Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1869-12-11
LOCAL Mining z

\ heavy and continued depression
in all our leading stocks has been the
main feature during the past week, and
we see no particular reason for a cores
ponding reaetiye rise just at present,
based upon any new and important de-
velopment of rich ore in any Of the
mines, unless it be in the Hale l. Nor
cross, but even that ~favorite stock
sustains a severe setback, with the
rest. There is no particular complaint
of stringency in money matters, but the
fact is apparent, without explanation,
that stocks are down.
SIERRA NEVADA.
1t will be two or three weeks yet be-
fore the repairs aud searragement ofthe
mill machinery is completed, when
it will be set actively At work again
reducing ore from the mine. Meanwhile
good bodies Of ore are being developed,
and there i, plenty Of the low grade
article to keep the mill running for
years, even should there DO no more
rich s,resks discovered. A suit has
been brought to require this company
TO issue new stock for old shares sold
out some two years since for assess.
ments. In the "corner" Of this stock
last spring this old stock was sought to
be recognized 10. make deliveries, aud
much was bought up A. triaing prices
for hat purpose, but without success.
That stock now claims to DE recognized,
and u short " movement seems TO have
been based upon 1t.
OCCIDENTAL.
There is ore enough in sigh. to run
the mill for the next Eve years, paying
n good profit. Two or three more mills
could be run to excellent advantage on
ore from this mine, adding materially
TO the monthly receipts of the company.
This probably will he done rs soon MS
the lower tunnel shall establish a uew
outlet or adit by ;uterseetiug the main
pay streak of the ledge; this IL looked
for now daily. Wines from the lower
ndit Of the old mine, 400 feet above,
haze been sunk to within so feet OF
where this lower tunnel will open the
ledge, and the pay streak found to DC
continuous, and even better than above.
TWIN.
A very large amount Of high grade
ore in sight, but in order TO increase the
facilities for extracting, q new shaft and
hosting work, are required. The for
tuuals proprie,ors Of tins mine are about
building a mill some two or three hun
bred yards below their mine, in Gold
Canyon, and directly in the business
portion OF Silver City. The boiler, eu.
glue and other machinery is already on
the ground, aud they will start i; with
10 stamps. Tho engine is Of "a horse
power. They will build a track, so rs
to run the ore cars directly from the
mine to ihe mill.
ovERaAS.
Tais mine is yielding excellently un-
der the present efficient management,
the receipts fos November summing up
to about Sos, 900. The daily yield of
ore is $50 tons, and tho bodies OF ore
gradually wiiea TO the southwark.
Four mills are running on ore from this
mine, one OF which is the Devils Gate
mill, reported to have been purchased
by the company recently. This is said
to he a mistaken report, or at least pro-
mature.
HALE = S%oRcEoss.
The new sixth or loves. level contin-
ues looking better as developed. The
pay streak averages $40 per ton, and is
fully opened and prospscted 2lI feet in
length, to within 40 feet OF the Savage
line, where the ore is not AS good as
farther south. Some of the ore is very
rich, but i, is mingled in st'eaks through
n lower grade article. The older parts
OF the mine continue to yield well, as
usual. Present daily yield, lG3 tons.
cHoLLAR.poTOSI.
Presen. daily yield l56 tons; average
assays, S3s per ton. No usw develop
msnts. Mine looking about the same
at all points as mentioned in our last
reports. A dividend Of 81 per share, |
aggregaling S2s, 900, was disbursed yes
tsrday.
The water in the new shat, is reduced
by constant pumping and bailing to a
depth of about 200 feet. In the old
mine the water is settling fast, but it
will be some weeks vet before all that
extensive body Of water will be drained
out.
GOULD & CURRY.
Nothing new or interesting developed
in auy part of the mine, above or below.
The yield from the old upper workings
is about so ons per day, asssying $40
per ton on the average-rsther better
than the figures Of a week or two past.
IMPIRIAL-EMPlRE.
Sinking and drifting still actively
prosecuted, with no new or important
DEVELOPMENTS. TIE annual meeting OF
the Empire Company will be held at
San Francisco next Wednesday.
YELLOW JACKET.
No new developments. Present daily
yield nearly 400 tons, including n large
amount Of low grade ore from the old
north shaft, which is being shipped on
the railroad to Carson River.
XxSTUcx.
Still yielding well. A dividend OF
$40 per share, a~ggregating $4,000,
was disburs.d yesterday. This is the
3O,h dividend Of the company.
pANEY.
An assessment of 81 per share Was
levied hast Tuesday. s~ggregating 49,
600, Delinquent January 9th.
BELcuzR.
The body Of ore at the l52.foot level
continues looking well, and average
assays are S45 per ton.
Toys. HOLIDAY Goous, Erc.-Recol.