Volume 20 (1870) (454 pages)

March 19,1870. ] SCIENTIFIC PRESS. 180 Everything is prosperous at Bannock. Large amounts of gravel ready for washing. It will be one nf the best camps in the Territory. Samo nf 28th says: Wo learn that the ran made in Naves’ 5-stamp mill, near Radersburg, of 100 tons frem the Keating lode on Cow ercek, yielded $36.50 per ton. During the pleasant weather, in addition to the large dumps of pay gravel along Alder gulch, there bas been sluicing done that yiclded $5,000 a week during all weather suitable forsluicing—and more than half of the wiuter has been of that character. This wonld give an aggregate of £30,000 actually sluiced out. Tbe nnly thing going on in Sterling is the organization of a joint stock company to prospect Hot Spring creek. Work will ho commenced this week. Helena correspondence of same, Mareh 2d: Reports from Cedar are mixed. There is no uso nf trying to do anything for the next tbreo or four months. The snow is too deep for prespecting or mining, and the chnnces for starvation and hard. ships to parties trying ta winter there, are lively. The 10-stamp water-power mill in Granite gulch will start up in three or four days on ore trem the Flying Cloud, n gold-bearing lead known to be rich. Prespecta at Mill creek are good. The os Rod lead, Silver Siar district, owned hy Stevons & Trivitt, is yielding good returns. On Monduy, Mr. Trivitt deposited in bank 150 ozs. of golil retort, the result of oue week’s run of their 10-stamp mill. From same of 4th: Wisconsin gulch contains 800 inches of water. The present company have expended $25,000 in prospecting. Ie Nugect galch, a right hund tributury to Wisconsin, as high as $50 to the pan havo been ohtained, and in the latier, $15 per day to the hand. The Montana Mining Co. havo a finme 4,000 fect long. The total cost foots up $55,000. The company started work in 1865, and now own three miles nf ground in the gulch, which is so flat that it has been found n necessity to put up machinery. The top loam will be run off, as there is full enough; butthe gravel will be hoisted into the slnices by water-power, supplicd hy a ditch which taps the gulch a mile above, The hed-reck is from 16 to 18 fect, and the dirt pays an average of five cents to the pan. Mixers’ Diten Co.—New North-West, Feh. 25th: The diich will be the largest in Montana. Tt will carry 2,500 inches of water. Work was begun in December, 1869, and will be completed in July, 1870. Itis being built on the jeint-stock principle. ‘Twenty five men have heen employed during the winter. Tho number will be increased to fifty in a few days. Two miles aro completed. Cepar.—W. J. McCormick left Cedar a week since. When he lefi, only one strieg of sluiccs were set. Tbese were Jim Lore’s. It was reee thnt in two days, from eight set of timbers, 1¢ eleaned up $300, and tbnt the gronnd had prosected $1 to the pan. No. “60 below” is the owest claim yet opened to bed-reck. At ‘62 ahove ” tliere was five feet of snow ; ‘21 belew,” frees from 5 to 50 cents in the gravel; aed 58 elow ”’—Joe. Carroll & Co’s—from 3 to 15 cents. McCormick has $4.50, which he panned himself from five pans of dirtin “54 above” and ‘21 below.’ The bars are now attracting attention. They prospect well up 150 feet ahove the ercek level. The abundance of water in the guich, and the heavy grade facilitios for bydranlicing these, if they prove good, will givo permanency to the camp. A.J.Simmons and Jack Allport purchased the bar claim opposite “88 below,” for $250, the other day. It has prospected as high as $3. <A great deal of prospecting is going on in tbe neighboiing country. Puitirspung.—Deer Lodge Independent, Feh. 26th: The mill suspended operations last week, but we learn will be running again in a few days. The ores so far have not turned out 60 rich as had been expecied. The chief cause assigned is, that the persons employed to select the ore did not nnderstand their business. Mr. Saanders is keeping a force of bands employed on the Trout and Queen lodes. Pervine & Co. will now do custom work nt their mill, Emronant Guica.—Recent reports are to the effect that rich diggings bave been struck. For a number of ycars, parties have been operating there With very good sneccss. If reports are snbstantiated, there is little donbt that a large number will he nttracted in the spring. Tho great drawback to prospecting is tho treaty with the Indians, which gives them a right to prevent prospectors exploring the country. Lower California. A La Paz letter dated Feb. 18tb, says the mines and works of tbe old Triunfo had beon transferred to anew company, and that machinery to work the rich mino of Mendosina had been sbipped; also, machinery for the Codicia mine and the reduction works. Nevada. COPE DISTRICT.) Tho Mountain City correspondent of the Blko Independent, March 9th says: A number of very rich ledges have been recorded within the past few days. The latest is the Sultana, threo miles from town, discovered by W. G. Hanks. Tbe ledge is five feet wide, is full of black sulphurets, and is literally covered witb born silver. Next is the Cocoanut. This is two miles west of town. From an assay made it retnrns $3,400 in silver and $127 in gold per ton. The first easiern oxtension has been taken up by Sianburn & Co., whbo bave found the Icdge, and are at work on it. Next comes the Capital, owned by Cowles & Co. It