Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-11-06

Companies is in process of negotiation, and
that 1t comprehends considerably more than
an agreement respecting the incandescent
lamp business.
In the mining list Luster's comparative
strength. an advance in La Noria and weak
ness in Red Cloud and Enterprise were the
features.
Pittsburg and Mexican Tin.
The foIoving circular was sent out to the
stockholdeih of the PittsGurg and Mexican
Tin Mining Company under date of Novem-
berS:
GAS the stockholders are aware the COM
pany have been negotiating for the sale OF
its silverand gold mines and certain priv
ileges under its concession, tor so 900 shares
or one-half of the capital stock OF the Pitts
burg Gold Company, full paid and nom
asseSsable, of a par value of SO a share. The
transaction having been completed and
the 6000U shares of the Pittsburg
Gold Company having been transferred
to the Pitisburg and Mexican TIN Mining
Company, the directors of the company
have declared a dividend of three shares Of
the Pitts5urg Gold Company's stock to each
share OF the Pittsburg and Mexican Tin
Mining Company's stock held by stockhold-
ers OF record on October 19, 1897 The certifi-
Gates OF this stock will be ready for delivery
as soon as they can be properly made out, Of
which time due notice will be given.
THE PittsburG Gold Company has four
pertlnancies or claims, on what is known as
the Guellermo vcin, being $500 feet by 100
This vein is distinctly traceablo up the
noun tain s, 500 or 3, 000 feet. 1t has been on
tered by prospect shaft, and the ore, under
the assays of five reputable and standard
asSayers. showed from Sl00 to 300 per ton.
1.-THE Ranechierio is also being opened on
tunnel which has been driven into the
mountain 80 feet, the vein being equally
well marked with that of the Guellerlno.
These two mines under all mining e1pe-
riences give reason to believe, from their
showing and the opinion of experts on sill
yer mines, that when the tunnels have been
driven a sufficient depth into tile noun tain
to reach the mineral that the surface show
ing OF the vein indicates, that the output of
ores will be satisfactory. The La Cumbre is
the southeastern prolongation of the
famous Promotorio vein, established by
five years working as the richest mine in
Durango. The Promotorio~ has now IA
levels, 40 feet apart, in all OF
which silver ore running from $50
to $500 ton has been, and is still being
taken out, demonstrating by actual work
costing several hundreds OF thousands of
dollars, the immense body OF ore in the
vein, which sum 1t would probably have
been necessary for the Pittsbury Gold Com
rany to expend, to arrive at the same facts
The owners are to-day taking simply from
the levels they are running, to further open
up the mine, doing no stopping work on the
ores in the 90 foot spaces between each
level, over So tons OF silver ore day, yield
ing s., $50 bullion daily. The La Cumbre is the
prolongation of this very productive mine,
and when its shafts are sunk they will strike
on the Promotorio are daily taking out the
silver ore be fore stated.
''rhe bond OF directors further avail
themselves of this circular to furnish some
information as to the progress and pros
poets in and OF tine tin mines. By informa-
tion received on October "a, the machinery
on the 18th was within five miles of the
mines, ana is presumably by this date being
erected, asthe ethefoundations have been for
some time ready. There is plenty of fuel in
store to begin smelling, and ore sufficient
on the dump to at once produce car load
of tin, AID ore in sight to be taken out in the
Grant. the. Jallomatis, the San Miguel,
Pittsburg and Candeleria. The extent of
the bodies of ore now in sight can
only be determined as the shafts
gain depth, and the levels distance. The
fact, however, that the tin mines SO far as
opened show true flssure veins. is evidence
that the company in the further preSenta-
tion of its work is subject only to the usual
of mining. TIE tin mining
property of the company embrace so dis
tfnct claims, and it is worthy of remark in
that connection that these claims, from the
eastward through Candeleria, jail
lomatis. Grant, and openings still further to
the east. show tour miles of continuous align
ment, indicating under all mineralogicel
dictum and mining experience, satisfactory
results from the future explorations of the