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Collection: Books and Periodicals > Mining & Scientific Press
Volume 23 (1871) (426 pages)

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Page: of 426

August 12, 1871.] SCRENTIFIC PRESS. 85
The Great Western minc,; on Treasure
Hill was sold this morning. Geo. B. EIlery made the sale to an English company.
Mr. Bastian hrought in, on Monduy, to
McCullough & Co.'s assay office, 130 ounces of fine hnllion, the product of Constitntion and Orofino Irdgos in Sacramento
District. The rock was worked at the
Piermont company’s mill, giving a pnlp
assay of $266 per ton.
Arizona.
Bransnaw.—Prescott Miner, July 22d:
From parties just arrived we learn that
several companies at work on tho Tiger
and other prominent lodes were taking ont
yery rich ore. Riggs & Co., ata depth of
over 70 ft., had cut across a vein of quartz
24 ft. in thickness, 18 ft. of which, we are
assurod, was good paying oro. Tho Discovery Co. were sacking ore worth $800
or $1,000 to the ton; may be moro, as it
was literally covered with pure silvor. Kecently thore was taken from the Tiger a
pioco weighing 140 pounds, and whoso
sides were covered with native silver, was
hanled out of the shaft, hoxed, and will,
eventnally, reach Sau Francisco.
A very rich piece of gold quartz from
Humhng ereeck has ercated some excitoment hero, and parties havo started out for
extension claims.
Tho Del Pasco mill was nearly completod and ready for crnshing. May commenco Saturday.
Mr. Opdyke showed us, yesterday morning, a huge slab of silver-bearing quartz
from the Davis lode, Black Cation.
Monave Couyry.—A notable ledge has
been discovered near Beale springs, Wallapai District, Mohave county. Jerry
Ridgeway, the discoverer,, seut this ore to
Messrs. Niles and Mix, who had four
pounds of it worked, which yielded three
ounces of silver and ‘gold, worth four dollars per ounco.
Miners from Novada were arriving in
Wallapai District. Work steadily progressing.
Hassayamea Disrricr.—Samo of 29th:
The Davis lode is yielding a deal of rich
silver oro.
J. Voshay has heen testing the Emma
mine, which runs parallel with Groom
creek, He has found genuine hoin silver.
Six pounds of ore treated hy milling procoss, yielded $4.50, over half in gold. Tho
mine is about six miles south from Prescott.
Waker District—R. Wood, a placer
miner was recently hore. He had several
0z3. of course gold. One piece weighed
$3. Water, he said, was very scarco, there
having fallen but two showers, this summer, up to the time he left. His pay-streak
was ahout ten feet wide; his gravel paid
ahout ten ceuts'to the pan, and had he
plenty of water for rocking, heconld make
two ounces per day. Mr. Pointer, from
same district, informs us that Mr. Shelton
was taking ore from his Vernon lode that
is rice enough to pay $1,000 to the ton?
Other miners were extracting ore and doing a little placer mining.
Weaver Duisrrietr.—John Davis and
others lately got from the Columbia lode,
in an arastra, $140 to the ton. They are
down upon the ledge some 30 feet, where
it is about two feet thick. They mean to
continue work, Mr. Groves showed a piece
of the ore of a milky color, with several
good-sized particles of gold.
Itis stated that ahout fifty tons of
“Great Sexton” oro are to he worked at the
Vulture mill to test the miue.
Wicxenrvre Disrrict.—The Vulture
lode, we loarn, is hetter aud healthier than
at any previous time. The deepest shaft
is now down over 300 ft., and, reports says,
water has heen struck. The mill is reducing about seventy tons every 24 hours.
Tue “‘ Kexny" lode is the newest, richest mining discovery. It assays woll—$150
to the ton, in silver—is three feet wido,
and ‘“‘hnilt in proportion.” It is less than
a mile west from Prescott.
Idaho.
The Lewiston Journal, of July 15th, congratulates its community on the ground
that the extension of agricultural pursuits
is likely to improve the comfort and
cheapen the cost of mining by lowering the
rates of living. It reports mining interests
at Elk City as lively, or more than in
former years. There are preparations heing made to develope the quartz leads in
that district.
Silver City Avalanche, July 25th: Bullion shipped hy W. F. & Co. for the week
ending yesterday, 15 hars—$22,378.07.
Sours Cuarior.—Incorporated in 8. F.
The Co. includes the Peck & Porter mino
and War Eagle mill in its property. It is
one of the best and most suhstantial, and
as soon as properly developed, handsome
dividends will he the order of the day.