is six miles north of town, and is said to be a splendid ledge; New York, owned by Savage & Co.,4s turning ont splendidly. They are working nigbtand day. Next comes the Bonrbon, sitnated on Crescent hill, nwned by Taylor, Norton & Co., which looks fine. Whilst lam writing I am informed that a new ledge, which looks well, has been discovered hy Mr. Martin, known as the New Bronswick. Work is progressing on the Argenta, Monntain City, Great Republic, and Crescent. The Caniy mill is working Crescent rock. When finished, they will commenco upon Argenta. They have not mady a clean-up as yet. It might be well tn state, however, that the pans have choked up more than once, so great has beeu the amount of amalgam gathered in them. Tho mést energetic company in camp is Faller, Ferguson & Co. They own tho Mummoth, Estoll, Keystnne, and others in Bull Run district. Another fine lead, the Virginia, is owned by Colgan & Co. They nro down 58 feet, tho ledge being two and a half feet in width, the rock assaying $556 to the ton. The Prido of tho West is about to be worked by Handy & Cn. Itis rumored that a mill has been procured by this company. Lytle & Co. are working on thir celehrated California tunnel, They are now in 482 feet, Burriox.—Monday’s stago brought in three bars of bullion worth $1,800, the result of the workings of 16 tons of orw from the Crescent mine in Mountain City, by Cunty's mill. Same of 12th; A party of prospeetors from the Bruno mines have found whnt is supposed to he the very rich mino discovered in 1864 by men from Silver City, and uhandoned on account of the Indians. Carrra, axn Crown Poinr.—The Capital, four miles north from Mountuin City, is seven feet in widih, the quartz being charged with sulpbarets of silver. ‘The Crown Point carries a larger perccoiage of gold than any mine in the district. REESE RIVER. Mtxrenav Itii.—Rereille, Feh. 26ih: The mild weather lns ennbled miners and prospecters to carry on their work with little interruption. Claims have been developed, large bodies of yalnable ore extracted, and a number of new ledges discovered and located. The machinery for a 10stamp mill, which has lain at u depot on the railroad for some time, will be erected immediately. Sierra District.—Sumo of Murch 7th; Already a numher of tons of ore have been shipped to Austin for reduction, and have yielded from 8200 to $600 per ton. Manhattan oro (Oregon mine) roasted at the Auburn mill at Reno, showed the pereentago of silver chloridized to he 93 75-100 and 93 12-100. Latest.—An Austin telegram of 14th, says: Eleven hundred and eighty-two pounds of bnilion were brought to this city yesterday from Belmont for shipment. The Munhatinn mill produced last weck 13,603 ounces of hullion. WASHOE. Yettow Jacket.—Gold Hill News, March 12th: The body of ore recently developed nt the 1,020-foot level looks hetter aed beiter to the northward. It brensts out fully ten feet in width, and the south shaft heing completed to that level, with a goed drift connection, the ore is being taken out that way at tbe rate of 50 tons per day, milling on the average $30 per ton. Imper1aL-Empire.—The new 120-horse power hoisting engine is completed, nnd starts up this evening for the first timo, Next week it will be put into practical sorvice raising the water from the shaft, there being ahont 110 feet of it at the bottom. . Theold upper works of the Imperial are yielding from 35 to 40 tons of $20 ore per day. WHITE PINE. The Empire of 13th says: All the mines now being developed are showing better prospects than ever. A gentleman from Treasure Hill informs ns that the general aspect of things is promising. Although parties are making an effort to bear the mines in order to buy at a low figure, miners are not to be gulled, but are determined to take out ore and send it to mill. Tho Silver Springs smelting works during the past four days turned out 122 bars of 120 ponnds each. The Alsop works are in full operation with a large pile of bullion on hand. The mines of Blue and Bullion Hills are yielding well. The usual number of mills are husy. Ore is hauled on sleds to supply them. Work will be eommenced on many of the mines as soon as the storm abates. The News says that Melville Atwood, the distinguished mining engineer, has arrived in behalf of an English company who are in negotiations for flve a the leading mines on Treasure Hill, at a prico well up in the millions, TEsts—News 8th: Monle Christo mill and furnaces rnnning on Mt. Ophir ore..9th: Twenty tons Silver Wedgo ore cleaned up yesterdny at Tregloan’s mill, $81 20 per ton.The Alsop Works, during the few days’ ron since the stoppage, turned out 800 bars of bullion of 90 pounds cach, or 72,000 pounds of metal.10th: The dispuie about title between the Pogonip and Othello and the West Point companies, after twelve montbs litigation has been settled by compromise,.11th: The Magary Smelting Works estorday shipped 32,773 pounds of haso bullion. The same teams took nway 6,000 ponnds of bullion from the Sbermantown Smelting Works. Irems.