Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1869-07-17
IA. n MI co.'s LINE.
LOCAL MINING ITKM 8.
YELLOW JACKET.

YELLOW AcxEr
During the past week matters gen
orally have worked still more farorabiy
th " before, more men being put to
work, anu nearly 200 tons Of ore per
day being extracted. The air, owing to
increased ventilation facilities, is cou-
stantly improving at the lower levels,
The repairs being made to the soutn
shaft are necessarily rather SLOW. as
they are not allowed to interfere with
hosting ore, and viii OCCUPY some
weeks yet. The raising Of the 800 fee;
Of water 10 the north shaft was COM
meuced last Thursday noon, the ma
chinsry Of the old hosting works being
fully put in order. Only the middle
compartment Of the shaft is being used
for that purpose just AT present, owing
to repairs going on in the shaft, aud the
water is but little reduced AS yet.
As soon as the shaft is in proper cuudi-
ton, however, two 100 gallon tubs with
valve bottoms will be kept actively at
work, raising the water at n very lively
rate. IL will doubtless take II couple of
weeks to get all the water out, when, AS
soon as practicable, the proposed winze
connection will be made from 700 foot
level, where the bottom Of the shaft is,
10 the 500 and 900 foot levels, thus
creating the best possible daft of good
air throughout the mine. Nothing new
TO report in either the Crown Point or
the Kentuck, except hat measures are
being taken TO work the lower portion
of the Kentuck, beneath the fire, through
the 900. foot OF lowest level OF the south
Yellow Jacket niue. This is an excel
lent idea, and will prove II decidedly
profitable one to tue Kentuek stock
holders. The assessment Of $40 per
share fell delinquent last Wednesday,
aud will be duly advertised in u day or
two.
HALL 4
The lower levels continue looking
fully ss well as ever, and the mine
Yields over o hundred tons Of excellent
grade ore per day. The ore production
is somewhat impeded by necessary re.
pairs to the shaft. Twenty feet of i,
has been retimbered, and there are
twenty or thirty feet more yet to re-
timber. At the fhh or lowest level
the breasts never looked better, and
the top OF the raise from that level is
in excellent ore. The south drift ut
the fourth level is being continued,
and develops a fine streak OF ore i've or
six feet wide, and assaying nearly $50
per ton.
GOULD 4 CURRY
The broken shaft OF the pump engine
was repaired and the pump set at work
again last Tuesday, The water, which
had raised to the hight Of 325 feet in
the shaft, will probably all be out
again by tomorrow, so that drifting
east from the seventh station can DO
recommended. The upper levels still
continue to yield about fifty tons Of ore
per day, asssying about $50 per ton.
siERRA NEVADA.
The first cleanup for the present
month was made yesterday. The re-
suit is not, of course, yet exactly ascer-
tanned, but it will come fully up to the
average. The mill is pounding away
again to-day rs regularly AS ever, on "
fresh run Of the same good ore. Every
thing 10 aud about the mine is in II
most prosperous state, aud the large
orc deposit at the surface looks now as
though it would hold out for many a
wear. The Sierra Nevada is beng more
chesply and pro6,ably worked than
ANY other mine on the Comstock ledge.
SAVAGE.
Nothing new or important developed.
Repairs TO shaft continued. AT the au-
nual meeting Of the company, held last
Thursday, the following named gentle
men we're elected Trustees for the en-
ming year: s. ". Glazier, J. d. Fry,
Thomas Bell, A. Hayward and Alpheus
Bull. Subsequently,, Alpheus Bull was
elected President; E. B. Holmes, Score.
tary; W. G. Ralston, Treasurer; I. b.
Sbsmp, Superintendent. The Secre
tary's report shows the receipts OF the
wear to have been 81 ,917 ,O42, and the
disbursements. in the way OF ore reduc-
ton, pay roll, salaries, current expenses,
dividends to stockholders, railroad sub
scriptiou, etc., S2,035, G97. Cash on
hand July lst, SAT 395. Since the or
psnizatiou Of the company, the amount
of ore taken from the mine has been
sac .sOs tons; reduced, 324,3lI tons
gross receipts in bullion aud from ore
sold, Sl3, 304, TAO; assessment levied,
lss. 900; and dividends disbursed, 81,
52s 600. The available assets of the
company at the close of the fiscal year
mat ended were (including Sal, 1876 CASH
$50. 500 against liabilities OF S?,6a5,
thus showing a surplus Of Sss, las. The
roper,y assets Of the company rssre-
gate $3.50, 900, M follows: Savage aud
atcbison mills. 500. 900; E street shaft
and works, Sl5O, 900; building. ut Vir.
giuiu, aud assay Office, $4,000.
cuoLLAR oroS
Yielding nearly or quite $50 to"s per
day. The greater portion comes from
the Blue Wing; the next best yield IL
from III. New Tunnel station, the next
from the Grass Valley. aud lastly the
%croppinys or surface Workings. AT the
annual election OF the company, held
last Monday, all the old officers were re-
elected. as follows: President, A. NJ.
Harmon; Vice President. Thomas Bell;
Trus,.es-A. Hayward, William E. b d-
ron. Thomas Sunderland, Charie. h,s
mer Lloyd Teyis: Secretary, W. Il
Dean. Superintendent, Isaac l.. R"qun'
I, was decided to reduce the capital
stock Of the company from So 600 oo'
to 2 800, 900, aud Increase the numoe'
of shares from $500 To 80 900, re'iuein-
~.l,a &c .,rh fran 81 600 u