The weekly miner. [volume] (Butte, Mont.) 1878-1881, 1881-06-07
MINING NOTES.

The Moulton Company now employ aforce
of 1856 men.
During the week ending May Goth Alice
took varied in price from $6.SS to $7.25.
Alta Montana stock is coming up again.
May 10Th it was quoted in New York at Z. 15.
Colorado is to have a State school in which
all the branches of practical mining will be
taught.
Yellow jacket has just been assessed ST per
share, and Hale q Norcross is subject to an
assessment of so cents.
The Boston & Montana, on the 18th Of last
month, paid its third monthly dividend of
one per cent.
Carefully prepared statistics show that for
every dollar expended in searching for gold,
between 81 and S. have been realized.
1t is stated that over 81, OOO, 900 has been
added to the wealth of our patton by mines in
North Carolina during the past five years.
An old miner who has been inspecting the
different mining districts of New Mexico
claims that the terrltory's great resource lies
in its copper deposits.
An expedition was recently fitted out in
San Francisco, and has sailed for Alaska to
investigate the reported gold fields of that
country.
New York Stock Report, Goth Since the
Sd of May bullion to the amount of $62, 0S1.44
has been received at the New York office
from the Alice mine, Montana.
The climate of the country near Sitka is not.
as many suppose. intensely cold. There is
considerable snow, but never very cold.
Heavy timber is the principal impeachment to
prospecting, and for this reason hundreds of
miles of the country along the coast has
never been prospescted.
The Territory Of Alaska covers an i'm
mense tract, and it will probably be many
years before it is even partly prOspected. Last
| season many mines were found aud no doubt
many more will be this year, for a number
of prospectus have gone up there prepared to
explore.-Maning Press.
Between 1902 and 1S4S the American hem
isphere produced S., 1884, 200 of silver bull
lion, or nearly double as much of that metal
as all the world has produced from 1S49 to
1880 inclusive; as large as may have been
the production in the United States since
1865, while the silver Of the first period,
mainly contributed by Mexico and Peru, was
in major yielded between 1850 and $780,
Mining Record.
A correspondent of the Chicago Tribune,
writing from Governeur, N. Y, says that a
paper mine is the greatest sensation OF Nor
thern N. Y. The substance found in it is
a species of tale and is found in strata from 6
to s feet thick or in assure veins of As de-
grees and unknown depth. The tale is
ground to powder and is then as soft as chalk
with a fibre like cotton, and is entirely with
out grit. In this condition it makes perfect
paper pulp.
A large and enthusiastic meeting of the cit
liens of Denver and the State was held at
Denver, May 14th, to favor the proposed
national mining and industrial exposition.
An organization was effected and an execu-
tive committee appointed as follows VIM. D.
Todd, representing the banks; V. M. Game,
the railroads; Herman Silver the press; A. H.
Estes, the. hotels; George Tritch, the mer-
chants; FL. R. Walcott, the manufacturers;
and N. H. Medium, the State Government.
A new strike in the famous Horn Silver
mine, in Utah of an immense body of $4OC
ore on the third level, proving the mine to be
a true assure, growing better as it grows
deeper, is another agreeable surprise in this
great mine, which is already a marvel among
mines. This last strike is said to be the rich.
est large body of ore yet found, and compe.
tent authority places the amount Of ore in
sight between the first and third levels at an
amount sufficient to make a net profit of S15,.
100000. There is no doubt that extensions
and claims correctly located on this vein will
share the riches which have been shown in
the development of this monster silver mine
of the world.-Chicage Mining Reuieu.