—Empire, 8th: All the furnaces of Shermantown and Swansea will he in full operation this week.9th: Itia said that the Chicago Pioneer Co. are taking sieps to purchase tho Tom Paine mine.10th: Forty tons of bullion are piled up at the Alsop works ready for shipment. . Wieland smelting works are stopped; doubtless for want of proper fluxes. The Big Treas-. ure mill runs eix days oui of seven as smoothly . ax possihle. It is well managed.10ih: White! Pine Smelting Works advertises for 5,000 tons of carbonate ore,.11th: We saw specimens from the Buitercup mine yesterday which are equal to anything we have seen in White Pino in tbe way of ebloride ore. The ledgo is six feet wide, and shows splendid metal all the way across tbo face of the excavation. Tar Base Mera Intengst.—Both of the White Pine journals contain articles upon the importance of this interest. J. E. Clayton says, in tbe Empire, that the mines now partially explored, and showing promise, could turn nut four nor five hnndred tons of ore per day that would yield 25 per cent. of crade bullion. He says also, tbut it appears prebable that by the middle of summer there will be in operation at least 50 furnaces, with a cnpacity of a huedred tona of bullion per day; and that if the ores are properly assorted and , mixed, this bullion ought to be worth $225 perton in San Francisco nr New York. New Mexico. From the Press and Telegraph, March 2d: Tho Chester qnartz mill, comnicueed lust November, started up its twenty-five 612-pound stamps on Wednesday, for atrial. Everything worked well. Tt will run on custom work until a tramway to the company’s lode is built. On the Great Easrern lode, Messrs. Rowe & Young have a shaft down 45 feet, well timhered. The vein is Inrge and the quariz looks well. Crawford, Mitchell & Co. are running a tunnel to find the Gladstone silver yein, which they lost by acave, Vernon & Co.,on the Tecumseh lode, have good walls anda wide seam of quariz. Conley & Co. are developing the Atlantic. The shaft is down 80 feet. A number of tons of ore nssoried for the mill, are ready at the surface. The Floorman & Smith lode has nlso a quantity of quartz piled up. Moreno.—The News givea these items: Frank Dunicls hns just completed a 25-stamp sieam quartz mill. He employs 60 men in the running of the mine and mill. Mr. Maxwell is rnenaing his mill successfally. Mining Shareholders’ Directory—Meetings, Assessments and Dividends. (Complied weekly from advertisements In the ScrenTiric Press and other San Franciaco journals.) ASSESSMENTS. NAME, LOCATION, AMOUNT AND DATE OF ASSESSMENT. Alameda Ooal, Feb. 16, 30¢ Bullion, Feh. 8, $4. Columhia, Cope, Jan, 29, Cordillera, Mexico, Feb. 17, : Cherokee Flat, B. G., Feb, 17, $5 Daney, Lyon c ‘eh. 9, $1. Dutch Flat G, ., Feh, 1, Eagle Quicksilver, March 14, $2 -April 16—May 2* Green Monster, Inyo co., March 10, $1.April 16—May 2* Glenwood, El Dorado, Feh. 4, 26¢..April 6—April 27* artwell, W. P.,,Feh. 19, 6c...March 25—Aprll 21* Hope Gravel, Ney.co.,Jan, 28, $1.Marcb1—March 21 Imperial, Storey co,, March 7, $10 . April 11—May 3 Julia, Storey co., March 12, 50c. «-Aprit 15--May 3 Kincaid Flat, March 4, $2.50 -April 5—April 23* Meadow Valley, Jan. 29, 50c¢ -Mareb 3—March 22 Nevada L. & M., Feb. 8, 20. «March 16—April 5* Noonday, W. P., Jan. 20, 30c. «March 2—March 23 N.8. F. Homestead, Feh. 9, $7. March 23—A pril 14* Pocahontas, El Dorado, March 2, $4.April 2—April 28* San Jacinto Tin, March 4, 50.. . April 4—Mey 4 Segregated Belcher, 8, co,, March 2, $2. April 5—Aprif 29 Savage, Storey co., Feh. 7, $10. «March 14—April 2 Silver Wave, W. P,, Feb. 19, 20c. March 21—April 11 U. 8. Grant, Nev. co., Jan. 19, 500. .Feh. 21—March 26* West Point, W. P., Feb, 22, 600. «March 26-—-April 18 Yellow Jacket, March 16, $7. +. April 18—May 19 Yosemite, March 7,$1...++.+++ April 7—April 23* MEETINGS TO BE HELD, DAY DAY DELINQUENT, OF SALE, March 30—April 22* .Pay immediately -Mareb 5—~March 26 March 25—April 11* March 22—April 8 March 14 —April 2 March 18—April 8 Cons. Chlorida Flat. .Annual Meeting March 23 Cordillera, Mexico Annual Mecting March 21* OVGIIMMED os eee cess ecceeeceeecseeveeess Meeting April 11 LATEST DIVIDENDS— (Within Three Months). Amador, dlv. $10 per sbare...Payabla Feb 7, 1870 Chollar-Potoal, dlv., $1. «Payable March 10, 1870 Eureka, dlv., $7.50.. .Payahla Feb. 7, 1870 Bale & Norcross, dlv., $6. .Payeble March 10, 1870 Ida Elmore, div., $1 «Payehla Dec. 14, 1869 Kentuck, div., $5 .Payahle Feb. 10, 1870 San Marcial, dlv., 50 . Payable Jan. 10, 1870 — Advertised in t! San Francisco Pricss of Copper Orss, San Francisco, March 17, 1870. W. T. Atwood states the following as approximate price at which copper ores can now be sold in this city. There is no sale for ores which assay less than 10 per cent.: Per ton. Per ton 12 porcent. ore..$24 00/18 per cent. ore..§41 40 130 t oT 26 65/19 “« 44 86 wot “ “a “ 48 00 isk “ tc “ 62 60 16 a ‘e “a “a 76 #0 17 CS erp Ores assaying shove 30 per cent., $2.50 per unit. Bars at the rate of 180. per Ib, for pure copper. Tae CanirorniA Siuk MANUFAOTURING Company.