Volume 24 (1872) (424 pages)

February 17, 1872.] SULENT LalG PRESS: 101 valued at $1,199,135, or an average of €64.26 in the last 5 months, since when the new discoverics were availahle. The cost of prodnetion was $599,775, of which $12 per ton is for ernshing and $7.50 per ton for labor. The sonth drift, at the 1,100-ft. level is in oro which averages ahont £132 per ton. WHITE PINE. Base Mines—Great Vauuey Co.—The mines owned hy tho Co. aro at the foot of Labylon Hill, abont half a mile from Swansca, near Shermantown, and consist ofthe Great Valley and Union mines, with a length of 2,000 ft. of gronnd. ‘The location was made in April. A tuunel was started and run west 200 ft. in ore. Fifty ft. from the cnd of tunnel a shaft was put down and ore fonnd. An air-shaft was sunk 125 ft. deep, to the bottom of tho tunnel, and fonnd a fino body of ore the whole distance dowu, Afterward a shaft 30 it. deep was snnuk ou the side, and a ledge of mineral 5 ft. wide developed— making altogother a depth of 155 ft. in oro, from tho top of ths air shaft to the bottom of tho 30-ft. shaft. Three other shafts are down on the line of the ledge, aud ore fonnd iu all of them. The ledge is prospscted for 1,000 ft., showing ore wherever the ledge is opsned. Five hundred tons of oro were extracted from the mine; 100 tons wero disposed of to the Matteson Furnace, and 400 to the other fnrnacss in the Dist., and turned ont bullion to the satisfaction of the owners and purchasers. It is estiinated that 75 tons of ore can bs extracted daily from the present openings, and the number of tons increased after further openings are made. Tn differsnt openings are bunches of galena ore which assay (in silver) from $50 to $200 to the ton. Launcreston.—This mine is on the west slope of Treasurs Hill, aud ahout % ofa inile from Shermantown. There ie 10 ft. of an open cut on the ledge, and a tunnel in 35 ft., making £5 ft. altogether run on tho ledge. Inthe back end of the tunnel there isa well defined foot wall, and a good showing of ore. There are abont 20 tons of ore on the dump. The length of the mine is 800 ft. Exwrre.—The Empire mine is on the west elope of Treasure Hill. There is a tnnnel in 100 ft., showing a large body of carbonate and milling ore, The pitch of the ore is almost vertical. Inside of the tunnel there is a lot of ore sacked up, that was taken out while running the tunnel. About a year agoa shipment of ore was made toS. F., which worked $100 to the ton. Monrze.—The Mobile is about half a mile up the caion, shove tke Great Valley miue. Atunnelis run in on the ledge 200 ft., and shows a true fissure vein, with well-defined walls. In the center of the location there is a shaft 70 ft. deep, showing ore from 3 to 5 ft. in width, that assays $80 and $200 to the ton, A drift is in 80 ft. from the bottom of the shaft. There is ahout 450 tons of ore on the dump that was taken out of the drift. A foreeof men is at work prospecting und making further developments. Bowre & Brown.—Thie location is 1,000 ft. in length, on the northweet end of Blue Hill. There isa tnnnel in 100 ft. which taps the mine at 75 ft. from the surface. The ore is of a hluish green cast, of a copper character, and requires roasting. A shaft is down 45 ft. from the hottom of the tunnel showing the ore body increasing in thickness. About 50 tons of ore were breasted out and milled, going: from $90 to $100 to the ton. Rernpeer.—The Reindeer is an exteneion of the Empire, and owned by the same Company. ‘There is a shaft down 40 ft., showing a fiue body of carhonate ore, going down vertically, as in the Empire. 45 tons of the ore taken out fof the ehaft was worked, and averaged $100 to the ton. Assaye of the ore go as high as $500 to the ton. The iength of the mine ie 1,400 ft. Live YanKeE.—A shaft is down 65 ft., from which 67 tone of ore were taken out and sold on the dumps for $20 per ton. The ore assays $60 to $900 to the ton, and will average about $100. The character is copper, with a showing of lead. The last ehift of men averaged a ton of ore to the hand in the breast. ‘The location is 1,000 ft. in length. Orner Bask Mines.—Among the most prominent base mines are the Imperial, Monitor and C. 0. D. There has heen a large amount of work done on the Imperial, showing on immense hody of ore. Treasure Hina Mines—Norts AURORA. of high grade ore have come in. Hoisting night and day throngh the Engine shaft, and shipping 50 to 60 tons daily hy tramway to mill. East Saenorcan.