New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-10-17
CLOSING PRICES OF CALIFORNIA STOCKS
SAN FRANCISCO. Saturday, Oct Is, 1881.
rBY TELEGRAPH TO THE rRrBuNr.l


SAN Francisco, Oct. 10-rhe week which opened
suggishly partially, redeemed itself in the last two
days. Until the drift from Union Consolidated
shaft approaches the Sierra Union Joint
Wine on :, 700 level important change in respect
to these shares is anticipated though the appear
aDcc of the market indicates the concentration Of
the stock for q new movement. The du.t east from
the . 700 station of Union shaft. and the DRIFT west
from Slerra-Unlon Joint Tlnze are in vein Of
pOrphyrny.
Bunches and feeders of ore continue to be cut In
the east drift Of Fotos on the 2,400 level.
large block OF ground in Yellow Jacket is now
ready tor exploration and prospecting has been re-
sumed in the lower levels
Alpha and Imperial are attracting attention.
Sierra Nevada and Union Consolidated are still
the keynoteS TO the market, and higher prices are
generally anticipated.
The ostponement of Ne rada Bank directors meet
ing detains Senator Fair here.
Late assessments Ulah, ~ HCntOn, % cents:
GOOdshaw. - cents OVerman, cents,
Contention dividend was reported prematurely.
Machinery broke down and duplicate ordered from
New-l ork not yet arrived.
Bullion receipts for past week Eureka Ibase,,
$1,000; Northern Belle, S2O,460; Standard,
King. So 900; Head Centre, $500; Bechtel,
$4,000.
TUCSON. Ariz., Oct 16.-The Contention Mining
Company, OF Tombstone through compromise TO
avoid Il lawsuit, has absorbed the Flora Morris
mine, its hosting works and everything pertaining
thereto; also 100 feet of the south end OF the SUI
phuret mime The hosting works of the latter Will
not go INTO the combination. The mines will DO
connected by drifts on different levels. No change
OF officers will occur until the annual election Of
the Contention Company. A lorty-Stamp mil is to
be erected at once for these mines.
TOMBSTONE, Ariz., Oct. 15.--SIlYer Belt struck
good body of orc on Thursday.
The Contention Company has brought suit against
the Head Centre for 500, 900. claiming that tho
latter is taking ore from the Contention ledge on
Its dip the side line. directly under the
face ground of Head Centre The Contention COM
pany made the same claim against tho Flora Morri-
son. which compromised before suit was brought,
superintendent White has assumed control OF tho
Ifgr. gf.an l.1nh
Contention and worked as part of that mine. Tho
terms of the compromise have not been made public.
Bullion valued at $4,000 was received in New
York Oh Saturday from the mines, making a total
for the week OF S427,937 ~.
The total salys OF mining stocks in New-YOrk for
the past week are officially reported by the two
Exchanges at 0S2, 725 shares.
Robinson Consolidated shipped Oct. Ii. 1913
tons OF ore, asslying 80 ounces silver Der ton 20
tons of oXidIzcd ore asS1ynG 1856 ounces.
The offices of the State Line composites were re-
moved from the BOreel building to No. 80 Broad
way Saturday. This action is understood to
have been taken at the request OF John Il. Alley
and his associates, VINO now practically control tho
affairs of these companies.
A Battle Mountain New, dispatch to the Mining
Associated Press, says: The mines of Lewis Dis
trict have improved so much IN the past two months
that 1t Is toregone conclusion that before an-
other quarter passes by the camp will be shipping
silver bricks every day or two. The new I0-stamp
mill OF the highland Chief Company will begin run
ming within weeks at the furthtst unless some
now in place, and the furnaces about completed.
The heavy work is at an end The Starr-Crove and
Eagle mills are running steadily, and crushing
the usual quantity Of ore.
THE incline shaft of the Starr-Grove mine
is now down over 100 feet, and has
countered q rich streak of ore in the VEN
at point where such ore was not looked for.
The Indications point to large chimney of rich
suphurets IN the ledge, which at this point is very
firm and well defined The air compressor is work.
ing splenddy and with il all ore can be handled at
| a very slight expense. Drifts Nos l and south,
continue i'll ledge matter OF a good quality, aud
have now advanced a considerable distance from
| the man tunnel or working level The ventilation
is excellent, and the miners find inconvenience
in doing good days work in both OF these drifts.
| Drift No. north Is being pushed ahead with tho
usual speed, and although running in The opposite
direction from the other two, IL shows large guam
tity of the character of ore. From this mine
alone the 40stamp mill could be kept going stead
| lily:
vancng at the rate of about three feet day, and
| the ledge is improving greatly in its face. Tho
winze is down to within a few feet of the second
tunnel or level, in good streak of irstcass ore.
The lower tunnel is now at point almost directly
under the Wine. The entire mine looks well.
1.-THE Eagle promises to be leading mine In the