—We have reoeived the prospectus of this assooiation, which was incorporated on the 4th instant. The oapital of the company is $50,000, in shares of $100 each. The formation and origination at the present time is very auspicious, and its want and importance is recognized hy large nonmbhers of onr practical business men, all of whom are in warm sympathy with the enterprise, and the most of whom believe in its success. Over one-third of the stock is already taken, and it ie oonfidently expected that discriminating men of husiness will promptly avail themeelves of the opportunity to beoome pioneere in an important enterprise, and incidentally secure their own peouniary benefit, while they lend important aid im promoting the . prosperity and trade, not only of this city, . bnt of the whole Pacifio coast as well. Office of the company, 121 Post street. = San Francisoo Mining Stock Market, MINING 6HARE MARKET. Tbo mining share market has been characterized hy nnusual activily during the week under revicw, and the recorded (rannactions at (he Board show a larger weekly aggregate than for many montha past. Nearly all tbe leading atocka bave been In request at enhanced rates, and, at the aamie time, lt will be observed thst very vo. Tent fuctuationa took place from day to day, showing that the market bas been msn]puiaied hy speculatora to avery great extent, and, we may add, to the injury of not a few dealora. Howcvcr, all these Improvements are based upon an Improved condition of the mincs, of which we have somo cvridence In a number of clalma upon the Comstock lode, aud to which mony look for very satisfactory devclopmenta in the fulure; as lt ts, we believe that the duliucsa ao Jongprevalent in the mining stock market will not recnr very soon. Ware & Noncnoas—wasin moderate request, at an im. proved price. The weekly report of ore extracted, cloaing March 12th, ia as follows: From 175.level, 11734 tons; 300-level, 63; 535-Llovel, 38; third alatlon, 54; fourth sla. tion, 69; and sixth station, 742; making atolal of 1,073 tong: previous week, 1,027% tons. They bad on band 7,207 (ons, of which 2,485 tons ls low grado. At Intoat date, the shaft waa 44 fect In depth beyond the slxtb sia. tion, and cxiended Into the ore. body, Ooutn & Cunny—has not been In the market to a0 large au extent asthe previous week. During tho weck ending March isih, 518% tons of ore wore exiracted, showing an evcrage assay valuc of $49 25 to the ton; the previous week the ore preduct amounted to 368 tons, Tho work at the 291b floor in the North Potosi sbaft hss becn steadily carricd forward, and {s developinge greater quantity of ore than firat Indicaiions promised, samples assayed ranging from $200 to $800 per ton. The El Do. rado section cxhibits an improvement over previous reports. Since tbe last weckly report they have carricd thelr operations a floor and ¢ half furtber, and all In ore, overage assays giving $50 tothe ton. So faras thls body has t pened, the Indicati point to an extensive deposit. Last Chance and United States stopes ara ylelding more abundantly, and of a beiter quality, At the seventh station noihing of an encouraging nature has been met wiih, samples of the hest materisl In the northwest drift No. 2 giving $2 60 to the ton. Owlng to the bard rock they now encounter, they are making slow progress, CroLtan-Potosi—was in good request at a moderata advance. For tha week closing March 11th, 1,234 tons of ore were extracted, showing an averaga assay valno of $50 78 per ton. During this time the drift ranning wert from the New Shaft has heen extended 27 feet, making tho total distance from tbe shaft 307 fect. Ths water has increased considerably, and the work will pro. gress more rapidly for some days to come. On the lith inst. $23,370 in bullion was sent forward to the office in this city, and car samples of thia date show an assay value of $62 10 per ton, Kenruck—fluctuated considerably, rising to $105, and receding to $80 per share. A letter of the 12th inst. states that $35 tons show 4 yicild of $20 78 to the ton, The prospecting drifts from the Sage Brusb Station and ihe 230-level, running west, have as yet daveloped nothing tbat will pay to extract, and nnless those drifts will cut bodics of ore, the chances of any material discovery heing made In the old west works will be vory small. Tho drift running north, commenced on the Crown Point ground, 160 feet from tho Kentuck south line, has been pusbed to the nortb lino of the Kentuck Company, and o cross-cut east bas not developed anytbing encouraging. Crown Pomr—bas been in large demand, under a genaral improvement. On tbe 11tb Inst. they sent forward $7,315 in hulllon. During the week ending Marcb 12th, the 66 per cent. assay value of 405 tons amounts to $5,847 51—equal to $14 44 per ton.——-OvERMAN Makes the following ora exhibit for the week ending Marcb 13th: from tbe lower tunnal, 488; upper tunnel, 497; and 600. level, 74 tons, making a total of 1,059 tons; previous week, 834 tons. On the 1th inst., $14,500 in crude bul. lion wsssent to the offica in this city. Yettow Jaczer levied an assessmsnt of $7 per share on tba 15tb Inst, —Commercial Herald. MINING S8TOOK QUOTATIONS, MAROH 17, 1870. WASHOE. Bid. Asked, Asked. .$ 15 $20; = 135 22 = oO 23 1 20 E 2534 Iba = VW = {8 461 Avage ll . Sierra Nevada. 8'4 9 PLOWOTY. ..004 — — (Seg. Beloher. 5/3 7 Gould & Ourry.200 305 . Yellow Jaoket., 43 133 WHITE PINE. Bid. Askod. Aurora Oon.8 2¢ $ 4 Brodt.. i = Chioride Oon. — = Featherstone. — _ Hidden Tr. Oon,. — = Mammoth.. 14 V4 CALIFORNIA, Amador,..$360 $975 . Hureka...$240 §— IDAHO. Golden Ohar’t. $17 $18 [esas Oord. $2 $ 2 Rising Star.. — Soxoon or Mrnes.—Senator Stewart has introdnced a bill into Congress for the establishment of a National School of Mines. ; . Rarmroap Map.—Next week we shall publish a map showing the railroad{system of the central portion of California, with some facts ahont California railways. Tur Pastor is a zealone little sheet, pnb. lished by Rev. Addison Jones, and printed hy Spaulding & Barto.

