New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-07-23
SAN FRAycIsco CLOSING PRICES.

The LevIathan Mung Company has LEVIED an
assessment OF 10 cents a share.
The bullion REGENTS from the mines yes terday
amounted 10 S30.4GG II. -.
The Horn SILVER Company has received puilloh
The Mack Morris has shipped seven bars OF bull
ion. value 400, on July account -,
The product OF the Ontario. Utah. for the week
ending july If was $l1590. The west drift on
the 600 level was in 5G6 feet. Ore on hand IN ore
LITTLE Ghef shipped OBS tons of orc on Monday
The clear-np Of the Spring Valley Hydraulic be-
Gun on the 5th inst, and VIII be completed this
Tnc Rising sun has begun running stamps day
and night with more than enough ore TO supply the
The new 6O-stamp mill Of the Green Mountain
will be IN operation about August p. The mine
continues to show ore III abundance. No. level
east which IS 40 feet above tunnel No ., is IN
over 100 feel. carrying l2-oot ledge OF good ore
An open cut is being driven IN on the Telegraph
Consolidated. the whole face being ~ quartz carry
ing silver. The ledge Is regular and well-dehned
! showing rich ore.
Rough mineral and sand have been found IN the
main level east of Lark Vine IN the sacramento.
The supernteudent also reports that there seems 10
be a perfect ssure about hree feet wide. with foot
| and hanging walls ~ the bottom Of Frue's shaft
During the past week thiryOne tons OF all grades Of
ore were shipped, and there were sixty tons ahead
| OF the aSsurtcrS. . 49,
| A certificate of incorporation of the Kinney and
| Rodcrck Consolidated Gold Hill Mining Company
was filed Yesterday. The property is located IN Gil
! pn County, Colorado. Cdpltal Stock, S3OuOOO !;
shares 30 900, S1O each. Inc trustees are Dew ut
! &. Littleohn, iIugh Littcjoln Low l.. Lockwood.
| William Warner. Dennis Sullivan, julius ii. Pratt
| and William -. Chandler
Ores worked by Robertson process yesterday,
gold quartz aud ulphurets, from Texas Fiat mines
| Fresno County, California, give $50 per ton ; sill
| yer ore from Connecticut. 1888 per ton; ore from
| Silver Cliff district, T2O per ton.
| Eastern shareholders in mines on the Comstock
| lode viii be Interested III the following extracts
from an elaborate article printed IN The San Fran
| cisco BHiletia:
| lie expenditure on what il called the Comstock Lode
now at the about S2 900 600 Tor which
no rctnrn u made. Or what Is substantially the
thing none TO slockho deis II ought be said how
ever that considerable sum Is taken out, which all
swallowed up III the expenditures. Inc quartz mill
who have contracts Tor reducing ore are making
money as usual But II this reaches the
holders pockets unless they happen TO oe owner oil e
nils 1t is better just now 10 own the whee within the
wheel than 10 assessaOle mining stocks on the
ConstOck. s. thing has got 10 he done There must
either be honest discovery OF b0nauZa, or some day
| stockholders are exhausted. A mine may Dot be cX-
usted But the expenses OF mining are pretty nearly
In the ratio OF increasing depth The rule not aoSo-
lutely Iuc, because thers never vas so huch science
applied 10 mining now. Never before could such an
date. In some OF the mines OF mexico DOth orc ana
water carried up ladders on the b@cks 9i peOn-.
Now some Of the mines on me COns'ock LODE as
charge more than Il thOusahd IONS Oh water Il
| daV. One officially has not been overcome Wnen
water breaks out IN mine at depth OF more than
1000 feet which - Of the temperature OF 100 degrees
or near that figure u may b. possible 10 handle thdt
is to LIT up certain amount aud discharge H. But s
not so easy matter To control The temperature Mcu
| can only work a short time IN such heat. How to
cool hot is still the unsolyed problem How 10
extract ore nj the depth OF 5000 feet com
inc In al temperature OF 100 degrees, every drop OF
which would raise blister, ana COOK man II lac should
fall into il, Is stu an open question: II Il within the
possibilities 10 But the economic question s can
IL be done prOhtaby IL - evident mat there must
either BE- more favorable aspect 10 mining intefess on
| the ComslOck Lode OTIS must cease rom
sheer inability TO pay them. and from disposition 10
| let mining shares IN that locality =" go to the dogs"