1
‘‘Borsk Basty Beprack Friraixa Co.”
has been incoporated. Trustees B. M.
Dnokell, W. B. Noble, G. W. Craft, J. J.
Tompkins, D. H. Alderson, J. G. Bryant
and W. C. Whitson. The purpose is to
constrnet ditehesand flumesin More creek,
Elk ereck, Grime’s creck and Granite
ereek, in Boise county, Idaho Territory.
Puenry oF MINING “Grouxn. —Statesman,
July 25: Thoro is lots of mining ground
in Idaho at present unconsidered, which is
destined yet to yield heaps of gold. It lays
in ont of tho way places, difficult of access,
and will require capital to bring water
npon it beforo it hecomes productivo, Of
sueh a kind aro the Copeland diggings, in
Lioiso county, where it is said that there are
thonsands of neres that will pay first rate
wages. Tho Co. which havo worked thero
have mado an ounce to the hand por day.
Wator is searco.
Gold aud silver-bearing quartz of great
richuoss has heen discovered in tho Bnekskin mountains, ahout four hundred miles
southcast of Salt Lake City. The Indians
are very numerous and hostilo there.
Montana.
Deer Lodge Indopendent, July 28th:
A Philipsburg writer says a 5-stamp hattory is erected for tho Speckeled Tront.
The Nevada process of roasting the ore beforo crushing will he adopted, and it is helieved will he a success. A three-stamp
hattery owned hy Wm. Blay & Hugh Bell,
has heen erected in town for tho purpose
of working ore from the Franklin lode,
owned by Ellery & Cay.
Axour $6,000 was taken out out of German Gulch in 10 days.
Rep Mr.—New Northwest, Deer Lodge,
Jnly 2ist: The Nevins lode cleaned up
last week $1,400. Deer Lodge purties
purchased one-third. Nevins and Brannagan own the remainder. ..The Dixie lode,
owued hy Dickey & Parks, are running
two arastras, with a resnlt of $25 to $30
per ton..Canovan, Trainor & Wilson on
Thursday cleaned up $400 for five days’ run
on the old discovery grouud. A new
streak prospects $2 per pan, with 3,000
foet of new grouud ahead of them..
Andrews, McBride & Co. have struck good
pay in their old ground helow Coolcy gulch
.Getzler & Maul are making good
wages from their claim at the mouth of
Horse gulch, and expecting hetter developments..Only one China company in
the camp—at Cooley gulch..Tho Moose
Creek silver mines are looking better than
ever, and the Co. are preparing to ship ore
to San Francisco for reductiou..There
is yet plenty of water in Highland.
Lincoun.—Herald, Holena, 20th ‘ult:
Last night DeWitt &
230 ozs. gold.
Arcenta.—(azette. Tho furnaces, erected hy Tootle, Leach & Co., and Messrs.
Bohm & Co., and others, ave working a
complete rovolution here, and Beaverhead
county is looking up.
Bouungr.—Independent: Carr & Co. are
making $20 per day tothe hand. Devine
& Co. are rigging a wheel, and will shortly
attempt to reach hedrock in the main
honlder. From prospects ohtained in the
gravel it is helieved that if hed-rock can he
reached it will he found to he rich. MeBurney's Chinese gaug have not been successful in operating on Lowland gulch.
They are making $1.50 per day upon the
samo ground that white men had made
from $4.00 to $4.50 per day.
Utah.
Borsrorp_ Mrinz.— Salt Lake Tribune,
July 28th: From a statement published in
the Salt Lake Zribune, it appears that this
mine, reeently sold to ‘Englishmen hy Buel
& Bateman, show from 15 ,000 to 20,000
tons of argentiferous galena, three tons of
which makes a ton of bullion, worth, at
Omaha, $190 a ton, and of which ahout
half the value is profit.
The Utah Smelting aud Milling Co.,
whose works are situated at Eureka, Tintic, hy virtue of success, have now on hand
ahout $15,000 worth of bullion, the partial
yesult of one month’s run of tho Homansvill furnace.
The Denver (Col.) Tribune says Col.
Buell, of Nevada, now of Salt Lake, was
in Omaha yesterday, and informed Dr.
Latham that he had just sold the Utah
‘‘Bullion" mining property to au English
company, headquarters in Boston, for one
huudred thousand pounds sterling—fivo
hundred thousand dollars gold—aud got
his money.