—Ten men are cmployed in the differeut works. The south drift has mado 6G ft. in dopth since last report. Exchange inclino made 3 ft.; spar in the bottom. Regent drift mado 7 ft. the past weok, making a total distance of 95 ft. The ore in sight is of a hetter quality than any ever hefore taken ont. The ore is one foot in thickness, lying on a spar wall. Asnury Tunxnen.—Norris has resumed work in tho tunnel with a force of men. He has a contract for the wholo work. The tnnnel is iu over 300 ft. Rnnuiug ahead and prospecting in the side drifts. Energasrpt.—There is one shift at work cleauing ont the snow from the Keystone tuuuel. Shipping ore every alternate day by tramway to mill. Gex. Lee.—Following spar scam up the hill from the ore chamber. There isa width of 3 ft. of ore in sight, and improving in quality as work is pushed ahead. Tho indications for opening up a good body of ore are flattering. Correr Guance.—TIwo men employed. Drift at the hottom of shaft driven ahead 3 ft. since last mentioned. The uew or north shaft is sinking in limestone; cap put down 3 ft. since last report. San Juan pet Rio.—The oro is improving in qnality as depth is attained. Bercuer Cons.—There is # shift of two men working at present. BEEoHER. — Sinking the winze in the Phillpotts chamhsr to connect with the East drift of the Lady’s chamher. Running 2 shifts of 6 man. Sourm Avrors.—Work progresses as nsual in the tnnnel and shafts with encouraging prospects. Pocorm1t0o.—The ore is‘of a fair milling grade. Oorsme Dists.—Grant is 65 miles sonth of Hamilton, and ahout 12 miles north of the mines of the Troy M. & M. Co. The . mines are favorably situated and easy of access. Within a radius ofa half mile is a group of mines that have been more or less developed. Following are the results of assaye made from a number of the mines: Chieftain lode, South of the cation, carries 2 ft. of ore that assaye $300 to $600 to the ton. A ehort distance sonth are the White Cloud, Poorman, and Patriarch. The first named has a shaft down 6 ft., showing with well-defined footwall], 2 ft. of mineral, assaying $70 to $500 to the ton. Ou the Poorman there is a ehaft down 60 ft., with avein of 4 ft.in width, 2 ft. of it good milling ore, which assaye $120 to $500 to the ton. The Patriarch ehows a fine hody of ore on the surface that is traced out for several hnndred feet. Assays go from $80 to $600 per ton. About a mile and a half southwest ie the Ramshorn, on which a shaft is dowu 10 ft., showing well-defined walls and avein of mineral, going $50 to $250 per ton. The Rocket, Sonth of Fish Springs, is also a well developed lode. The ore assaye $50 to $250 to the ton. Connel lode isnorth of Hunter’e cation, a short distance helow the epring. This ledge promisee to he the leading mine of the Dist. The country rock is quartzite. There isa ehaft down 40 ft., with 6 ft. of ore, pitching at an angle of 45 degrees. says from $90 to $300 per ton. Idaho. Quanrz.—Silver City Avalanche, Feh. 3: During Jan. the quartz weighed at Garlick’e scalee foote up 2,200 tons. Locan Recorp.—The Elmore mine still continnee rich in the 7th level which is heiug runnorth fast. The ledge looks well in the winze, which is heing hoth sunk and raised. The only had feature ahout this chimney of ore ie, that it commencee ahout 100 ft. north of tho shaft, and cannot be mined out until the 6th level drift is in far enough to sink a winze from the 6th to the 7th level, to give ventilation of air, which will occupy ahout 2 months. The object of sinking the winze from the 7th level ie to determine whether the rich hody of ore goes down. If such is found to he the ease, the main ehaft will theu he sunk for the 8th level. That portion of the Oro Fino mine owned and worked by the Elmore Co., is not turning out quite as much ore as it was a short time ago, neither is the ore quite so good. The Oro Fino Discovery North, which Minear is working for the Owyhee Co. is turning out more ore daily than usual, and of a somewhat hetter quality. The ore is improving in the 3d level The Risdale chamber has improved very) drift north, which is heing rnn by the much in appearance since our last visit. The ore ie of a higher grade and requires hut little assorting. Shipping from 30 to 35 tons daily by tramway. Rich bunches North Oro Fino Co. This drift is run for the purpose of getting into the ground of the latter Co., and is nearly to the line. The waste rock and ore is hoisted through The ore as. the main shaft of the North