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Collection: Books and Periodicals > Mining & Scientific Press

Volume 13 (1866) (424 pages)

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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.