March 19,1870. ] SCIENTIFIC PRESS. 180 Everything is prosperous at Bannock. Large amounts of gravel ready for washing. It will be one nf the best camps in the Territory. Samo nf 28th says: Wo learn that the ran made in Naves’ 5-stamp mill, near Radersburg, of 100 tons frem the Keating lode on Cow ercek, yielded $36.50 per ton. During the pleasant weather, in addition to the large dumps of pay gravel along Alder gulch, there bas been sluicing done that yiclded $5,000 a week during all weather suitable forsluicing—and more than half of the wiuter has been of that character. This wonld give an aggregate of £30,000 actually sluiced out. Tbe nnly thing going on in Sterling is the organization of a joint stock company to prospect Hot Spring creek. Work will ho commenced this week. Helena correspondence of same, Mareh 2d: Reports from Cedar are mixed. There is no uso nf trying to do anything for the next tbreo or four months. The snow is too deep for prespecting or mining, and the chnnces for starvation and hard. ships to parties trying ta winter there, are lively. The 10-stamp water-power mill in Granite gulch will start up in three or four days on ore trem the Flying Cloud, n gold-bearing lead known to be rich. Prespecta at Mill creek are good. The os Rod lead, Silver Siar district, owned hy Stevons & Trivitt, is yielding good returns. On Monduy, Mr. Trivitt deposited in bank 150 ozs. of golil retort, the result of oue week’s run of their 10-stamp mill. From same of 4th: Wisconsin gulch contains 800 inches of water. The present company have expended $25,000 in prospecting. Ie Nugect galch, a right hund tributury to Wisconsin, as high as $50 to the pan havo been ohtained, and in the latier, $15 per day to the hand. The Montana Mining Co. havo a finme 4,000 fect long. The total cost foots up $55,000. The company started work in 1865, and now own three miles nf ground in the gulch, which is so flat that it has been found n necessity to put up machinery. The top loam will be run off, as there is full enough; butthe gravel will be hoisted into the slnices by water-power, supplicd hy a ditch which taps the gulch a mile above, The hed-reck is from 16 to 18 fect, and the dirt pays an average of five cents to the pan. Mixers’ Diten Co.—New North-West, Feh. 25th: The diich will be the largest in Montana. Tt will carry 2,500 inches of water. Work was begun in December, 1869, and will be completed in July, 1870. Itis being built on the jeint-stock principle. ‘Twenty five men have heen employed during the winter. Tho number will be increased to fifty in a few days. Two miles aro completed. Cepar.—W. J. McCormick left Cedar a week since. When he lefi, only one strieg of sluiccs were set. Tbese were Jim Lore’s. It was reee thnt in two days, from eight set of timbers, 1¢ eleaned up $300, and tbnt the gronnd had prosected $1 to the pan. No. “60 below” is the owest claim yet opened to bed-reck. At ‘62 ahove ” tliere was five feet of snow ; ‘21 belew,” frees from 5 to 50 cents in the gravel; aed 58 elow ”’—Joe. Carroll & Co’s—from 3 to 15 cents. McCormick has $4.50, which he panned himself from five pans of dirtin “54 above” and ‘21 below.’ The bars are now attracting attention. They prospect well up 150 feet ahove the ercek level. The abundance of water in the guich, and the heavy grade facilitios for bydranlicing these, if they prove good, will givo permanency to the camp. A.J.Simmons and Jack Allport purchased the bar claim opposite “88 below,” for $250, the other day. It has prospected as high as $3. <A great deal of prospecting is going on in tbe neighboiing country. Puitirspung.—Deer Lodge Independent, Feh. 26th: The mill suspended operations last week, but we learn will be running again in a few days. The ores so far have not turned out 60 rich as had been expecied. The chief cause assigned is, that the persons employed to select the ore did not nnderstand their business. Mr. Saanders is keeping a force of bands employed on the Trout and Queen lodes. Pervine & Co. will now do custom work nt their mill, Emronant Guica.—Recent reports are to the effect that rich diggings bave been struck. For a number of ycars, parties have been operating there With very good sneccss. If reports are snbstantiated, there is little donbt that a large number will he nttracted in the spring. Tho great drawback to prospecting is tho treaty with the Indians, which gives them a right to prevent prospectors exploring the country. Lower California. A La Paz letter dated Feb. 18tb, says the mines and works of tbe old Triunfo had beon transferred to anew company, and that machinery to work the rich mino of Mendosina had been sbipped; also, machinery for the Codicia mine and the reduction works. Nevada. COPE DISTRICT.) Tho Mountain City correspondent of the Blko Independent, March 9th says: A number of very rich ledges have been recorded within the past few days. The latest is the Sultana, threo miles from town, discovered by W. G. Hanks. Tbe ledge is five feet wide, is full of black sulphurets, and is literally covered witb born silver. Next is the Cocoanut. This is two miles west of town. From an assay made it retnrns $3,400 in silver and $127 in gold per ton. The first easiern oxtension has been taken up by Sianburn & Co., whbo bave found the Icdge, and are at work on it. Next comes the Capital, owned by Cowles & Co. It is six miles north of town, and is