New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-07-07
my TELEGRAPH TO TIE rRIBUNE.l

c.N Francisco. July "a neaVy business Il
- dome in the Comsiocks at advanced rates. >,
Oe T rest crosscut 2 800 level. of Union Consoh-
I'D vas advanced IL feet the past week Inc
. level upraise has been connected WIN IN Ine
- stones above During the week oOO IONS OF orr
ore from the $500 and 1900 levels and
$40 tons were sent 10 the mil. - Cbris+,,
Bullion receipts for t the sd past FTTeka Conso
go S14 500: Standard COnsohdated, SdI,IfV;
Rodie Consolidated, S11,9l7; B0dle i unhei,
So $50; star, $4.6SO; Pleasant valley 9o'oto;
' Peasant Valley has declared dividend OF per
Grand Prize has been assessed % cents per share
HALIFAX, y. 5, July ca syndicate OF New New
York capitalists is about concluding the purchase
of the Burlington property, langier District N, :,
The syndicate has hello bond on the properly IVI
several months, during winch tIne II has ~
Iy tested the extent and value OF the leads, me
celebrated Niger lead passes entirely through tne
length OF the propertv-4,7OO teet-3nd is aOo9I
two feet wide. Shafts have been sunk ana runners
run on it, proving continuity and unl1OrTIly VI
VEIN The Leary iead-abOut ten mches Wlue7Iu u1
been proved distance of 40 feet and traced the
entire length of theprOperty. me hent iedS H I
also been struck the property by shaII Hol INC
surface $50 feet west of the Satcmo company
line showing the lead to be three feet vice. cross
tunnel Is being driven 10 lntersect tne Kent edu
1880 feet wes OF the Satemo line. This tunnel mas
already cut the Niger and Braham leads he ~ nuI
cate has also obtained control of the PttsDuIg COLI
panys mill just completed, and controlling tAe Gu
tire WateI-poweT Of the Iangler rlveI-3,OOO morse
power. The mill Is only 200 yards IRON tue W9s-
ern boundary of the Burlington property. Inc
milling capacity will be increased 10 sixty stamps,
at small expense. mlll-test OF the Niger lSsH
has just been made at this mill the ore yieldlng @!o
per ton. competent mining contractor OAleiS -
mine aud mil 10 600 tons OF the Niger ore loi 90
per ton. using the Pittsburg mill ana WateI-Po"SI
An equal or greater quantity OF ore can dISo nc
mined from the Kent lead. careful esu-
mate made by actual measurement SHOWS
on the Niger lead alone over 10000 tons OF ore III
sight. CnImneys of ore IN tins lead mil az hlgH
AZ 800 per TON. The Leary lead shows by record
an average weld of @l5 per Ton, and the hent ore
now being milied yields from $40 10 SoO per JOh'
AS the above properly immediately aI0ins the
SatemO on the west the Developments IneLbOLeu
prove the value OF the SatemO also A. soon as the
additional ten stamps are running IL the Sate1lO
mill dividends VIII be earned.
Bullion valued nj $j5. 900 was received III this
city Yesterday from the mines.
The closing prices yesterday OF the Lake Valley
stocks, as reported by Watson Il Gibson, were as
follows: Gfande and Plata, S5Q$5 so; Bella,
II 9OdS2; Apache, IL coal 20.
Rising sun official report says that all the stamps
Of the mil are running full time, and that the
ledge in 600 level Is now 3I2 feet WIDE
Father de Smet superintendent reports, June 20
Herewith express cOmpanys receipt for bar No.
1877 oS4 % 100 ounces gold bullion, the result OF
increase II some the latter part OF the month, but
hght months run may De expected. Continuous
rams interfere with our outside work and we are
compelled 10 get wherever we can without re-
Rard 10 value OF ore or average OF clean-ups, The
ofe-DOdy spoken of IN former letters sui continues
lhe dflft IN this BODY with Golden Gate header
II not Yet made. As soon a. II Is chamber will
d. opened out, when the value OF the OTeb body Will
be better Determined