Discovery.—Corinne Reporter, July 29:
Judge Elliott has just returned from a
prospocting tour on the sonth-west side of
Great Salt Lake, aud hrings with him
some fino specimens of ore. He reports
that the party, of which he was one, has
discovered extensive ledges near a good
Stager ,hrought in
lake landing, not far Jistant fromthe mine.
Mining Stock Market.
[San Francisco Stock and Exchange Board.]
‘Tuonsnay Eve., Ave. 10, 1871.
MISCELLANEOUS STOCES.
We note sales of San Francisco Gas stock at
$82; North Beach and Mission Railroad at $55;
and Spring Valley Water at $75 per share. ‘The
last-named company disbursed a dividend of
¥ per cent. on the 10th inst.——The California
Trust Co. will pay a dividend of 13{ per cent.
on the 12th inst. —-The People’s Insurance
Co. paid a dividend of 1 per cent. on the 10th.
Pacific Bank stock sold at $98 per share,
The Collowing quotations have been carefully revised hy
£. 11, Woods, Broker:
Federal, a County and City Bonds,
Nai roa ar ked.
Us, Bens 8, seth, "67, °68, with int. » 10) ca or \
Uae] ponds, 2 20343
U.S 0344
Legal ‘ender "Notes He w
Oatifornia State Bonda, Ts, 1987, par =
San Francisco City Bonds, 6s, 185: 16 =
San Franciace Oity and County Bon ng =
San Francisco Seliool Bonds, 1s, 1860. Tu —_
San Francisco School Bonds, 10s, 18f1 parkint'st
San Franoisoo City and County Bonds, 100
Sacramento Oity Bonds... 32
Sacramento Oouaty Bondar 85
Stockton Oily Bonds. as
Yuha County Bonds. &a., 0
Santa Clara Oounty Bonds, 7: 0
Butte County Bonds, 10s, 1860,
San Mateo County Bonds, 7a,
Santa Cruz Connty Bonds, 10
Oakland City Bonds, 103 ct.
Sau Frauciaco and Miacetla:
Name.
San Francisco Gas Oo
Sacramento Gas Co.
Spring Valley Wate
Omnibus Railroad C:
Oentral Railroad
North Beach and Mission Railroad C. 55 85
Front Street, Mission and Ocean Railroad. Bu 18
Fireman's Fund Insurance Oo.. Aid 10
Pacifie Insurance Co. ...-. 109 10
Merchants’ Mutual Marine Insurance no lla
Malifornia Insurance Co. mM Wy
Union Insurance Co. oa 100
Occidental Insurance 7 99
Psople's Inaurance O. 1 10
The Rank of Oalifornia . 1 Weé
Pacific Bank .....5 96 98
MININO SHARE MARKET,
In volume the transactions at the Stock Board
show 4 diminution as compared with the previous week, although in certain prominent Washoe stocks, as well as a number of outside claims,
the sales have heen large and at an advance.
The intrinsic merits of a mine will at times assert themselves, and this causes speculators to
work with outsiders, carrying snch stocks far
heyond their true value; and it is at this juncture that insiders gain the advautage. To operate successfully in the stock arena one must
know the inside views; true, occasionally legitimate purchases, without the knowledge of combinations or the merits of the investmeut, result
in large gains, hut snch instances are rare.
Mining interests generally have a very hopeful
look, and as our miues are coming nnder better
and still more economical management, which,
we are glad to learn from ali quarters, is the
case, the prodnetiou of our precious metals will
be vastly increased. Recently sales of large
gold-mining properties in our State have heen
effected in London, and still others are upon
the market; and we do hope that no disappointments will follow these investments, for they
seem to he the forerunuers of great prosperity
to our State and the entire Pacific slope.
The ageregate sales in the Stock Board,
from August 3d to the 9th, inclusive, have been
as follows:
shares Argenta at $i@2 50.
shares Alpha at & a
shares Amador at.
9803 shares Belcher at sinalvom.
1450 shares Buckeye at $ Caner. a
8114 shares Chollar-Potosi SIN 28 ‘5@0 50,
1845 shares Caledonia at. were as
shares Fureka at S20@14@15,
shares Eureka Cobennantad at S1SOi@15 6234,
shares Gonld & Curry at $125@106.
shares (olden Ohariot at $30 50@18@119,
shares Hale & Norerosa at $93@125@97.
cS)
SHES SERS SSdane soe sesSs
3
Fc
110 sbares Impsrial at $25@30,
shares Ida Ellmors at $7 76@7 50.
