New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-02-21
FOURTH CALI O'CLOCK p. NJ.
lnY TELEGRAPH To THE TRIBUNE.

san Francisco, Feb. 29.-The Comstocks closed
yesterday weak and inactive. Candelara district
Shares aud Silver King of Arizona steadily improve
The Betty UNeal mine closed down on the 10th
in consequence of a raid by the strikers from the
Starr.GrOve mine, although tue Betty O'Neal had
not reduced wages
The Banner has levied an assessment of 25 cents.
BclyIdere 20 cents and East MONDAY 10 cents.
VIRGINIA. New, Feb. 20.-During the past week
Sierra Nevada raised 322 tons of ore, assaying S1O1
per ton. -, -, y ooo,
but will 90 to the 200 level anu run under the ore
body and develop 1t by upralsrs
Alta complains that Silver Hill pumps water into
the Justice shaft which runs into the Alta shaft and
increases the water three-t0ld
The Yellow Jacket has advanced 80 feet toward
the Sutro Tunnel and IS only 400 feet distant.
Bullion valued at $305, 145 % was received in
The total sales OF mining stocks during the past
week Mt botn exchanges are officially reported at
0S7,i65. ,,
the mine IS shipping fifty tons daily and that every
thing Is working smoothly.
correspondent asks: -" Is the report about the
recIIy made II so, eau you explain why about
month ago the directors of that mine issued cir
culur TO the shareholders stating that the mine was
sbut down because tine money on hand was reduced
I'm nbuut 81 100, and there were taxes to pay and
M ore in sgut Further. if these thugs So
You doubt that greater iiar Ih9n MvlGlauSsn mas
vii,Ic % The report rs given in The TRIBUNE
WINS condensed from the Leadville papers, which
Canprnlly well lntOTieu tue COUulJlOu Oh
Inc mines of that camp, and was probably correct.
IL IA said that the nlStle mine, Querua, Cal, has
been purchased by the BaSsicK Company for
V' lie Star Company New made the following
bnlhon shipments during tho week ending Febru-
arv g; January %, 81 $50; February /, S2,050;
Febrnary g. 81, 800. rotal $4,000.
The Exchange Silver Company shipped during
the same period two bars, valued at $4,000. The
weekly shipments from the Exchange mine are
yegunr and IL is the purpose Of the company to ill.,
crease the number of its stamps TO insure u larger
nrodmct of the previous metals than 1t has hitherto
RnIhon valued at sc, 800 was shipped from the
R1rbee & Walker mine on February 10.
telegram dated February IL, from the engineer
of the Pumas National Gold Mine, states that the
chlorine works and cOnccntrators were all working
welI and that every thing was in good condition.
TLe Carolina Wdtchman, Salisbury, n. C., February
II, has the folowing
A nev English mining company ilimited) was organ
izsd In London last January Tins company mas capt
ri nj $50 600 and will work the Hoover Hill gold niue.
IN Randolph County, after which mice they Jake their
name" Hoover Hill Gold Mining Co." The directors
re prominently connected with mining In this country.
the resdo Mt being also president OF the Richmond Con-
1dated SILVER Mine OF Nevada. Quite number Of the
nohty OF England among the STOCKHOLDERS OF tue
Hoover Hill Gold Mining TO.
William Brandreth and Others named in the char
ter no incorporatOrs of the North State Mining COM
parry left New-York on Saturday for SALISBURY aud
will complete the organization OF the company
during tho present week. The preliminary surveys
for the company's railroad have already been made
and active work is TO be begun immediately The
road will open up valuable section OF the late,
Senators ConklinR, Eaton, H. +. butler aud Others
are said BIS largely Interested III new process OF
treating low grade which has been devised by