said to be a splendid ledge; New York, owned by Savage & Co.,4s turning ont splendidly. They are working nigbtand day. Next comes the Bonrbon, sitnated on Crescent hill, nwned by Taylor, Norton & Co., which looks fine. Whilst lam writing I am informed that a new ledge, which looks well, has been discovered hy Mr. Martin, known as the New Bronswick. Work is progressing on the Argenta, Monntain City, Great Republic, and Crescent. The Caniy mill is working Crescent rock. When finished, they will commenco upon Argenta. They have not mady a clean-up as yet. It might be well tn state, however, that the pans have choked up more than once, so great has beeu the amount of amalgam gathered in them. Tho mést energetic company in camp is Faller, Ferguson & Co. They own tho Mummoth, Estoll, Keystnne, and others in Bull Run district. Another fine lead, the Virginia, is owned by Colgan & Co. They nro down 58 feet, tho ledge being two and a half feet in width, the rock assaying $556 to the ton. The Prido of tho West is about to be worked by Handy & Cn. Itis rumored that a mill has been procured by this company. Lytle & Co. are working on thir celehrated California tunnel, They are now in 482 feet, Burriox.—Monday’s stago brought in three bars of bullion worth $1,800, the result of the workings of 16 tons of orw from the Crescent mine in Mountain City, by Cunty's mill. Same of 12th; A party of prospeetors from the Bruno mines have found whnt is supposed to he the very rich mino discovered in 1864 by men from Silver City, and uhandoned on account of the Indians. Carrra, axn Crown Poinr.—The Capital, four miles north from Mountuin City, is seven feet in widih, the quartz being charged with sulpbarets of silver. ‘The Crown Point carries a larger perccoiage of gold than any mine in the district. REESE RIVER. Mtxrenav Itii.—Rereille, Feh. 26ih: The mild weather lns ennbled miners and prospecters to carry on their work with little interruption. Claims have been developed, large bodies of yalnable ore extracted, and a number of new ledges discovered and located. The machinery for a 10stamp mill, which has lain at u depot on the railroad for some time, will be erected immediately. Sierra District.—Sumo of Murch 7th; Already a numher of tons of ore have been shipped to Austin for reduction, and have yielded from 8200 to $600 per ton. Manhattan oro (Oregon mine) roasted at the Auburn mill at Reno, showed the pereentago of silver chloridized to he 93 75-100 and 93 12-100. Latest.—An Austin telegram of 14th, says: Eleven hundred and eighty-two pounds of bnilion were brought to this city yesterday from Belmont for shipment. The Munhatinn mill produced last weck 13,603 ounces of hullion. WASHOE. Yettow Jacket.—Gold Hill News, March 12th: The body of ore recently developed nt the 1,020-foot level looks hetter aed beiter to the northward. It brensts out fully ten feet in width, and the south shaft heing completed to that level, with a goed drift connection, the ore is being taken out that way at tbe rate of 50 tons per day, milling on the average $30 per ton. Imper1aL-Empire.—The new 120-horse power hoisting engine is completed, nnd starts up this evening for the first timo, Next week it will be put into practical sorvice raising the water from the shaft, there being ahont 110 feet of it at the bottom. . Theold upper works of the Imperial are yielding from 35 to 40 tons of $20 ore per day. WHITE PINE. The Empire of 13th says: All the mines now being developed are showing better prospects than ever. A gentleman from Treasure Hill informs ns that the general aspect of things is promising. Although parties are making an effort to bear the mines in order to buy at a low figure, miners are not to be gulled, but are determined to take out ore and send it to mill. Tho Silver Springs smelting works during the past four days turned out 122 bars of 120 ponnds each. The Alsop works are in full operation with a large pile of bullion on hand. The mines of Blue and Bullion Hills are yielding well. The usual number of mills are husy. Ore is hauled on sleds to supply them. Work will be eommenced on many of the mines as soon as the storm abates. The News says that Melville Atwood, the distinguished mining engineer, has arrived in behalf of an English company who are in negotiations for flve a the leading mines on Treasure Hill, at a prico well up in the millions, TEsts—News 8th: Monle Christo mill and furnaces rnnning on Mt. Ophir ore...9th: Twenty tons Silver Wedgo ore cleaned up yesterdny at Tregloan’s mill, $81 20 per ton..The Alsop Works, during the few days’ ron since the stoppage, turned out 800 bars of bullion of 90 pounds cach, or 72,000 pounds of metal..10th: The dispuie about title between the Pogonip and Othello and the West Point companies, after twelve montbs litigation has been settled by compromise,..11th: The Magary Smelting Works estorday shipped 32,773 pounds of haso bullion. The same teams took nway 6,000 ponnds of bullion from the Sbermantown Smelting Works. Irems.—Empire, 8th: All the furnaces of Shermantown and Swansea will he in full operation this week..9th: Itia said that the Chicago Pioneer Co. are taking sieps to purchase tho Tom Paine mine..10th: Forty tons of bullion are piled up at the Alsop works ready for shipment. .. Wieland smelting works are stopped; doubtless for want of proper fluxes.. The Big Treas-. ure mill runs eix days oui of seven as smoothly . ax possihle. It is well managed..10ih: White! Pine Smelting Works advertises for 5,000 tons of carbonate ore,..11th: We saw specimens from the Buitercup mine yesterday which are equal to anything we have seen in White Pino in tbe way of ebloride ore. The ledgo is six feet wide, and shows splendid metal all the way across tbo face of the excavation. Tar Base Mera Intengst.—Both of the White Pine journals contain articles upon the importance of this interest. J. E. Clayton says, in tbe Empire, that the mines now partially explored, and showing promise, could turn nut four nor five hnndred tons of ore per day that would yield 25