2040 shares Jackson at 6¥a6No.
shares Kentuck at Sey
1785 shares Lady Bryan at SX03 74@3 Jit.
1720 shares Mahogany at 87 77@120)11 28 a 30,
5105 shares Meadow Valley at $20@22@20,
560 shares Monitor aie Magnet at $7 50,
5728 shares Orig'] Hidden ae Be $i 50ND 25.
7317 shares Ophir at $9 75@14(@12
shares Ovorman at 35 75@f,
4096 shares Phoentx at $2 24@2
1855 shares Pioohe at $11 sane s0e10 S74. @
680 ahares Savage at $36
410 shares Segregated Boleey at $7 15@6 50@8.
4892 shares Succor at #A@7
480 shares Yule Grave) at i Sa =
6012 shares Yellow Jacket at § Ore H@4$ 50.
40 shares Crown Point at. S810@a0:
#0 shares Maney ot 33 £
2560 shares Raymond & Ely x $9 75G21:20 50,
115 shares Consolidated Virginia at $6 50@9.
10 shares Proifie Bank at S98.
60 shares Sierra Nevada at. $14.
500 shares Noonday at. 30/@)35c_
10 shares Bullion at
26 shares San Franoisoo Gas at $8
20 shares North Beach ond Stissina R.R. at $55.
60 shares Spring Valley Water Co. at $75.
Amount of sales. 1,977,387,
Haze & Noroross—sold to a limited extent
at fluctuating rates. During the week ending
August 5th, 27324 tons of ore were extracted.
They have in their dumps 4,91674 tons of ore,
of which 3,686%{ tons is low grade.—-Crown
Por is dull at recent figures. On the 6th
inst. the 1,060-foot level was 113 feet iu length,
both levels showing about the same quantity of
ore. The winze to connect the 900 and 1,000levels had attained a depth of 33 feet, the last
few feet running in clay and porphyry. For
the week ending August 4th, 1,435%% tons of
ore were taken ont, showing an estimated value
of $46,325, eqnal to $32 50 per ton. A dividend of $10 per share was dishursed on the
form rates. For the week ending August 6th,
tho ore yield amounted to 656 tons, valued at
$32 50 per ton.——Bercner sold largely at an
advance. On the 6th inst. the incline was 40
feet below the track-floor, and the indicatious
are said to he favorablo for finding good ore.
—Cnortan-Porosi attracted considerahle attention, at well-maintained prices. During the
week closing Angust 5th, 1,067 tons of ore were
extracted, valued at $43 37 per ton. A dividend of $1 per share was disbursed on the 10th
inst. Total amonut of bullion for July, $151,122.——Yer.iow Jacket was largely dealt in at
uniform rates. A dividend of $2 50 per share
was paid on the 10th.—— Mrapow Vairy shows
a total bullion product for July of $193,000.
A dividend of $1 per share will he paid on the
15th.—Raxmonp & Inv, under the recent
purchase of contiguous gronnd, advanced to
$20 60 per share. The bullion product for
July aggregates $62,000.MINING STOCK QUOTATIONS, AUGUST 1, 1871.
EL eked oe an
1 je
Amador.. F265 t. Patri Bb eet
Bureka,.. Bt 16 tale cruel ones 104G 1
a eee =
= id. 6
& 8'4. Hale & Norcross, eo ad
a oe perma 28
303
Exchequar «
Gold HillQs
Gould & Curry.. —
Virginia.
Ceneral L 35e
bid
MAO,
Asked. Bid) A
Golden Char't. wiite. Mahogany eee $1028
‘
Ly
Ida Ellmore...
me DISTRICT.
Bid. Bid. Asked.
Mead'w Valley,.$21 rite {. Raymond & Ely. 20g 21
EUREKA DISTRICT.
Rid, Asked. Bid. Asked.
Eureka Con..$154y 1G . [Phaonix....$ 2 24
—{S. E Commercial Herald,
Mining Shareholders’ Directory—Meetings, Assessments and Dividends,
(Compiled weekly from advertisements in tho Screnqdirio Press and other San Francisco journals.]
ASSESSMENTS
NAME, LOCATION, AMOUNT AND DAY
DATE OF ASSESSMENT. DELINQUENT.
