesday and
| Thursday.
Chrysoliie shipped SO tons to smelters on Thurs
day. Ore staten eut for week ending July % shows
| .O45 tons delivered: paid for during week, 1893
tons; paid for dnrng month 1917 tons; unpaid
for Az tons cash received curing week. $34,95S
during month. $77,73S; average value of ore per
ton, S72 SO.
During the week ending July "a the Dunderberg
PAID into the bank 81 ,915 43 from Cobbed ore. and
81 $40 20 from ore rom the Jigs. leaving 200 sacks
unsettled for. There was no change in the work
ings OF the mine.
mill run of ten tons of unsolicited ore from the
Mack Morris recently gave an average of over 1880
per ton. The mill is working up to 80 per cent
of the assay value.
The superintendent of the Mount View Consol-
idated Arizona, reports that he IS In rich antimO-
Mai silver, averaging 800 per ton. and that the
vein 4l2 feet wide.
The shalt at the Copper Knob Is down 200 feet.
from which point level is being driven the
vein. The ore still holds good. averaging $50 per
ton,
The rich pay streak of gravel on the Trinity Hy-
draulic has increased from four TO fifteen feet more
than realizing expectations. Prospects in the face
of the pipe run from ten coors to 10 cents pan.
After the first months run. manly Top gravel,
the superintendent predicts a monthly yield Of
$4,000. The supply of water is plentiful.
A ledge of quartz four feet In thickness has been
struck IN Silver Queen, Arizona. alongside the cop
per ledge
Mil runs from the different claims of the Silver
Prize Company give an average of sixteen ounces
per ton, with from half TO three-quarters of All
ounce gold. The expert sent out 81 report the
properly recommends the Immediate erection OF a
40 or 6O-stamp mill.
The two old shafts on the Cherokee mine. adjoin-
ing the Green Mountain 40 and $50 feet deep re-
specively, filled with water after the fire about five
years ago, which destroyed the mill and hosting
and pumping works. After pumping the water
from those old shafts and the lower
levels, II was decided to SINK q new
shaft sufficient in size for three compartments.
Work on this shaft Is now being prosecuted. The
company own two caims-the Kettle and the Gale
q jnia-whch carry vein from eight TO fourteen
feet vide from which $4,000 in gold was taken
by the former owners.