New-York tribune., 1881-12-03
CLOSING PRICES or CALIFORNIA STOCKS
SAN FRANCISCO. Friday. Dec. .. 1881.
Yesterday. To-day.

DENVER, Col, Dec 2--An trustworthy accounts
agree that the Robinson Consolidated mine has
plenty oi good orc IN reserve. Henry y. NOlcotl,
manager of the ArgO Smelling Works. has been
through the nJne three times. He expresses full
confidence in j.. The mine has continued ship
Inents to the ArgO Works daily. aud the ore has
been frst-class. WOcOtt says that If the reserves
arc as good--and appearances are that they are-as
the ore which is now being received at the ATgo
Works. then the mine is as good as ever. lie viii
hold on TO his stock which is considerable, no mat
ter what the quoted price may be, because he be-
leves the mine is al right. This Is also the state
ment Of all who have been through the mine re-
Gently, and of all the Colorado stockholders.
The official circular oi the Robinson Consolidated
Mining Company TO its stockholders, which appears
elsewhere in The TRIBUNE, will be read WIN gen
eral interest, and certainly shows laudablc dls-
% ,sitOn on the part OF the management TO furnish
the public with the latest and most trustworthy IN
formation at their command. The circular gives
summary OF the present financial condition OF the
Company, and accompanying the circular ls
the detailed report of the well-knOwn mining en-
gineeT, William AshburneT. The document speaks
for ITSELF and it is to be hoped Tor the credit of le
gitmato mining aud for the sake OF the hundreds OF
persons who have invested their money in the COM
panys stock, that the recent dlsparaglng reports
concerning the property will prove to have been
exaggeratioDs. The following dispatches, re-
ceiyed from the officers OF the company yes
terday aft moon, seem TO indicate that this
is the case, that wrong construction was placed
upon certain facts which were imperfectly known at
the time he reports were made public. Manager
Stevens to President Ives, in reply to inquiries:
discharged twenty men last week, Part OF them
cutting out for boiler ana alrcOmpfeSSOr HAD
more than wanted for 100-tOn output" Berdell *
WithereIl, managers of the La Plata Smelling Com @
pany at Leadyille, teegraphed Wednesday: we
are receiving twenty tons per day. averaging about
fifty ounces. Contract has Lot been forfeited
The trustees OF the State Line Companies Nos,
and held meeting yesterday, at which the presl-
dent presented the report of the manager, William
A. Farsh. which he had jpst received. The report
i'll full will be found in another column Alter tho
adjournment of the meeting tho president OF the
companies, in reply TO the inquiries OF TRIBUNE
reporter, made the following statements:
The resignation of the manager, MIR. Parish |
was accepted and James NJ Selover was appointed |
In his stead All present at the meeting OF the
opinion that, as Mir. Fatishs report differed es
sentially, 10 the quality Of the ore, from all the
information which the trustees had heretofore re-
ceived and from the reports and assays and samp-
ling of very large number OF the most eXpe- |
renced miners in the country, 1t was very
hard to believe that Mr.. Earisn was not mis- |
taken in his estimate of the value of the ore as
more than a of experts andexperienced miners
had found by their assays and samplng that the
ore would run, most of them believed over $50 per
ton and none of them stated il TO be less than $50
per tm. 1.-The samDling and assays of Lhesa ex-