Discovery gronnd. The Golden Chariot mine is being worked undsr considorable disadvantage, on account of the great distance of the shaft eastward of the ledge. At the Sth level it was fonnd necessary to rnu a cut 75 ft. in order to tap tho ledge, and at tho 9th level it would tako a cross cnt of more than 100 ft. to counect tho shaft with the ledge. Supt. Daviss proposes, if his Co. is willing, to rsmedy this, and save the expense of running cross cuts by constrncting a new shaft—with 3 compartments, 2 for hoisting and 1 for pumping—down through the old stopes on the samo incline as the vein. The miue sent 800 tons of the ore to tho Owyhee 1nill last month. The South Chariot Co. is still running its 4th level drift north. ‘The drift is in 200 ft. from the shaft, or 268 ft. from ths south line. In the faco of the drift, tho ledge is considerably split np, but the walls are good. An immense rich body of ore is said to havs been struck in the winze of the War Eagle mine this week, which is creating considerahle stir in camp. Mr. Knott continues operations in his Florida Mountain mine and has besn rnshing the ore dowu to the Cosmos mill for several days past. Viontana. Hetexa Repuctron Works.—Hesleua Gazette, Jan. 29: The last furnace lighted is yielding at the rate of 2,000 ibs. of hullion every 24 hours. The product from 6 Pp. M. on Tuesday to the same hour last svening, was 38 bars, wsighing from 53 to 55 ibs. each. Anothsr furnace will be fired to-morrow. Utah. Procae Bonuion.—Salt Lake Tribune, Feh. 3: During the last week, W.F. & Co. have received and forwarded the following lote of fine hullion from Pioche. Jan. 27, 6 hars, $7,538.20; Jan. 29, 7 hars, $9,188.29; Jan. 31, 7 hars, $9,066.42; Feb. 1, 16 bars, $49,003.40. Total, $74,816.31. Today G hars more will be received which will swell the amount to more than $80,000. New Goutp Fre.p.—By telegraph—sSt. George, Feh. 3. Rich discoveries of gold are reported on the bars of the Colorado river, helow the mouth of Diamond river, and about 100 miles south of this place. With copper sheets $14 per day can he washed out by one mau. Miners are constantly passing tbrough here en route for the new Ei] Dorado, and large numhers are going up the Colorado from Lower Cal. and Arizona. The Silver Belt dist., near Pinto, is creating considerahle excitement among prospectors, and new discoveries are heing made. The average assay of the ores in that dist. ie about $50 per ton silver. S. F, Stock Exchange Board, San Francisco, February 15, 1872. The mining share market has fluctuated considerably during the past week and transactions generally have been large. Friday, stocks were rather weak; Saturday, very much depressed, and a general collapse to a certain extent; Monday, further depressed; Tuesday, strong again; Wednesday, fair, and to-day the excitement had quieted down materially, all descriptions show a marked decline over prices of last Thursday. The receipts from the North Star mine, at Grass Valley, for the month, aggregate $22,330. The sales for the week ending Wednesday the 7th inst., at the Stock Board, amounted to the unprecedented sum of $8,045,600; for the previous week they amounted to $4,208,000. Saturday last showed a very marked decline in the prices of mining stocks, all the prominent Washoe descriptions being lower and the decline being from $10 to $90 per share from the day before. The last clean-up of the Succor mine yielded $8,200, and that of the Virtue mine $3,350; the yield of the latter for January was $7,500. The January receipts from the Meadow Valley mine were $141,000, and on this month’s account $25,300 have been re-. ¢ ceived. Last week 796 tons of ore were taken from the Crown Point mine, valued at $33,000, and 888 tons from the Chollar-Potosi, assaying $48.62 per ton. The Lemon Mill & Mining Co. elected the following Trustees on the 10th inst.; G. W. Clark(President), John Hahn, H. H. Shafer, H. Baroilhet, and F, A. Oliver. J. T. Milhiken was re-elected Secretary and G. Dussol, Treasurer. Last week the Savage mine produced 987 tons . of ore averaging $37.47. On the 10th inst. the Saperintendent of the Raymond & Ely mine sent down $18,300 from the old mill. Comparative Prices—Extremes. Advance and ecline.—§&. F. Stock and Ex. Board. Feb. & Highest, Lowes, Fob. 15, 40 Ed Be — 104 GxtBuckeye . 4g 5 Ag a -Chollar-Po RG ba 6 = 2 Caledonia. WW 10 10 oe 3 2 40 BES _ 10 Ti0 790 = = — 2G 2 so = = fou thy 25! = 4 b) MoS1K Ie 15 = = ry. B45 345 Ho 80a = — «CSI GoldenOhariot. 