New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-11-10
fnY TELEGRAPH 10 THE TRIBUNE. !

san Francisco, Nov. at the annual election
Of the Western Company on Monday, IT. consOlida-
ton with the Sulphurct and Flora Morrison Com
panes under the name of Contention, effected.
Tn new corporation has 100000 shares, the West
cm Stockholders receiving 2OO,00o, the Flora
Morrison stockholders $4,000, and the Sulphuret
stock hodcis 5000 shares. The Western Company
will wind up its affairs and go out Of existence. 10
that end n has already declared dividend of 81 per
hare Another and final one Will follow as soon as
the bullion on hand and coming forward Is sold.
The Savage mine Is reported TO be improving both
in the SutrO Tunnel level and the 100 level.
The drill going east on the 1900 level OF Ophir
and Mexican has reached clay which it could not
penetrate. Something valuable is expected when
The drift passes this point.
The east drift of Yellow Jacket on tho 5000 level
is p9sstng into softer ground.
The Silver King has declared a dividend Of 20
cents per share.
The Comstocks are more active than last week,
but lower.
over 5000, 900 in assessments come delinquent on
Nevada mines III November.
BOpIE Cal. Nov 0.-During the past week Stand
ard Consolidated shipped TO the mill 657 tons of ORE
average pulp ass. y. Si7 So. Crude bullion re-
ceivcd. 4,20j ounces; shipped to the company
$50. DO2 10.
The Standard Bulwer mill is still undergoing
pairs.
the Boston Consolidated mine unit! after the sale of
the de inquent stock excludes all opportunity for
further information concerning the development on
the 400 level reported last wees
The Union Consolidated Company is starting
new tunnel 10 crosscut and develop its series of
veins.
Bodie Consolidated average pulp ASSAY, $53.
Bodie Tunnel average pulp assay, go.
LEADvILLE. Col, Nov. 0.--The reports circulated
by the lessees OF the Dunkin mine regard TO
nous profits realized from working the mine
greatly exaggerated, and have been given currency
with the view OF getting tho company to buy them
OFF Very little indeed Is being netted by the
essees above the royalty and the cost Of extracting
the ore which is all very low grade.
Bullion valued at $40, 4G3 90 was received In
this city yesterday from the mines
StorInont superintendent telographed November
s: bullion shipment, So 100"
The Spring Valley Hydraulic Company's new tun-
mel was advanced l01 feet for the week ending
October 30, leaving 1000 feet still TO he run.
Virginia Consolidated superintendent reports !:
lore extracted and forwarded TO mill during 0cto-
Der 300 tons, of which so tons averaged 1854 per
ton and the balance Sl07 per ton. Bullion value
for the month, $50 600 net value, $43, 900 Shall
remit $4,000 to home Office Total quantity of
ore extracted to date 4,5o2 tons; yielding
1926, 800 bullion value. Drifting from the main
shaft was begun November l, Everything at the
mine going smoothly"
Father de smet superintendent reports for the
week ending November that 100 tons of ore
were extracted from first level. 1,S00 tons from
second level, and 100 tons from third level During
the week 3 400 tons of ore were milled. Tho north
second level, is in 81 feet On the contract TO
break down ore for 100 sets of tinbers on the sec
ond third and fourth floors of MeGinty chamber,
ore for 20 sets was broken during the month.
State Line manager reports, October 49,
During the past week the work OF developing the
different springs has been going steadily forward, and
with good results Rapid progress has been made III
digging the ditch the line OF pipe between Miller
springs and the point OF intersection With the pipe from
the stewart springs. Pipelayng begun the 10Th
and up 10 last night about uireequarers OF mile had
been laid and after being thoroughly tested COW
cred The men now laying pipe viii probably have TO
be withdrawn from this work for few days to await
tho arrival Of coal tar from Francisco IN which ali
this old pipe dipped, but WILL IN the meantime be en-
plOyed digging ditch thrugh rule Canon and taking
up the old pipe where necessary: The work Of laying
ia lint
upon the arrival Of the coal tar 1t will be resumed ana
prosecuted with all the speed possible.
AT the mine work on the hosting works is progressing
rapidly that all will be In readiness and the sinking OF
the main shaft resumed within day or two, preparatory
TO opening other and lower levels.
In accordance with the letter OF instructions received
have de- oted almost entire time fastening for.
ward the water do not deem other work about the
mine than the sinking Of the main shaft there
being large supply OF ore on the dumps and blocked