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Collection: Books and Periodicals > Mining & Scientific Press
Volume 13 (1866) (424 pages)

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Page: of 424

The Mining and Scientific Press, 21
asia anid, in some cases to an Insuffietent supply, and in athors to the difliculty encountered in treating the ores. Slany
af the lodes In these outside tocalltics, though apparently
rich, have only In a few Instances been theraughly opened —
scarcely In any auMeclency to reach permancnt bodles of ore;
and hence tho Inadequate supply—many large milla having
meantime been erected. With a syatematlc and thorough
develupment of the mines, of which there are great nuinbers
in these outshic districts, thero can be Inte doubt butalt
the mllls now built, and perhaps many more, weuld be abic
to Gnd cunstant and profitable employ arent.
COAL
The present very considerable and the immense prospective
demand for fuel In Calltornla. {mparts to the question of Its
ebeap aupply, a peculiar interest, both asa matter af public
and domestls economy. Te us nothing is mure vitally Important, since In {ts solution are Invelved go many consideralions
bearing upon our material prosperity, Upon this we shalt be
malnly dependent for the generation af that motlve power
that Is hereafter to carry on aur mining nnd manufacturing
Industeics, sustaln our cenmmierce, and even, to a grent extent, our mechanical and agricultural pursults, and, In short,
all the great arta and Interests of both war and peace. Being
of such practical Importance, It {s not atrange that this questlon o! fuel supply should have attracted the attontlon of our
tapltailsts and business nen, a number of whom have iately
bi largely 1 d,us we und J, In the partlally
developed coal mines of Monnt Diablo, and elsewhere upen
this coast, with a view to pushing thens, by a Ilberat applicatlen of cnpilat, to such a polnt of productiveness aswill meet
and satisfactorily answer the entire home demand for coal,
Should thia project be carried out It would no doubt result In
advantage to the consumer and In peeunlary profit to tho
parties concerned. In tho nveantime, the coal mines, beth In
thls Stato and In Washington Territory, are turning out thelr
ordinary supplics of a steadily Improving quallty of fuel
whieh, nded beth by Its excell and cbeapness,
1s growing In favor with all classes of oonsumers.
COrres,
Throughout all parts of the mineral bearing belt of this
State discoveries of copper lodes are reported, some of which
-would appear to be of much prospective value. The Union
and Koystone have, durlig the past six montha, yleided as
wellas at any previous perlod, the former turning out at the
rate of abont 2,000 tons per month. and the latter consiiderable qauntitles of medlum grado ores, Much work of a preparatory kind has been dono in these claims of into, fitting
them for more extensive operations hereaNcr; and as they
exhibit large bodles of good ores in all thelr shalts and lower
slovels, It is expected that henecforth the quantities ralsed
will be considerably Inereased. Many other lodesin fhe vlelnity of Copperopoils are now beginning to yield, and in tho
course of the next half year will largely augment tbe shipments of oro frem that vichsity.
QUICKSILVER.
In the New Almaden mine, whence 90 per cent. of all tho
metal produced tn this State is extracted, operations are being carried on with tho energy and good results that have
characterized the present management. The weork!ng force
employed at presont Js large, belng not lesa than 1.300 men In
tbe varieus departments. The company havo recently much
enlarged thelr reduction works, and It is understood have
also Intreduced seme valuable Improvements In thelr mede
of treating the ores. Active apcrations, after having been
suspended for a number of years, have been resumed at the
New {dria mine, and It is reported with enconraging prospects
of future suecesy. About 100 men are now empleyed in the
Redington Quicksilver mine, near Clear Lake, upon whicb
extenslye furnaces have lately been erected and other Improvements made ~insuriig for the current year, as Is beIleved, a large preduct of metal. At various other poluts In
the State deposlts of clnnabar bavo been found, some ot them
of presumed valuc.
The followlng aro anrexports of Quicksilver for the first
six months ot this year, as compared with the same perlod of
1865.
