New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-01-25
: seller 90; I seller 80 tbnyer 80.
CLOSING Prices Os CILIFORyTA STOCKS
SAN FRANCISCO. "Wednesday, Jan. "a. 1888.
fnY TELEGRAPH TO THE TRIBUNE.

SAN FRANCISCO, Jan. 24.-The demand for
Savage aud Hale Il NOrcrOss is the result OF the
striking OF strngers of the Joint drift on the
9GOO level. The ore assays $40 per ton. The
prospect for improvement is reported favorable.
Tbs Middle C0mstOcks are moderately active at
slight advance, in sympathy with Savage and Hale
* NOrcToss.
An important strike bas been made in Columbus
Con- CaDdelaria, Nevada, causing activity in stocks
OF other mines in the same district.
Argenta has Purchased half interest in the
Grand Prize Mill for $4,000.
The wines sinking from the 800 10 the 100 Ievel
in Navajo continue III so0d ore.
Bullion valued at 81, 40 81 was received in this
city yesterday from the mines.
The secretary of tue Spring Valley Hydraulic
Cod Company reported yesterday: telegram
from our superintendent, received this morning.
informs that tho cleanup at oUr nilre yielded
over : 100 900, and that a tuIther cleanup IN q
months time will yield $4,000 more. This VIII
represent the productsoi little over SIX months,
and that We are in position TO work the lower
tunnel to advantage. and shall be using third
more water than hitherto. II Is only reasonable 10
suppo that this rate OF production Will DO largely
Increased. during the late lun we had NOT TINS III.
,reass OF water and were not wasl ing through the
low or tunnel under favorable circumstances III nav
ing ueen only recently that sufficiently large open
ing was made in the gravel at the mouth Oh THIS
tunnel."
Standard Consolidated official report f0r week
ending January Is shows Ore extracted and
shipped TO mills lay tons; bullion shipped
tu The company, $2J.572 Co. East crosscut, 1000
lowell il in 4 100 feet. East crosscut FROM south
Jrift IS In BOZ feet South DRIFT from crosscut.
700 Lowell is $40 feet long, and shows yein IN face
IL inches wide. North drift from west crosscnt Is
DSt feet long and Is IN hard blasting ground South
drift No l. 800 level Is IN 800 feet, where the VEN
~ feet wide. Upralse FROM this drift Is up 22s
feet and shows the vein II feet wide. North up
raise IL IA feet high,-aserage width OF vein,
feet South drift No l. $50 level, IL i4s feet long,
and shows the vein 10 feet wide. The slopes con-
tinuc to look wei.
Bodie Consolidated official report for week ending
January Is shows: Ore crushed 1857 tons; average
assay value OF pulp TiS - per ton that OF sacked
ore S27l 81 oil tailings, ~ Oh. Bullion ship
msut 50, 723 %. Slopes will soon he opened from
77O level of shaft. where the VEIN has been
rruched by the short east crOsscut, showing rich
ore North drifts on rich vein IRON go and !23
levels of Vino No Il arc respectively 100 and 102
feet long. There Is no essential change either In
these drifts IN the Slopes thererom. South drltt
No : Oh same vein at 7e0 level Is l26 feet long.
From this drift q stope rice Is driving at point
about SIS feet south OF the long west crusscut
North drift 800 level - feet long. Work III this
drIit was suspended the llth, al d the men we're
removed to the 700 level To continue sinking winIe
No 3 from. (which they were driven by water IN
August last.
Piual Consolidated official report says: "Our small
furnace is turning out about tons bullion daily.
from about 20 tons OF ore of which latter we have
already mined and stored at furnace, chutes and
drifts. 10000 tons. Another furnace VIII
soon bs added of capacity of 30 tons. hlcn will
Le matter Of little expenditure there being snth-
ent boiler capacity to run three furnaces. Besides
our lead-ore PROPOSE iou we have aready developed
large bodies of dry free-ming ores. assaying from
30 10 so ounces silver, aud being situated on the
CHA River We have taken up water rights and
mill site fer the purpose Of erecting 2O-sanp mill
wthin this year. However, we are not rushing 1t,
in order TO accumulate funds from the result OF our
smelters. We have plenty of wood and water. and
had our Eureka Smelter been more scientific one
at til, start, We would have been running ten
months ago.