per cent. of crade bullion. He says also, tbut it appears prebable that by the middle of summer there will be in operation at least 50 furnaces, with a cnpacity of a huedred tona of bullion per day; and that if the ores are properly assorted and , mixed, this bullion ought to be worth $225 perton in San Francisco nr New York. New Mexico. From the Press and Telegraph, March 2d: Tho Chester qnartz mill, comnicueed lust November, started up its twenty-five 612-pound stamps on Wednesday, for atrial. Everything worked well. Tt will run on custom work until a tramway to the company’s lode is built. On the Great Easrern lode, Messrs. Rowe & Young have a shaft down 45 feet, well timhered. The vein is Inrge and the quariz looks well. Crawford, Mitchell & Co. are running a tunnel to find the Gladstone silver yein, which they lost by acave, Vernon & Co.,on the Tecumseh lode, have good walls anda wide seam of quariz. Conley & Co. are developing the Atlantic. The shaft is down 80 feet. A number of tons of ore nssoried for the mill, are ready at the surface. The Floorman & Smith lode has nlso a quantity of quartz piled up. Moreno.—The News givea these items: Frank Dunicls hns just completed a 25-stamp sieam quartz mill. He employs 60 men in the running of the mine and mill. Mr. Maxwell is rnenaing his mill successfally. Mining Shareholders’ Directory—Meetings, Assessments and Dividends. (Complied weekly from advertisements In the ScrenTiric Press and other San Franciaco journals.) ASSESSMENTS. NAME, LOCATION, AMOUNT AND DATE OF ASSESSMENT. Alameda Ooal, Feb. 16, 30¢ Bullion, Feh. 8, $4. Columhia, Cope, Jan, 29, Cordillera, Mexico, Feb. 17, : Cherokee Flat, B. G., Feb, 17, $5 Daney, Lyon c ‘eh. 9, $1. Dutch Flat G, ., Feh, 1, Eagle Quicksilver, March 14, $2 -April 16—May 2* Green Monster, Inyo co., March 10, $1.April 16—May 2* Glenwood, El Dorado, Feh. 4, 26¢...April 6—April 27* artwell, W. P.,,Feh. 19, 6c.....March 25—Aprll 21* Hope Gravel, Ney.co.,Jan, 28, $1..Marcb1—March 21 Imperial, Storey co,, March 7, $10 . April 11—May 3 Julia, Storey co., March 12, 50c.. «-Aprit 15--May 3 Kincaid Flat, March 4, $2.50 -April 5—April 23* Meadow Valley, Jan. 29, 50c¢ -Mareb 3—March 22 Nevada L. & M., Feb. 8, 20. «March 16—April 5* Noonday, W. P., Jan. 20, 30c. «March 2—March 23 N.8. F. Homestead, Feh. 9, $7. March 23—A pril 14* Pocahontas, El Dorado, March 2, $4..April 2—April 28* San Jacinto Tin, March 4, 50... . April 4—Mey 4 Segregated Belcher, 8, co,, March 2, $2. April 5—Aprif 29 Savage, Storey co., Feh. 7, $10. «March 14—April 2 Silver Wave, W. P,, Feb. 19, 20c. March 21—April 11 U. 8. Grant, Nev. co., Jan. 19, 500. .Feh. 21—March 26* West Point, W. P., Feb, 22, 600. «March 26-—-April 18 Yellow Jacket, March 16, $7. +. April 18—May 19 Yosemite, March 7,$1.....++.+++ April 7—April 23* MEETINGS TO BE HELD, DAY DAY DELINQUENT, OF SALE, March 30—April 22* .Pay immediately -Mareb 5—~March 26 March 25—April 11* March 22—April 8 March 14 —April 2 March 18—April 8 Cons. Chlorida Flat.. ..Annual Meeting March 23 Cordillera, Mexico Annual Mecting March 21* OVGIIMMED os eee cess ecceeeceeecseeveeess Meeting April 11 LATEST DIVIDENDS— (Within Three Months). Amador, dlv. $10 per sbare.....Payabla Feb 7, 1870 Chollar-Potoal, dlv., $1. «Payable March 10, 1870 Eureka, dlv., $7.50... ..Payahla Feb. 7, 1870 Bale & Norcross, dlv., $6. .Payeble March 10, 1870 Ida Elmore, div., $1 «Payehla Dec. 14, 1869 Kentuck, div., $5 .Payahle Feb. 10, 1870 San Marcial, dlv., 50 . Payable Jan. 10, 1870 — Advertised in t! San Francisco Pricss of Copper Orss, San Francisco, March 17, 1870. W. T. Atwood states the following as approximate price at which copper ores can now be sold in this city. There is no sale for ores which assay less than 10 per cent.: Per ton. Per ton 12 porcent. ore...$24 00/18 per cent. ore...§41 40 130 t oT 26 65/19 “« 44 86 wot “ “a “ 48 00 isk “ tc “ 62 60 16 a ‘e “a “a 76 #0 17 CS erp Ores assaying shove 30 per cent., $2.50 per unit. Bars at the rate of 180. per Ib, for pure copper. Tae CanirorniA Siuk MANUFAOTURING Company.