Buckeye, Lyon Co., Nev., Inly 19 .$1..Ang. 22—Scpt, 8
Columbus M. & M. Co., Aug. 8, $1,..Sept.12—Sept, 20
Cons. Vir. Storey Co., Nev., Aug. 1, $1.50.Sept 5—Sept26
Eagle Q. M. Co., Cal., June 14, $20...Aug. 9—Ang. 14*
Hale & Noreross, Va. City, June 29, $10.Aug. 1—Ang. 19
Highland 8. M. Co., Nev,, July 13, 10c.Ang, 1—Sept, 11*
Jeinsen Lubricator Co., Aug. 1,60c..Sepb. 7—Sept. 28*
Kincaid Flat M. Co., Tu. Co., Ang. 4, $2.Sept. 11—Oct. 2*
Mahogany, Owyhee Co., I. T., Jn. 22 $2. Ang. 10—Aug 28
Marhle Falls, Nye Co., Ney., Jul. 12, 50c.Au. 19-Sept 15
Marcelina, Nev,, June 2, 20cts..,.dune 1]—Angust 13
Mcadow Valley Ex, July 5, $2. Aug. 14—Sept. 11*
Mina Rica MM. Co., Placer, ‘Aug. 8, 20c., isnt 1]—Oct. 3*
North American Con. M. G -, J. 31, 20¢. Sept. gee 30*
Nevada Butte, Battle M
Noonday, White Pine, Jnly 13, a0e
Nevada Land & Min: Co. July 25, 4
Ophir, Va. City, July 12, $5
OQ. H. Treasure, July 6, $2
Ophir C. 8. & G. M. Co., A
Overman, G. H., July 26, $2.
Phenix, Lander Co., Nev., July 24,
Seg. Belcher, G. H., July 20, $5.
Shipley, Placer Co,, Ang. 2, $2.
Sumner, Kern Co. June 14, ‘ga. . Aug. 15—Aug. 30
Tecnmseh G. 8. & C. M. Co., Jl. 2a, ‘5. Sept. 4—Sept, 28*
Tallulah, Humboldt Co. Nev. July 27, $1, Ang. 28—Sent 19
Virginia M.&M. Co. .W.P. July July 26, 25¢ Sept 2 Sept-20
MEETINGS TO BE HELD.
Bollevue M. Co. -Annual Meeting. Sept. 14
Fastnort Ooos B journed Meeting, Aug. 18
Ida Elmore. -Annual Meeting, Aug. 7
Meadow Valley.
Mohawk & Mon
San Joaqnin and Ring: ver Canal Co. Special, Aug. 16
LATEST DIVIDENDS—(Within Three Months).
Chollar-Potori, $2. «Payable July 11
Choellar Potosi, $5
Crown Point $10
Eureka, div., $2
Eureka (Cal), $
Eureka Cons., 75c.
Golden Chariot, div.,
Hale & Norcross, div., $
Meadow Valley. .
Natoma, div. 1 per con
North Star, $3 .
Overman....
Redington, 1 per cen
Vellow dacket, $2 50.
Yule Gravel, 50 cts.
—*Advertised i in this journ
DAY
OF SALE.
Sept. 7—Sept. 27
pt. 4—Sept 25+
.. Aug. 31—Sept. 18
0c.. Aug. 28—Sept. 19
. Aug. 23—Sept. 12
. Sept. 6—Sept. 27
-Payahle July 15
.-Payohle Ang. &
.-Payahle May 10
nual Meeting, July 13
-».-»Payahle Ang. &
»Payable July 10
.-Payahle Aug. 4
MARAVILLA COCOA.—No breakfast table is complete
withont this delicions heverage. The Globe says: ‘Various
importers and manufacturers have attompte ed to attain a
roputation for their prepared Cocoas, hut we douht whether
any thoronch succsss had been achisved until Msssrs.
Taylor Brothers discovered, tha extraordinary qualities of
‘Maravilla’ Cocoa. Adapting their perieee aystem of
preparation to this finest of all species of the Theobroma,
they have producsd an articla which supercades every other
Cocoa in the market. Entire solubility, 1 delicats aromaand a rare concentration of the pnrast slements of nutrition, distinguish the Maravilla Cocoa above all others. For
homeopaths aud invalids we could not recommend a more
acreeable or valuable haverage.” Sold in packets only hy
all Grocers. of whom also may he had Taylor Brothers,
Original Homeopathic Cacoa and Soluhle Chocolate
Stenint Millen Brieke Lano, London. Export Chicory Mills,
Bruges, Belgium. fe25-ly
Continentat Life Insnrance Co., 302 Montgomery street, corner of Pine.