Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-03-26
local MlNINa IrElIs.

lHc past week IELs QeeD y p1rtlcu-
larly lively m In the mining stock
line, with good prices, generally, and
considerable transactions. How long
this will continue Is Of course uncer-
tain, yet extra good prospects call for
an extra stir for some little time yet.
More particular attention is TO- being
paid to the old surface workings, con-
s~cquently bodies Of rich ore passed by
In the earlier and less searching de-
velopments are now being brought to
light-richer ore in quality, II not in
quantity, than the lower levels show.
As to money matters, the Alta says:
Money has become quite easy in most
branches Of business. The buoyancy
in stock values has continued to give
activity to funds aud cause the circli-
lation OF money. The profits to hold
ers shave been large, and these have
impaired general confidence. The
decline In gold has also added to the
general hop~efulness; the more so, that
the railroad has brought settlers into
the State. The amounts Of capital that
arrive, as well English as Eastern, for
investment, are important, ard seem
rather to increase"
GOULD S CURRY.
This rejuvenated mine Is now yield
ing about 50 tons Of ore per day, as
saying on the average nearly $50 to
the ton. The FL Dorado section fur
nishes the principal supply, and it
promises all increased yield in the fu-
ture as better facilities TOR extraction
are developed. The Last Chance and
United States sections also show 4 bet
ter quantity and quality Of ore. The
recent valuable strike of ore In the Po-
tosi chimney Is not so rich or extensive
rs was Mt first supposed. a goodly
quantity of excellent ore Is certainly
found in those old upper workings,
which was passed by In the early days
In the eager search for richer ore at a
greater depth. y return to these
Sighted deposits Is now found profit
able. A special meeting Of the stock
holders is to be held on the 18th of
April next. ut San Francisco, to take
into consideration and decide upon u
proposition to increase the capital
stock Of the Company from $2.4OO.-
600, divided into 1880 shares Of $500
each-the present capital stock-to 3d.
GOO. COO. divided into $1,000 shares Of
$3.50 each. The recent sharp rise in
the stock of this mine was very hard
on some brokers who were caught
.sshort," and as this had something to
do with the continued rise, the present
rapid fall in price indicates some sort
of a settlement" Those brokers
have little mercy on one who Is caught
out In that way.
NEUTRALITY-SUSPICIOUS..
The cross-cut west ut the end Of the
south drift from the 1,l00-foot level
has at last reached the east clay Of the
ledge at the Holmes ground, and cut
into IL eight feet. No water Is yet
tapped by it. What the Holmes ground
Is good for at that depth will o be
developed. The raise from the north
drift ut that level to strike the bottom
of the old Alpha incline, will, accord
ing to latest and most careful surveys,
make the connection, or rather tap the
water this afternoon. They are work
ing very carefully now. owing to dan
ger of drowiing the workmcn. AT the
1.0oo.foot level OF me Alpha mere are
500 feet OF drifts al OF wafer, oei0M
which Is the Incline ooIeet oeep, aisC
full OF water. 10 tap sucn oouy u
water Dy means oi 1nn san,
ieet IN ir'". - Ill w."
dertaking, nor devoid Of danger. A
long drill hole Is kept in advance OF
the mann w0rkins, 50 as'V ~ -,
Ter g~raauliiy, anu y ,i,a mom
tnrous su usn ont ~ the r,,v'
p,ehty VI ,an ~ ~ r.r ono;na mat
Aue e .uo,Inn bos .Ira,dy red,iced
pu. ~ oIe.h a Irnar;alNEn;n;re shaft
.ne ma. . on ~, am9 tha on;des are he
10 aoo.t D. ieSa, S N. s;',inr aud dr;ft-
,hS pu. ~ o o..s y tha shsIt
n'g INC o Uu'nW '.cyrT
.u,,, ,,,,a +, ,.;o,,;nr ahon, an tons
~ S,S6 and low Grade ore
IT,, s,u,i nnantities, INC low grade
Ss ~" dnar Laval, and the b1yher
siipu !. "s ,Ipe The s00 eO0 and Is02O-
S1 o,,o,. rhe aforementioned level
i .;oiis 49, "a 10 70 tons per day at
,nosant Jyhe new body of ore Il look.
IT, yarv wall and better a further
sslonsd Tbe main drift Il being
en.inreJ north ahead Of II. 10 con.
ont ,,;th . w;nzs from the eOOLfoot
neet Wv" I'll, a-rartnnI,v ha carried
le'si ana IL ". dy,n from the
70 a1e noiin .In g, -. Crnrn Pointito
WI NJ lev Sodv ~ ore 100 feet
" ,yn. ~S,.coni;nned on reaching
upS so,,h line of the mine. and will
.nn,o;" 80 for the nresent.
op,,yp.
II. u,,,. stra,r NJ rad ore wa
nue. ihss ,.aSt.rJ.r IN dr;ff;no
iouna Gay oeIote e9'e.ux, ,a n.n
west ironi tI'e so".n e'H.,' "peST.
workings, oieet ron .he surn no.a
IL not extensive. Ne..neI ". go aT'
ore FOUND a, tne loo-ioo. iese. sei' Iost
tensive; drilt was eo.luieu.su
Wednesday to II lVo ieet seepeI'
when something oetter ma! ~ en-
peeted. Owing to stoppaSe w OF
three days ago to put III . new lower
section OF pump. the water IN the new
shaft raised considerably, but 1t Is iast
being reduced again. 1t Is now less
than 100 feet deep, n with present
-g,oilitiaa IL will snnn no all ont.