—We have reoeived the prospectus of this assooiation, which was incorporated on the 4th instant. The oapital of the company is $50,000, in shares of $100 each. The formation and origination at the present time is very auspicious, and its want and importance is recognized hy large nonmbhers of onr practical business men, all of whom are in warm sympathy with the enterprise, and the most of whom believe in its success. Over one-third of the stock is already taken, and it ie oonfidently expected that discriminating men of husiness will promptly avail themeelves of the opportunity to beoome pioneere in an important enterprise, and incidentally secure their own peouniary benefit, while they lend important aid im promoting the . prosperity and trade, not only of this city, . bnt of the whole Pacifio coast as well. Office of the company, 121 Post street. = San Francisoo Mining Stock Market, MINING 6HARE MARKET. Tbo mining share market has been characterized hy nnusual activily during the week under revicw, and the recorded (rannactions at (he Board show a larger weekly aggregate than for many montha past. Nearly all tbe leading atocka bave been In request at enhanced rates, and, at the aamie time, lt will be observed thst very vo. Tent fuctuationa took place from day to day, showing that the market bas been msn]puiaied hy speculatora to avery great extent, and, we may add, to the injury of not a few dealora. Howcvcr, all these Improvements are based upon an Improved condition of the mincs, of which we have somo cvridence In a number of clalma upon the Comstock lode, aud to which mony look for very satisfactory devclopmenta in the fulure; as lt ts, we believe that the duliucsa ao Jongprevalent in the mining stock market will not recnr very soon. Ware & Noncnoas—wasin moderate request, at an im. proved price. The weekly report of ore extracted, cloaing March 12th, ia as follows: From 175.level, 11734 tons; 300-level, 63; 535-Llovel, 38; third alatlon, 54; fourth sla. tion, 69; and sixth station, 742; making atolal of 1,073 tong: previous week, 1,027% tons. They bad on band 7,207 (ons, of which 2,485 tons ls low grado. At Intoat date, the shaft waa 44 fect In depth beyond the slxtb sia. tion, and cxiended Into the ore. body, Ooutn & Cunny—has not been In the market to a0 large au extent asthe previous week. During tho weck ending March isih, 518% tons of ore wore exiracted, showing an evcrage assay valuc of $49 25 to the ton; the previous week the ore preduct amounted to 368 tons, Tho work at the 291b floor in the North Potosi sbaft hss becn steadily carricd forward, and {s developinge greater quantity of ore than firat Indicaiions promised, samples assayed ranging from $200 to $800 per ton. The El Do. rado section cxhibits an improvement over previous reports. Since tbe last weckly report they have carricd thelr operations a floor and ¢ half furtber, and all In ore, overage assays giving $50 tothe ton. So faras thls body has t pened, the Indicati point to an extensive deposit. Last Chance and United States stopes ara ylelding more abundantly, and of a beiter quality, At the seventh station noihing of an encouraging nature has been met wiih, samples of the hest materisl In the northwest drift No. 2 giving $2 60 to the ton. Owlng to the bard rock they now encounter, they are making slow progress, CroLtan-Potosi—was in good request at a moderata advance. For tha week closing March 11th, 1,234 tons of ore were extracted, showing an averaga assay valno of $50 78 per ton. During this time the drift ranning wert from the New Shaft has heen extended 27 feet, making tho total distance from tbe shaft 307 fect. Ths water has increased considerably, and the work will pro. gress more rapidly for some days to come. On the lith inst. $23,370 in bullion was sent forward to the office in this city, and car samples of thia date show an assay value of $62 10 per ton, Kenruck—fluctuated considerably, rising to $105, and receding to $80 per share. A letter of the 12th inst. states that $35 tons show 4 yicild of $20 78 to the ton, The prospecting drifts from the Sage Brusb Station and ihe 230-level, running west, have as yet daveloped nothing tbat will pay to extract, and nnless those drifts will cut bodics of ore, the chances of any material discovery heing made In the old west works will be vory small. Tho drift running north, commenced on the Crown Point ground, 160 feet from tho Kentuck south line, has been pusbed to the nortb lino of the Kentuck Company, and o cross-cut east bas not developed anytbing encouraging. Crown Pomr—bas been in large demand, under a genaral improvement. On tbe 11tb Inst. they sent forward $7,315 in hulllon. During the week ending Marcb 12th, the 66 per cent. assay value of 405 tons amounts to $5,847 51—equal to $14 44 per ton.——-OvERMAN Makes the following ora exhibit for the week ending Marcb 13th: from tbe lower tunnal, 488; upper tunnel, 497; and 600. level, 74 tons, making a total of 1,059 tons; previous week, 834 tons. On the 1th inst., $14,500 in crude bul. lion wsssent to the offica in this city. Yettow Jaczer levied an assessmsnt of $7 per share on tba 15tb Inst, —Commercial Herald. MINING S8TOOK QUOTATIONS, MAROH 17, 1870. WASHOE. Bid. Asked, Asked. .$ 15 $20; = 135 22 = oO 23 1 20 E 2534 Iba = VW = {8 461 Avage ll . Sierra Nevada.. 8'4 9 PLOWOTY. ...004 — — (Seg. Beloher.. 5/3 7 Gould & Ourry.200 305 . Yellow Jaoket., 43 133 WHITE PINE. Bid. Askod. Aurora Oon..8 2¢ $ 4 Brodt... i = Chioride Oon.. — = Featherstone.. — _ Hidden Tr. Oon,. — = Mammoth.... 14 V4 CALIFORNIA, Amador,....$360 $975 . Hureka.....$240 §— IDAHO. Golden Ohar’t. $17 $18 [esas Oord.. $2 $ 2 Rising Star... — Soxoon or Mrnes.—Senator Stewart has introdnced a bill into Congress for the establishment of a National School of Mines. ; . Rarmroap Map.—Next week we shall publish a map showing the railroad{system of the central portion of California, with some facts ahont California railways. Tur Pastor is a zealone little sheet, pnb. lished by Rev. Addison Jones, and printed hy Spaulding & Barto.