New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-01-29
CLOSING PRICES or CALIFORNIA STOCKS

Ten tons of ore shipped from the Chrysolitc
mine on January ~.
telegram from Leadville announces that the
Jury in the case Of the scare placer claim against
tho All Right lode claim has given verdict for tho
latter This is cascof conflicting applications for
n United States patent aud the verdict will prOba-
bly remove the obstacles to the issuance of the All
Right patent. The All Right being one of the
claims Of the Chrysolite Company. the officers of
the latter are much pleased with this result
II is officially stated that the Arizona creditor Of
the Silver Nugget Company, who came 10 New. York
TO arrange for the settlement CT his accounts, has
accepted the proposition OF the company made at
also stated that the other large creditors of the
company have agreed to the proposition made At
that meeting, and that work on the mine will soon
be resumed.
The following judgments against mining compa-
nics were entered yesterday in the Marine Court of
Ncw-York Robinson Electric Ore Reduction Com
uany 1886 40. with interest aud costs; North HIte
and Yosemite, 1888 80, with interest and costs ;
Telegraph Consolidated, $3.50 so, with interest and
costs.
Among the many mining properties which have
been quietly developed and placed upon n paying
basis by New-YOrk business men the Exchange
Silver Mining and Milling Company Nevada. IL the
latest instance. During the last Two months active
development work has been III progress, and the
mine IL producing about 81 800 per week in bull
ion from eght-stamp mill, which is shortly to
be increased TO twenty stamps. All Exchange bull
ion Is shipped TO the Farmers Loan and Trust
Company, OF tins city, and the current monthly eX-
penses of the company are paid by check upon the
Trust Company. The mine Is in charge Of j. H.
Roberts, al experienced practical miner. Mr. r. NJ.
Wilson. who is well known both in Cali
iOrnia and NewY0rk as mining engineer
of character and standing. in private letter TO
Messrs. l.. Z. Bayne & Co.. states III regard to this
mine The mlne has developed really wonder
fully. Larger bodies OF ore than we had when
first recommended tho purchase of the property
have been developed, and 1t keeps improving every
day. Ii will prove 10 be an immense mime The
ore has been worked just as it came out--nostly in
running prospecting drifts, shafts, ETC., and has
averaged $60 81 per ton. Had we the mi ling facil-
itlcs We could give you almost any income tou
might want. With 2Ostamp MILL would gllaran-
tee YOU monthly dividend of $4,000. aud sur
plus beside. The ore is now opened for distance
of $50 feet In length, and Is continuous except I'm
fe W small spots and the VEN runs from to feet
WIDE"
An occasional correspondent at Silver Cliff. Col
gives the following items regarding the mines OF
that district:
In 1880 there were twenty-four producing NINA
in Custer County. The Silver Cliff extracted ore
ten months. the Bull-Domingo and Bassick ak
months, the Poonia four months, aud
one week to three months. The remaining seven
produce ore too low grade to yield satisfactory
margin. The Bull-Domingo. Plata Verde Kate.
Humboldt Leavenworth CbeftniL. Invincible, Pc.
Iona, Twenty-Six, Horton, Bassick and Del
Monte the only mines that are ct present market
ing their product. The Horn Silver, Hecla, Boul-
der Buffalo Hunter. Vanderbilt Milkmaid, Song
Bird Lone Star Sitting Bnll, Silver Pri7N. Julien.
Plata Piedra and California have sold enough ore to
test their value. aud will put up mills this wear.
The Plata Pledra will have twenty stamps dropping
on it's ore in very few months. The Valley City
Company's property and Game Ridge Consolidated
are in pay mineral, and only need development OF
the ore bodies to become productive.
1t is officially stated that stopping has been begun
mine, and that the taken out Is cleaner and of a
higher grade than has been exposed III any other
opening The south stope around the winze Is look.
ing well. drifts being run south IN ore next to