New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-04-24
THIRD CALL-2:3O P. N.
For San Esaneiseo quotations. urecened rec run Page

For san BFanesto quotations. urecsfHed Gee run Page
Sinpe the CbrysolIio Mining Company declared
its dividend Of 100000 instead OF the usnal
monthly dividend OF $2OO,OOO, there seems 20 naee
outside stockholders in regard 10 tue management
of the company, and rumors (which the reporter
was unable to trace to qstwoTtay sources G,y
idend was to be paid from money not
earned by the company during the
Last month"; With view to aseertaining the truth
in regard 10 tie matter. Mr. George ID. Roberts, one
of the principal stockholders of the ChrysOte, AMI
also one of the trustees Of the company, was visited
Yesterday afternoon. Mr.. Roberts stated suDtan-
finlIy as follows: " The Chrysohte Company never
declares nor pays q dividend until the money has
been actually sent from Leadville. Inc ehheks LOT
the money with which the last months DIVIDEND
wa paid were received from the Lead
VILE office before the dividend was ordered.
It is impossible to say whether the money was for
ores actually smelted or not as do not know just
what had been delivered and not pad for. Our
contract with the smelter s for 100 tons per day,
and owing TO the bad condition OF the roads, they
have been Obliged to refuse ALI over that
amount There IS probably n large amount
of ore now piled mp awaiting shlpment.
and of course that rs Unacc0unted for
in fine reports-nnsmelted products. AT my sugges-
ton the method of paying dividends ut the com
panys office instead Of no heretofore at the Office OF
fbe Trust Company, was adopted 1T the Lass meet
ing OF the Board. never knew OF any other way
for mining company TO pay It's dividends. when
the books arc closed the secretary draws check
TO the ORDER OF each stakeholder for the amount OF
lis dividend and the stakeholder gels hs cash on
the cheek from the bank where the company has lis
funds In future tho ChTysOlte will pay monthly
dividends of 300 000 instead of $2O0,OOO We
intend to get fully out of the wOods before We re-
sume payuent of the old dividends Our new bids
nearly $4,000 per month. We do not propose TO
force our product until the railroad Is completed
and the condition of the roads has materially iti-
Snvsfintendent Reyes telegraphed on the 10Th a
remittance of 100000 on account OF the Chryso-
Mir, Eddy, representing by far the largest smet-
ing interest in Leadyille. said yesterday " The
leadylle mines cOuldsehOw much larger output
than now, If other smeters ana the companies IN
winch l am interested could take tier ore.
We can make $40 ton more when the
roads are good than we can now with the mud hub
deep from Leadville to the railroad distance of
sixty miles IL would be better for every mine III
the camp not TO ship pound OF ore until wheeling
Is good This ~ the difficulty with ChTysOlte and
some ether mines. Iney cbuld raise more ore X
they could sell it; but they CART"
The new exchange rooms OF the American Mining
Stock Exchange, at No. 63 Broadway, are being
rapidly put in order and will be ready for occupancy
not later than the frat week IN May. The various
committees Of both the Exchange and the Mining
ITusr Company are hard at work. and, though little
Information can now be given to tue public regard
ing their doiHgs, there is little doubt that they will
all make a good showing on the opening day.
Governor Latham, the president OF the Mining
Trust Company, will arrive in the city tomorrow
Tie total shipments by Little Chief for yesterday
and the day preceding were 233 tons.
Shipments by the Iron Silver yesterday and
the previsns day aggregated 335 tons
The Chrysote shipped 1873 tons to smelters yes
SUPERINTENDENT Henty of the Dunderberg writes
from Georgetown, Colorado. under date OF April IT,
that the 81 and 4th levels carried 10 and
inches of high grade ore respectively. The Slopes
hack of the Sd level had improved, and ON the
"a level both way, ways from the T Tinze were
from the LIST level were yielding
usual qTanhty Of EGs av. ore c., The bottom
II baa md "a ALI md
90 nifty Mineral sold frGm April to II realized
So 474, which. with 100 sacks 70 be paid for would
bring the amount to 81 600. The jig castings had
not vet arrived al the mine. Regarding the de-
nand for dividends on the part OF kewYork share
! holders, the managers of the Dunderberg say /:
1--WE own most of the stock, and il we can wait
| other holders can afford to do So"
The superintendent OF the Sacramento reports,
under date Of April 10. that the north drift from
the October shaft was then in feef. The contact
was more open and better delued than at last re-
port. The east drift from tue. Lark tunnel
| down IL feet in good mineral formation.
The west drift from the WINE was III
feet, the vein at this point being feet in width,
and assAyinR thirty ounces silver per ton. The Oc-
tober tunnel was IN ~ feet the vein being of bet
ter quality A stopping drift north from the OctO-
Der tunnel had been started, and the ore body was
being rapidly blocked Oat for extensive AtOping
The Colorado Mining and Stock Exchange of
LeRdVille, had, nt last adYces, twenty-five mem
bers with the following Board OF Directors: H. A.
w. labor, !; B Grant, w. u. James, Nelson Hal
lOck, G. e.. Howell, A. X. Meyer and 3. II. FOSg.
The price Of seats Is $500.
The LuceDe Company has enjoyed peculiar ex-
perionee lately. ledge was discovered by one Of
IFS employees near tho other properties of the conf
pany. Instead Of locating tine ledge himself, the
elnploy6 turned it over TO the company, and
the latter has applied for a patent on the
CLAIM. Developments thus far show that it
is equal in value TO the other claims
owned by the company. On the LuccIne. with a
shaft $50 feet deep, and on the new claim double
shifts are being worked, Work on all the mines is
being prosecuted vigorously.
The Dudley has levied an assessment of % cents
per share.