15 15 12 = ae = Hale & Norcross 305 25 210 25 50 130 1 Tey OS -_45 we im say Le 42} = Ee we” oe ey oe 9 4 6 = 10's Ba) = = ye) bl) 10s = Pl) 8 iN; = = aS Overman. cs) 42 sa oe Pioche . l4 ik 10396 n a Raymond & Ely.1il lal HI 138, = 3 Savage easily aie lo 230 — 80 Sierra Nevad. 3 2a 23 r= a Sucton .sc. 3 s 54 i; — I Warh. 2 Creole. 6 alg AN 5 — t Yellow Jacket. 90 oi 65 ia = as St. Patrick .. 20 wn 6 = = = Seg. Beloher. 67 rs 83 [3 t = Latest Prices—Bid and Asked. 5 , nip, asSKED Alpha Cons. 26 2 jida Elmore.. — = Amador. — — . Itmperial .. Ra Belcher. 630 Kentack .2-. 0 142 Obollar-P% fh 63 . Meadow Valiey. Iiig 16% Orown Point TiO Ophir. .. 110 ns aney . cs 24 Orig, Hid. Troas — = Eureka Con: 24 244 Overman oe 55 56 ureka . — (Savage . + 225 20 Golden Ohariot. — — jRaymon E 134g Gonld & Curry, 21294 215 . Rierra Nevada. 21 Px) Hule & Norcross 20 25 "Yellow Jacket. TM 72 Mining Shareholders’ Directory—Meetings, Assessments and Dividends. (Complled weekly from advertlsements in the ScrenTIFIO PREss and otber San Francisco journals.] ASSESSMENTS. NAME, LOOATION, AMOUNT 4ND DAY DAY DATE OF ASSESSMENT DELINQUENT. OF SALE. Alhambrs Hill M. Co., Nev., Dec.9,50c.Jan. 13—Feb. 27* Backeye G. & 8. M. Co., Nev., Jan. 9, $1. Feb. 13, War14 CaledoniaS M. Co., Nev., Feb, 1, $4.Mar 8—Mar. 29 Cherokee Flat, Butte Co., Jan. 3, $2.60.Feb, 6 Feb. 23 Daney G. & 8. M, Co., Nev., Feb. 1, 65¢.Mar. 1—Mar. 26 Emerald Hill M. Co., U.T., Jan 11, 25c,—Feh, 19, Mar. 14 Empire M. & M. Co., Nev., Jan. 6, $10.Feb. 8—Feb, 26 Golden Age& Empire M.Co. Feb. 9,$».60. Mar, 12—Apr.3 Gould & Curry, Nev., Jan SO, $16..Mar. 4—April 26 Golden Charlot, I. T., Jan. 31—! Mar. 9, Mar 30 Ida Elmore, Idabo. Dec. 20 $3.00..Jan. $1—Marcb 4 Imperial 8. M. Co., Nev , Jan. 5, $10.. Feb, 8, Feb, 26 Kentuck, Nev. Jan. 20, $10..+.Feb 24—Mar. 13, Lemon M. & M.Co., Nev., Jan. 6, 50¢.,.Feb, 10—Marcb 2 Mabogany G.&S.M.Co, L.T. Jan, 26,$1.60 Mar. 6—Mar, 23 Mina ica M. Co., Cal., Jan. 16, 20¢c. Feb. 19—Marcb 11* Monitor & Marnet, N. T. Dec. 4, 25c.Jan, 98—Feb. 17 Mt. Jefferson M. & M. Co., Cal., Jan 8, 25c.Fe 6—Fe 22* Nevada L. and M. Co. Nev., Jan. 9. 4c. Feb. 13—Mar. 4* Nonpareil G. M. Co., Cal. Dec. 27, $3.50.Feb. 3—Feb. 24 Noonday S.M.Co. White Pine, Eeb.1,20c.Mar. §—Mar. 26 Overman, Nev., Feb. 22. $4. +-Feb, 22—Mar. 11. Phenix, Nev., Jan. 18, 75c. -Feb, 22—Mar. 13. Piermont M. & M, Co., N., Ji , 80c.-Mar. 1, Mar, 23* San Buenaventura Co. Cal., Jan. 19, $1-Feb. 29—Mar. 29 Sierra S M. Co., Nev., Jan 4, $3..Feb. 6—Feb, 23 Silver Wave, White Pine, Dec. 19, $3.Jan, 25—Feb. 23* Silver Wave, Nev., Jan. 30, $1.. Feb. 26—Mar. 19.* Soutb Chariot M. Co., 1. T., Feb. 8, $1.Mar. 9—April 1 8t. Patrick M. Co. Placer co. Cal. Peb,.8,$4 Mar.13—Apr.2 8. Guleb Gr. M. Co.,Cal., Feb 7, $1.60. Mar 13—April 3* Succor. M. M. Co., G. H., Jan. S, $1.50.Feb6 Feb. 27 Tecumeeb, Cal., Jan. 23, $4..0005 Feb. 27—Mar. 15.* Tallnlab M. Co., Nev., Jan. 30, $1,..Mar, 5—Mar. 26 Uniori G. M. Co., Cal., Jan. 4. $1,00.. Feb. 5--Feb. 26* Wa. Penn, Nev. dan. 16, 60c... Feb. Washington & Creole M. Co. MEETINGS TO BE HELD. Central 8, M. Co.-.-.-.-.--Aunnal Meeting Feb, 28 Chapman M. & M. Co. -Annual Meeting Mar. 11 Justice nt. Co. ‘Annual Meeting, Feb. 19 Virtue G. M, Co..«eee Meeting, Feb, 23 White Pine Smelting Co...0.4.-Meeting Feb, 17 LATEST DIVIDENDS—(Within Three Montbs). Gelcbcr, $15, +..5cec cesses set awe eee Payable Feb. 6 Chollar Potosi, $1. .Payable Feb. 10 Crown Point, Slic.ccsssc ss scree eee ee Payable Feb. 12 Eastport, Coose Bay, Coal M, Co.1 perct.Payable Feb. 12 Eureka Gold M. Co,, $1. .-Payable Jan. 6 Keystone M. Co,, $3. -Paysble Feb. 10 Meadow Valley, $1.50. Payable Dec, 16 Nortb Star G. M. Co. ‘By! ie Annual Meeting Feb. 6 Yule Gravel M. Co., 50C..-.ceec0--0s. Payable Dec. 6 —*Advertised in tbis journal. San Francisco Metal Market. (Corrected weekly by Hooker & Oo., 117 and 119 Cal. streot.] PRIOES FOR INVOIOEA Jobbing prices rule from ten to fifteen per cent. higher than the following quatations. 5 THoursoaY, February 15, 1872 RON.— Seotch and{Englisb Pig Iron, @ ton $52 50 White Pig. B t 5 Nail Rod. Norway Iro: Rolled Iron . ¥ : Other Irons for Blacksmitbs, Miners, etc. OPPER,— Sheathing, @ Ib. : 4 Sheathing, Yellow —M Sheathing, Old Yellow. Composition Nails. Composition Bolts. TIN PLATES.— Plates, Charcoal, IX 3 Plates, J O Charcoal Roofing Plat Banca Tin, Slabs, @ b. STEEL.Drill. Flat Bar. Plough Points. Russia (for mou Bar. Zrnc.—Sheets, Borax.—Refine Borax, crude.

