New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-10-24
CLOSING PRICES or CALIFORNIA STOCKS.
SAN FRANCIsco, Saturday, Oct %, 1881
Yesterday. To.daC
fBY TELEGRAPH TO THE rRmUNE.l

SAN FRANcIsco, Oct. 23-R. b. Hard. one Of a
party of Oaklanders who left here last May in
search of mountain of silver ore, SAID TO have been
discovered a year before, near Galowin Bay, re-
turned on the COrwin, on Friday, and says they
found at the point designated, vast quantities OF
argentiferOus galena, plentiful that it was only
necessary to dig through loose soil 10 find any
where on the side of the mountain. Specimens
shown are of almost pure lead aud silver One hun.
dred and fifty dollars per ton in silver Is considered
a low estimate. The company will return in the
spring. Two men were left in charge. No trouble
is anticipated from the Indians
IL is reported that stock dividend OF 40 per cent
is about 10 be declared by the Martin White. This,
with the resumption OF explorations, accounts for
the advance in the stock.
ThefuTnace ut the Day mine is working Splenddy,
large guam tiles of bullion are accumuiaing and tho
managers predict that it will prove second Eu-
rcka. 49, -
The Supreme Court of Nevada has decided against
the claims of J. Abernathe 10 twenty-five feet OK
Consolidated Virginia ground.
Ore rom the ZOO level of Savage assays from
$14 b $50 per ton.
A drift will be started shortly from the Curry and
Best ard Beener lont shalt at the 2SOO station TO
Active work will begin soon on the $500 levels
of Alpha and Imperial.
Transactions IN the South and Middle Comstocks
have increased greatly within the past few days
The North end leaders are dropping, but holders
affirm that their sharp advance is only question Of
time.
Bodic stock does not respond 10 the silver-lined
reports of young Lent, John Boyd and John Kelly.
One Eureka furnace is closed
Bullion valued at $5O135 33 was received IN
New-York on Saturday from the mines, maSings
tot for the week of 1857 454 "a
The total sales of mining stocks in New-York for
the past week are officially reported by both Ex-
changes at S12,0l3 shares
Robinson Consolidated shipped l Is tons of ore on
Wednesday, and ia tons on Thursday, Good
progress is being made in the incline and shaft and
the mine Is looking well.
In ano her column will be found an announcement
of the Iron Bonnet Company. The manager at tho
mine reported October s: In advancing No. in
cline six feet the vein widened six inches and the
ore grew richer. The mine never looked as well a.
at present; every opening Is III rich ore" October
IA he reports: The manager OF the fullerton
saws it is the best he has In the district He Is
an old miner and good judge Of ore. B"
Battle MS spe1 Haba 5s Ghief AS
STAMP mill is about finished. though there is consd-
cradle work TO be done around the premises before
"FIhe railroad track has been graded to within an
eighth OF mile of the Starr-Groye mine, and the
iron to complete the road is expected the 10, Of
November. The mines are all laying in q largo
stock of fuel for winter, that they will not have
to stop work if the road should happen TO got
blockaded. The mills also have large supply on
hand, and preparing for their winter run.
The incline shaft of the Starr-Grove mine Is
being sunk the rate OF about two and half feet
per day An uprase has been i started IRON the
rapid work is being done. All the drifts are IN
ore of good quality. About thirty-iive tons of orc
are sent to the mills daily. =, 80, .
IAN uprase has been started IN the Chloride
mine to connect the wings and the second level.
be usual amount Of work Is being done in all three
levels. A large quantity of ore Is on the dump
awaiting reduction:
100 feet and the vein is opening out well, with
kindly looking quartz and metal throughout. The
contract on the lower tunnel WIN be completed this
which is being extracted.
betty O'Neal Is stopping out rich ore from the
lower levels. The ore will average 500 per ton
across the face of ledge. The new boiler and pump
have been put In place. Within week the entire
force in the mine will be put to work getting out
this nine and some fine bodies of opened up.
4 he company will probably begin crushing nexc
month ii il can lease one of the mllls.n