1865. 1866,
To Flasks. Flasks,
New York. 3,020 3,050
Great Brital 200 3,000
U1 6,752
426 4,007
SO 1,voo
Ausiraha . 200 575
British Columbla, 2
Other Couutrics.. 4
7
Totals, ..cceseeneseee suanecesenenesn2hy0d 17,427
PETNOLAUM.
The producilon of Callfornla Petroleum Is steadlly increasing, and Is evidently destined to become a great source ot
wealth to the State. The adoption of new metbods of opcnIng the clalms, by tunnels rather than by boring wells, has
In most cuscs given satisfactory results, and a steady supply
of good thin oll, Ike that from Pennsylvania, has been ohtatned im several places. Regular shipments are now made
from San Buenaventura to San Franelsco, and one clalm has
furnlshed aver 1,600 bbls, which Is not one-fourth probably of
what might have been saved. Preparations are making for
a nore active developinent by tunnels, wbich St is now beHeved are much more likely to cut the springs of oll tban
vertical borings. The localities of thin green ofl resembling
that of Venango County, Pa., are numerous in the Santa
Anna and the Azurlre mountain ranges, and several arc beIng developed by San Francisco capitalists, with every prespect of success. Two or mure refineries are now In operation
In this clty, producing a superlor quallty of Iluiolnating and
of lubricating oll rom the natlve Petroleum. A farge refincry Is belug ereeted at the Bucna Vista eclalm, In the Tulare Valley, where there Is an extenslve reglen, glying promIse of an abundant supply of oll. .
BOKAX.
Tho source of supply of this mineral ts a large and shallow
basin called * Borax Lake,"* near Clear Lake, In thls State.
Hitherto the company who own this property have been cngaged In extracting tho natural crystals of borax whlel are
embedded In the mud of tholake, by means of small Iron
coffer dams. By this means, working In a very small way,
they ralse about 3,000 pounds of crystals per day. But they
are now preparing to extract borax frum the mud of the lake
by lixivatlon, having aseertalned by exverlments on a large
seale, that the mud for adepth of about elght fect, aftor all
the crystals of an appreciable size have been removed, when
dricd at a temperature of 150° F., contalns 14 per cent. of
borax and 28 per cent. earbenate of soda. This rich mud,
covering an area of about two hundred acres, will afford
many thousand tony ol borax per annum, fer a period practlcally unlimited; and there ls every reason to suppose that
the buracie acid springs at the lake will perpetually renew
the supply. The conpany expect in the course of a lew
wecka to trn out between five und ten tons perday. Borax
Lake Is a shallow pond, which In the month of Soptember {s
nearly or quite dry; and covered with an inerustatlin of
borax, soda, and common salt, giving It the appearance of a
Held of snow.
i SULPHUR,
On the land betonging to the Borax Company, consisting of
about threc thuusand acres, held undor a patcnt Irom ihe
United States, there Is alsu a very large deposit of sulphur,
estimated to contaln many thousand tous. The company are
now producing about ten tons sulphur per diem, ot quality
kuown as brimstone.
——=From the Stock Circular of Associated Brokers of the 8. F. Stock & Exchange Board.
San Frascisco, Satunnay Morsixa, July 14th, 1866.
The receipte of ‘Treasure from different sources, during the past half
year, have been as follows through public chauuels :
From Callfornia, Northern Mines..
From Cellurnint, southern Mines,
From Nevnila .....