February 17, 1872.] SULENT LalG PRESS: 101 valued at $1,199,135, or an average of €64.26 in the last 5 months, since when the new discoverics were availahle. The cost of prodnetion was $599,775, of which $12 per ton is for ernshing and $7.50 per ton for labor. The sonth drift, at the 1,100-ft. level is in oro which averages ahont £132 per ton. WHITE PINE. Base Mines—Great Vauuey Co.—The mines owned hy tho Co. aro at the foot of Labylon Hill, abont half a mile from Swansca, near Shermantown, and consist ofthe Great Valley and Union mines, with a length of 2,000 ft. of gronnd. ‘The location was made in April. A tuunel was started and run west 200 ft. in ore. Fifty ft. from the cnd of tunnel a shaft was put down and ore fonnd. An air-shaft was sunk 125 ft. deep, to the bottom of tho tunnel, and fonnd a fino body of ore the whole distance dowu, Afterward a shaft 30 it. deep was snnuk ou the side, and a ledge of mineral 5 ft. wide developed— making altogother a depth of 155 ft. in oro, from tho top of ths air shaft to the bottom of tho 30-ft. shaft. Three other shafts are down on the line of the ledge, aud ore fonnd iu all of them. The ledge is prospscted for 1,000 ft., showing ore wherever the ledge is opsned. Five hundred tons of oro were extracted from the mine; 100 tons wero disposed of to the Matteson Furnace, and 400 to the other fnrnacss in the Dist., and turned ont bullion to the satisfaction of the owners and purchasers. It is estiinated that 75 tons of ore can bs extracted daily from the present openings, and the number of tons increased after further openings are made. Tn differsnt openings are bunches of galena ore which assay (in silver) from $50 to $200 to the ton. Launcreston.—This mine is on the west slope of Treasurs Hill, aud ahout % ofa inile from Shermantown. There ie 10 ft. of an open cut on the ledge, and a tunnel in 35 ft., making £5 ft. altogether run on tho ledge. Inthe back end of the tunnel there isa well defined foot wall, and a good showing of ore. There are abont 20 tons of ore on the dump. The length of the mine is 800 ft. Exwrre.—The Empire mine is on the west elope of Treasure Hill. There is a tnnnel in 100 ft., showing a large body of carbonate and milling ore, The pitch of the ore is almost vertical. Inside of the tunnel there is a lot of ore sacked up, that was taken out while running the tunnel. About a year agoa shipment of ore was made toS. F., which worked $100 to the ton. Monrze.—The Mobile is about half a mile up the caion, shove tke Great Valley miue. Atunnelis run in on the ledge 200 ft., and shows a true fissure vein, with well-defined walls. In the center of the location there is a shaft 70 ft. deep, showing ore from 3 to 5 ft. in width, that assays $80 and $200 to the ton, A drift is in 80 ft. from the bottom of the shaft. There is ahout 450 tons of ore on the dump that was taken out of the drift. A foreeof men is at work prospecting und making further developments. Bowre & Brown.—Thie location is 1,000 ft. in length, on the northweet end of Blue Hill. There isa tnnnel in 100 ft. which taps the mine at 75 ft. from the surface. The ore is of a hluish green cast, of a copper character, and requires roasting. A shaft is down 45 ft. from the hottom of the tunnel showing the ore body increasing in thickness. About 50 tons of ore were breasted out and milled, going: from $90 to $100 to the ton. Rernpeer.—The Reindeer is an exteneion of the Empire, and owned by the same Company. ‘There is a shaft down 40 ft., showing a fiue body of carhonate ore, going down vertically, as in the Empire. 45 tons of the ore taken out fof the ehaft was worked, and averaged $100 to the ton. Assaye of the ore go as high as $500 to the ton. The iength of the mine ie 1,400 ft. Live YanKeE.—A shaft is down 65 ft., from which 67 tone of ore were taken out and sold on the dumps for $20 per ton. The ore assays $60 to $900 to the ton, and will average about $100. The character is copper, with a showing of lead. The last ehift of men averaged a ton of ore to the hand in the breast. ‘The location is 1,000 ft. in length. Orner Bask Mines.—Among the most prominent base mines are the Imperial, Monitor and C. 0. D. There has heen a large amount of work done on the Imperial, showing on immense hody of ore. Treasure Hina Mines—Norts AURORA. of high grade ore have come in. Hoisting night and day throngh the Engine shaft, and shipping 50 to 60 tons daily hy tramway to mill. East Saenorcan.