Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-03-12
c MINING ITEMS.

principal feature affecting mining
stocks at present. Otherwise than this
there r other developments which
contribute to give the market a decid-
cdly firm and somewhat upward tend
ency. Money is tolerably easy, and
considerable transactions in stocks are
noted. The Alta of Thursday says:
There has been n very considerable
improvement this week in the aspect
of affairs generally. The supply Of
coin from Mint and country has been
for some time increasing, and the fall
of gold at the East, although the
result of speculation for a decline. sup
ported by the artificial action OF the
Treasury, has awakened hopes that
the moment may be seized by Con-
rress to secure 4 return to cash pay
nments, and by SO doing, equalize the
currency Of the nation once more. 1t
is supposed by many that with an
cqualized currency, money will come
here for investment. The hopes so
engendered, have impaired more con-
iidence to business enterprise, aud
there are signs Of more movement.
The crops are considered safe, and the
mines are again improving. These are
the great foundations Of prosperity.
There Is n great demand for money In
some directions, but the supply on
long terms is more considerable"
YELLOW JACKET.
The excellent new body of ore re-
Gently developed at the l,02O-foot level
looks and yields better and better as 1t
i further drifted upon to the north
ward. IL breasts out now fully ten
feet in width, and the south shaft being
completed to that level, with a good
drift connection. the ore is now being
taken out that way at the rate Of 80
tons per day, milling on the average
1870 per ton. This new body is now
known to he q continuation OF that In
the 9OO-foot level, 120 feet above. 4
winze from that level, $50 feet north
of the shaft, Is already down about 75
feet, all the way in excellent ore, which
will doubtless continue to the l,020-
foot level, and connect with the new
body. A drift Is also being run north
from the l.l00-foot level Of the Crown
Point, to prospect this ore body 100
feet deeper. Finding this extensive
deposit OF good pay ore at such a depth
is n very encouraging circumstance, not
only to the Yellow Jacket but to all
the other mines in the vicinity. The
daily Weld of the mine is about 225
tons, equally divided of high and low
grade ore, the higher grade being from
The 500, 800 and l,020-foot levels, and
the low grade from the upper levels.
There was Il ruraor quite prevalent a
few days since. that an assessment was
10 be levied, but. we are informed on
the best of authority that there is
neither necessity nor intention Of do
ing so. Stockholders only need to have
faith, and they will find the Yellow
Jacket all right yet.
NEUTRALITY-SUSPICIOUS..
The new l20-horSe power hosting
engine i, completed and starts up this
evening, for the first time. Next week
it will be put into practical service
raising the water from the shaft, there
being about ITO feet of it at the bot
tom. After that the requisite cage
guides are to be put in from the LOO
foot level down. and then they Will
open a station at the bottom OF the
shaft for 4 drift west through the ledge,
after which the sinking of the shaft
deeper Is to be resumed, both drifting
and sinking being prosecuted ut the
same time. This shaft prospects nearly
or quite all the mines Of Gold Hill
= proper. and each should pay its part
Of the expenses. The cross-cut from
the south drift at the l,lOO-foot level
toward the Holmes ground has not yet
found the east clay OF inc ledge, out Is
expected to 10 so shorty. Inc conhsS-
ton Of the north DRIFT N raise WIN
the Alpha incline lacks only about 20
feet of completion. The old upper
workings of the Imperial mine are
yielding from 80 to ~ tons OF ~ ore
per day. The assessment OF $l0 per
share. levied February 10Th, has oeen
rescinded by reason oi r,sg" s,h ~
the publicafioh, anu on ae m.ss
a new one OF the Shhe aniouns vas
levied.
HALE'& NoRcR0ss.
The usual monthly dividend OF %
per share, aggregatinS $4S;Oo' Was
discussed day before yesteroay. u
yield Of the mine Is the same u ~ our
last report, with prospect Oh lnPr1so-
ment during the coming Week. Ely Ely
%ploratlons at the SKIN iesei n .ne
extended to the north lne' Wneie .ne
ore vein is found to De Iuliy IA tee'
wide, assaying nearly $oo per ton.
The west vein ut that point contains "
good width of rather lower graue ore.
The principal ore yield OF the NINE Is
from this level, and tho breast eontah-
ues looking very well indeed Inc
shaft Is now through the east clay wall,
and the rich ore streak Is found TO
extend below ut least as far as the
shaft is sunk, with every indication
that 1t will hold out until the l,2OO.toot
level is reached. The prospects OF IN
valuable mine were never more natter,
Ing than at present. At the annna
meeting, held on the 9Th, the FOLLOWING
gentlemen were chosen Trustees ioT
the ensuing year: James Y. Elood
Presidentl.o James G.. Fair Vice Presi'
dent. NJ. j. O'Brien, Cornelius o'Con-
o John w. MaeSay, John Hsrroia'
william c. Hof N joseph Irencn'
hTN