New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-05-02
BY TELEGRAPH 70 THE TRIBUNE.

RATTLE MOUNTAIN. New, May 1.-The Betty
O'Noal mine is turning out large qnantltX or hIgh
grade ore Two teams are hauling to the Eagle
The Highland Chief Mill is still idle, and the mine
is not being worked. ~ =
The Morning Star has GOO tons of $50 ore on the
dump ready for the mill
The manager of the Dahlgen mine has gone to
San Francisco.
The Battle Mountain and Lewis Railway was sold
on Saturday to II. ID. Gates of Lewis for $1,000.
Bullion valued at 81 900 was received IN this
city yesterday from the mines
Bode Consolidated superintendent telegaphed
Apfil 80: "Shipment. S10,S73. In wnze No. II
the vein is one foot wide OF very rich ore.
Big Pittsburg superintendent telegraphs: g Pier
son shaft looki splendidly. Ore body hve feet'
Father de Smet superintendent reports for week
ending April 22 that 40 tons of ore were ex-
tracted from frat level and 1125 tons from second
level. During the week 2,Z75 tons OF ore were
milled he nOrth-end tunnel Is IN 542 feet, the
west crosscut tramway lever, is III $50 feet aud the
Golden Gate crOsscut is III "A feet The Golden
Gate rise, No. =. is up ID feet.
Superintendent of Union Consolidated of ,Bodie
reports April -: "South drift. Banner lode, adj
vanced If feet; total length 237 feet. Ore in
creased in quantity and of high grade. Main tun-
mel advanced / feet total l5s feet: Since, cut
ting seam of quartz seven inches thick, rock en-
countered softer, and a strong seepage OF water;
rock containing lunches OF spar similar To that
found in wall pOrphyry of Banner lode"
The annual report of the superintendent of the
Tombstone Mill and Mining Company for the year
ending March 81. 1852, which has JUST been re-
ceived shows that he total weld of the company's
mines for the year was o. Id6 tons OF ore, the
approximate market valne OF which was
81 ,376,047 10, or an average OF $40 90 SILVER anu
81 "a gold per ton. The average value OF the ore
from the beginning of operations has been 500 i Z
per ton. The total outlay for the year Tor work
and materials was S6S1, ~ u, ana the cost on
mining and milling 500 40 per ton. The
nresent outlook for ore the snperne considers
exceedingly good Large quantities OF ore remain
i'll the Combination ore body the Ioughnut lG0-ioot
ore body and below the 250-fOot level of Good
enough During the year the Corbn mill was
changed entirely to wet crushing the Gird mill re-
ceived five new stamps ana an engine, ana other
changes were made increasing the capacity OF The
mills from 60 tons to 10 tons of ore per day. The
company now has about 10000 tons OF tail
ings at the mills which are estimated sirn ao to
and lead per ton. From these tailngs eight tons of
g ncen;rates are now beng obtained daily, con-
tanning about 20 per cent lead ana 30 10 70 ounces
silver per ton. About 80 per cent OF the va.ue OF
the taings obtained III the concentrates but this
Weld will shortly be materially increased by new
method of operation. circular OF the directors Of
the company. accompanying the report, states that
the bullion yield Of the mines fOr the ht>t three
weeks of April was $1,000. The net Indebtedness
of the company on April %. as shown BY Tie CIrcu
Lar. was $349 9J1 %. The directors have con-
tinucd 10 pay, from the net product OF the
mines, regular monthly dividends raj or man APP
prOpliate the amount to the eXtingulShmcnt of tins
deOt considering the tailnGs beds an asset more
than sufficient for that purpose in which assumption
subsequent Developments Justify them. Two plans
have been before the board for tie application of
these beds TO the payment the dent-irst. d" that
the company should temporarily suspend dividends.
aud, long as should be necessary, apply the net
proceeds If the mines to the purchase OF suiicicnt
concentrating and smelling machinery to rapidly
wO,k up the 10000 tons OF tallngs
in the beds, and those accommodating at
the rate of 10000 tons yearly y: Seeond.
to sell the taings beds 10 a company TO be formed
for that purpose, Tor sufficient amount OF money
in cash 10 pay of the whole OF tine company in
debtcdness, the stock of the cOInany 10 be
divided into 100000 shares, in order 10 allow each
l. of
subscribing pro rata for stock in The smelling com
pany' Inc circular states: 81 he necessary mil,
smeler and additional concentIatcrs viii be at
once ordered by tins company; the whole cost of
such plant 70 be refundeu by the smelling company,
sIIoud such be formed. And yOur board has deemed
il Wise 10 suspend dividends until this additional
concentrating and smelling plant shall have been
put operation and fully pad for, or the taiiings
beds sold AS suggested" Of the nine claims owned
by the company only two have been extensively
worked, ana the deepest workings have MT gone
below 800 feet.