New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-07-11


SAN Francisco, Cal, July 1O.-But little work
was done in the North End Comstocks last week,
and the quantity of ore extracted was small;
The Union Consolidated output OF ore VIII I NOT De
increased until the upralse from the 27OO level con-
meets with the $500 level Slopes.
The ore in Mexican Wine still holds good. 1t dips
to the east. 49,
has been begun on the 1900 level;
Silver King has declared dividend of % cents
Assessments New-York Fill 10 cents per share,
Fresno Enterprise 10.
BATTLE MOUNTAIN, New, July 10.-The main
shalt of the Betty ONeal mine is now down 3Oo
feet The heavy flow of water coming IN Is Keep
ing the pumps running to their fnl capacity
small quantity of ore is being taken out daily
Work in the Morning Star mine VIII start up IN
short time, and contracts Will NC le' Aoi luinAns
new level.
TOMBSTONE Ariz., July 1O.-The Head Centre
mill has started up and the force OF men on the mine
The Grand Central drift from the 400 level has
an IS-Inch vein of $l00-ore containing very little
silver. f.. ro ,.oo
A small body of very rich has been struck 10
the south drift from the 40 level OF the Empire
mine.
ELPAso. Texas. July 1O-The Iron King Nine
near IIllisborough n. NJ, has been bonded to ex-
Governor Tabor for $500
Important strikes OF petroleum are reported irom
below Chihuahua, Mexico. -
The reported stoppage of the Lake Valley mill on
account of the giving out of the machinery is false
The mill Is running day and night The machinery
being double action the giving out OF any part
would not necessarily impair the working oil
anv other part to its full capacity.
Cincinnati capitalists have sent an agent TO ex-
anime the Hawkeye group of fourteen mines,
Organ Distnct,N. NJ, with view To their pur-
chase. 80. 90
The Southern Pacific Railroad, Galveston, Tar-
rsburg and san Antonio Division has reached q
point $40 miles from I'll Paso.
Bullion valued at $4,000 was received in this
city yesterday from the mines.
The property of the Southern Eureka Mining
Company Greenville, Plumas County, Cal.
which was placed on the New-York market about
two wears ago. has just been leased to the Conserv-
alive Gold Mining Company, IA corporation organ
| ized under the laws of kew-YoTk This action was
| deemed advisable by those present at the stock
| helders' meeting of the Southern Eureka Company.
held June 10, 1882 Under the terms of the lease,
winch runs for five years. the lessees are required
| TO turn over to the Southern Eureka Company 70
per cent OF the gross product OF the property The
essees have the privilege OF renewing tue lease 1ol
| an additional term of i've years upon basis OF 20
| per cent of the gross product TO the
| southern Eureka Company. The lessees are
reoutr,d before the LIST OF January, 1888, to add
Eve stamps to the present mill aud before January
| l. 1884, to construct new twenty-stamp mill, III
addition to the present milling facilitles. All the
| machinery now on the ground, together with that
winch is to be added by the essees is to revert to
| the Southern Eureka Company on tho termination
| nft lie K
| tInguishment of all liabilities of the Southern
| EuTeka Company by The lessees 1t Is believed by
those best informed, will place the stockholders of
| the southern Eureka Company III position which
will entitle them 10 d'luenus ebneu Wllinn the
The closing quotations yesterday of Lake Valley
stocks, as reported by Watson y Gibson, were
| Grande and Plata, S0i2d pos; Dela, PZ 1OOPZ A
| Apache 81 60G%1 80.
| The Old Dominion Copper Company produced for
| the twenty-one days ending July s. with one fur
| l.,,Ii. xrsltt. ~
| The officers of the company state that the other
| two furnaces are about to stalt up.
| Father de Smet superintendent reports that from
June ~ to July 200 tons OF ore were extracted
| from LIST level 1000 tons from I'd level and 80
| tons from Sd level. Ore mlled, 3, 80 tons. The
total length of Northend tunnel Is o66 feet; west
crosscut, tramway Level. 70 ieet; Holaen Gaze a
| crosscut, 40 feet. Golden cate header IL III l3l
| feet; 3D. level header III ~ ieet.
| SUPERINTENDENT Minnie Moore mine. Wood River
Idaho. telegraphed July 3: Second level west
| has three feet of high grade galena. The east
| second was cut through ore for twelve feet"
| Mountain Consolidated superintendent reports
| from butte City, Montana, July 2: " Depth OF
| main shaft, 800 feet; crosscut at second level IN
| 81 feet"
. "Uibernia Stakeholder" is informed that as
| stated m IHE TRIBUNE of March %, 1882, the en-
tire personal ana real property OF the Hibernia Con-
| sohdated Silver Mining Company was sold March
oo IN satisfy Judgment note iOr go, SS3 III favor
| of the First National Bank of Denver The right
| of redemption Will expire III September next LII
order to raise the money necessary to redeem The
property some of the stockholders OF the OLD com,
| Dany organized "a new company with capital OF
| 400 600 shares If III each, which stock is now Of
fered TO the old stockholders In exchange Tor the
old certificates and the payment OF 10 cents per
share The 10 cents per share can hardly BIO called
AN assessment. as the old stockholders unless they
redeem the property themselves have no interest IN
The HibernIa mine. having allowed IL W Dc sofa al
judgment sale.
| "PeeksIdll Subscriber."-The last assessment on
| Consolidated Virginia was levied January 3l,loe2,
| and was delinquent March e