From Cunsty ise Vorts, 0 ‘s
Hnports Forelgo, Britlsh Columb
woe 00$25,313,745
In contparisoi with the yeur 1864, there is a falling off in tle total
receipts of $1,972,014, and ns against last year the decrease amounts
to $3,976,998. These figures eubrace coit ae well as bullion. ‘The
recorded receipts of the latter xmourted during the period under
review to $21,137,733, including $7,268,000 frou: tho silver districts of
Nevada, During tho first hulf of last year, the receipts of bullion
from Nevada exceeded $8,600,000, showing a decline of $1,336,782 this
year, From the Southern mises the decrease amounts to $980,248,
and fromthe Northern mines, $2,317,030, as compared with the first
aix months of 1865, There has been a steady falling off in the yield
of the Southern mines for severul years past. ‘I'e lessened productiveness of tle Northern mines during January and February of this
year, was owing to the interruption of both quartz and placer operations by the unusual severity of the weather. Since Murch last the
yield of the Northern portion ol this Stato shows an important
increase overa like period last year. In arriving at the probable product of the gold mines of California and the silver mines of Nevada,
it would be proper to add say 10 Pceut. to the bullion receipts in this
city through the express companies, for receipts in private hends.
This would make an nggregate yield ol $21,298,622 for California and
Nevada dering the pust six months. Adding sey 30 % cent, to the
arrivals from coustwise ports, north and south, includiug Oregon and
British Columbia, gives the snm of $4,056,895, making the entire product of the gold and silver inites of this coast $25,355,517 duriug the
first hulf of this year. ‘This is probably within bounds.
There is a slight abatement ta the demand for money, and rates of
interest are ruling al @ 134 cent. per month on Bunk, with occasional transactions at 114 “PB cent.
The inquiry for bullion ts also less active. Gold bars may be quoted
at 860 @ 870. Silver is worth about 1 cent. premium for average
bars., Receipts of treasure from the interior since the dute of our
est reference, ntnounted to $950,000, making an aggregate of nearly
$2,000,000 for ihe first half of the current month.
The mining eliare market presents no material change. Some leading shares have been well maintaiued this week, while others were
dealt in at a decline. Advices from Nevada have been particularly
meager and devoid of interest; but so faras we can learn a number
of mines are looking better than for sonie time past, and will probably
continue to earn sutisfactory dividends.
Tale & Norcross is inactive, but strongly held, and trifling sales
were made at $1260@$1350, closing at $1350, bid. The aggregate
receipts of bullion for the month of June were $104,247.33 from
2,269'4 tons of ore—an average of $45.92 per ton. Different portions of the mine present a flattering appearance, particularly so in
the suuth drift from the 535-foot level, and in the 12th floor of the
700-foot level. A dividend of 4375 per foot is payable this day.
Snvago is in rather more favor, recceding from $900 to $850, then
selling ot. $880, oid closing at $890. The fullowing statentent is
derived from the unital report of the officers of shis company. ‘Their
entire receipts from July 10.1865, to July 11, this year, amounted
to $1,414,979. Te product ol sole 29.695 tons of ure was as followe : 416 tons of first-class yielded ni average of $224.08 per ton,
26,081 tons second-class, $40.2U4, and 3,038 tons third-class an average
of $20.43 per ton. he cost of miving this ore, including improvetents to property, litigation, ete., was $553,766, and the cost of reduction, cmhracing improvements to mill, amonnted to $494,534. The
company’e mill, since October 19th last, has reduced 5,994 tons of ore,
nt a cost of $15.65 per ton. Thenet belanco nt the credit of the
company on the 11th inat., all the liabilities heing paid, was $40,528.
Crown Point has been in less request, declining Irom $800 to $700,
and closing at nhout $700. ‘The bullion yield of this company, last
month, was $108,000 from 2,776 tons of ore—an average of sore
than $39 per ton. ‘lhe middle incline from the third level is down 65
feet in good ore, and the drift toward the lodo from the 4th station is
in 85 feet, leaving eome 315 feet yet to run.
‘The improvements to the Rhode Island Mill ere tohe completed on
the 25th inst. ‘he “Low suit’ lias been compromised hy the payment of $33,000, leaving $25,000 in the trensury of the Company ot
the beginning of this month.
Gould & Curry rose from $725 to $750, dropped to $720, and closed
at $690.
