New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-12-13
ley TELEGRAPH To THE TRiBUEE.l


manifested yesterday among spectators, and
sharp reaction took place from the low prices Of
Friday here are stIll many firm believers left who
pred ct that Alta Will develop Il bonanza. among
whom are senator John 7. Jones (nOw herel, Robert
Graves John Skae and other od-tlme operators who
invested information obtained from " Dan
Cook the principal manager. Seth Cook arrived at
the NINE Yesterday morning. FROM New York, and
will be present when the crosscutS reach the ledge.
The reaction had the effect OF changing tue tune OF
theStTec considerably regarding tue ruinOred saltng
nrocess Everything closed a Shade higher after the
Board adjourned for The day
r. C. jacobs vino has interests IN Sonora,
Mexico has late news that the Oakland mine there
has struck smelling ore in the tunnel, which has
peen run into the mountalL IA distance OF 400 feet,
yielding assays 20 per cent SILVER and ~ per cent
Navajo has levied an assessment of 90 cents per
share. 80 ~, 81,
contains an account OF a marVe lousy rich strike
of horn silver aud chlorides made yesterday III the
Kate mine, halt II mile northwest or tins CITY.
thirty openings have been made in different places
on tie claim aud each shows rich ore IN large
quantities. Il is the most valuable strike yet made
in the chloride belt.
LEApvILLR, COL Dec. 12.-Judge Hallet on Sat
nr,lay issued an order restraining the Iron mine
from working on the south end Of the silver Wave
and Bulls Eye claims. where the controversy has
The railroad will reach Robinson's camp by tho
25th then the Robinson Company has arranged To
make large shipments of ore to Leadvllle, Denver
and Pueblo. he silver machinery started ycster-
day.
The Denver City and Scooper strikes are the sen-
satiOns.
Bullion valued at 1854, 567 80 was received in this
city Oh SATURDAY. from The mlnes making total for
the week of 1896. Of0 80.
The total number of shares sold during the past
week at bctu Mining Exchanges In this ciey IS OF
6oially reported AT G97 .904.
Tie Spring Valley Hydraulic Company are in re-
ceipt of $50 pounds OF amalgam forwarded by the
superlntendent from the cleanup winch Is still In
progress at the nine. The president estimates the
| value of the amagam received ut SS0,OOO. IL wall
| take about two weeks TO finish the present clean
up. The superintendent makes very encouraging
| report concerning the prospects at the mine.
The Rarbee and Walker Company. OF silver Recf.
Utah, has recently secured the right TO yauabie
tract of timber land III the vicinity OF ITS NINE, and
is proposing TO erect mills and supply the other
mines IN that section with the necessary timbers.
| lumber, etc. The enterprise promises 10 prove IN
| IN every way The &trer Reef Miner says
AS the supply almost mex austiDie. mere will
haucelort be 30 scarcity Of good tmbers Tor mining
use IN that locality"
| The stockholders of the Durango Gold Mining
| Company are requested to send their addresses to
! the secretary.
The South Bodie Gold Mining Company reports
| that for months past crosseut aas boon run
| in an easteIly direction through Silver HILL with
the purpose OF cutting some OF the rich veins of ore
known to exist that locality. and this is
now III S57 feet. showing favorable indications at
various points. The COMPANY mad authority to mine
IN this ground from the holder of the State title,
| which was pronounced good by the best lawyers on
| the Pacific Coast and in New York; but from a re
cent decison of the United States Supreme Court
| 10 would appear that tho State OF CaIOrni9s title
IN matter OF question. In order to provide funds
to meet this question. and to protect the works
| the company from the claim got up by the Orc and
| other mines on Silver Hill, an assessment OF 20
cents per share has been levied which t believed
| will be sufficient Tor the purpose.
| The South Horn Silver Mining Company invites
applications for the first issue of treasury stock on
| account OF working capital This company was re-
| Gently formed for developing adjoining extern
sion of the Horn Silver NINE, of Utah
| and Is favOrably recommended by Professor
| Newberry and Others. This mining district
has now direct railway communication by
| means of tho Utah Southern Railroad
| afiording cheap and rapid Transportation toI
| mining supplies ana machinery. and the marketing
| OF ores 10 ~ reported that the company has al
ready begun work on the main shaft which in being
prosecuted with the utmost vigor. The undertaking.
Is projected under the auspices of well-kDown gen
| tlemen, who anticipate most favorable results
| The superintendent Of the Unadilla Mining Com
pany reports, under date Of December IL. Tota