—Ten men are cmployed in the differeut works. The south drift has mado 6G ft. in dopth since last report. Exchange inclino made 3 ft.; spar in the bottom. Regent drift mado 7 ft. the past weok, making a total distance of 95 ft. The ore in sight is of a hetter quality than any ever hefore taken ont. The ore is one foot in thickness, lying on a spar wall. Asnury Tunxnen.—Norris has resumed work in tho tunnel with a force of men. He has a contract for the wholo work. The tnnnel is iu over 300 ft. Rnnuiug ahead and prospecting in the side drifts. Energasrpt.—There is one shift at work cleauing ont the snow from the Keystone tuuuel. Shipping ore every alternate day by tramway to mill. Gex. Lee.—Following spar scam up the hill from the ore chamber. There isa width of 3 ft. of ore in sight, and improving in quality as work is pushed ahead. Tho indications for opening up a good body of ore are flattering. Correr Guance.—TIwo men employed. Drift at the hottom of shaft driven ahead 3 ft. since last mentioned. The uew or north shaft is sinking in limestone; cap put down 3 ft. since last report. San Juan pet Rio.—The oro is improving in qnality as depth is attained. Bercuer Cons.—There is # shift of two men working at present. BEEoHER. — Sinking the winze in the Phillpotts chamhsr to connect with the East drift of the Lady’s chamher. Running 2 shifts of 6 man. Sourm Avrors.—Work progresses as nsual in the tnnnel and shafts with encouraging prospects. Pocorm1t0o.—The ore is‘of a fair milling grade. Oorsme Dists.—Grant is 65 miles sonth of Hamilton, and ahout 12 miles north of the mines of the Troy M. & M. Co. The . mines are favorably situated and easy of access. Within a radius ofa half mile is a group of mines that have been more or less developed. Following are the results of assaye made from a number of the mines: Chieftain lode, South of the cation, carries 2 ft. of ore that assaye $300 to $600 to the ton. A ehort distance sonth are the White Cloud, Poorman, and Patriarch. The first named has a shaft down 6 ft., showing with well-defined footwall], 2 ft. of mineral, assaying $70 to $500 to the ton. Ou the Poorman there is a ehaft down 60 ft., with avein of 4 ft.in width, 2 ft. of it good milling ore, which assaye $120 to $500 to the ton. The Patriarch ehows a fine hody of ore on the surface that is traced out for several hnndred feet. Assays go from $80 to $600 per ton. About a mile and a half southwest ie the Ramshorn, on which a shaft is dowu 10 ft., showing well-defined walls and avein of mineral, going $50 to $250 per ton. The Rocket, Sonth of Fish Springs, is also a well developed lode. The ore assaye $50 to $250 to the ton. Connel lode isnorth of Hunter’e cation, a short distance helow the epring. This ledge promisee to he the leading mine of the Dist. The country rock is quartzite. There isa ehaft down 40 ft., with 6 ft. of ore, pitching at an angle of 45 degrees. says from $90 to $300 per ton. Idaho. Quanrz.—Silver City Avalanche, Feh. 3: During Jan. the quartz weighed at Garlick’e scalee foote up 2,200 tons. Locan Recorp.—The Elmore mine still continnee rich in the 7th level which is heiug runnorth fast. The ledge looks well in the winze, which is heing hoth sunk and raised. The only had feature ahout this chimney of ore ie, that it commencee ahout 100 ft. north of tho shaft, and cannot be mined out until the 6th level drift is in far enough to sink a winze from the 6th to the 7th level, to give ventilation of air, which will occupy ahout 2 months. The object of sinking the winze from the 7th level ie to determine whether the rich hody of ore goes down. If such is found to he the ease, the main ehaft will theu he sunk for the 8th level. That portion of the Oro Fino mine owned and worked by the Elmore Co., is not turning out quite as much ore as it was a short time ago, neither is the ore quite so good. The Oro Fino Discovery North, which Minear is working for the Owyhee Co. is turning out more ore daily than usual, and of a somewhat hetter quality. The ore is improving in the 3d level The Risdale chamber has improved very) drift north, which is heing rnn by the much in appearance since our last visit. The ore ie of a higher grade and requires hut little assorting. Shipping from 30 to 35 tons daily by tramway. Rich bunches North Oro Fino Co. This drift is run for the purpose of getting into the ground of the latter Co., and is nearly to the line. The waste rock and ore is hoisted through The ore as. the main shaft of the North Discovery gronnd. The Golden Chariot mine is being worked undsr considorable disadvantage, on account of the great distance of the shaft eastward of the ledge. At the Sth level it was fonnd necessary to rnu a cut 75 ft. in order to tap tho ledge, and at tho 9th level it would tako a cross cnt of more than 100 ft. to counect tho shaft with the ledge. Supt. Daviss proposes, if his Co. is willing, to rsmedy this, and save the expense