Yellow Jacket stendily fell from $715 to $550, rallied to $600, again
receded to $550, theu sold at $570,and was dealt in yesterdsy at
$612!4@%625. ‘he total receipt of bulltou last month amounted to
$292,274 from 87,116 tons of ore, averaging $33.54 per ton. Of this
amount 6,109 tons were worked at outside mills. ‘hc actual helance at
the credit of the company on the Ist inst., was $107.228.44. A dividend of $50 per foot has been declared, payable on Sundey next,
“15th inst.”
Ophir was dealt in at $235@$255, closing at $255@$252'4. There
are no new developments worthy of epecial attention.
Chollar-Potosi rose Irom $19214 to $200, dropped to $185, and
sold yesterday at $190.
From the Aitnual report of the Superintendert of the compeny, we
learn that during a period of 13 months, ending May 3lst Inet, 28,889
tone of ore were sent to custom mills, yielding $798.96%, or ao
nverage of $27.05 perton ; 15,167 tons were sold et $6.68 per ton, giving
$101,359; and ore from croppings produced $22,142, making the
aggregate receipts $922,468. ‘lhe amount paid to custom mills for
crushing ores was $470,486—an average of $16.28 per ton. The
aggregate mining cost (including taxes) for the 13 months has heen
$464,321—an average of $5.99 per ton. Upon the new skuft oud
works $173,836 has been expended, including lumber, etc., on hand.
At the annual meeting of the etucktolders, held on the 9th inst., the
old officers of the company were re-elected without opposition. ‘llese
gentlenien have very creditably filled the positions they now occitpy.
Belcher declined eteadily from $183 to $162, ard sold yesterday at
“$162.Imperial has been inactive at $105@102, closing at $101. A dividend of $6 per share will he paid to-day. ‘The firat cleun ap this
month of the Ruck Point Mill amounted to some $10,000. Recent
explorations disclose nothing particularly new.
Overman has been a epeculative feature of the market this week,
and come 2.000 ehares were dealt iu, «dvancing from $60 to $70,
receeding to $32, rallying to $44, declining to $42, then selling at $41
(@$55, and closing at $52. We can learu vf no develupnients ol a
substantial churscter tn this cluim.
Bullion fell from $61 to $50, closing at $48. Confidence fell from
$68 to $57, rose to $64, and then eoll at $62(@363. Sierra Nevada
rose to $6, tell to $44, and sold yesterday at $637. ’
The aggregate eales of Stocks, Legal ‘lender Notes, ete., since Saturday amounted to $410,590. i
D
San Francisco Stock and Exchange Board. San Francisco Market Rates. faachos, the ig hb. se =
aa 5 Lemous, # doz. 5@ —
United States 7 3-10tbs $ i ae i oss aRC.O 1G 10
Gov. Legal Teniter Notes. 10% 71 Fapay, July 18, 1868. _. Seap— Pato & ue ron 20
State Bonds, 7B cent. 85 87 . Flour, extra, @ hvl. 600 @ 5 75 oo
Sau Frauclsco 10 @ ceat. Gd 06 aun oa eee 4% e we
Se eee ee S439 . Wheat, 8100 lh.. + 180 @ 1 85 Beaurire, Evenino — Teyrcearaine Exé ER 5 B cent. Oats, ehoico, ® 100 Ib C0 A ;
Ear barter ecelivees ti ® Barley, @ 100 thy.. 75 90 . TRAORDINARY.—Tuesduy evening lust, though
Sucrumento Connty Bouds, 6 @ cen 58 60 . Beans, % 100 t . 3 00 @ 5 50) A oonlese,swas a most beautiful evening ; the
Marysville Bonds, 10 @ cevt 1 92 . Potutoes, @ 100 th 60 85)
Steckton Bonds, 10 @ cent. 580 85 ea ar A : ny ui Aa air wae unusually clear, and the stars never
Yuba Counly Bouds, 10 PB cent. 80 85 I cor : :
ee Ea ie oh an 70 30 Boel, on fost, Bb. ¥ ik shone brighter. It appeared by the telegrephic
California Navigativa Co. bk 65 Boh are 1 ‘3 ‘ : smi
Stute Telegraph Stock. . 33 35 . Sheep, un foot,... 00 @ 2 00 dispatches of the next morning that a similar
Sr UE eG: (a . ap Eee a =-. atmospheric conditian must have rested over
Sacramento Gas Co,.. = 75 . Hogs, dressed, @ ib. 11 . id
Spring Valley Water Co... 64 65 _——_ pretty much the entire contineat. At mtdERM ~ . . . eae :
ELECT, 5 rach, ta a ; aq . night the telegraphic wires of thie city were in
Mey Railroad.. eas . . Sugar, crushed, Bib . so We A a “4 .
