Amador ledger., 1904-03-18
GOLD MINING In
AMADOR COUNTY

Central Eureka Steadily Improving
as Dividend Payer.-The Oneids
Continues in Prosperous Condition
CENTRAL EUREKA mine, the
most steady and liberal dividend payer
in the county at the present time, con
tinues to make very fattering show
ing. The last dividend declared was
at the rate of five cents per share
Heretofore the dividends paid have
been two cents per share. There are
400, 600 shares in the company, so the
increased dividend aggregated 800, 600
The liberal payment, it is understood
was not all earned during the previous
month, but the company we're in g
position to pay the increase by re-
ducing the treasury surplus to
some extent, 1t is reported that here.
after dividends will be paid at the rate
of q per cent. This shows the prop
erty to be in very prosperous con.
dition. In the last sinking below the
2100 level fine ore body was encoun
tered.
ONEIDA.-The full sixty stamps oil
the mill are now in steady operation.
The mine is looking better than at any
time since it was reopened by the pres.
ent company. While the ore is not
high grade, except in spots, taken
altogether the rock is of paying quail.
ty, and leaves fair margin of profit.
The property is among the closest and
most economically managed of the big
mines of Amador county, and to this
fact is mainly due the present salts.
factory outlook of the mine. The his.
tory OF the Oneida, under its present,
as well as its previous owners, illus
trates the vicessitudes of mining, oven
along the main gold bearing lode OF
Amador county. For time the 60
stamp mill was kept in motion, at the
outset, without much attention being
paid to selecting the ore, But it did
not pay. The poor rock so reduced
the yield that the pay ore was in
sufficient to bring the average to a
remunerative basis. So twenty stamps
were kept running, on selected ore,
with the result that the improved out
put per ton was very marked, and the
property advanced to self-sustaining
basis. Rich spots in the ledge were en-
countered, and the milling ore increased
in quantity until now the prospects are
bright for a steady career as divi-
dend payer. Only a strong company,
such as the one now in control, would
have been able financially to persist in
the face of discouragements that for a
time existed. The history OF the
Oneida is but a repetition of the ex-
perience of nearly every big mine along
the lode. Every one has met with bar
rem and fruitful years. But persistence
in development work has almost in
variably been rewarded with liberal
yield of precious metal.
GwIN.-The mill is operating with
80 stamps, the largest mum Der that has
been in operation for long time. The
prospects have much improved of late,
and the return of the era of dividends
is confidently looked for in the near
future.
BUNKER HILL.--The output of the
first months run of the new twenty Y
stamp mill which was started the mid
die of February is awaited with muc
interest, not only by the stock holders
but also by the people generally, as the
launching of another, steady producer
means much for the county at large
The ledge has been opened at three
levels-SO0, 1900 and 400 feet. Rock
from the 1900 level has supplied the
mill. This ore is reported to be oi
medium grade compared with the
other levels. From the appearance oil
the plates and the quantity of quick
silver fed millmen are able to give a
fairly correct guess of the pay char.
acter of the ore. Judging from these
indications an average yield of $5 or sc
in free gold is looked for. The con.
centrates saved are roughly estimated
at u tons per day, valued at $40 to $50
per ton. These are claimed to be very
conservative figures, and serve to show
the confidence of the parties in interest
in the Bunker Hill property.