New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-03-16

Bullion valued ut S27, 500 81 was received in this
CITY Yesterday from the mines.
Two Of tho most important companies recently
ipcOrpOrated in Ncw-lOrk completed their organi-
cation Yesterday: The Oriental Gold Mining Com
many aud the Miller Gold Mining Company, each
owning five claims, 1,6O0XGO0 feet each on the OPP
poste eide of the mountain from the now famous
State Line properties III Esmcralda County Nevada.
The OFe4la cP0Pe anS soni bn e and 6e he%
properties are: Nova Zembla, Boomerang, indie
pendent, Keystone and East keystone, Zach COM
pany IS Incorporated under the laws Of New-IOrk
with capital of So, 100000 in 200 900 shares. The
officers are: Abel y. Breed, president; William
McCaulley vice-president; ID. +. Vcrdenal, secre-
tary and George ID. Roberts, treasurer; trustees
Abel d. Breed William McCaulley, George d. Rob
erts s. V. White William +. Shirley H.J Hall and
II. II. Honore. Systematic development work Is
now in active progress on the various pr pertles.
At the regular meeting of the trustees of the
ChrysOite Company held yesterday, no formal ac-
ton was taken on the subject of dividend. Tho
statements presented 10 the board showed about
$3.50 900 cash surplus on hand probable $50. 900
at least TO he expected by the 1st of April after
payment of the March expenses; tho contested tax
claims still unsettled the mine looking exceedingly
well: a considerable body of ore in sight, and the
extraction of ore proceeding vigorously The
smcteTs returns are not yet ut hand. The deter
minatlOn of the trustees TO MAINTAIN beyond all
risk an adequate surplus, and to pay no dividends
by discountIng the future, IL tho ground OF their
postpOning action in this matter.
At stockholders meeting of the Crowell Gold
Mining Company, held on Monday. about 3SO,OO0
shares voted in favor of the proposition 20 transfer
State Mining Company, recently Incorporated by
special act of the North Carolina Legislature. The
Crowe stockholders will receive one share of North
State stock and S25 par vaue for twelve shares Of
Crowel stock par value 81. The North State Com
pany is TO assume all present obligations OF the
Crowel Company. The necessary papcr5Hhre 70 be
executed at once.
The superintendent Of the Boulder Consolidated
mine reports under date Of March 8, that the
total length OF the west drift is $40 feet from
cut The vein 10 somewhat broken in face of
drift, and irregular, but has every appearance Of
improving. The total depth of tho first shaft below
the station is 81 feet. stOpe rs now being opened
in tho last Ore-bOdy passed through on the lower
level, which is showing mp well. The mine, upon
the whole is looking very well. II there are no
more severe storms the mill will probably be ready
to run by April J..
Brittensteue Company, says: First, second and
thirdclaSs ore to-day averages respectively l. 1913,
200 and 115 ounces silver per ton. Mines still i'm
proving"
The superintendent Of the DahOnega Company
reports that the ditch is delivering water all right,
and that the receipts at the end OF the month will
exceed $500. Three companies are now receiving
water and fourth will soon be ready to take all
that can be furnished. Surveys are being run TO
extend the ditch to other streams, and II Is believed
that water enough will be sold 10 Increase the
income from this source to $50 per day.