a tae =, ns 50 a oe a ae illimmediate connection with New York city,
Central Railroad Co “ x 38 ec, Costa Rica . a 4 : :
North Beach and MiSSIOD...0.6 5 are 50 lo , Oeste . re, 00 and ponies ne any difficulty through the
MINING STOCKS. res oapeny Gn :: $0@ 1 00 / whole circuit. ‘The wiree were also worked
IDs scape onaeaaodlnoe sees $210 Hawaiian Rive, % Ib 2 —. with extraordinary facility during the entire
Bullmore American. nooD 600 Cbina do. Bx@ 134 : he fi
61 52 . Coul O11, @ gal 10 75. /day. As an instence, we may note the fact
160 162 . Candles, @ fb. 18 22 a eS ¥
ae if Ranch Butter, % 26 36 that ae tn eri a; aes noon
Fi Isthmus do ... k 0 iepateh to their New York corres690 710 . Cheese, Califoruia, @ Ib. 10 14 to eend ad Pp’ : :
Euspire M. & M.C 125 150 . Baus, ® doz.. 40 42. pondents. They were not a little surprieed to
Savage.esss. 9 Lard, Bb eee 16 19 ‘ 2
Cho liar-Potosi. He ey Pa agttat Bib 18 29 {receive an answer in twenty minutee from the
Hale & Norcros 1350 1400 . Sboulders...2. +5008 1ZY%@ 16. 4: : ceaitol . a
White & Murpby. eo : 4 time the dispatch left this city! Twenty min
ia Bie at utes from Saa Francisco to New York, and
ellow Jackel,
A A
Overman 43 LSE. LG hack, will do pretty well even for this fast age
Crown Poi z 5 iS ey
Antelope Butter, Ce aaee a B ib ane Be aad people.
Emeraida ‘ coe
1 do ONeeorier cee. 35 _ .baciirs Ee do New Yor A Be News From tun’Nortu.—The British ColDich cles ae oe a: 30 40,0n¢st and Daily Chronicle, the last of four
ea Eggs, nz. eae daily papers once published in Victoria, have
Jee ae 33 . amalgamated their establishments. ‘The mines
Prof. W. Byrd Powell, who died in Coving-. crannerries, @ gal.. 7s@ 1 00. at Cariboo are turaing out _an average amount
ton. Kentucky, bequeathed his head to Mrs. ‘I’. . Hott tone, oli x fe se =. of gold—the Aurora and Nigger claime each
H. Kinsey, to be used lor scieatific purposes. pomatocs, @ thee--. ‘ 10 . yielding about 100 ounces a day. The eecnate
In accordance with this a surgeon cut off the) Onions. @ tb. x 3 from Biy Bead ‘are very contradictcry. _Some
Proteesor’s head, and it is now in the possess-. Pete nae ie 32 .2/minere are doing well, othere returning In
ion of the lady.— Alla, July 2. * Plums, dried, @ Tb.-. 20@ 2! disgust.