of running cross cuts by constrncting a new shaft—with 3 compartments, 2 for hoisting and 1 for pumping—down through the old stopes on the samo incline as the vein. The miue sent 800 tons of the ore to tho Owyhee 1nill last month. The South Chariot Co. is still running its 4th level drift north. ‘The drift is in 200 ft. from the shaft, or 268 ft. from ths south line. In the faco of the drift, tho ledge is considerably split np, but the walls are good. An immense rich body of ore is said to havs been struck in the winze of the War Eagle mine this week, which is creating considerahle stir in camp. Mr. Knott continues operations in his Florida Mountain mine and has besn rnshing the ore dowu to the Cosmos mill for several days past. Viontana. Hetexa Repuctron Works.—Hesleua Gazette, Jan. 29: The last furnace lighted is yielding at the rate of 2,000 ibs. of hullion every 24 hours. The product from 6 Pp. M. on Tuesday to the same hour last svening, was 38 bars, wsighing from 53 to 55 ibs. each. Anothsr furnace will be fired to-morrow. Utah. Procae Bonuion.—Salt Lake Tribune, Feh. 3: During the last week, W.F. & Co. have received and forwarded the following lote of fine hullion from Pioche. Jan. 27, 6 hars, $7,538.20; Jan. 29, 7 hars, $9,188.29; Jan. 31, 7 hars, $9,066.42; Feb. 1, 16 bars, $49,003.40. Total, $74,816.31. Today G hars more will be received which will swell the amount to more than $80,000. New Goutp Fre.p.—By telegraph—sSt. George, Feh. 3. Rich discoveries of gold are reported on the bars of the Colorado river, helow the mouth of Diamond river, and about 100 miles south of this place. With copper sheets $14 per day can he washed out by one mau. Miners are constantly passing tbrough here en route for the new Ei] Dorado, and large numhers are going up the Colorado from Lower Cal. and Arizona. The Silver Belt dist., near Pinto, is creating considerahle excitement among prospectors, and new discoveries are heing made. The average assay of the ores in that dist. ie about $50 per ton silver. S. F, Stock Exchange Board, San Francisco, February 15, 1872. The mining share market has fluctuated considerably during the past week and transactions generally have been large. Friday, stocks were rather weak; Saturday, very much depressed, and a general collapse to a certain extent; Monday, further depressed; Tuesday, strong again; Wednesday, fair, and to-day the excitement had quieted down materially, all descriptions show a marked decline over prices of last Thursday. The receipts from the North Star mine, at Grass Valley, for the month, aggregate $22,330. The sales for the week ending Wednesday the 7th inst., at the Stock Board, amounted to the unprecedented sum of $8,045,600; for the previous week they amounted to $4,208,000. Saturday last showed a very marked decline in the prices of mining stocks, all the prominent Washoe descriptions being lower and the decline being from $10 to $90 per share from the day before. The last clean-up of the Succor mine yielded $8,200, and that of the Virtue mine $3,350; the yield of the latter for January was $7,500. The January receipts from the Meadow Valley mine were $141,000, and on this month’s account $25,300 have been re-. ¢ ceived. Last week 796 tons of ore were taken from the Crown Point mine, valued at $33,000, and 888 tons from the Chollar-Potosi, assaying $48.62 per ton. The Lemon Mill & Mining Co. elected the following Trustees on the 10th inst.; G. W. Clark(President), John Hahn, H. H. Shafer, H. Baroilhet, and F, A. Oliver. J. T. Milhiken was re-elected Secretary and G. Dussol, Treasurer. Last week the Savage mine produced 987 tons . of ore averaging $37.47. On the 10th inst. the Saperintendent of the Raymond & Ely mine sent down $18,300 from the old mill. Comparative Prices—Extremes. Advance and ecline.—§&. F. Stock and Ex. Board. Feb. & Highest, Lowes, Fob. 15, 40 Ed Be — 104 GxtBuckeye . 4g 5 Ag a -Chollar-Po RG ba 6 = 2 Caledonia. WW 10 10 oe 3 2 40 BES _ 10 Ti0 790 = = — 2G 2 so = = fou thy 25! = 4 b) MoS1K Ie 15 = = ry. B45 345 Ho 80a = — «CSI GoldenOhariot. 