New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-04-01

The Mining Trust Company have secured No G.i
Broadway, MS an exchange loom for the Of the
Amer lean Mining Stock LNchaHgr. vlnci IL
to he organized under Its auspices. The
Exchange room Will lee 1Oix3N feet with a
ceiling twcnty-.irht feet hish. and viii aii"r.l
annie gallery accommodations for Inc public. AZ, =
atoms have already lccn begun under The
direction of Mr.. SophCr ID. Hatch. The
nrw room will Lc rc:My for occupancy
about the lit Of Mny. The directors rom of tir
Grrman-AmcrIcan Insurance. ,'onpaiy. the Gr-t
floor Of the lorrel luid.ne. hrs teen secured %
board-room Tor the Muinr Trust Company. Tie
ncwly.clcc;cd mcrrbrrs of he Exchange Will
be- c;lrd Together aUnlli H., 9Th If AiIii for the
pui pos" at ol,ctInE officer r and appointing their
committees GoNrrnrr Latham Is expected TO re-
turn by the middle % Arii.
The silver La Mining Company. Of Gloh" Dis
trct. ARR ma. are about rccOnstruciinU and rlIrg
ing Tie old mill at GLIB" (itN, tor Use CuIiLg TIE
erection OF the stamp mill al the mnrs. LARGE
ho .ies OF rich ore are being developed.
The water supply. which IS always an i'm
p"rtant element IN Arizona mining, IL abundant.
As will he s"cn BY mn advertisement published else,
where III this lssnr 5000 Slairs of the hlnck of The
Company are now offered at $40 per share; pay
mcits, Uncalf cash, the balance OH or before Anil
When the Little Pttshurg mine WIS prolucirg
125 $50 tons Of ore per day from $50 h. 300 men
were employed. Now, when the yield is
much less, and devclopment work Is mainly
s'InG n dnM", If f t o i"r's .y Is mot nG~aTy
but it IL not true that the Little Iittshurg Com
pany had Slapped work entirely and discharged all
their men. Dispatches 10 this effect were freely
cnlatcd yesterday. The company is studying
economy.
The bar valued at S3O,8sO. representing the first
Honestake clean up FOR March. has been received
at the office OF LOunsbcry - liaggu THIS repre-
sents about one-tIIrd of the production for the
month.
During the past Winter the Homer Mil and
Mining Company have advanced their tunnel about
200 feet OH one Of thrr lodges. Recently they have
cnt two new veins in their workings, both showing
high grade ore, which Of themselves would make
the mine valuable and they still have to reach the
largest VEN toward which they arc driving
The new stamp mil of the Colorado Prince gold
mine will start within few days under the drer-
tion of Mr.. JEyG Kelley formerly of thc1FIomestake
mine. There now nearly 5000 tons Of ore ready
for treatment. and development IS being rapidly
pushed under the new management.
There arc reported important strikes in the Low
land Chief COnpanyB property. Development IL
being vigorously pushed in the lower shafts with
view of reaching the large body OF the IIlph.
land Chief ~ early AZ possible
The shaft in the original Summit mine tBOdn)
was down % feet below the 1OO-fOOt level March
%, carrying the vcln which is increasing III SIZE
OH the foot Wail The ore still continues rich
The incline in the l}odle Bluff Consolidated vvos
still following the foot wall on March 22. the ledge
looking well and CARRYING the usual amount Of good |
ore. Al a depth Of 200 feet drifting on the vein will
begin. when 1t ~ expected to strike the Belvidcrc |
ledge.
The tunnel of the Rocker mine tNontanal is now |
III 100 feet. following The fOOt.wa of he vein. An |
ar shalt from the tunnel has been raised 800 feet
from the ltycl. The ledge winch the tunnel fol- |
lows Is about 90 feet Wide the pay streak next
the fOot-wal showing from ~ inches 10 3 feet of |
mineral. CrOsscuts 10 the hanging wall expose |
several other pay strcakS. in all aggIcgatng about
10 feet Of pay ore, running 100 ounces per ton.
TGcrc were at Last advices ahDnt 900 tons Of ore
in sacks and on the dump which Will be shipped To
the works of the Alta Montana Company for ieduc-
ton
The treasurer of the Mohavc Mining aud Milling
Company Photographed yesterday that l}udrn shaft
At tun!rPs mouth was down % f,t. and
That the ore assaycd $50 god and $50 sill
yer per ton, with the vein Widening. This is q new
'liait sunk sncc Sir. ChawnS arrival, aud. If is |
claimed. more than confirms previous estimates of
tue value OF tho mine.
letter received Yesterday from Superintendent |
Iuiold of the barcelona, under date of the 2hI |
says: The mIme is looking splcndidly, and We |
nc III high spirits owe. our fine deyel- |
,pmnnts We arc running ahead in the
nnncl. Have gone through hard rock; all pick
ng-grUuud now. but do not know how long ii viii
asst If continues soft we will soon he INTO the
edge as tins seems to be ledge matter We arr als1
unniug south on the CInnabar ledge, which looks
inr"
The station at the 150-foot level Of the Bull
Domingo is now Completed and drifting has begun
o~ards the main ore body. Tne orc becomes
icicr as depth ~ attained. 1t IL stated that the
Ompahy has ample funds for beginning dividends
nd that dividend Of 80 cents per share will be
ccafcd to-day
IL IL reported that "a good body of rich ore" has
cen struck ia the Climax.
The Horn Silver mine now has abont 5000 600
Torth OF bullion III the yard Mt their Bmelter and
bout $2OO,0OO more in transit or ut the refining |
OT kA III Chicago. Tho estimates Of Yaluc arc basod