15 15 12 = ae = Hale & Norcross 305 25 210 25 50 130 1 Tey OS -_45 we im say Le 42} = Ee we” oe ey oe 9 4 6 = 10's Ba) = = ye) bl) 10s = Pl) 8 iN; = = aS Overman. cs) 42 sa oe Pioche .. l4 ik 10396 n a Raymond & Ely.1il lal HI 138, = 3 Savage easily aie lo 230 — 80 Sierra Nevad. 3 2a 23 r= a Sucton .sc. 3 s 54 i; — I Warh. 2 Creole. 6 alg AN 5 — t Yellow Jacket.. 90 oi 65 ia = as St. Patrick ... 20 wn 6 = = = Seg. Beloher.. 67 rs 83 [3 t = Latest Prices—Bid and Asked. 5 , nip, asSKED Alpha Cons. 26 2 jida Elmore... — = Amador.. — — . Itmperial .... Ra Belcher.. 630 Kentack ..2-.. 0 142 Obollar-P% fh 63 . Meadow Valiey. Iiig 16% Orown Point TiO Ophir.. .... 110 ns aney .. cs 24 Orig, Hid. Troas — = Eureka Con: 24 244 Overman oe 55 56 ureka . — (Savage . + 225 20 Golden Ohariot. — — jRaymon E 134g Gonld & Curry, 21294 215 . Rierra Nevada.. 21 Px) Hule & Norcross 20 25 "Yellow Jacket.. TM 72 Mining Shareholders’ Directory—Meetings, Assessments and Dividends. (Complled weekly from advertlsements in the ScrenTIFIO PREss and otber San Francisco journals.] ASSESSMENTS. NAME, LOOATION, AMOUNT 4ND DAY DAY DATE OF ASSESSMENT DELINQUENT. OF SALE. Alhambrs Hill M. Co., Nev., Dec.9,50c.Jan. 13—Feb. 27* Backeye G. & 8. M. Co., Nev., Jan. 9, $1. Feb. 13, War14 CaledoniaS M. Co., Nev., Feb, 1, $4..Mar 8—Mar. 29 Cherokee Flat, Butte Co., Jan. 3, $2.60..Feb, 6 Feb. 23 Daney G. & 8. M, Co., Nev., Feb. 1, 65¢.Mar. 1—Mar. 26 Emerald Hill M. Co., U.T., Jan 11, 25c,—Feh, 19, Mar. 14 Empire M. & M. Co., Nev., Jan. 6, $10..Feb. 8—Feb, 26 Golden Age& Empire M.Co. Feb. 9,$».60. Mar, 12—Apr.3 Gould & Curry, Nev., Jan SO, $16...Mar. 4—April 26 Golden Charlot, I. T., Jan. 31—! Mar. 9, Mar 30 Ida Elmore, Idabo. Dec. 20 $3.00...Jan. $1—Marcb 4 Imperial 8. M. Co., Nev , Jan. 5, $10... Feb, 8, Feb, 26 Kentuck, Nev. Jan. 20, $10....+.Feb 24—Mar. 13, Lemon M. & M.Co., Nev., Jan. 6, 50¢.,.Feb, 10—Marcb 2 Mabogany G.&S.M.Co, L.T. Jan, 26,$1.60 Mar. 6—Mar, 23 Mina ica M. Co., Cal., Jan. 16, 20¢c. Feb. 19—Marcb 11* Monitor & Marnet, N. T. Dec. 4, 25c..Jan, 98—Feb. 17 Mt. Jefferson M. & M. Co., Cal., Jan 8, 25c.Fe 6—Fe 22* Nevada L. and M. Co. Nev., Jan. 9. 4c. Feb. 13—Mar. 4* Nonpareil G. M. Co., Cal. Dec. 27, $3.50.Feb. 3—Feb. 24 Noonday S.M.Co. White Pine, Eeb.1,20c.Mar. §—Mar. 26 Overman, Nev., Feb. 22. $4.. +-Feb, 22—Mar. 11. Phenix, Nev., Jan. 18, 75c. -Feb, 22—Mar. 13. Piermont M. & M, Co., N., Ji , 80c.-Mar. 1, Mar, 23* San Buenaventura Co. Cal., Jan. 19, $1-Feb. 29—Mar. 29 Sierra S M. Co., Nev., Jan 4, $3....Feb. 6—Feb, 23 Silver Wave, White Pine, Dec. 19, $3.Jan, 25—Feb. 23* Silver Wave, Nev., Jan. 30, $1.... Feb. 26—Mar. 19.* Soutb Chariot M. Co., 1. T., Feb. 8, $1..Mar. 9—April 1 8t. Patrick M. Co. Placer co. Cal. Peb,.8,$4 Mar.13—Apr.2 8. Guleb Gr. M. Co.,Cal., Feb 7, $1.60. Mar 13—April 3* Succor. M. M. Co., G. H., Jan. S, $1.50..Feb6 Feb. 27 Tecumeeb, Cal., Jan. 23, $4....0005 Feb. 27—Mar. 15.* Tallnlab M. Co., Nev., Jan. 30, $1,...Mar, 5—Mar. 26 Uniori G. M. Co., Cal., Jan. 4. $1,00... Feb. 5--Feb. 26* Wa. Penn, Nev. dan. 16, 60c..... Feb. Washington & Creole M. Co. MEETINGS TO BE HELD. Central 8, M. Co..-..-.-.-.--Aunnal Meeting Feb, 28 Chapman M. & M. Co. -Annual Meeting Mar. 11 Justice nt. Co.. ‘Annual Meeting, Feb. 19 Virtue G. M, Co...«eee Meeting, Feb, 23 White Pine Smelting Co.....0.4.-Meeting Feb, 17 LATEST DIVIDENDS—(Within Three Montbs). Gelcbcr, $15, +...5cec cesses set awe eee Payable Feb. 6 Chollar Potosi, $1. .Payable Feb. 10 Crown Point, Slic.ccsssc ss scree eee ee Payable Feb. 12 Eastport, Coose Bay, Coal M, Co.1 perct.Payable Feb. 12 Eureka Gold M. Co,, $1. .-Payable Jan. 6 Keystone M. Co,, $3. -Paysble Feb. 10 Meadow Valley, $1.50. Payable Dec, 16 Nortb Star G. M. Co. ‘By! ie Annual Meeting Feb. 6 Yule Gravel M. Co., 50C...-..ceec0--0s. Payable Dec. 6 —*Advertised in tbis journal. San Francisco Metal Market. (Corrected weekly by Hooker & Oo., 117 and 119 Cal. streot.] PRIOES FOR INVOIOEA Jobbing prices rule from ten to fifteen per cent. higher than the following quatations. 5 THoursoaY, February 15, 1872 RON.— Seotch and{Englisb Pig Iron, @ ton $52 50 White Pig. B t 5 Nail Rod. Norway Iro: Rolled Iron . ¥ : Other Irons for Blacksmitbs, Miners, etc. OPPER,— Sheathing, @ Ib.. : 4 Sheathing, Yellow —M Sheathing, Old Yellow. Composition Nails. Composition Bolts. TIN PLATES.— Plates, Charcoal, IX 3 Plates, J O Charcoal Roofing Plat Banca Tin, Slabs, @ b. STEEL.Drill. Flat Bar.. Plough Points. Russia (for mou Bar.. Zrnc.—Sheets, Borax.—Refine Borax, crude.